The Business Research Company Global Autonomous Farm Equipment Market Report 2021 – COVID 19 Growth and Change
LONDON, GREATER LONDON, United Kingdom, October 29, 2021 /EINPresswire.com/ – The growing use of autonomous tractors is a key factor in the growth of the autonomous agricultural equipment market. Autonomous tractors use a number of sophisticated systems and sensors that would possess an efficient autonomous vehicle, and by incorporating these advanced systems into mainstream agriculture, farmers will benefit from a positive technological effect in the workplace. Alternatively, autonomous tractors can be configured to function as mobile access points to collect data from sensors in the field. In addition, about 34.5% of the global demand for autonomous agricultural machinery will retain a production capacity of 31-100 HP of agricultural tractors in 2026. Therefore, the demand for autonomous tractors is expected to drive the growth of the autonomous agricultural equipment market. .
The global market size for autonomous agricultural equipment is expected to grow from $ 62.31 billion in 2020 to $ 74.03 billion in 2021 at a compound annual growth rate (CAGR) of 18.8%. The growth is mainly due to companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, the remote work and closure of business activities which resulted in operational challenges. The market is expected to reach $ 127.30 billion in 2025 at a CAGR of 15%.
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The main players in the global autonomous agricultural equipment industry are Claas KGaA GmbH, Deutz Fahr, AGCO Corporation, John Deere, Case IH, Agrobot, Autonomous Tractor Corporation, Yanmar, Iseki & Co., Kubota, Bobcat, Agribotix, Agricultural Solutions Ltd, Harvest Automation, Mahindra, Energid, Autonomous Solutions, Agritronics, Kinze Manufacturing, SDF SpA, RowBot Systems LLC, Robotic Harvesting LLC, Jaybridge Robotics, Agrobotics AutoProbe, Naio Technologies, New Holland Agriculture, CNH Industrial NV
TBRC Global Autonomous Farm Equipment Market report is segmented by Product Type into Tractors, Combine Harvesters, Unmanned Aerial Vehicles (UAVs), Others, by Technology in Partly Autonomous, Fully Autonomous, by Application in Agriculture , horticulture, animal husbandry, forestry, others.
Global Autonomous Farm Equipment Market Report 2021 – By product type (tractors, harvesters, unmanned aerial vehicles (UAVs)), by technology (partially autonomous, fully autonomous), by application (agriculture, horticulture, animal husbandry, forestry), COVID 19 Growth And Change is part of a series of new reports from The Business Research Company which provides global self-contained farming equipment market overview, forecast on global self-contained farming equipment market size and growth for the overall market, equipment market segments autonomous agricultural equipment and geographies, global autonomous agricultural equipment market trends, autonomous agricultural equipment driving the global market, restraints, revenues, profiles and market shares of major competitors.
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