Verifiedmarketresearch has published a report entitled Global Agriculture Robots Market Research Report 2019 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
According to Verified Market Research, The Global Agriculture Robots Market was valued at USD 2.96 Billion in 2018 and is projected to reach USD 11.58 Billion by 2026, growing at a CAGR of 18.6% from 2019 to 2026.
The major manufacturers covered in this report- Deere & Company, CNH Industrial N.V., AGCO Corporation, kubota Corporation, Valtra Oy Ab, Yanmar Co., Ltd., Carraro S.p.A., Naïo Technologies SAS, Trimble Navigation Ltd., Jacto Inc. and Guss AG.
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What is the Agriculture Robots?
Agriculture is a boon to our society as it fulfills our basic needs and ensures that the balance of the ecological cycle is maintained. With growing advancement in technology, the incorporation of robotics in agricultural practices has brought a revolution in the field of agriculture and has made tasks much easier for the farmers. Agriculture robots have enhanced the level of artificial intelligence and have been catering for various applications in the agro-based industry and have enhanced the status for robotics at a global level.
The global market for agriculture robots might be a revolution in terms of advanced technology, but the cost of investment abstains it from flourishing completely in the global market. The cost to invest in the agriculture robotics is high which retrains the farmers and owners of farms and crop fields from opting for the agriculture robotics. Another aspect which is responsible to abstain the farmers from opting the AgBots is lack of awareness.
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Global Agriculture Robots Market, Geographic Analysis
The global agricultural robots market is studied on the basis of key geographies Europe, North America, Middle East, and Africa, Asia Pacific and Latin America. North America is contributing the largest revenue share in the agriculture robots market, owing to the high presence of vendors for agriculture robots such as Harvest Automation, Inc., Clearpath Robotics, and PrecisionHawk, Inc.
The presence of larger farming land in the Asia Pacific region is anticipated to be the major driving factor for this market to grow at a rapid speed, making APAC the fastest growing region. The government in this region is also focusing on adopting various strategies to increase agricultural production in developing countries so that they can fulfill the ever growing needs of their increasing population.
Global Agriculture Robots Market, Segment Analysis
The Global Agriculture Robots market is segmented on the basis of type, application, and geography. On the basis of type, the global agricultural robots market is classified into Driverless Tractors, Automated Harvesting Machine, and Others. Based on application, the Global Agriculture Robots market is divided into Field Farming, Dairy Management, Indoor Farming, Horticulture, Others. Geographically, the global agricultural robots market is analyzed across North America, Europe, Asia Pacific, Latin America, Rest of the World. Agriculture robots market for Dairy Management is expected to grow at the highest rate between 2018 and 2026. Whereas by type, the Automated Harvesting Machine is anticipated to grow at the highest rate during the forecast period.
Market Segment by Regions, regional analysis covers 2019-2025:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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What are the Agriculture Robots market factors that are explained in the report
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: The Global Agriculture Robots Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Verified Market Research provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Verified Market Research provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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