Agricultural Robots Market Expected to Reach USD $17.0 Billion Till 2024


Global Agricultural Robots Market Research Report 2018-2024 provides an in-depth analysis of the North America, Europe , Middle East and Africa , Latin America , Asia Pacific, Rest of the World appraisal market by value, by volume, by segments, by number of AMCs, appraiser’s tenure, etc. The report also gives an insight of the Global addressable appraisal market opportunity.

On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

This report provides a detailed analysis of the Agricultural Robots market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

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Global agricultural robots market reached USD 3.5 Billion in 2016 and is expected to account USD 17.0 Billion by the end of 2024 with a CAGR of 22.0% over the forecast period. On the basis of technology, hardware segment tend to dominate the market due to extensive use of advanced components such as sensors and monitoring device GPS in field farming. Based on product type, the milking robots are dominating the market due to increase in number of milk yield and dairy farms.
Geographically, North America dominates the global agricultural robots market because of rising adoption of advanced robots in agriculture sector. North America agricultural robots market generated a revenue share of more than 50% in overall agricultural robots market owing to rising investment in agriculture sector.
Key Trends and Growth Drivers
There are certain factors which are driving the growth of global agricultural robots market. Some of them are mentioned below:
1)Increasing demand for food, grain, crops and other agricultural products are increasing pressure on the agriculture sector to increase the supply of quality crops.
2) Agricultural robots help in reducing human errors and offers precise farming.
There are several hindrances that may curtail the growth of this market. They are:
1) Lack of skilled expertise is a major challenge for the agricultural robots market.
2) High cost of agricultural robots poses a major challenge for the market players

Essential points covered in Global Agricultural Robots Market 2018 Research are:-

  • What will the market size and the growth rate be in 2024?
  • What are the key factors driving the global Agricultural Robots market?
  • What are the key market trends impacting the growth of the global Agricultural Robots market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Agricultural Robots market?
  • What are the market opportunities and threats faced by the vendors in the global Agricultural Robots market?
  • What are the key outcomes of the five forces analysis of the global Agricultural Robots market?

This independent 230 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Agricultural Robots market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2024.

Furthermore, the report provides a detailed analysis of the global Agricultural Robots market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.The report also includes a detailed analysis of the global Agricultural Robots market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

Companies Mentioned are Energid, Clearpath Robotics, Autonomous Solution, Wageningen UR, Agritronics, Kinze Manufacturing, Harvest Automation, ISO Group, Helper Robotech, Blue River Technologies, Vision Robotics

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The Agricultural Robots market is expected to increase due to growth in GDP per-capita, international tourism, etc. Yet, the market faces some challenges such as, global economic downturn, high probability of terror attack, etc. The global Agricultural Robots market is expected to grow at a healthy rate during the forecast period (2018-2024). The growth is expected on account of many factors, such as an increase in disposable income, increasing international inbound and outbound tourism and aging demography.

However, the market also faces some challenges, which includes increase in the number of terror attacks, heavy taxes imposed on the tour operators and seasonality dependence. Digital travel, evolution of eco-tourism and rise of adventure tourism are some of the latest trends in the global Agricultural Robots market.

The report provides a basic overview of the Agricultural Robots industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Agricultural Robots industry development trends and marketing channels are analyzed.

The research includes historic data from 2014 to 2017 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Agricultural Robots on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Agricultural Robots Market and assist manufacturers and investment organization to better grasp the development course of Agricultural Robots Market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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