Press release
Agriculture Robots Market trends, Top Companies, Share, Growth And Forecast 2033
Agriculture Robots Market
The Business Research Company presents an extensive market research report on the Agriculture Robots Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The agriculture robots market size has grown exponentially in recent years. It will grow from $6.71 billion in 2023 to $8.37 billion in 2024 at a compound annual growth rate (CAGR) of 24.7%. The growth in the historic period can be attributed to labor shortages, precision agriculture adoption, rising labor costs, demand for higher yields, government subsidies and incentives.
The agriculture robots market size is expected to see exponential growth in the next few years. It will grow to $19.45 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to robotics-as-a-service (raas), sustainability mandates, global population growth, environmental monitoring, urban agriculture focus. Major trends in the forecast period include robotics in autonomous tractors, robots for weeding operations, modular and customizable robotics, robotic soil management, robotic harvesting solutions.
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Key Market Players:
Major companies operating in the agriculture robots market report 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 LLC, Harvest Automation Inc., Topcon Positioning Systems Inc., GEA Group AG, Ag Leader Technology, Deepfield Robotics, Autonomous Tractor Corporation, Clearpath Robotics Inc., Agrobot, Naïo Technologies, PrecisionHawk Inc., CNH Industrial NV, Harvest CROO Robotics LLC, Robotics Plus Limited, Ecorobotix SA, AutoCopter Corp., Autonomous Solutions Inc., Kubota Corporation, DroneDeploy Inc., FFRobotics Ltd., Fullwood Packo, Octinion BV, Dot Technology Corp., SwarmFarm Robotics, Fendt, Robotina, Soft Robotics Inc.
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 May 2023, according to Formstack, a US-based software company, 76% of organizations use automation to automate their daily workflows, automating data and reporting for planning purposes is used by 58%, and compliance with regulations is used by 36% of firms. Therefore, an increase in the adoption of automation technology is driving the growth of the agriculture robots market.
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https://www.thebusinessresearchcompany.com/report/agriculture-robots-global-market-report
The agriculture robots market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Type: Milking Robots, UAVs or Drones, Automated Harvesting Systems, Driverless Tractors, Other Types
3) By Farm Produce: Fruits and Vegetables, Field Crops, Dairy and Livestock, Other Fram Produces
4) By Farming Environment: Indoor, Outdoor
5) By Application: Harvest Management, Field Farming, Dairy and Livestock Management, Soil and Irrigation Management, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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