New Delhi, March 21, 2022 (GLOBE NEWSWIRE) — The growth of the global agricultural robot market is particularly driven by the increasing technological development, the introduction of a wide range of robots designed for various agricultural processes and the progressive adoption of automation technology…
A recent study by the strategic consulting and market research company; BlueWeave Consulting revealed that the Global Agricultural robot market was worth USD 43,356.7 million in 2021 and is expected to grow to USD 81,930.3 million by 2028, representing a CAGR of 9.9% over the analysis period 2022-2028. The growth can be attributed to the role that agricultural robots are playing in addressing the societal issues related to the growing human population by improving crop yields, monitoring the ecological footprint and alleviating a widespread labor shortage. Farming robots help farmers with cloud seeding, fruit picking, weed control, harvesting, environmental monitoring, seed planting and soil analysis, increasing efficiency, reducing operating costs and enabling the latest precision farming techniques. The above factors are expected to propel the growth of the global agricultural robot market during the forecast period.
Market growth is driven by high profit margins and increasing adoption of agricultural robots
The continuous reduction in the arable and harvesting areas available for cultivation due to increasing industrialization, increasing infrastructure projects, etc. are directly responsible for the global food shortage. Hence, now farmers, milkmen and agricultural industries etc. are fascinated by using agricultural robots to get high output from existing land and animals. In addition, the demand for agricultural robots is also primarily determined by the reduced human effort, which directly leads to a reduction in labor costs during agricultural functions. Furthermore, the key factor which is also responsible for increasing the utilization of agricultural products in the coming years is the increasing demand for precision farming and farming robots, thereby supporting the market growth over the forecast period.
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Consistent government support is driving the global agricultural robot market
Increasing urbanization and increasing demand for food around the world are driving the growth of the global agricultural robot market. In addition, governments worldwide have announced various beneficial measures in the form of subsidies or support for better production and initiatives to raise farmer awareness of agricultural robots. For example, the European Union has funded projects like GRAPE and MARS to replace labor-intensive tasks with advanced automated technologies. In addition, several established and newly established agricultural companies are investing in R&D activities to launch an innovative line of agricultural robots that are likely to boost the growth rate of agricultural robots market over the forecast period.
Impact of COVID-19 on the global agricultural robot market
The rapid spread of COVID-19 pandemic impacted the global agricultural robot market, disrupting the supply chain and affecting industries. Global trade activity has declined significantly due to nationwide lockdowns, international border closures and strict social distancing measures. This had a significant impact on the global agricultural robot market as companies across the world were forced to either fully or partially close. Additionally, in 2021, the second wave of COVID-19 shook the market in several key markets including the United States, India, and Brazil, among others. However, as trading activity resumes, the market is likely to see a stable increase in demand over the projection horizon.
For more information, read the Agricultural Robots Market press release: https://www.blueweaveconsulting.com/press-release/agricultural-robots-market-to-surpass-81-billion-by-2028
The North America region accounted for the largest market share in the global agricultural robot market
North America is the top-selling market for agricultural robots, accounting for about a third of all sales in 2021. The United States is the world’s largest user of drones in agriculture and livestock. Drones are used in a variety of applications in the United States, including seeding, chemical spraying, crop monitoring, and irrigation control. In addition, milking robots show promise in the country. According to Lely, a market leader in milking robots, milking robots are used on approximately 5% of all dairy farms in the United States and this proportion is expected to increase by 20-30% in the near future. Canada has also emerged as a promising market for milking robots and self-propelled tractors. Additionally, growing precision farming practices in Saskatchewan and Alberta are expected to support sales of robotic tractors and drones in Canada.
The global Agricultural Robots Market is highly competitive and all the players are constantly competing to grab a larger market share. The major players in the global Agricultural Robots Market are Deere & Company, Trimble Inc., AGCO Corporation, Delaval, DJI All Rights Reserved, Boumatic, Lely, Agjunction, Topcon, Ageagle Aerial Systems Inc., YANMAR HOLDINGS Co., Ltd. , Farming Revolution Gmbh, Ecorobotix Ltd, Harvest Automation, Naïo Technologies, ROBOTICS PLUS, CNH Industrial, KUBOTA Corporation and other prominent players.
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The in-depth analysis of the report provides information about the growth potential, upcoming trends and global Agricultural Robots market statistics. It also highlights the factors driving overall market size forecasts. The report promises to provide the latest technology trends in the global Agricultural Robots market as well as industry insights to help decision makers make informed strategic decisions. In addition, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
The latest development
- July 2021: AGCO Corporation piloted its Precision Ag Line (PAL) program. It is a tool to streamline support services for agricultural customers using AGCO solutions with mixed fleet operations.
- November 2020: John Deere has launched a new precision farming application, AutoPath. It is used to help growers more accurately document and track each crop row throughout the season.
Scope of the report:
|years taken into account||Historical data – 2018-2021|
|Base year – 2021|
|Forecast – 2022 – 2028|
|facts covered||Revenue in million USD|
|market coverage||United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa|
|Product/Service Segmentation||By type, by offer, by application, by agricultural environment, by region|
|key figures||The major players in the global Agricultural Robots Market are Trimble Inc., AGCO Corporation, Deere & Company, Delaval, DJI All Rights Reserved, Boumatic, Lely, Agjunction, Topcon, Ageagle Aerial Systems Inc., Ecorobotix Ltd, Harvest Automation, YANMAR HOLDINGS Co., Ltd., Farming Revolution Gmbh, Naïo Technologies, ROBOTICS PLUS, CNH Industrial, KUBOTA Corporation and other prominent players.|
- Unmanned Aircraft
- milking robot
- Driverless tractors
- Automated harvesting systems
- Other robots
- crop management
- field economy
- Dairy and livestock farming
- soil management
- irrigation management
- circumcision management
- Weather tracking and monitoring
- inventory management
By framing environment
- indoor farming
- Outdoor Farming
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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