Agricultural Robot Market is likely to grow at a CAGR of 20.95% by 2025

Agricultural Robot Market is Likely to Grow at a CAGR of 20.95% During the Period 2018-2025

The global agricultural robots market was valued at $1,994 million in 2014 and is likely to garner $15,341 million by 2025, growing at a CAGR of 20.95% during the forecast period according to Progressive Markets report, Global Agricultural Robots Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025.

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The report provides a detailed analysis of the entire agricultural robots industry, covering the key market segments, market landscape, major market players, the research methodology, market size by segment and region, market dynamics, market forecast, Porters analysis, trends analysis, and key market players. The information provided in the report is a result of an extensive research of the global agricultural robots market with opinions from industry experts. The research methodology is provided in terms of primary and secondary research methods implemented to gather and validate data.

The agricultural robots market report is a useful resource for market players, investors, stakeholders, and new entrants to understand the overall market status for the historic period 2014-2017 and the forecast period 2018-2025. It also helps in devising plans for expansion and determining opportunities for business growth.

An executive summary of the global agricultural robots market is provided based on the key findings, market attractiveness and trends analysis, and competitive landscape. Market landscape is provided in the study based on growth drivers, Porters Analysis, and market share analysis. The market drivers and restraints help analyze the factors affecting the growth of the global agricultural robots industry. The Porters Five Forces Analysis (PFFA) is offered in the study based on the bargaining power of buyers, bargaining power of suppliers, the threat of new entrants, threat from substitutes, and industrial rivalry. This analysis provides insights into the industry rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the market. Market share analysis is based on the industry segmentation and it is valuable as it helps determine how well the players are doing in the market as compared to their competitors.

With the help of the drivers, opportunities, and restraints, the report explains why the industry grows or slows down. Agricultural robots are becoming popular due to the increasing demand for food production, growing popularity of indoor farming, and the rise in adoption of automation technology. In addition, adoption of telematics sensors provides opportunities for growth of the market. Nonetheless, limited awareness of agricultural robots among farmers and inability to match the human dexterity act as impediments to the growth of the industry.

A detailed segmentation of the agricultural robots market report is provided based on the type, application, and geography. Based on the type, the market is classified as driverless tractors, unmanned aerial vehicles (UAV), milking robots, automated harvest robots, material management, and others. The driverless tractors segment is likely to reach $3958.6 million in 2025, growing at a CAGR of 23.0% from 2018 to 2025. The automated harvest robots segment is likely to grow at a CAGR of 20.7% during the forecast period. By application, the industry is segmented into dairy management, irrigation management, harvest management, soil management, inventory management, and others. The dairy management segment garnered $997.0 million in 2017 and is likely to reach $4856.1 in 2025 during the forecast period. Based on geography, the agricultural robots market is divided into North America, Europe, Asia-Pacific, and LAMEA. The market analysis in North America covers the U.S., Canada, and Mexico. The market analysis in Europe covers UK, Germany, France, Italy, and the rest of Europe. The study in the Asia-Pacific region covers China, Japan, India, and the rest of Asia-Pacific. In LAMEA, the market study covers Latin America, Middle East, and Africa.

The report offers a detailed analysis of the major market players operating in the agricultural robots market. An overview of each player is provided along with the insights into their business segments and recent developments. These information help market players gain an understanding of the competitive market scenario and devise strategies to be adopted to gain competitive advantage. The top operating players in the global agricultural robots industry include DeLaval, GEA Group, Autonomous Tractor Corporation, AGCO, Lely, Autonomous Solutions Inc., Harvest Automation, John Deere, Clearpath Robotics, and Deepfield Robotics.

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