The agriculture robots market is valued at USD 4561.7 Million in 2020 and is expected to reach USD 26679.4 Million by 2027 with a CAGR of 28.7% over the forecast period. Increasing labor costs, rising number of technological advancements, and growing efficiency and effectiveness of processing in agriculture sectors are driving the growth of the global agriculture robots market.
Agriculture Robots Market: Market Scope
The global agriculture robots market is going to see a great amount of growth in the coming years, and that growth is going to be propelled by the growth in the population and the increasingly short labor in the markets. The growth in this market is going to get propelled by the growth in the population and increase in the labor shortage, which encourages automation, maturing Internet of Things, and navigation technologies that are going to drive the cost down for the automation and the coronavirus pandemic.
Agriculture Robots Market: Competitive Analysis
Some of the major agriculture robots companies in 2021 are Deere & Company, DJI, CNH Industrial NV, AGCO Corporation, DeLaval, Trimble, BouMatic Robotics, Lely, AgJunction, and AgEagle Aerial Systems. The global agriculture robots' key players are focusing on bringing down the costs with the innovation that they can bring in the manufacturing of the agriculture robots.
- AGCO
- AgJunction
- Autonomous Solutions Inc
- Autonomous Tractor Corporation
- Boumatic
- Clearpath Robots
- Deepfield Robots
- DeLaval
- GEA Group
- Deere & Company
- DJI
- Harvest Automation John Deere
- Lely
- Others
Agriculture Robots Market: Key Drivers
Agriculture robots' growth drivers suggest that the industry of agriculture is under pressure from the increase in global population and the need for higher productivity from the existing area of the farm. There are certain factors like the changing demographics and urbanization which are now impacting the industry of agriculture. The agricultural industry in the United States and the United Kingdom, among the other countries, is reliant heavily on migrant labor, and another trend is similarly observed across the other developed countries too.
Agriculture employment over the last few years has been seeing a significant decline. The shortage of labor is becoming a global problem with a farmer population that is aging and further limits the manual labor supply. The younger generation is expected to be less likely to pursue farming activities, and the children in the families of farmers are going to move to the urban cities for better prospects in terms of their careers.
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Vishal Sawant
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