The global agricultural robots market is estimated at US$ 4.8 billion in 2022 and is expected to grow at a significant CAGR of over 13.5% over the forecast period of 2019-2028.
Market Scope and Report Overview
In a comprehensive market analysis by RationalStat the global agricultural robots market was studied on the basis of different market segments, which include the type, farm products and farming environment, applications and geographic regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also provides the market size of both regional and global markets for the historic period of 2019-2022, and for the forecast period from 2019-2028.
Market intelligence for the global agricultural robots market covers market sizes on the basis of market value (US$/EUR Million) and volume ('000 units/tons/liters) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
Additionally, the long-term industry and products/services 10-year outlook and its impact on the industry. The report also covers the current state of the industry production levels, capacity Utilization, Tech Quotient, and more. Important information includes manufacturing capacity for each country, installed base volume, imports and market size, the top players and market size dynamic, market information insight, etc.
Period Covered: Data for 2019-2028 along with estimates of demand for each year.
The report on the market for agricultural robotics examines the market on the foundation of global economic trends and regional geopolitics, trade duty scenarios, import-export scenario and market trends organic and non-organic strategies, mergers and acquisitions, new product launches, policies of the government, new capacity additions technological advances, R&D investments, and the latest market entry rates, replacing rates and penetration rate the size of the installed base/fleet, regional and global production capacities, and many more.
RationalStat provides market analysis and consultancy studies based on the foundation of a solid desk and secondary research, backed by an internal data repository. Additionally the research makes use of data that is based on real-time information gathered through interviews conducted by primary sources. Market estimations and insight are built upon the primary data (covering greater than 240 organizations) and secondary research making use of benchmarking across the globe.
The global market for agricultural robots report also provides value chain analysis and supply chain analysis, which provides comprehensive information about the margins of value chains and the importance of various actors in the value chain. Market dynamics provided in the market study include market drivers, restraints/challenges, trends, and their impact on the market throughout the analysis period.
In the section on competition analysis The global agricultural robotics market offers a thorough competition comparison analysis based on percentage of market shares for the top brands/companies/suppliers, a market structure overview that includes specific company profiles of over 25 players, along with their financials, products/services offered major changes and business models. This allows customers and buyers of reports to take accurate, reliable and quick choices.
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Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment
In the most recent RationalStat study, it is clear that the geopolitical conflict and inflation are the most frequently mentioned threats to economic growth, while worries regarding the instability across energy sectors are commonplace in Europe and other regions around the globe. One of the threats to development of the economy in the top regions, such as Asia Pacific, Europe, North America, the Middle East and Africa and other emerging regions, include the rising cost of energy, inflation disruptions to supply chains, labour shortages, geopolitical instability, rising interest rates and the COVID-19 pandemic.
The world economy faced severe headwinds throughout 2019-2021 in which some countries experienced slow growth, and other nations were still battling slowdowns in the economy. The COVID-19 virus has caused excessive pressure on all industries worldwide and caused a massive financial crisis across the US, India, Italy and in the UK, Germany, Japan, South Korea,and a host of other countries. Additionally, the withdrawal from Britain UK out of the European Union earlier in 2020, the conflict between Ukraine and Russia in 2022 has heightened the global anxiety.
Furthermore worldwide economy slowed down by 2022, to 3.3% , which was lower than what was expected to be the case at the close of 2021. This was primarily due to the weight being thrown down by Russia's conflict in Ukraine and the cost of living crisis in several nations. However, a rise in economic activity in the coming years is anticipated. It is predicted that growth will remain at a lower pace in 2023 and 2024, which will be 2.6% and 2.9% respectively.
Competition Analysis and Market Structure
Some of the prominent players that contribute significantly to the agricultural robots market growth include AGCO Corporation, Agribotix LLC, AgEagle Aerial Systems Inc., Blue River Technology Inc., AutoProbe Technologies LLC, BouMatic Robots BV, Deere & Company, Harvest Automation Inc., Precision Hawk, Yamaha Motor Corporation, GoPro, Inc., and among others.
RationalStat has segmented the global agricultural robots market based on type, farm produce, farming environment, application, and region
- Global Agricultural Robots Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Type
- Milking Robots
- UAVs Drones
- Automated Harvesting Systems
- Others (Driverless Tractors)
- Global Agricultural Robots Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Farm Produce
- Fruits & Vegetables
- Field Crops
- Others (Dairy & Livestock, etc.)
- Global Agricultural Robots Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Farming Environment
- Indoor
- Outdoor
- Global Agricultural Robots Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Application
- Harvest Management
- Field Farming
- Dairy & Livestock Management
- Others (Soil & Irrigation Management, etc.)
- Global Agricultural Robots Market Value (US$ Million), Volume (‘000 units/tons), and Market Share (2019-2028) Analysis by Region
- North America Agricultural Robots Market
- US
- Canada
- Latin America Agricultural Robots Market
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Agricultural Robots Market
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Agricultural Robots Market
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Agricultural Robots Market
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Agricultural Robots Market
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Agricultural Robots Market
- Leading Companies and Market Players
- AGCO Corporation
- Agribotix LLC
- AgEagle Aerial Systems Inc.
- Blue River Technology Inc.
- AutoProbe Technologies LLC
- BouMatic Robots BV
- Deere & Company
- Harvest Automation Inc.
- Precision Hawk
- Yamaha Motor Corporation
- GoPro, Inc.
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Key Questions Answered in the Agricultural Robots Report:
- What will be the market value of the global agricultural robots market by 2028?
- What is the market size of the global agricultural robots market?
- What are the market drivers of the global agricultural robots market?
- What are the key trends in the global agricultural robots market?
- Which is the leading region in the global agricultural robots market?
- What are the major companies operating in the global agricultural robots market?
- What are the market shares by key segments in the global agricultural robots market?
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