Robust Growth Projected for Plucker Machine Market with 4.5% CAGR from 2023 to 2033

The plucker machine market is poised for robust growth, characterized by an anticipated Compound Annual Growth Rate (CAGR) of 4.5% spanning the decade from 2023 to 2033. This trajectory is set to elevate the market's value from an initial estimation of US$ 1,593 million in 2023 to a substantial US$ 2,474 million by the close of 2033.

Predominantly niche yet steadily expanding, the plucker machine market establishes its primary niche within the agricultural domain. This sphere encompasses a wide spectrum, spanning from modest-scale chicken farming operations to the harvesting of fruits and vegetables. The allure of plucker machines lies in their pragmatic capacity to revolutionize conventional harvesting techniques. This, in turn, leads to the reduction of labor costs and amplification of operational efficiency. Beyond the agricultural realm, the versatile application of plucker machines extends to the production of animal leather and fur, showcasing the diversified utility that underpins their presence.

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- Sheep Handling Equipment Sector: Accelerated Growth Envisaged

Comparing the projected trajectory with the observed 4% CAGR between 2016 and 2022, the sheep handling equipment sector is poised for an accelerated expansion, manifesting a 4.5% CAGR spanning from 2023 to 2033. The market's average growth pattern, predicted to hover around 62.2% between 2022 and 2033, attests to its dynamic evolution and resilience demonstrated across a gamut of applications. This robust pace of development underscores the sector's adaptability and evolving dynamics within a transformative agricultural landscape.

- Automated Plucking Machine Influencing the Market Share

The market for plucker machine is anticipated to rise as processed poultry products become more popular. The demand for plucking machines is anticipated to rise due to the rising demand for convenience foods and the rising consumption of processed poultry.
The development of automated plucker machines and the growing emphasis on food safety and cleanliness are the key growth factors of the plucker machine.
While automated plucker machines are more compassionate and effective than hand plucking machines, the growing concern for animal welfare is predicted to increase demand.
The sales of plucker machine are anticipated to be constrained by the high cost. The market growth is expected to be constrained by a lack of technological know-how and skilled workforce.

- Fast Food Chains Extended Operations Raises the Demand for Plucker Machine

Plucker machines are being used by fast food restaurants quickly to meet client demand effectively and quickly. Popular fast food restaurants like KFC, Domino's, McDonald's Corporation, and Taco Bell are expanding into new countries. Over the projection period, this is likely to increase the adoption of plucker machine.

The top manufacturers of plucker machines concentrate on developing state-of-the-art processing equipment. Due to this newly created machinery, several products made of bird meat now have extended shelf lives.

- Key Players:

Sss Ideas
Ardisam, Inc.
HWL
AI Abbas International
Global Kitchen Equipments Company
Universal machines
SriVeni Industries
Zhucheng Xinhaoyun Machinery Co. Ltd.
RUIANSHISUIKANGXIEYESHANGHANG
Cuilvu
Each bid
Buffalo Tools

- Recent Developments

New loan facilities of $63,200,000 were closed by Ardisam, Inc. and Huntington Business Credit in June 2022. The funds from the facility were used to refinance existing debt and continue financing working capital expansion.
The purchase of superior equipment group, Inc. by John Bean Technologies Corporation, was disclosed in June 2019. The acquisition of premier brings us one step closer to realizing our goal of dominating the chicken market and providing premium products and services.

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- Key Segments

By Capacity:
Less than 5 Birds
5 to 15
15 to 30
More than 30

By Material:
Stainless Steel
Mild Steel

By Motor Power:
0.5 Hp
1 Hp
2 Hp
More than 2 Hp

By Region:
North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

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This release was published on openPR.