Agriculture Robots Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company’s Agriculture Robots Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
— The Business Research company
LONDON, GREATER LONDON, UNITED KINGDOM, October 18, 2024 /EINPresswire.com/ — The agriculture robots market has experienced robust growth in recent years, expanding 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.
What Is The Estimated Market Size Of The Global Agriculture Robots Market And Its Annual Growth Rate?
The agriculture robots market is projected to continue its strong growth, reaching $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.
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Growth Driver Of The Agriculture Robots Market
The rising labor costs are expected to propel the growth of the agriculture robots market going forward. Labor costs refer to labor expenses or wage costs, which represent the total expenditures incurred by an organization in compensating its workforce for their contributions. Agriculture robots are used to reduce labor costs by automating repetitive tasks such as planting, weeding, and harvesting, with high precision and efficiency and reduces the reliance on manual labor.
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Which Market Players Are Driving The Agriculture Robots Market Growth?
Key players in the market include 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.
What Are The Emerging Trends Shaping The Agriculture Robots Market Size?
Major companies operating in the agriculture robots are innovating new technology, such as the Solix to provide reliable services to customers. Solix is an autonomous crop monitoring robot that works plant-by-plant to balance efficiency and productivity. and intended to give real-time insights into the fields.
How Is The Global Agriculture Robots Market 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
Geographical Insights: North America Leading The Agriculture Robots Market
North America was the largest region in the agriculture robots market in 2023. Europe is expected to be the fastest-growing region in the global agriculture robots market during the forecast period. The regions covered in the agriculture robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Agriculture Robots Market Definition
Agriculture robots refer to robotic systems that enhance agricultural processes by taking on many of the labor-intensive or slow tasks performed by farmers in agriculture operations and making them easier, quicker, and more productive
Agriculture Robots Global Market Report 2024 from The Business Research Company covers the following information:
•Market size data for the forecast period: Historical and Future
•Macroeconomic factors affecting the market in the short and long run
•Analysis of the macro and micro economic factors that have affected the market in the past five years
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global agriculture robots market report covering trends, opportunities, strategies, and more
The Agriculture Robots Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on agriculture robots market size, agriculture robots market drivers and trends and agriculture robots market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Article originally published on www.einpresswire.com as Global Agriculture Robots Market Size, Share, And Growth Analysis For 2024-2033
