[PDF] Autonomous Farm Equipment Market Size And Latest Trends & Advancement From 2021-2028 | Claas KGaA GmbH, Kubota Corporation, Yanmar Co. Ltd., Iseki & Co., AGCO Corporation, John Deere

Overview:

Autonomous farm equipment is used on a farm, whether it is for basic day-to-day tasks or more specialized tasks like irrigation or digging for crops. Agricultural machinery refers to the more mechanical devices and structures used on a farm or other agriculture to make things easier and less physically taxing. There are several different kinds of such equipment, including tractors and other more specialized power tools to name a few.

These days, a lot of farmers have discovered the many benefits that these autonomous farm equipment can bring, which is why the market has expanded so much over the years. Not only can users find various farm equipment, but they can also find a lot of different attachments that can be added to the already existing machinery, making it even better and more efficient. These kinds of additions can range from extra seating areas, a cooler to a few other different kinds of attachments or parts. Some of the most popular pieces of equipment users will find today are the tillage machines, which allow the farmer to be able to plow and weed his field.

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The global autonomous farm equipment market focuses on six regions, such as North America, Europe, South America, Asia Pacific, the Middle East, and Africa.

Drivers:

The increasing agricultural processes in the world, especially in developing nations is the main factor that is expected to fuel the growth of the global autonomous farm equipment. For instance, according to the Indian Agricultural Research Institute, the total amount of arable land in India is around 159.7 million hectares. Moreover, various technological advancements in the agricultural sector are expected to create propulsion in the global autonomous farm equipment market.

Restraints:

The cost of high-quality farming equipment is expected to hinder the growth of the global autonomous farm equipment market.

Regional Insights:

The Asia Pacific is expected to hold a major share of the global autonomous farm equipment market, owing to the increasing agricultural activities in the developing nations of the region. For instance, according to the UN Food and Agriculture Organization, the total arable land of China represents more than 10% of the total agricultural land (around 1.4 million square kilometers) in the world and supports more than 20% of the total world population.

North America is expected to witness significant growth in the global autonomous farm equipment market owing to the increased investment in the agricultural sector. Moreover, the increasing population in the region is requiring more food options, which in turn is expected to aid the growth of the global autonomous farm equipment market.

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Competitive Section:

Key players operating in the global autonomous farm equipment market include Bobcat (a Doosan company), Claas KGaA GmbH, Kubota Corporation, Yanmar Co. Ltd., Iseki & Co., AGCO Corporation, John Deere, Deutz Fahr & Same (SDF Group), and CNH Global NV.

In June 2021, Mahindra & Mahindra Farm Equipment launched a new range of rice transplanters in the Telangana region of India.

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