REPORT OBJECTIVES
The report “Agricultural Robots: Global Market Intelligence (2023-2030)” provides market intelligence on the different market segments, based on component, function, operation, and geography. Market size and forecast (2023-2030) has been provided in the report. The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.
RESEARCH METHODOLOGY
In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each region. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents – selected experts from manufacturers and selected suppliers – have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.
KEY AUDIENCE
Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.
DATA SOURCES
The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.
KEY FINDINGS FROM THE REPORT
- The global agricultural robots market is expected to grow at a CAGR of more than 10% from 2023 to 2030. Agricultural robots, also known as agribots, are automated machines designed to perform agricultural tasks such as planting, harvesting, and monitoring crops. These robots can operate autonomously or be controlled remotely by farmers or operators. Agricultural robots can help reduce labor costs, increase productivity, and improve crop yields by providing more precise and efficient farming practices. The global market for agricultural robots is expected to grow significantly in the coming years, driven by factors such as increasing demand for food due to a growing global population, labor shortages in agriculture, and rising adoption of precision farming technologies. The market is also influenced by factors such as government initiatives to promote sustainable agriculture practices, changing weather patterns, and increasing investments in agricultural research and development.
- Agricultural robots are used in agriculture for many activities from weed control to post harvesting.
- Spain, UK, France, Germany, Russia, and Italy are the leading countries in the global agricultural robot market.
- AGCO, Autonomous Solutions (ASI), Autonomous Tractor Corporations, CNH Industrial and John Deere are leading manufacturers of agricultural robots.
- Sprout Intelligence expert team projected the global agricultural robot marketis expected to cross mark of USD 20 billion.