Press release
Agriculture Robots Market size, share, industry size, development by 2024-Top Key Players Clearpath robotics, Autonomous solution, Wageningen ur, Agritronics, Kinze, manufacturing, Harvest Automation, ISO Group, Helper Robotech, Blue river Technologies an
The global agriculture robots market is divided into product such driverless tractors, milking robots, potato sorting system, unmanned aerial vehicles and others. Among these segments, driverless tractors segment is predicted to occupy the highest position in agriculture robots market throughout the forecast period. Further, the driverless tractor is expected to look at a growth rate of 1.8x over the forecast period.
Global agriculture robots market is expected to flourish at a CAGR of 21.1% over the forecast period. Moreover, the global agriculture robots market is anticipated to showcase noteworthy revenue of USD 16.2 Billion by the end of 2024. Increasing utilization of robotic farming in cultivable land is project to hamper the expansion of agriculture robots market during the forecast period.
In 2016, North America region is dominating the global agriculture robots market and has captured highest share among all regions. Agriculture robots market in North America region stood at a valuation of USD 225.5 Million in 2016. Further, North-America region is expected to continue its dominance over the forecast period on the account of the adoption of advanced robotics in agriculture sector.
Europe stood second in terms of share and is expected to witness strong growth over the forecast period. availability and increasing adoption of latest technique of cultivation is projected to witness the expansion of the agriculture robots market in the Europe region.
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Expansion of Agriculture robot Market
Rising demand for new and advanced technology for the inexperienced farming across the globe is fuelling the expansion of agriculture robots market. Moreover, rising adoption of agriculture robots in agriculture sector has improved the standard and amount of production of grains, vegetables and fruits. Involvement of agriculture robots in agriculture sector has reduced the human intervention further as human errors. Considering above factors, global agriculture robots market is expected to witness a robust growth in near future.
Government regulations and Legislations
Government is encouraging the robotics machines like driverless tractors, milking robots, potato sorting system, unmanned aerial vehicles and others for arable land for safety measures and taking active participation for investment purpose is driving the demand for agriculture robots market. Decreasing farmable land and ability of agriculture robots to produce satisfactory quantity of grains, vegetables and fruits are some major drivers to the growth of global agriculture robots market.
In distinction, high price of agriculture golems could be a major challenge that is predicted to restrain the expansion of global agriculture robot over the forecast amount. apart from this, lack of knowledge about operation of agriculture robots among formers is likely to restrain the expansion of agriculture robots market in close to future.
The report titled “Agriculture Robots Market: world Demand Analysis & opportunity Outlook 2024 ” delivers detailed summary of the global agriculture robots market in terms of market segmentation by product, by application and by region.
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Further, for the in-depth analysis, the report encompasses the business growth drivers, restraints, offer and demand risk, market attractiveness, bits per second analysis and Porter’s 5 force model.
This report additionally provides the present competitive scenario of some of the key players of the global agriculture robots market which includes company profiling of Clearpath robotics, Autonomous solution, Wageningen ur, Agritronics, Kinze, manufacturing, Harvest Automation, ISO Group, Helper Robotech, Blue river Technologies, Vision robotics and various other key players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global agriculture robots market that will help business consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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