Fortune Business Insights has recently published a comprehensive market research report titled "The Agricultural Robots Market Report 2024." This report provides valuable insights and a competitive edge to clients through its detailed analysis. It explores various aspects of market segmentation and definition, helping to clarify key market components and drivers.
The report, titled "Agricultural Robots Market Size, Share & Industry Trends Analysis, By Product Type (UAVs/Drones, Livestock Farming Robots, Robotic Tractors, Automated Cultivation Systems), By Application (Farm Production, Dairy and Livestock, and Specialty Crops), and Regional Forecast, 2023-2030," provides a complete overview of the market.
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In 2022, the global agricultural robots market was valued at USD 6.22 billion, and it is projected to grow from USD 6.72 billion in 2023 to USD 17.29 billion by 2030, reflecting a CAGR of 14.5% over the forecast period. North America dominated the industry, accounting for 38.58% of the market in 2022.
The competitive landscape is shaped by key players, who are analyzed based on their production capacity, utilization rates, pricing, and global revenue contributions in the agricultural robots market.
Top Key Players in the Agricultural Robots Market:
- Deere & Co. (U.S)
- DJI (China)
- CNH Industrial (U.K.)
- AGCO Corporation (U.S.)
- DeLaval (Sweden)
- YANMAR HOLDINGS CO., LTD (Japan)
- Lely (Netherlands)
- BouMatic Robotics (Canada)
- AgEagle Aerial Systems Inc (U.S.)
- Robert Bosch GmbH (Germany)
- Naïo Technologies (France)
Market Overview:
- Forecast Period: 2022-2030
- Market Value in 2022: USD 6.22 billion
- Projected Market Value in 2030: USD 17.29 billion
- CAGR: 14.5%
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Market Drivers:
- Rising Labor Costs: The increasing costs of agricultural labor are driving the adoption of robots, which offer automated solutions for tasks like planting, harvesting, and crop monitoring.
- Technological Advancements: Innovations in robotics, artificial intelligence, and machine learning are enhancing the precision, adaptability, and efficiency of agricultural robots.
- Need for Improved Crop Yields: The growing demand for higher crop yields and agricultural productivity is boosting the use of robots for optimizing planting, harvesting, and crop management processes.
Market Restraints:
- High Initial Costs: The upfront investment required for purchasing and integrating agricultural robots poses a challenge, especially for smaller farming operations.
- Maintenance and Operational Complexity: The ongoing maintenance and complexity of operating agricultural robots can increase costs and require specialized training.
Regional Breakdown:
- North America: U.S., Canada, Mexico
- Europe: U.K., Germany, Italy, France, Spain, BENELUX
- Asia-Pacific: China, India, Japan, South Korea, Rest of Asia-Pacific
- Middle East & Africa: GCC Countries, South Africa, Turkey, North Africa
- South America: Brazil, Argentina, Rest of South America
Table of Contents Overview:
- Introduction
- Research Scope and Methodology
- Market Segmentation
- Market Dynamics
- Key Insights and Industry Developments
- Technological Advancements
- Porter’s Five Forces Analysis
- SWOT Analysis
- Value Chain Analysis
- And more...
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Key Industry Developments:
- Chipotle Mexican Grill announced an investment in Greenfield Robotics, expanding the global footprint of agricultural robots.
- DJI introduced new drone models designed for agricultural uses such as spraying and seeding.
- Robotics Plus from New Zealand launched "Prospr," a multi-purpose autonomous robot for harvesting in orchards and vineyards.
- XAG launched an agricultural drone in Vietnam with a 50 kg payload capacity.
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Key Questions Answered in This Report:
- What will be the market size of the agricultural robots market by 2024?
- Who are the leading players in the industry?
- What are the main drivers influencing the agricultural robots market?
- What are the future projections for the industry?
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