Autonomous Farm Equipment Market 2021 Value with Status and Global Analysis - Deutz Fahr, AGCO Corporation, John Deere, Case IH, Agrobot

The Autonomous Farm Equipment Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global autonomous farm equipment market is expected grow from $62.31 billion in 2020 to $74.03 billion in 2021 at a compound annual growth rate (CAGR) of 18.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $127.3 billion in 2025 at a CAGR of 15%.

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Top Leading Companies of Autonomous Farm Equipment Market are Claas KGaA GmbH, Deutz Fahr, AGCO Corporation, John Deere, Case IH, Agrobot, Autonomous Tractor Corporation, Yanmar, Iseki & Co., Kubota, Bobcat, Agribotix, Agricultural Solutions Ltd, Harvest Automation, Mahindra, Energid, Autonomous Solutions, Agritroni and others.

Market Overview:

The autonomous farm equipment market consists of sales of autonomous farm equipment and related services for agriculture, horticulture, animal husbandry, and forestry. Within a unified framework, autonomous farming is the modeling and regulation of agricultural machinery. These farming technologies use the on-farm sensing and control power of automated farming equipment to reach agronomy-based targets.

The increasing use of autonomous tractors is a key factor driving the growth of the autonomous farm equipment market. Autonomous tractors use a number of sophisticated systems and sensors which would possess an effective self-driving vehicle, and by incorporating these advanced systems in run-of-the-mill farming, farmers will experience positive technological effect in the workplace. Alternatively, autonomous tractors can be set up to function as mobile hotspots to collect data from sensors in the field. Also, about 34.5% of the global demand for autonomous farm machinery will retain 31-100 HP output capacity of farm tractors in 2026. Therefore, the demand for autonomous tractors is expected to drive the growth of the autonomous farm equipment market.

Regional Outlook of Autonomous Farm Equipment Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Autonomous Farm Equipment Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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