The Feed Production Specialized Equipment Is Decreased by 4.6%

According to data released by the National Bureau of Statistics, the output and growth rate of major industrial products in March 2024 showed that the monthly output of specialized equipment for feed production was 9878 units, an increase of 39% compared to the same period last year; The cumulative production from January to March was 16853 units, a decrease of 4.6% compared to the same period last year.

With the development of global agriculture and animal husbandry and the advancement of technology, the demand for feed production will continue to grow. At the same time, the government's support policies for agriculture and animal husbandry will also bring opportunities to the market. It is expected that the market size will further expand in the coming years.

Intense market competition: There are many manufacturers in the market, and the phenomenon of product homogenization is obvious, and competition is gradually intensifying. Therefore, enterprises need to continuously improve their technological strength and product quality, and seek advantages in differentiated competition.

Cost pressure: The increase in raw material and labor costs poses a challenge to the profitability of enterprises. Therefore, enterprises should reduce costs and provide reasonable prices by improving production efficiency, optimizing supply chains, and other means.

New technology applications: The application of new technologies such as artificial intelligence and the Internet of Things is changing traditional production methods and bringing opportunities to enterprises. Enterprises should actively explore the application of new technologies to enhance product competitiveness.