Progressive Markets published a report, Agricultural Robots Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025. As per the report, the agricultural robots market was valued at $1,994 million in 2014 and is likely to garner $15,341 million by 2025, growing at a CAGR of 20.95% during the forecast period from 2018 to 2025.
Agricultural robots are robots that are used for agricultural work. Built using automation, they help carry out complex tasks easily. Such automated farming method also fosters greater precision, accuracy, and efficiency in work. Agricultural robots perform numerous agricultural tasks such as spraying and weed control, ploughing, planting seeds, harvesting, watching the farms all day, fruit picking, milking, and much more. Applying automation in agriculture help save much resources, money, and time. Some of the types of robots used in agriculture include Demeter, driverless tractor, forester robot, and fruit picking robot.
Market Drivers and Restraints:
Agricultural robots are gaining ground owing to the growing demand for food production, growing popularity of indoor farming, and the rise in adoption of automation technology. Moreover, adoption of telematics sensors provides opportunities for growth of the market. On the other hand, limited awareness of agricultural robots among farmers and inability to match the human dexterity act as impediments to the growth of the industry.
The report analyzes the agricultural robots market based on its segmentation. The market is segmented by type, application, and geography. Based on the type, the market is classified as driverless tractors, unmanned aerial vehicles (UAV), milking robots, automated harvest robots, material management, and others. By application, the industry is segmented into dairy management, irrigation management, harvest management, soil management, inventory management, and others. Based on geography, the agricultural robots market is divided into North America, Europe, Asia-Pacific, and LAMEA. The market analysis in North America covers the U.S., Canada, and Mexico. The market analysis in Europe covers UK, Germany, France, Italy, and the rest of Europe. The study in the Asia-Pacific region covers China, Japan, India, and the rest of Asia-Pacific. In LAMEA, the market study covers Latin America, Middle East, and Africa.
Key Industry Players:
The report provides a detailed analysis of the key players operating in the agricultural robots industry. The key players include DeLaval, GEA Group, Autonomous Tractor Corporation, AGCO, Lely, Autonomous Solutions Inc., Harvest Automation, John Deere, Clearpath Robotics, and Deepfield Robotics.
Key Benefits from the Report:
The agricultural robots market report provides a comprehensive review of the overall industry. It includes the agricultural robots market size, agricultural robots market share analysis, agricultural robots market trends, market dynamics, agricultural robots market outlook, key market segments, Porters analysis, and key market players. Primary and secondary research methodologies have been adopted to gather and validate the information in the report. The agricultural robots industry statistics and graphs further support the data in the report. Analysis of the agricultural robots market forecast is provided by studying the current and past market trends. The market size helps market players, shareholders, and new entrants in strategic market planning. The market share helps analyze how the players in the industry are performing as compared to their competitors. The Porters Five Forces Analysis includes the five forces that help determine the level of competition within the agricultural robots industry. It includes the bargaining power of buyers and suppliers, threat of new entrants, threat from substitutes, and industry rivalry. The market dynamics help understand the influential factors that make the market rise or fall. The agricultural robots market analysis report includes the historic market size from 2014 - 2017 for every segment and region provided in the report. The study also includes details about the key industry players operating in the market. Such information assists players, new entrants, and investors gain insights into the overall competitive environment and plan their business ventures accordingly. The market studied across several regions helps in identifying the opportunities in the industry.