Agricultural Tractor Robots Market Growing Popularity and Emerging Trends in the Market
Global agricultural tractor robots’ market is estimated to grow at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. The factors that propel the growth of the agricultural tractor robots market include the growing population and increasing food consumption, reduced time & manpower and high acceptance of precision farming. On the other hand, there are factors that may hamper the growth of the market including high cost due to complex machinery and strict government regulations and policies.
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Agricultural tractor robots market may be explored by type, application, and geography. Agricultural tractor robots market may be explored by type as Materials management, UAV, Milking robots, and Driverless tractor. The “Milking robots” segment led the agricultural tractor robots market in 2017 and is anticipated to maintain its dominance by 2024.
Agricultural tractor robots market could be explored based on the application as Animal management, Field farming, Dairy management, Crop management, and Soil management. The “Dairy management” segment led the agricultural tractor robots market in 2015 and is anticipated to maintain its dominance by 2024.
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Agricultural tractor robots market is categorized based on geography into North America, Latin America, Japan, Middle East, and Africa, Western Europe, Asia Pacific, and Eastern Europe. The “North America” segment led the agricultural tractor robots market in 2015 and is anticipated to maintain its dominance by 2024. The key factors that could be attributed to the growth include the high occurrence of vendors for agriculture robots, the presence of higher farming land, and increase agricultural production.
The key players contributing to the robust growth of the agricultural tractor robots market comprise GEA Group, DE Laval, AGCO, Autonomous Tractor Corporation, Autonomous Solutions Inc., Lely, John Deere, Harvest Automation, Deerfield Robotics, and Clear Path Robotics. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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