Agricultural Robots Market Giants Spending is going to Boom | Agjunction, Topcon, Ageagle Aerial Systems Inc., YANMAR HOLDINGS

The growth of the global agricultural robot market is particularly driven by rising technological development, the launch of a broad range of robots designed for different agricultural processes coupled with progressive adoption of automation technology

A recent study by the strategic consulting and market research firm; Report Ocean revealed that the Global Agricultural Robots Market was worth USD 43,356.7 million in 2021 and is projected to reach up to USD 81,930.3 million by the year 2028, growing at a CAGR of 9.9% over the analysis period of 2022-2028. The growth can be attributed to the role played by the agricultural robots in tackling the societal problems surrounding the growing human populations by improving crop yields, monitoring environmental footprints, and easing a widespread labor shortage. Agricultural robots help the farmers in cloud seeding, fruit picking, weed control, harvesting, environmental monitoring, planting seeds, and soil analysis and also increase efficiency, reduce operating costs and enable the latest precision agriculture techniques. The factors mentioned above are anticipated to propel the growth of the global agricultural robots market during the forecast period.

Download Free Sample of This Strategic Report:https://reportocean.com/industry-verticals/sample-request?report_id=MR295

Market Growth Is Being Driven By High-Profit Margins And Rising Adoption Of Agricultural Robots

The continuous reduction in the amount of agricultural and harvesting lands available for crops yielding due to growing industrialization, increasing infrastructural projects, etc., are directly responsible for the food supply shortage worldwide. Hence, now farmers, milkmen and agricultural industries, etc., are fascinated by the use of agricultural robots to earn high output from the existing land and animals. Moreover, the demand for agricultural robots is also primarily determined by the reduced human efforts notably, which directly results in the labor cost reduction during agricultural functions. Moreover, the key factor which is also responsible for increasing the utilization of agricultural products in the coming years is the increasing demand for precision agriculture and agriculture robots, thus aiding the market growth during the forecast period.

Consistent Government Support Is Propelling the Global Agricultural Robots Market Forward

Rising urbanization and increasing demand for food worldwide are driving the growth of the global agricultural robots market. Moreover, various beneficial policies have been announced by governments worldwide in the form of subsidies or assistance for better production and undertaking initiatives to propagate awareness about agricultural robots among farmers. Furthermore, several established and start-up agricultural companies are investing in research and development activities to introduce an innovative range of agricultural robots in the market, which is likely to escalate the growth rate of the agricultural robots market during the forecast period.

Impact of COVID-19 On The Global Agricultural Robots Market

The rapid spread of the COVID-19 pandemic impacted the global agricultural robots market, disrupting the supply chain and impairing industries. Due to nationwide lockdowns, international border closures, and strict social distancing measures, worldwide trading activities have dropped significantly. This had a significant influence on the worldwide agricultural robot market since enterprises all over the world were compelled to either shut down completely or partially. Furthermore, in 2021, the second wave of COVID-19 upset the market in several significant markets, including the United States, India, and Brazil, among others. However, with the restoration of trade activity, the market is likely to see stable demand rise over the projection period.

The North America Region Accounted For The Largest Market Share In The Global Agricultural Robots Market

North America is the largest market for agricultural robots in terms of sales, accounting for about one-third of all sales in 2021. The United States is the world's biggest user of drones in agriculture and livestock management. Drones are employed in a variety of applications in the United States, including seeding, chemical spraying, crop monitoring, and irrigation control. In addition, milking robots have a lot of promise in the country. According to Lely, a market leader in milking robots, milking robots are used on roughly 5% of all dairy farms in the United States, and this proportion is expected to expand by 20-30% in the near future. Canada has also emerged as a promising market for milking robots and self-driving tractors. Moreover, the growing precision farming practices in Saskatchewan and Alberta are anticipated to support the sales of robot tractors and drones in Canada.

Request To Download Sample of This Strategic Report:-https://reportocean.com/industry-verticals/sample-request?report_id=MR295

Competitive Landscape

The global agricultural robots market is highly competitive, with all the players continually competing to gain a larger market share. The key players operating in the global agricultural robots market are Deere & Company, Trimble Inc., AGCO Corporation, Delaval, DJI All Rights Reserved, Boumatic, Lely, Agjunction, Topcon, Ageagle Aerial Systems Inc., YANMAR HOLDINGS Co., Ltd., Farming Revolution Gmbh, Ecorobotix Ltd, Harvest Automation, Nao Technologies, ROBOTICS PLUS, CNH Industrial, KUBOTA Corporation and other prominent players.

Market Segment:
By Type (Unmanned Aerial Vehicles, Milking Robots, Driverless Tractors, Automated Harvesting Systems, Other Robots)
By Offering (Hardware, Software, Services)
By Farming Environment (Indoor Farming, Outdoor Farming)
By Application (Field Farming, Harvest Management, Dairy, And Livestock Management, Soil Management, Irrigation Management, Weather Tracking, And Monitoring, Pruning Management, Inventory Management, Others)
By Region (North America, Europe, The Asia Pacific, Latin America, The Middle East, And Africa)

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

.................Some More Report..............

North America Food Safety Testing Market: https://www.barchart.com/story/news/13513264/north-america-food-safety-testing-market-size-upcoming-innovations-companies-and-forecast-2022-2030

Europe Food Safety Testing Market: https://www.barchart.com/story/news/13513262/europe-food-safety-testing-market-size-incredible-possibilities-growth-analysis-swot-evaluation-2022-2030

Asia Pacific Food Safety Testing Market: https://www.barchart.com/story/news/13513260/asia-pacific-food-safety-testing-market-size-2022-share-analysis-by-regional-segment-2030

Global Organic Coffee Market:
https://www.barchart.com/story/news/13513258/global-organic-coffee-market-size-expected-to-expand-at-a-steady-cagr-2022-2030

North America Organic Coffee Market: https://www.barchart.com/story/news/13513256/north-america-organic-coffee-market-size-trend-competitive-landscape-and-forecasts-to-2030

Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=MR295

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website:https://www.reportocean.com

This release was published on openPR.