Agricultural Tractor Robots Market Outlook - 2030
The global agricultural tractor robots market is experiencing a significant growth and will grow considerably in the next few years. A robot used in agriculture is known as an agricultural robot. Currently, the harvesting step is the most common application of robots in agriculture. Weed control, cloud seeding, seed planting, harvesting, environmental monitoring, and soil analysis are just a few of the new uses for robots or drones in agriculture. Agribot or agbot is another name for an agricultural robot.
This is a self-contained robot that is useful in farming. It assists the farmer in increasing crop efficiency while also reducing the requirement for manual labor. We may expect these agricultural robots to handle individual tilling, planting, harvesting, and a variety of other farm tasks in the coming generations. These agricultural robots will also take care of weeding, pest management, and disease control.
The global agricultural tractor robots market is segmented on the basis of type, application, and region. Based on type, the market is divided into automated and semi-automated. In terms of application, the market is categorized into animal management, field farming, dairy management, crop management, and soil management. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global agricultural tractor robots industry include GEA Group, Autonomous Solutions Inc., Lely, Harvest Automation, Deerfield Robotics, John Deere, DE Laval, AGCO, Autonomous Tractor Corporation, and Clear Path Robotics. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global agricultural tractor robots market.
COVID-19 Impact Analysis
The COVID-19 pandemic is impacting the society and overall economy across the global. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. It is creating uncertainty in the stock market, falling business confidence, massive slowing of supply chain, and increasing panic among customers. European countries under lockdowns have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region COVID-19 is projected to have a wide range of effects across different locations, as well as among growers, agriculture, and the supply chain.
Farmers' inability to access markets for their produce owing to operational and logistical challenges is the key reason for the slowdown in agricultural robot spending at this time. The epidemic is predicted to have the greatest impact on farmers who feed commercial customers such as food processing companies, motels, and restaurants.
In response of COVID-19's long-term implications, governments are attempting to address the problem by enacting beneficial initiatives and policies such as financial packages, lower interest rates, and tax exemptions. Despite the world's efforts to find a COVID-19 breakthrough, the agricultural tractor robots market is expected to rebound to a great level during the forecasted period due to rising demand in the healthcare and other industries.
Top Impacting Factors
The expansion of agricultural tractors robots is being fueled by issues like as a shrinking labor force, rising population, and a growing demand for high output from current farm areas. Furthermore, the industry is expected to benefit from the maturation of existing agricultural technologies as well as the introduction of new agricultural technologies in the future. The need to use fewer chemicals and fertilizers in operations, such as pick-and-place, weeding, and spraying, has raised the market's need for agricultural robots.
Decrease in the workforce in potentially risky farm activities, such as lettuce weeding, has replaced human labor and accelerated the market for agriculture robots in the coming years. There is a growing demand for automation in normal farm tasks in order to increase productivity. This may also reduce investment in order to purchase more expensive devices, hence driving the demand for agriculture robots.
The expensive cost of installing farm robots, on the other hand, may function as a barrier to the market's expansion. Furthermore, these robots require extensive upkeep, which comes at a cost. Because these robots are equipped with advanced sensor technologies, such as high-definition cameras and obstacle sensors, the cost of the machines rises, stifling the market's total growth.
Increase in the Revenue by Using Driverless Tractors
The global desire for innovative and sophisticated technology for green farming is propelling the agriculture robots market forward. Furthermore, the growing use of agriculture robots in the agricultural sector has enhanced the quality and quantity of grain, vegetable, and fruit production. Agriculture robots have minimized human intervention as well as human errors in the agricultural sector. Farms are quickly being taken over by driverless tractors for spraying, planting, ploughing, and weeding crops.
Agricultural robots are predicted to rise in popularity due to rising minimum wages for farmers and lower prices for self-driving technologies as a result of advancements in the automotive industry. In countries, such as the U.S. and Japan, driverless tractors are already being tested in the field. Even rising economies, such as India, are adopting self-driving tractors. As a result of the increased usage of driverless tractors in agricultural fields, the market for driverless tractors is predicted to grow.
Increase in Demand of Agricultural Robots Due to Government Regulations
The need for farm robots is being driven by the government's encouragement of robotics machines such as driverless tractors, milking robots, potato sorting systems, unmanned aerial aircraft, and others for arable land safety measures and active involvement for investment purposes. One of the most promising paths in the agriculture robotics industry is the rising breadth of commercialization of harvesting robots.
Governments, particularly in industrialized countries, are encouraging such initiatives through grants and regulatory changes. Agricultural businesses are rapidly hiring trained robotic operators. The advancements in technology that corporations have brought to 3D imaging are also opening up new commercial opportunities. Agricultural robots also benefit the environment
Key Benefits of the Report
- This study presents the analytical depiction of the global agricultural tractor robots market share along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the agricultural tractor robots market trends.
- The current market is quantitatively analyzed to highlight the agricultural tractor robots market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed agricultural tractor robots market analysis depending on competitive intensity and how the competition will take shape in the coming years.
- The report contains agricultural tractor robots market forecast considering 2020 as a base year.
- The report presents information on the agricultural tractor robots market opportunity to track potential regions and country.
- The agricultural tractor robots market outlooks the future scope and estimates the percentage growth.
Questions Answered in the Agricultural Tractor Robots Market Research Report
- Which are the leading players active in the agricultural tractor robots market size?
- What are the detailed impacts of COVID-19 on the agricultural tractor robots market?
- What current trends will influence the agricultural tractor robots market in the next few years?
- What are the driving factors, restraints, and opportunities in the agricultural tractor robots market?
- What future projections would help in taking further strategic steps?
Agricultural Tractor Robots Market Report Highlights
By Farming Environment
Key Market Players
Kubota Corporation, AGCO Corporation, BouMatic Robotics, Autonomous Tractor Corporation, Naïo Technologies, AgEagle Aerial Systems, CNH Industrial NV