Toll Free : + 1-888-961-4454 | Int'l : + 91 (788) 802-9103 | support@researchdive.com
CM200252 |
Pages: 210 |
Jan 2020 |
The agriculture robot market size was $ 4,082.8 Million in 2018, and is expected to reach $ 16,640.4 Million by 2026, and will grow at a CAGR of 19.2%. North America region generated a revenue of $ 1,469.8 Million in 2018, and is expected to grow at a CAGR of 18.9%.
An agricultural robot is a robot, which is developed for doing agriculture works. At present, these robots are mainly used at the harvesting stage. These robots are completely automated and are very helpful in farming which reduces the time and manual workforce in the agricultural works. The agriculture robot is also capable of soil exploration, weed control, plant seeding, environmental monitoring, cloud seeding, harvesting and many more. These robots are equipped with many tools so that it can do multiple tasks at the same time.
The increasing shift of farmers towards vertical farming and the rise in demand for food supply around the world are the key factors anticipated to drive the agriculture robot market growth.
However, the lack of understanding on the operation of agriculture robots coupled with its high costs are the factors that may restrain the growth of the global industry.
According to the regional analysis, the North America market for agriculture robot is expected to dominate in the global industry throughout the forecast period by growing at a CAGR of 18.9%.
Rise in demand for food supply, increasing population and increasing use of vertical farming are some of the factors which boost the growth of agriculture robot market.
At present, the world population is increasing at a higher rate, as per the World Health Organization (WHO). It is been predicted that the world population is going to reach 9.7 billion by 2050. In line with this, there will be a significant rise in the demand for food supply. With the help of robots, the work in the agricultural farms can be done faster and get the cultivated food at a minimum span of time. Many farmers are opting vertical farming, as it need less amount of water and also reduce the use of agricultural land.
Cost of the agricultural robots, coupled with the lack of understanding on the new technologies are considered to be the major threats for the growth of agricultural robot
The cost of the robots is considered to be one of the biggest restraints, restricting the market growth. These robots are very expensive, that they are not affordable by the middle-class and below level farmers. Besides cost, lack of understanding on the operation of these robots will also act as a major factor hampering the market growth.
Source Research dive analysis
Based on the type, the unmanned aerial vehicle segment is expected to hold the largest market share in 2026. This segment generated a revenue of $ 408.3 Million in 2018, and is expected to reach $ 1,763 Million by 2026. These robots help in increasing crop production, and also help in monitoring the growth of the crop. They also help the farmers to optimize the agricultural operation, which will further improve the land efficiency.
Driverless tractor segment was valued at $ 939.0 Million in 2018, and is expected to reach $ 3,714.3 Million by 2026. These vehicles operate without the driver, and are automated in detecting their position, and speed. They are designed in a way to avoid the obstacles while performing the task. Due to these factors, many countries have adopted the driverless tractor in the farming fields, which helps them to cut their regular wages of the workers.
Source Research dive analysis
Dairy management is the most popularly used robotic application in agriculture. This segment generated a revenue of $ 1,146 Million in 2018, and will reach $ 4,492.9 Million by 2026. In Dairy management, the advanced robots are used to take milk from the cows and are also used to graze the agricultural ground.
Harvest management is another application of agricultural robots, and is used in places where the harvested crop is stored. These robots perform operations such as cleaning, cooling, packing and sorting of the harvested farms. If the harvest application goes wrong, then the whole harvested crops has no use and get spoiled. So, with this advanced technology, one can store the harvested crops without any losses. This segment generated a revenue of $ 892.1 Million in 2018, and is projected to surpass $ 3,550.1 Million by 2026 at a CAGR of 18.8%.
Source Research dive analysis
North America Agriculture Robot Market Outlook 2026:
North America will have huge opportunities for the market investors to grow over the coming years
North America is expected to dominate the agricultural robot industry throughout the forecast period. There is a presence of large number of farmers, who are adopting the automated farm vehicles in this region. The North America market is witnessing constant investments in the technological sector, and are progressing in terms of automation. Moreover, favorable government initiatives in favor of agriculture are consider to be the key driving factor for the North America agriculture robot market. This region generated a revenue of $ 1,469.8 Million in 2018, and is expected to grow at a CAGR of 18.9%.
Asia-Pacific Agriculture Robot Market Growth 2026:
The Asia-Pacific market is accounted to have the highest agriculture robot market growth rate in the global market. The increased use of automation in the farming sector and favorable government initiatives like subsidies are going to drive the Aisa-Pacofoc market in the forecast period. The Asia-Pacific agriculture robot market size is expected to grow at a CAGR of 19.7% by generating a revenue of $ 3,798.3 Million by 2026.
Source: Research Dive Analysis
Key players in the global agriculture robot market are LelyHarvest Automation, DeLaval, Clearpath Robotics, Autonomous Solutions Inc, AGCO, Autonomous Tractor Corporation, Deepfield Robotics, GEA Group and John Deere and others.
| Aspect | Particulars |
| Historical Market Estimations | 2018-2019 |
| Base Year for Market Estimation | 2019 |
| Forecast timeline for Market Projection | 2018-2026 |
| Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
| Segmentation by Type |
|
| Segmentation by Applications |
|
| Key Countries Covered | U.S., Canada, Germany, France, UK, Italy, Japan, China, India, South Korea, Australia, Middle west, Africa |
| Key Companies Profiled |
|
Source: Research Dive Analysis
1. Research Methodology
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.1. Assumptions
1.4.2. Forecast parameters
1.5. Data sources
1.5.1. Primary
1.5.2. Secondary
2. Executive Summary
2.1. 360° summary
2.2. Type trends
2.3. Application trends
2.4. End-use trends
3. Market Overview
3.1. Market segmentation & definitions
3.2. Key takeaways
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Pricing overview
3.8.1. By type
3.8.2. By application
3.8.3. By region
3.9. Market value chain analysis
3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operating vendors
3.9.5.1. Raw material suppliers
3.9.5.2. Product manufacturers
3.9.5.3. Product distributors
3.10. Strategic overview
4. Agriculture Robot Market, by Type
4.1. Material Management
4.1.1. Market size and forecast, by region, 2017-2028
4.1.2. Comparative market share analysis, 2018 & 2028
4.2. Automated Harvest Robots
4.2.1. Market size and forecast, by region, 2017-2028
4.2.2. Comparative market share analysis, 2018 & 2028
4.3. Milking Robots
4.3.1. Market size and forecast, by region, 2017-2028
4.3.2. Comparative market share analysis, 2018 & 2028
4.4. Unmanned Aerial Vehicles (UAVs)
4.4.1. Market size and forecast, by region, 2017-2028
4.4.2. Comparative market share analysis, 2018 & 2028
4.5. Driverless Tractors
4.5.1. Market size and forecast, by region, 2017-2028
4.5.2. Comparative market share analysis, 2018 & 2028
4.6. Others
4.6.1. Market size and forecast, by region, 2017-2028
4.6.2. Comparative market share analysis, 2018 & 2028
5. Agriculture Robot Market, by Applications
5.1. Inventory Management
5.1.1. Market size and forecast, by region, 2017-2028
5.1.2. Comparative market share analysis, 2018 & 2028
5.2. Soil Management
5.2.1. Market size and forecast, by region, 2017-2028
5.2.2. Comparative market share analysis, 2018 & 2028
5.3. Harvest Management
5.3.1. Market size and forecast, by region, 2017-2028
5.3.2. Comparative market share analysis, 2018 & 2028
5.4. Irrigation Management
5.4.1. Market size and forecast, by region, 2017-2028
5.4.2. Comparative market share analysis, 2018 & 2028
5.5. Dairy Management
5.5.1. Market size and forecast, by region, 2017-2028
5.5.2. Comparative market share analysis, 2018 & 2028
5.6. Others
5.6.1. Market size and forecast, by region, 2017-2028
5.6.2. Comparative market share analysis, 2018 & 2028
6. Agriculture Robot Market, by Region
6.1. North Region
6.1.1. Market size and forecast, by type, 2017-2028
6.1.2. Market size and forecast, by application, 2017-2028
6.1.3. Market size and forecast, by end-use, 2017-2028
6.1.4. Market size and forecast, by country, 2017-2028
6.1.5. Comparative market share analysis, 2018 & 2028
6.1.6. U.S
6.1.6.1. Market size and forecast, by type, 2017-2028
6.1.6.2. Market size and forecast, by application, 2017-2028
6.1.6.3. Market size and forecast, by end-use, 2017-2028
6.1.6.4. Comparative market share analysis, 2018 & 2028
6.1.7. Canada
6.1.7.1. Market size and forecast, by type, 2017-2028
6.1.7.2. Market size and forecast, by application, 2017-2028
6.1.7.3. Market size and forecast, by end-use, 2017-2028
6.1.7.4. Comparative market share analysis, 2018 & 2028
6.2. Europe
6.2.1. Market size and forecast, by type, 2017-2028
6.2.2. Market size and forecast, by application, 2017-2028
6.2.3. Market size and forecast, by end-use, 2017-2028
6.2.4. Market size and forecast, by country, 2017-2028
6.2.5. Comparative market share analysis, 2018 & 2028
6.2.6. UK
6.2.6.1. Market size and forecast, by type, 2017-2028
6.2.6.2. Market size and forecast, by application, 2017-2028
6.2.6.3. Market size and forecast, by end-use, 2017-2028
6.2.6.4. Comparative market share analysis, 2018 & 2028
6.2.7. Germany
6.2.7.1. Market size and forecast, by type, 2017-2028
6.2.7.2. Market size and forecast, by application, 2017-2028
6.2.7.3. Market size and forecast, by end-use, 2017-2028
6.2.7.4. Comparative market share analysis, 2018 & 2028
6.2.8. France
6.2.8.1. Market size and forecast, by type, 2017-2028
6.2.8.2. Market size and forecast, by application, 2017-2028
6.2.8.3. Market size and forecast, by end-use, 2017-2028
6.2.8.4. Comparative market share analysis, 2018 & 2028
6.2.9. Italy
6.2.9.1. Market size and forecast, by type, 2017-2028
6.2.9.2. Market size and forecast, by application, 2017-2028
6.2.9.3. Market size and forecast, by end-use, 2017-2028
6.2.9.4. Comparative market share analysis, 2018 & 2028
6.2.10. Rest of Europe
6.2.10.1. Market size and forecast, by type, 2017-2028
6.2.10.2. Market size and forecast, by application, 2017-2028
6.2.10.3. Market size and forecast, by end-use, 2017-2028
6.2.10.4. Comparative market share analysis, 2018 & 2028
6.3. Asia-Pacific
6.3.1. Market size and forecast, by type, 2017-2028
6.3.2. Market size and forecast, by application, 2017-2028
6.3.3. Market size and forecast, by end-use, 2017-2028
6.3.4. Market size and forecast, by country, 2017-2028
6.3.5. Comparative market share analysis, 2018 & 2028
6.3.6. China
6.3.6.1. Market size and forecast, by type, 2017-2028
6.3.6.2. Market size and forecast, by application, 2017-2028
6.3.6.3. Market size and forecast, by end-use, 2017-2028
6.3.6.4. Comparative market share analysis, 2018 & 2028
6.3.7. India
6.3.7.1. Market size and forecast, by type, 2017-2028
6.3.7.2. Market size and forecast, by application, 2017-2028
6.3.7.3. Market size and forecast, by end-use, 2017-2028
6.3.7.4. Comparative market share analysis, 2018 & 2028
6.3.8. Japan
6.3.8.1. Market size and forecast, by type, 2017-2028
6.3.8.2. Market size and forecast, by application, 2017-2028
6.3.8.3. Market size and forecast, by end-use, 2017-2028
6.3.8.4. Comparative market share analysis, 2018 & 2028
6.3.9. South Korea
6.3.9.1. Market size and forecast, by type, 2017-2028
6.3.9.2. Market size and forecast, by application, 2017-2028
6.3.9.3. Market size and forecast, by end-use, 2017-2028
6.3.9.4. Comparative market share analysis, 2018 & 2028
6.3.10. Australia
6.3.10.1. Market size and forecast, by type, 2017-2028
6.3.10.2. Market size and forecast, by application, 2017-2028
6.3.10.3. Market size and forecast, by end-use, 2017-2028
6.3.10.4. Comparative market share analysis, 2018 & 2028
6.3.11. Rest of Asia-Pacific
6.3.11.1. Market size and forecast, by type, 2017-2028
6.3.11.2. Market size and forecast, by application, 2017-2028
6.3.11.3. Market size and forecast, by end-use, 2017-2028
6.3.11.4. Comparative market share analysis, 2018 & 2028
6.4. LAMEA
6.4.1. Market size and forecast, by type, 2017-2028
6.4.2. Market size and forecast, by application, 2017-2028
6.4.3. Market size and forecast, by end-use, 2017-2028
6.4.4. Market size and forecast, by country, 2017-2028
6.4.5. Comparative market share analysis, 2018 & 2028
6.4.6. Middle East
6.4.6.1. Market size and forecast, by type, 2017-2028
6.4.6.2. Market size and forecast, by application, 2017-2028
6.4.6.3. Market size and forecast, by end-use, 2017-2028
6.4.6.4. Comparative market share analysis, 2018 & 2028
6.4.7. Africa
6.4.7.1. Market size and forecast, by type, 2017-2028
6.4.7.2. Market size and forecast, by application, 2017-2028
6.4.7.3. Market size and forecast, by end-use, 2017-2028
6.4.7.4. Comparative market share analysis, 2018 & 2028
7. Company Profiles
7.1. Lely
7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis
7.2. Harvest Automation
7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis
7.3. DeLaval
7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis
7.4. Autonomous Solutions Inc.
7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis
7.5. AGCO
7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis
7.6. Autonomous Tractor Corporation.
7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis
7.7. Deepfield Robotics
7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis
7.8. GEA Group
7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis
7.9. John Deere.
7.9.1. Business overview
7.9.2. Financial performance
7.9.3. Product portfolio
7.9.4. Recent strategic moves & developments
7.9.5. SWOT analysis
* Taxes/Fees, If applicable will be added during checkout. All prices in USD.
Have a question ?
Enquire To BuyNeed to add more ?
Request Customization