Press release
COVID-19 Impact on Agricultural Robots Market 2023 Smart Strategies of the Research and Development Process
The global agricultural robots market was valued at $2,927 million in 2016 and is expected to reach $11,050 million by 2023, registering a CAGR of 21% from 2017 to 2023.
The report offers key drivers that propel the growth in the global agricultural robots market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
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Growth in population, high requirement for food, rise in popularity of indoor farming, common climate variations, and surge in adoption of automation technology are expected to drive the global agricultural robots market during the forecast period.
KEY FINDINGS OF AGRICULTURAL ROBOTS MARKET STUDY
• The dairy management application accounted for a market share of 29.13% in 2016, and is expected to exhibit a CAGR of 22.1% during the forecast period.
• Among the type segment, the driverless tractors are expected to witness the highest CAGR as compared to other types.
• North America was the highest revenue contributor with around 37.04% share in 2016, and is projected to reach $3,602 million by 2023, growing at a CAGR of 18.8%.
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The research offers an extensive analysis of key players active in the global agricultural robots industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include DeLaval, GEA Group, Autonomous Tractor Corporation, AGCO, Lely, Autonomous Solutions Inc., Harvest Automation, John Deere, Clearpath Robotics, and Deepfield Robotics.
These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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