The Agriculture Robots Global Market Report 2023, provides comprehensive information on the agriculture robots market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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In accordance with The Business Research Company’s authoritative “Agriculture Robots Global Market Report 2023,” the market is poised for substantial expansion, with an anticipated progression from a valuation of $5.39 billion in 2022 to a remarkable $6.69 billion in 2023. This surge is underscored by a notable Compound Annual Growth Rate (CAGR) of 24.2%, emphasizing the pivotal role of robotics in modern agriculture.
However, amidst the positive market outlook, the shadows of the Russia-Ukraine conflict loom large, casting a temporary pall over the prospects of comprehensive global economic recovery following the enduring impact of the COVID-19 pandemic. This geopolitical turbulence has set off a chain reaction, leading to the imposition of economic sanctions on several nations, an abrupt escalation in commodity prices, and a series of supply chain disruptions.
These intertwined challenges have precipitated inflationary pressures, permeating across the pricing spectrum of goods and services, thereby impacting various global markets. Nonetheless, the global agriculture robots market is poised for sustained growth, with projections indicating an impressive market size of approximately $15.64 billion by 2027, driven by a robust CAGR of 23.6%. These projections underscore the transformative role of robotics in revolutionizing the agriculture sector and exemplify the enduring potential for innovation and adaptation in this ever-evolving market landscape.
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The remarkable surge in the adoption of automation technology stands as a catalyst propelling the future growth of the agriculture robots market. Automation, as a pivotal technological advancement, entails the facilitation of processes with minimal human intervention through programmed commands and automated feedback loops to ensure precise and efficient execution of instructions. Within the realm of agriculture, the integration of automation technology has yielded innovative solutions for farm management and the optimization of routine agricultural tasks, ultimately leading to enhanced crop and livestock production.
Moreover, the domain of dairy farming has witnessed a substantial transformation through the implementation of automation. Automation has been instrumental in elevating the dairy industry’s performance, positively impacting areas such as profitability, animal welfare, lifestyle, and milk quality. This paradigm shift is exemplified by the increasing adoption of robotic systems for milking, real-time cattle health monitoring, and the automation of labor-intensive tasks, including feeding procedures.
For example, as of 2020, data from Dairy Global, a prominent Netherlands-based dairy magazine, reported that approximately 18,833 dairy farms across the Nordic countries had embraced automatic milking systems (AMS), representing a significant 31% of the total dairy farms within the region. This remarkable adoption rate highlights the transformative potential of automation technology in the agriculture sector.
In essence, the proliferation of automation technology within the agricultural landscape is undeniably steering the growth trajectory of the agriculture robots market. This transformative trend promises to revolutionize farming practices, enhancing both efficiency and sustainability, while heralding a promising era of innovation in agriculture.
The agriculture robots market is segmented:
1) By Type: Milking Robots, UAVs or Drones, Automated Harvesting Systems, Driverless Tractors, Other Types
2) By Offering: Hardware, Software, Services
3) By Farm Produce: Fruits and Vegetables, Field Crops, Dairy and Livestock, Other Farm Produces
4) By Farming Environment: Indoor, Outdoor
5) By Application: Harvest Management, Field Farming, Dairy and Livestock Management, Soil and Irrigation Management, Other Applications
Top Major Players
Deere & Company
SZ DJI Technology Co Ltd.
AGCO Corporation
DeLaval
Trimble Inc.
North America was the largest region in the agriculture robots market in 2022.
The table of contents in TBRC’s agriculture robots market report includes:
1. Executive Summary
2. Agriculture Robots Market Characteristics
3. Agriculture Robots Market Trends And Strategies
4. Agriculture Robots Market – Macro Economic Scenario
5. Agriculture Robots Market Size And Growth
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26. Africa Agriculture Robots Market
27. Agriculture Robots Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Agriculture Robots Market
29. Agriculture Robots Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Agriculture Robots Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Agriculture Robots Market, Segmentation By Offering, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Agriculture Robots Market, Segmentation By Farm Produce, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 48: Deere & Company Financial Performance
Table 49: SZ DJI Technology Co Ltd. Financial Performance
Table 50: AGCO Corporation Financial Performance
Table 51: DeLaval Financial Performance
Table 52: Trimble Inc. Financial Performance
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