North America Autonomous Tractors Market Size, Share & Industry Trends Analysis Report By Crop Type (Fruits & Vegetables, Oilseeds & Pulses, and Cereals & Grains), By Component, By Farm Application, By Power Output, By Country and Growth Forecast, 2023 - 2029
The North America Autonomous Tractors Market would witness market growth of 18.8% CAGR during the forecast period (2023-2029).
The farmer can intervene if any issues arise because of the semi-autonomous systems' ability to work autonomously enough within practical ranges. This makes them more practical than completely autonomous machinery. Moreover, agricultural vehicles with operators enable the safety of such a semi-autonomous system to be effortlessly ensured without the incorporation of expensive sensors and difficult sensor fusion algorithms, making them the affordable to be purchased by farmers in emerging economies.
The tractor is the most widely used autonomous agricultural vehicle. Due to benefits like highly precise automated drilling, GPS, and other wireless technologies for accurate & reliable data collection on soil and crop conditions and managing control stations, autonomous tractors and harvesters are in high demand. During the forecast period, these markets will keep driving up sales for producers of autonomous agricultural equipment.
The market for autonomous tractors in North America is anticipated to grow in the future due mostly to the rising disposable incomes of farmers, a lack of trained agricultural labor, and advanced technology. The majority of farms in North America are substantial in size, and patronage is often strong. In the US, there is a growing market for autonomous tractors. The need for automated technologies is increasing as a result of the government's support for environmentally friendly production methods like precision farming that incorporate artificial intelligence (AI), the Internet of Things (IoT), and machine learning (ML). In light of this, market growth over the ensuing years may be predicted to be favorable.
The US market dominated the North America Autonomous Tractors Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,213.9 million by 2029. The Canada market is poised to grow at a CAGR of 21.5% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 20.4% during (2023 - 2029).
Based on Crop Type, the market is segmented Fruits & Vegetables, Oilseeds & Pulses, and Cereals & Grains. Based on Component, the market is segmented into Radar, GPS, Camera/Vision Systems, Ultrasonic Sensors, LiDAR, and Hand-held Devices. Based on Farm Application, the market is segmented into Tillage, Harvesting, Seed Sowing, and Others. Based on Power Output, the market is segmented into 101 HP & Above, 31 - 100 HP, and Below 30 HP. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include KUBOTA Corporation, CNH Industrial N.V., Deere & Company, AGCO Corporation, Mahindra & Mahindra Limited (Mahindra Group), Kinze Manufacturing, Inc., Alamo Group Inc. (Dutch Power B.V.), Yanmar Holdings Co., Ltd., Trimble, Inc. and Autonomous Tractor Corporation.
Scope of the Study
Market Segments covered in the Report:
By Crop Type
Fruits & Vegetables
Oilseeds & Pulses
Cereals & Grains
By Component
Radar
GPS
Camera/Vision Systems
Ultrasonic Sensors
LiDAR
Hand-held Devices
By Farm Application
Tillage
Harvesting
Seed Sowing
Others
By Power Output
101 HP & Above
31 - 100 HP
Below 30 HP
By Country
US
Canada
Mexico
Rest of North America
Companies Profiled
KUBOTA Corporation
CNH Industrial N.V.
Deere & Company
AGCO Corporation
Mahindra & Mahindra Limited (Mahindra Group)
Kinze Manufacturing, Inc.
Alamo Group Inc. (Dutch Power B.V.)
Yanmar Holdings Co., Ltd.
Trimble, Inc.
Autonomous Tractor Corporation
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Autonomous Tractors Market, by Crop Type
- 1.4.2 North America Autonomous Tractors Market, by Component
- 1.4.3 North America Autonomous Tractors Market, by Farm Application
- 1.4.4 North America Autonomous Tractors Market, by Power Output
- 1.4.5 North America Autonomous Tractors Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition & Scenario
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- Chapter 4. North America Autonomous Tractors Market by Crop Type
- 4.1 North America Fruits & Vegetables Market by Country
- 4.2 North America Oilseeds & Pulses Market by Country
- 4.3 North America Cereals & Grains Market by Country
- Chapter 5. North America Autonomous Tractors Market by Component
- 5.1 North America Radar Market by Country
- 5.2 North America GPS Market by Country
- 5.3 North America Camera/Vision Systems Market by Country
- 5.4 North America Ultrasonic Sensors Market by Country
- 5.5 North America LiDAR Market by Country
- 5.6 North America Hand-held Devices Market by Country
- Chapter 6. North America Autonomous Tractors Market by Farm Application
- 6.1 North America Tillage Market by Country
- 6.2 North America Harvesting Market by Country
- 6.3 North America Seed Sowing Market by Country
- 6.4 North America Others Market by Country
- Chapter 7. North America Autonomous Tractors Market by Power Output
- 7.1 North America 101 HP & Above Market by Country
- 7.2 North America 31 - 100 HP Market by Country
- 7.3 North America Below 30 HP Market by Country
- Chapter 8. North America Autonomous Tractors Market by Country
- 8.1 US Autonomous Tractors Market
- 8.1.1 US Autonomous Tractors Market by Crop Type
- 8.1.2 US Autonomous Tractors Market by Component
- 8.1.3 US Autonomous Tractors Market by Farm Application
- 8.1.4 US Autonomous Tractors Market by Power Output
- 8.2 Canada Autonomous Tractors Market
- 8.2.1 Canada Autonomous Tractors Market by Crop Type
- 8.2.2 Canada Autonomous Tractors Market by Component
- 8.2.3 Canada Autonomous Tractors Market by Farm Application
- 8.2.4 Canada Autonomous Tractors Market by Power Output
- 8.3 Mexico Autonomous Tractors Market
- 8.3.1 Mexico Autonomous Tractors Market by Crop Type
- 8.3.2 Mexico Autonomous Tractors Market by Component
- 8.3.3 Mexico Autonomous Tractors Market by Farm Application
- 8.3.4 Mexico Autonomous Tractors Market by Power Output
- 8.4 Rest of North America Autonomous Tractors Market
- 8.4.1 Rest of North America Autonomous Tractors Market by Crop Type
- 8.4.2 Rest of North America Autonomous Tractors Market by Component
- 8.4.3 Rest of North America Autonomous Tractors Market by Farm Application
- 8.4.4 Rest of North America Autonomous Tractors Market by Power Output
- Chapter 9. Company Profiles
- 9.1 KUBOTA Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.5.2 Product Launches and Product Expansions:
- 9.1.5.3 Acquisition and Mergers:
- 9.2 CNH Industrial N.V
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Regional & Segmental Analysis
- 9.2.4 Research & Development Expenses
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.5.3 Acquisition and Mergers:
- 9.3 Deere & Company
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expenses
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Product Launches and Product Expansions:
- 9.3.5.2 Acquisition and Mergers:
- 9.4 AGCO Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Acquisition and Mergers:
- 9.5 Mahindra & Mahindra Limited (Mahindra Group)
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Segmental and Regional Analysis
- 9.5.4 Research & Development Expense
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Acquisition and Mergers:
- 9.6 Kinze Manufacturing, Inc.
- 9.6.1 Company Overview
- 9.6.2 Recent strategies and developments:
- 9.6.2.1 Product Launches and Product Expansions:
- 9.7 Alamo Group Inc. (Dutch Power B.V.)
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expenses
- 9.8 Yanmar Holdings Co., Ltd.
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Recent strategies and developments:
- 9.8.3.1 Product Launches and Product Expansions:
- 9.9 Trimble, Inc.
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 Segmental and Regional Analysis
- 9.9.4 Research & Development Expenses
- 9.10. Autonomous Tractor Corporation
- 9.10.1 Company Overview
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