From 2014 to 2017, the UK saw no production of poultry keeping machinery. However, starting in 2018, the industry exhibited a rapid increase, achieving significant value growth from €3.16 million to €5.14 million by 2023. Notable year-on-year variations include a dramatic 100% rise in 2018, 33.12% in 2019, and more modest increases in subsequent years: -1.55% in 2020, 8.22% in 2021, and 7.45% in 2022, culminating in 6.79% in 2023. The CAGR from 2018 to 2023 stands at 10.23%. Looking ahead, the forecasted CAGR for 2024 to 2028 is 4.49%, indicating a consistent upward trend, expecting an overall growth rate of 24.53% by 2028.
Future trends to watch for:
- Advancements in automation and AI-driven machinery enhancements.
- Increasing demand for high-efficiency and energy-saving equipment.
- Potential supply chain disruptions or innovations impacting production rates.
- Regulatory changes influencing the poultry industry's technological adoption.
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