Press release
Leading Companies Fueling Innovation and Growth in the Poultry Keeping Machinery Market
The poultry keeping machinery market is set to experience considerable expansion in the coming years, driven by evolving needs in the poultry farming sector. As global demand for protein rises and technologies advance, this market is positioned for sustained growth. Here is a detailed look at the market size, key players, emerging trends, and segmentation shaping the future of poultry keeping machinery.Projected Growth and Market Size of Poultry Keeping Machinery
The poultry keeping machinery market is forecasted to grow steadily, reaching a value of $6.84 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 6.3%. Several factors are fueling this expansion, including increasing global protein consumption, more investments in smart poultry farming technologies, heightened attention to animal welfare, the adoption of precision livestock farming methods, and the growth of large-scale poultry production facilities. Important trends expected to influence this market include the rising use of automated feeding systems, advanced climate control technologies, enhanced focus on poultry health and biosecurity, the growth of integrated hatchery management, and greater demand for efficient waste and manure handling solutions.
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Prominent Companies Steering the Lattice and Telescopic Boom Market
The market features numerous influential players, including Kobelco Kobe Steel, The Liebherr Group, Sumitomo Heavy Industries Ltd., Ingersoll Rand Inc., ere*x Corporation, Mammoet, The Manitowoc Company Inc., Palfinger AG, Tadano Ltd., Sarens n.v./s.a, Kato Works Co. Ltd., Link-Belt Cranes, Manitex International Inc., Favelle Favco Berhad, SANY Group, Lampson International LLC, Jekko s.r.l., XCMG Group, Sennebogen Maschinenfabrik GmbH, and Cormach Srl.
A noteworthy development took place in January 2025 when Tadano Ltd., a Japan-based crane and aerial work platform provider, completed an all-cash acquisition of Manitex International for US$ 223 million. This strategic move is aimed at broadening Tadano's lifting equipment range and accelerating its growth in global truck-crane and aerial work platform markets. Manitex International, based in the United States, is known for mobile truck cranes, specialized industrial lifting solutions, and rental offerings across infrastructure, maintenance, utility, manufacturing, and construction sectors.
Technological Advances Highlighted in Lattice and Telescopic Boom Market Trends
Industry leaders are focusing on self-leveling boom lift technology to boost operational flexibility, increase reach, and enhance efficiency across various applications in construction and industry. This technology automatically maintains the platform's level regardless of boom angle or terrain conditions, ensuring safer and more productive operation.
For example, Genie, a US aerial work platform manufacturer, launched in January 2025 the Genie S 85 XC FE hybrid and S 85 XC E electric telescopic boom lifts. These models are designed for rough terrain use in construction, industrial, and maintenance settings, offering extended reach and hybrid or electric power options. They feature an "Xtra Capacity" system allowing simultaneous lifting of personnel, tools, and materials, as well as on-platform AC power for tool operation. Advanced 4-wheel drive and oscillating axles support stable movement on uneven ground, demonstrating ongoing innovations aimed at meeting modern job site demands.
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Market Segmentation Reveals the Largest Share Belongs to Specific Crane Types
The lattice and telescopic boom market is divided into several segments across types and operations:
1) Mobile Cranes including Lattice and Telescopic Boom, Crawler, Rough Terrain, All Terrain, and Truck Loader cranes
2) Fixed Cranes comprising Industrial, Tower, and Ship to Shore cranes
3) Operation modes split into Hydraulic and Electric systems
Within these categories, subsegments detail different crane styles such as lattice boom cranes, telescopic boom cranes, and hybrid boom cranes. Other subcategories include crawler cranes with lattice or telescopic booms, various rough terrain cranes, multi-purpose all-terrain cranes, and truck-mounted cranes featuring either telescopic or lattice booms, including articulating truck loader cranes. These classifications help outline the market's diverse product offerings and applications.
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