Global Agricultural Robots Market 2022-2028
MARKET OUTLOOK
The study by Triton Market Research suggests that the global agricultural robots market would show an uptrend at a CAGR of 19.98% over the forecast period 2022-2028.
The market’s growth is supported by factors such as a shortage of labor, the need to protect crops from excessive pesticide use, and the rising demand for cost-effective solutions. The rising food demand causes an increase in labor requirements. As agriculture isn’t an ideal career option for people, it leads to a labor shortage. This results in the farmers opting for robotic machines to carry out all the tasks previously performed by humans, thus supporting the market’s growth. On the contrary, the lack of skilled labor for the timely maintenance of robots and the high cost of robotic software restrict the agricultural robots market’s growth.
REGIONAL OUTLOOK
The global agricultural robots market covers North America, the Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
Globally, the Asia-Pacific is expected to witness the fastest growth over the forecast period. The region has observed rising food demand due to the increasing population. The boom in agriculture has increased the need for laborers in the sector. Since few people are keen to develop a career in the agricultural industry, there is a labor shortage in the region. As a result, farmers are opting for agricultural robots to carry out farming activities effectively. The robots also help evenly spray pesticides on the crops, preventing crop damage. However, the cost of maintaining robots can be a barrier to the growth of the region’s market. Nevertheless, the presence of leading companies such as Farmnote, Inaho, and Han’s Robot Co Ltd, is influencing the studied market’s growth.
COMPETITIVE OUTLOOK
The key players listed in the global agricultural robots market include EcoRobotix, Deere & Company, BouMatic Robotics BV, AGCO Corporation, Naïo Technologies, Harvest Automation, Precision AI, PrecisionHawk Inc, Rowbot, Lely Holdings SARL, Autonomous Solutions Inc, CNH Industrial, Trimble Inc, Robotics Plus Ltd, and Agrobot.
Lely is a manufacturing company offering various products for housing, feeding, milking, caring, etc. The company’s products include Lely Qwes, Lely Calm, Lely Meteor, and others. The company has operations in the region of North America, Europe, Latin America, and Asia-Pacific. Founded in 1948, Lely Holdings SARL is headquartered in Maassluis, the Netherlands.
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