“Agriculture
Robots Market: Global Demand Analysis & Opportunity Outlook 2024”
The global agriculture robots market
is segmented into product type such as driverless tractors, milking robots,
potato sorting system, unmanned aerial vehicles and others. Among these
segments, milking robots segment is expected to witness considerable rise
during the forecast period. Rising per capita consumption and growing dairy
farming are major factors which are driving the growth of this segment.
Global agriculture robots market
is expected to register a 21.1% CAGR over the forecast period. Moreover, the global
agriculture robots market stood at a valuation of USD 3.2 Billion in 2016. Further,
the global agriculture robot market is
anticipated to reach at revenue around USD 16.2 Billion by the end of 2024. The
market is expected to expand on the back of increasing population and growing
demand for food globally.
The application segment is
further sub segmented into Field Farming, Soil Management, Crop Management, Grafting,
Nursery Operations, Pruning, Thinning, Weeding and Others (Potting and others).
Further, soil management and crop management segment are likely to grow at a remarkable
pace during the forecast period. Factors such as, smaller rural labor force and
growing concern regarding farm yields are anticipated to foster the growth of
these segments during the forecast period.
Food demand and
production
Population growth across the globe is augmenting the demand
for grains, vegetables and fruits globally. Further, farmers are looking forward to adopt
sustainable farming methods and advanced technologies to increase overall farm
production. Further, growing adoption of advanced robotics in agriculture
sector to assist farmers and to manage farming processes is a key factor which
is projected to bolster the growth of global agriculture robot market over the
forecast period.
Innovation and
technological advancements
Innovation and advancements in agriculture
robots has resulted in development of light weight, effective and energy
efficient robots which are able to perform greater number of tasks in farming
processes. Agricultural robots have wide application such as in field farming, nursery
operations, pruning & thinning, weeding and others. Further, growing
application of agriculture robots is a key factor which is fostering the growth
of global agriculture robots market.
Although, high initial capital
investments and lack of guidance for farmers in terms of operating the
agriculture robots are some of the factors that are likely to inhibit the
growth of the agriculture robots market in the near future.
The
report titled “Agriculture Robots
Market: Global Demand Analysis & Opportunity Outlook 2024”delivers
detailed overview of the global agriculture robots market in terms of market
segmentation by product type, by application and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global agriculture
robots market which includes company profiling of
Energid Technologies Corp., Clearpath Robotics Inc., Autonomous Solutions Inc.,
ATI Agritronics Inc., Kinze Manufacturing, Harvest Automation, ISO Group,
Helper Robotech Co. Ltd., Blue River Technology and Vision Robotics Corp.
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
robots 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.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
To know more about this research, kindly visit: http://beforeitsnews.com/agriculture/2017/10/swelling-global-population-and-rising-adoption-of-efficient-sustainable-farming-methods-are-driving-the-growth-of-global-agriculture-robots-market-according-to-research-nester-2455737.html
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