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Global agricultural robots market is projected to grow at CAGR of 14.80% during the 2019-2024 period
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By type, milking robots segment is showing an impressive year-on-year increase, and this trend is expected to continue over our forecast period.
By type, milking robots segment of agricultural robots market is estimated to account significant market share and is expected to grow rapidly during the forecast period on account of increasing milk consumption and rising investment in the dairy industry across the globe. In addition, there is increasing pressure for automation for routine milking tasks in order to make the whole process more productive.
North America is expected to account for a significant share in the market.
North America agricultural robots market is estimated to have a significant share in terms of both value and volume in the global market, and the region is further anticipated to grow during the forecast period on account of early adoption of technology in the region. In addition, high disposable income and increasing government support for automation in various sector couple with growing agriculture infrastructure in the region also drive the growth of the market during the forecast period.
Some of the major industry players profiled as part of the report are Vision Robotics Corporation, Harvest Automation, AG Eagle LLC, Lely Holding, Boumatic Robotics, IBM, Trimble and Agribotix LLC, among others.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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