The autonomous farm equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Autonomous Farm Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The autonomous farm equipment market size has grown strongly in recent years. It will grow from $75 billion in 2023 to $80.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to labor shortages, precision agriculture, environmental concerns.
The autonomous farm equipment market size is expected to see strong growth in the next few years. It will grow to $102.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to improved connectivity, data-driven farming, cost reduction, climate change mitigation, global food security, data-driven agriculture. Major trends in the forecast period include technological advancements, emerging startups and innovation, farm-as-a-service models, customization and adaptability, collaborative and autonomous swarming.
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Scope Of Autonomous Farm Equipment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Autonomous Farm Equipment Market Overview
Market Drivers –
The increasing use of autonomous tractors is a key factor driving the growth of the autonomous farm equipment market. Autonomous tractors use several sophisticated systems and sensors which would possess an effective self-driving vehicle, and by incorporating these advanced systems into run-of-the-mill farming, farmers will experience positive technological effects in the workplace. Alternatively, autonomous tractors can be set up to function as mobile hotspots to collect data from sensors in the field. Also, about 34.5% of the global demand for autonomous farm machinery will retain the 31–100 HP output Asia-Pacific of farm tractors in 2026. Therefore, the demand for autonomous tractors is expected to drive the growth of the autonomous farm equipment market.
The autonomous farm equipment market covered in this report is segmented –
1) By Product Type: Tractors, Harvesters, Unmanned Aerial Vehicles (UAVs), Other Product Types
2) By Technology: Partially Autonomous, Fully Autonomous
3) By Application: Agriculture, Horticulture, Animal husbandry, Forestry, Other Applications
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Regional Insights –
The Asia-Pacific was the largest region in the autonomous farm equipment market in 2023. North America was the second largest region in the autonomous farm equipment market. The regions covered in the autonomous farm equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the autonomous farm equipment market include CLAAS KGaA mbH, DEUTZ-FAHR S.p.A., AGCO Corporation, Deere & Company, CNH Industrial N.V., Agrobot S.L., Autonomous Tractor Corporation, Yanmar Co. Ltd., Iseki & Co. Ltd., Kubota Corporation, Bobcat Company, Agribotix LLC, Agricultural Solutions Ltd., Harvest Automation Inc., Mahindra & Mahindra Limited, Energid Technologies Corporation, Autonomous Solutions Inc., Agritronics Corporation, Kinze Manufacturing Inc., SDF S.p.A., Rowbot Systems LLC, Robotic Harvesting LLC, Jaybridge Robotics LLC, Agrobotics AutoProbe Inc., Naio Technologies, CNH Industrial America LLC, Ted Corporation, Dino Autonomous Robot Inc., Swift Navigation Inc.
Table of Contents
1. Executive Summary
2. Autonomous Farm Equipment Market Report Structure
3. Autonomous Farm Equipment Market Trends And Strategies
4. Autonomous Farm Equipment Market – Macro Economic Scenario
5. Global Autonomous Farm Equipment Market Size and Growth
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31. Global Autonomous Farm Equipment Market Competitive Benchmarking
32. Global Autonomous Farm Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Autonomous Farm Equipment Market
34. Autonomous Farm Equipment Market Future Outlook and Potential Analysis
35. Appendix
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