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Agriculture Robots Market Outlook, Key Trends, Tremendous Growth, Future Developments And Business Forecast 2032 || Deere & Company, SZ DJI Technology Co Ltd., AGCO Corporation, DeLaval, Trimble Inc
Agriculture Robots Market
Agriculture Robots Market Size, Growth Rate, And Forecast
The global agriculture robots market size is expected to grow from $5.39 billion in 2022 to $6.69 billion in 2023 at a compound annual growth rate (CAGR) of 24.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global agriculture robots market size is expected to grow to $15.64 billion in 2027 at a CAGR of 23.6%.
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Agriculture Robots Market Drivers
The increase in the adoption of automation technology is driving the growth of the agriculture robots market going forward. Automation refers to a technology that enables processes to occur with less intervention from humans using programmed commands and automatic feedback to ensure proper execution of the instructions. In agriculture, automation technology is used to build more efficient technology for farm management and carrying out day-to-day agriculture tasks to improve the production of crops and livestock. Whereas, automation in dairy farms is used to improve profitability, animal health, lifestyle, and milk quality by using robots in milking tasks, monitoring cattle health, performing labor-intensive tasks such as feeding, and others. For instance, in 2020, according to Dairy Global, a Netherlands-based dairy magazine, approximately 18,833 dairy farms were equipped with automatic milking systems (AMS) for milking cows which equals 31% of total dairy farms in the Nordic countries in 2020. Therefore, an increase in the adoption of automation technology is driving the growth of the agriculture robots market.
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Agriculture Robots Market Segments
• By Type: Milking Robots, UAVs or Drones, Automated Harvesting Systems, Driverless Tractors, Other Types
• By Offering: Hardware, Software, Services
• By Farm Produce: Fruits and Vegetables, Field Crops, Dairy and Livestock, Other Farm Produces
• By Farming Environment: Indoor, Outdoor
• By Application: Harvest Management, Field Farming, Dairy and Livestock Management, Soil and Irrigation Management, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the agriculture robots market.
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Agriculture Robots Market Key Players
Major competitors in the agriculture robots market are Deere & Company, SZ DJI Technology Co Ltd., AGCO Corporation, DeLaval, Trimble Inc., BouMatic Robotics BV, Lely Industries NV, AgJunction Inc., AgEagle Aerial Systems Inc., Yanmar Co Ltd., Agribotix, Harvest Automation Inc., Topcon Positioning Systems Inc.
The Business Research Company's "Global Agriculture Robots Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Agriculture Robots Market Include:
1. Executive Summary
2. Agriculture Robots Market Characteristics
3. Agriculture Robots Market Trends And Strategies
4. Agriculture Robots Market - Macro Economic Scenario
5. Agriculture Robots Market Size And Growth
………………
27. Agriculture Robots Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agriculture Robots Market
29. Agriculture Robots Market Future Outlook and Potential Analysis
30. Appendix
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