Market Insights - Industry Research Report

Agricultural Robots Market

Agricultural Robots Market Size, Share, Growth & Trends Analysis Report By Application (Milking, Planting & Seeding Management), By Type (Driverless Tractors, UAVs), By Offering (Software, Hardware), and By Region – Global and Regional Industry Overview, Market Intelligence, Premium Insights, Historical Data, and Forecasts 2023 – 2032

The Global Agricultural Robots Market Size Is Worth USD 13.82 Billion In 2023 And Is Estimated To Grow To USD 72.94 Billion By 2032, With A CAGR Of Approximately 20.3% Over The Forecast Period From 2023 To 2032.

Market Insights and Growth

The Agricultural Robots Market Report for the period 2023-2032 provides a comprehensive analysis of the industry’s dynamics. Understanding these dynamics is crucial for stakeholders looking to navigate the agricultural robots market effectively.

Market Dynamics

Driver: Agricultural robots are being driven by the need for increased efficiency and productivity in agriculture. Farmers are increasingly turning to automation to optimize planting, spraying, harvesting, and livestock management. The continuous development of robotics, artificial intelligence, and automation technologies has significantly enhanced the capabilities of these robots. This technological progress is a major driver of market growth.

Restraint: One of the key challenges faced by the agricultural robots market is the disruption caused by the COVID-19 pandemic. Supply chain disruptions and delays in production and deployment were significant setbacks initially. The global lockdowns affected manufacturing facilities and logistics operations of robotics companies. However, the industry adapted and found opportunities amid the challenges.

Opportunity: The pandemic underscored the importance of automation in agriculture. As labor shortages and social distancing measures made manual labor more challenging, the demand for agricultural robots surged. This created opportunities for companies to innovate and cater to the growing need for automation in farming. It’s expected that this trend will continue to drive growth in the market.

Impact of COVID-19: The COVID-19 pandemic had a profound impact on the agricultural robots market. Initially, supply chain disruptions caused production and deployment delays due to global lockdowns. However, as the pandemic evolved, the significance of automation in agriculture became increasingly evident. This realization accelerated the adoption of agricultural robots, making them a vital part of the industry’s future.

Segmentation Insights

Application Insights: The market is segmented into various applications, with planting and seeding management showing the highest expected CAGR of 23.6% during the forecast period. Technological advancements have played a pivotal role in driving growth in this segment. Continuous development in robotics, AI, and automation technologies has made agricultural robots more capable and efficient.

Offering Insights: The market is divided into hardware, software, and services, with hardware holding the largest revenue share (54.8%) in 2022. Hardware serves as the foundation of agricultural robots, encompassing physical components and machinery such as motors and batteries, enabling them to perform tasks in agricultural settings.

Type Insights: The industry includes driverless tractors, unmanned aerial vehicles (UAVs), dairy robots, and material management robots. Dairy robots dominated the market with a revenue share of 38.3% in 2022. The increasing number of dairy farmers globally, driven by rising consumer demand for dairy products, has spurred the need for efficient and labor-saving solutions in the dairy sector.

Geography Insights: North America played a significant role in the market in 2022, holding a share of around 36.2%. This region’s vast farmland is a driving factor, with typical farm sizes increasing slightly year by year. For instance, data from the United States Agriculture Department in February 2022 indicated that the typical farm size for 2021 was 445 acres, a slight increase from the previous year. This underscores the importance of North America in the agricultural robots market.

Key Companies & Market Share Insights

Some of the key players in the global Agricultural Robots market include:

      1. AGCO Corporation
      2. Autonomous Solutions, Inc.
      3. BouMatic
      4. CNH Industrial N.V.
      5. CLAAS KGaA mbH
      6. GEA Group
      7. Harvest Automation, Inc.
      8. Trimble, Inc.
Agricultural Robots Market Report Scope
Report Attribute Details
Market size value in 2023 USD 13.82 Billion
Revenue Forecast in 2032 USD 72.94 Billion
Growth rate CAGR of 20.3% from 2023 to 2030
Base Year for Estimation 2022
Historical data 2018 – 2022
Forecast period 2023 – 2032
Quantitative units Revenue in USD million/billion and CAGR from 2023 to 2032
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered Type, application, region
Regional Scope North America; Europe; Asia Pacific; Latin America; MEA
Country Scope U.S.; Canada; Germany; UK; France; Italy; Spain; Denmark; Sweden; Norway; China; Japan; India; Australia; South Korea; Thailand; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait
Key Companies Profiled AGCO Corporation, Autonomous Solutions, Inc., BouMatic, CNH Industrial N.V., CLAAS KGaA mbH, GEA Group, Harvest Automation, Inc., Trimble, Inc.

Global Agricultural Robots Market Report Segmentation:

Application Outlook (Revenue, USD Million, 2017 – 2030)

        • Planting & Seeding Management
        • Spraying Management
        • Milking
        • Monitoring & Surveillance
        • Harvest Management
        • Livestock Monitoring
        • Others

Type Outlook (Revenue, USD Million, 2017 – 2030)

        • Driverless Tractors
        • UAVs
        • Dairy Robots
        • Material Management

Offering Outlook (Revenue, USD Million, 2017 – 2030)

  • Hardware
  • Software
  • Service

Regional Outlook (Revenue, USD Million, 2018 – 2030)

North America

  • United States
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway

Asia Pacific

  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Thailand

Latin America

  • Brazil
  • Mexico
  • Argentina

Middle East & Africa

  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

Accessing the comprehensive insights from the ‘Agricultural Robots Market’ report can be instrumental in the following ways:

  • Enabling informed decision-making regarding investments, partnerships, and product development.
  • Identifying your competitors’ positioning to maintain a competitive edge in the Agricultural Robots market.
  • Recognizing promising areas, growth trends, segments, and markets for expanding your product portfolio or making successful investments.
  • Anticipating anticipated changes in demand and fine-tuning your business development strategies.
  • Identifying potential areas susceptible to disruption.

What sets our ‘Agricultural Robots Market’ report apart from others in the market?

  • The Agricultural Robots market report provides in-depth market sizing and forecasts at a segment level for over 20 countries, including historical and forecast analysis spanning from 2023 to 2032 for thorough market assessment.
  • Detailed segmentation by Product Types by value.
  • Detailed segmentation by Application by value.
  • Detailed segmentation by end-user.
  • Extensive value chain analysis aiding businesses in enhancing efficiency, reducing costs, and bolstering competitive advantage.
  • Coverage of technology and regulatory trends, along with an exploration of challenging factors impacting the Agricultural Robots market.
  • Inclusion of a growth innovation matrix categorizing companies as flagbearers, contenders, specialists, and experimenters, offering insights into their volume growth and R&D efforts.
  • Competitive profiling and benchmarking of key market players, providing an in-depth understanding of industry competition

Reasons to consider purchasing this Agricultural Robots market report:

  • This market intelligence report delivers a comprehensive forward-looking analysis of the global Agricultural Robots market, presenting key opportunities in a concise format to assist executives in formulating proactive and profitable growth strategies.
  • In conjunction with Beyond Market Insights Forecast products, the report delves into assumptions, drivers, deals, strategic initiatives, and trend analysis within the Agricultural Robots market.
  • Detailed segmentation by Product Tupe by value.
  • In-depth segmentation by Application by value.
  • Comprehensive segmentation by end-user.
  • The report features over 100 charts that provide a deep analysis of market size, forecasts, and supporting factors, tailored for an executive-level audience with enhanced presentation quality.
  • It offers a readily digestible market assessment for decision-makers, drawing on in-depth insights from local market players to swiftly acquaint executives with current and emerging trends in the Agricultural Robots market.
  • The competitive section of the report assists in identifying market leaders, experimenters, contenders, and specialists based on their growth and innovation performance in the Agricultural Robots market, aiding stakeholders in analyzing competitive penetration.

Frequently Asked Questions

The global Agricultural Robots market is anticipated to experience a compound annual growth rate (CAGR) of 20.3% from 2023 to 2030, reaching a valuation of USD 72.94 Billion by 2032.
Some of the pivotal players in this market include AGCO Corporation, Autonomous Solutions, Inc., BouMatic, CNH Industrial N.V., CLAAS KGaA mbH, GEA Group, Harvest Automation, Inc., Trimble, Inc..
The Agricultural Robots market is estimated to be USD 13.82 Billion in 2023.

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