Agriculture Robots Market Projected to Reach USD 11.58 Billion By 2026, Growing at A CAGR of 18.6% From 2019 To 2026, Key Player Includes Deere & Company, CNH Industrial N.V., AGCO Corporation, kubota Corporation, Valtra Oy Ab, Yanmar Co., Ltd., Jacto Inc

Global Agriculture Robot Market Analysis

According to Verified Market Research, The Global Agriculture Robots Market was valued at USD 2.96 Billion in 2018 and is projected to reach USD 11.58 Billion by 2026, growing at a CAGR of 18.6% from 2019 to 2026.

What is Agriculture Robots?

Agriculture is a boon to our society as it fulfills our basic needs and ensures that the balance of the ecological cycle is maintained. With growing advancement in technology, the incorporation of robotics in agricultural practices has brought a revolution in the field of agriculture and has made tasks much easier for the farmers. Agriculture robots have enhanced the level of artificial intelligence and have been catering for various applications in the agro-based industry and have enhanced the status for robotics at a global level.

Agriculture Robots market newGlobal Agriculture Robots Market Outlook
With growing advancement in automation technologies, the incorporation of artificial intelligence in agriculture-based practices has boomed the Global Agriculture Robots market making it more convenient for the farmers to practice their daily tasks on the crop fields. With a rising population, the need for higher yield as well as demands for a better quality of harvest has increased lately. To overcome this problem and satisfy the rising demand for high and quality yields the concept of agriculture robotics was introduced. These factors are anticipated to boost the Global Agriculture Robots market during the forecast period.

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The global market for agriculture robots might be a revolution in terms of advanced technology, but the cost of investment abstains it from flourishing completely in the global market. The cost to invest in the agriculture robotics is high which retrains the farmers and owners of farms and crop fields from opting for the agriculture robotics. Another aspect which is responsible to abstain the farmers from opting the AgBots is lack of awareness.

Financial Performance of few Key Players:

Company Net Revenue (USD Million)
2016 2017

Deere & Company 26,644 29,738
AGCO Corporation 7,411 8,307
CNH Industrial N. V. 25,328 27,947

Global Agriculture Robots Market, Geographic Analysis

The global agricultural robots market is studied on the basis of key geographies Europe, North America, Middle East, and Africa, Asia Pacific and Latin America. North America is contributing the largest revenue share in the agriculture robots market, owing to the high presence of vendors for agriculture robots such as Harvest Automation, Inc., Clearpath Robotics, and PrecisionHawk, Inc.

The presence of larger farming land in the Asia Pacific region is anticipated to be the major driving factor for this market to grow at a rapid speed, making APAC the fastest growing region. The government in this region is also focusing on adopting various strategies to increase agricultural production in developing countries so that they can fulfill the ever growing needs of their increasing population.

Global Agriculture Robots Market, Segment Analysis

The Global Agriculture Robots market is segmented on the basis of type, application, and geography. On the basis of type, the global agricultural robots market is classified into Driverless Tractors, Automated Harvesting Machine, and Others. Based on application, the Global Agriculture Robots market is divided into Field Farming, Dairy Management, Indoor Farming, Horticulture, Others. Geographically, the global agricultural robots market is analyzed across North America, Europe, Asia Pacific, Latin America, Rest of the World. Agriculture robots market for Dairy Management is expected to grow at the highest rate between 2018 and 2026. Whereas by type, the Automated Harvesting Machine is anticipated to grow at the highest rate during the forecast period.

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Global Agriculture Robots Market, Competitive Landscape

The global agriculture robots market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Deere & Company, CNH Industrial N.V., AGCO Corporation, kubota Corporation, Valtra Oy Ab, Yanmar Co., Ltd., Carraro S.p.A., Naïo Technologies SAS, Trimble Navigation Ltd., Jacto Inc. and Guss AG.

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