Global Agriculture Robot Market is expected to reach US$ 65.5 billion by 2030, registering a CAGR of over 24.3%.
Global Agriculture Robot Market is valued at US$ 11.5 billion in 2022 and is expected to grow at a significant CAGR of over 24.3% over the forecast period of 2023-2030, market report by RationalStat
Market Definition, Market Scope, and Report Overview
The agriculture robot industry is expanding rapidly as a result of technical breakthroughs, changing agricultural practices, and the desire for better farming productivity and sustainability.
The world’s population is expected to continue growing, increasing demand for food. Agriculture robots can help farmers satisfy rising food demand by increasing crop yields and production efficiency. Because of demographic shifts and urbanization, many agricultural regions around the world are experiencing labour shortages. Furthermore, labour expenses are rising in many parts of the world. Agriculture robots provide a solution by automating chores that were formerly done by hand, such as planting, harvesting, and weeding.
According to a deep-dive market assessment by RationalStat, the global agriculture robot market has been analyzed on the basis of market segments, including type, farm produce, farming environment, application and geography/regions (incl. North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the global agriculture robot market covers market sizes on the basis of market value (US$/EUR Million) and sales volume (in units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
In addition, the long-term sector and products/services 10-year outlook and its implications on the global Agriculture Robot market. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
Global Agriculture Robot Market: Segmental and Market Share Analysis
On the basis of type, the milking robots segment is expected to account for the majority of the global agriculture robot market. These sophisticated machines are meant to milk cows without the need for human involvement, providing various advantages to dairy farmers.
On the basis of application, the harvest management segment will expand at the fastest CAGR. It has transformed traditional farming practices by providing more efficient, precise, and data-driven approaches for maximizing crop yields and minimizing losses.
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