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Agriculture Robots Global Market Report 2024 – Size, Trends, and Forecast 2024-2033
The Business Research Company’s Agriculture Robots Global Market Report 2024 is now available for pre-order, ensuring timely delivery.
LONDON, UK, October 18, 2024 /EINPresswire/ — The agriculture robots market is set to grow from $6.71 billion in 2023 to $8.37 billion in 2024, with a compound annual growth rate (CAGR) of 24.7%. This growth is driven by labor shortages, precision farming, and rising labor costs.
The market is projected to reach $19.45 billion by 2028, growing at a CAGR of 23.5%. Contributing factors include the rise of robotics-as-a-service (RaaS), sustainability initiatives, and increasing urban agriculture.
Key Growth Driver: Increasing labor costs will drive the adoption of agriculture robots, which automate tasks like planting and harvesting, improving efficiency and reducing reliance on manual labor.
Main Market Players: Key companies driving market growth include Deere & Company, DJI, AGCO, and Autonomous Tractor Corporation, among others.
Emerging Trends: Companies are innovating with technologies like the Solix, an autonomous crop monitoring robot offering real-time insights.
Market Segmentation:
- By Offering: Hardware, Software, Services
- By Type: Milking Robots, Drones, Automated Harvesters, Driverless Tractors
- By Produce: Fruits, Vegetables, Dairy, Field Crops
- By Environment: Indoor, Outdoor
- By Application: Harvest Management, Field Farming
Geographic Insights: North America was the leading region in 2023, while Europe is the fastest-growing region expected during the forecast.
Market Definition: Agriculture robots are automated systems that streamline labor-intensive tasks in farming, increasing productivity.
The Agriculture Robots Global Market Report 2024 includes historical and future market size data, macroeconomic factors, regional analysis, and insights into trends and opportunities.
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