Research Nester published a report titled “Global Agriculture Robotics Market”: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global agriculture robotics marketin terms of market segmentation by type, offering, application, farming environment, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global agriculture robotics market is expected to grow with a CAGR of ~28% during the forecast period, i.e., 2022-2031. The market is segmented by application into field farming, harvest management, soil & irrigation management, dairy & livestock management, weather tracking & monitoring, pruning, and others. Amongst these, dairy & livestock management segment is projected to grow at the fastest pace during the forecast period, i.e., 2022-2031.
The global agriculture robotics market estimated to significantly grow owing to the escalating trend of vertical farmingthat incorporates indoor farming, urban agriculture, and managed agricultural contexts. Besides this, growing urbanization that influence a huge number of people to migrate from rural to urban regions, and growing labor shortage are also projected to radically push the market forward during the forecast period.
Regionally, the global anti-aging drugs market is studied into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America region is projected to hold the largest market share by the end of 2031, owing to the rapidly growing population, rising labor charges, and massive use of automation in the agricultural field.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Worldwide Rising Food Demand to Drive Market Growth
According to the statistics by the Food and Agricultural Organization of the United Nations, a 7-million-ton increase has been recorded in the production of cereals in 2022. Furthermore, the forecast for cereal consumption in 2022/23 has been raised 9.2 million tons to 2797 million tons.[R1]
Growing population worsens crop production challenges as food demands go multifold but lack of good resources, lack of advanced techniques, and labor shortage impose a great challenge to fulfill the growing food demand. With the help of agriculture robotics, such issues can be easily achieved as such robotics are packed with specialized technology are able to perform a wide range of operations and they can be configured to evolve and expand to meet the demands of various functions. Such a factor is therefore anticipated to drive the growth of the global agriculture robotics market.
However, high investment charges,lack of technological understanding, and high prices of agriculture robotics are expected to operate as key restraint to the growth of agriculture robotics market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global agriculture robotics market which includes company profiling of Deere & Company, AGCO Corporation, Trimble Inc., CNH Industrial N.V., Lely International N.V., AgJunction Inc., Harvest Automation, AgEagle Aerial Systems Inc., Yanmar Holdings Co., Ltd, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global agriculture robotics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.