The global agricultural robots market size was USD 6.94 Billion in 2021 and is expected to register a revenue CAGR of 34.4% during the forecast period, according to latest analysis by Emergen Research. Growing population stimulates demand for food and this factor is driving agricultural robot market revenue growth. Increasing population growth is driving demand for food production and supply and this is driving deployment of agricultural robots in various countries. Global population is rising, but there is still a sharp decline in labor force in the agricultural sector. Moreover, agricultural robots keep a check on crops and can monitor for various types of pests and insects. Demand for modernized farming processes supported by government offers and subsidies to farmers are factors expected to continue driving market revenue growth.
The Global Agricultural Robots Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @https://www.emergenresearch.com/request-sample/303
The leading market contenders listed in the report are:
Trimble Inc., Deere & Company, AGCO Corporation, Lely, Ag Leader Technology, AgEagle Aerial Systems, Inc., Topcon, DeLaval, BouMatic, and Agjunction
Some Key Highlights from the Report
- Indoor segment revenue is expected to expand at a steady rate during the forecast period. Indoor farming robots comprise 3D cameras, which are capable of capturing information from modules placed in front of them and help in plant harvesting, inspection, and sowing. Furthermore, indoor farming robots are capable of identifying pests and diseases, and alerts enable safeguarding crops against damage and improving plant health.
- Hardware segment revenue is expected to expand at a rapid rate over the forecast period. Rising deployment of cost-efficient Internet of Things (IoT) based technologies and sensors to produce superior quality crops are expected to drive revenue growth of this segment. In addition, various types of hardware such as driverless tractors and UAVs can be operated autonomously with the help of Global Positioning System (GPS).
- Asia Pacific market revenue is expected to register fastest growth rate over the forecast period. Increasing population in countries in the region coupled with shortage of farming labor work force are key factors driving market growth. In addition, depletion of arable land and water sources is supporting demand for agricultural robots in the region.
- On 7 February 2022, AGCO Corporation, which is a U.S. based agricultural machinery manufacturer, launched WR Series self-propelled windrower from Hesston by Massey Ferguson. It would offer comfort, power, and uptime to hay farmers. Additionally, it would increase overall efficiency by 10% over previous model to maximize power and speed of hay production. This newly launched WR Series consists of cutting-edge technologies of Massey Ferguson to offer comfortable rides and increased efficiency. Besides, this WR Series would save fuel up to 12% in fields.
Key reasons to buy the Global Agricultural Robots Market report:
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The latest report comprehensively studies the global Agricultural Robots market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
Market Segmentations of the Agricultural Robots Market
Offering Outlook (Revenue, USD Million; 2019–2030)
- Hardware
- Software
- Service
Farming Environment Outlook (Revenue, USD Million; 2019–2030)
- Indoor
- outdoor
Type Outlook (Revenue, USD Million; 2019–2030)
- Milking Robots
- Unmanned Aerial Vehicles (UAVs) / Drones
- Driverless Tractors
- Automated Harvesting System
- Others
Regional Outlook of the Agricultural Robots Market
The global Agricultural Robots market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Agricultural Robots market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
The research provides answers to the following key questions:
- What will be the growth rate of the Agricultural Robots market for the forecast period, 2020 to 2030? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Agricultural Robots market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Agricultural Robots market for the forecast period, 2022 to 2030?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
Thank you for reading our report. For further queries, please connect with us, and our team will provide you the report best suited to your requirements.
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
