Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.3 Billion | USD 48.5 Billion | 20.2% | 2022 |
FrequentlyAsked Questions
Agricultural robots, often known as agribots, are specialized devices used in the agricultural business to execute a variety of activities. These robots are outfitted with cutting-edge technology and capabilities that allow them to perform specialized agricultural tasks autonomously or with minimum human assistance.
The Agricultural Robots market is driven by several factors including growing labor costs, rising technological advancements, rising funding, growing product launch, increasing demand for food and many others.
According to the report, the global market size was worth around USD 11.3 billion in 2022 and is predicted to grow to around USD 48.5 billion by 2030.
The global Agricultural Robots market is expected to grow at a CAGR of 20.2% during the forecast period.
The global Agricultural Robots market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the growing investment.
The global Agricultural Robots market is dominated by players like Trimble Inc., AGCO Corporation, Deere & Company, DJI, CNH Industrial NV, BouMatic Robotics, Lely, DeLaval, AgEagle Aerial Systems, YANMAR Co., Deepfield Robotics, ecoRobotix, AgJunction and Harvest Automation among others.
The Agricultural Robots market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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