Labor Shortage to Drive Agricultural Robots Market’s Growth

 

Triton Market Research presents the Global Agricultural Robots Market report sectioned by Type (UAVs/ Drone, Milking Robot, Automated Harvesting System, Driverless Tractor, Other Types), Application (Harvest Management, Dairy and Livestock Management, Crop Production, Other Applications), and Geography (North America, Asia-Pacific, Latin America, Europe, Middle East and Africa). The report further discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter’s Five Forces Analysis, Key Impact Analysis, Market Attractiveness Index, Vendor Scorecard, Industry Components, Regulatory Framework, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2022-2028).

Triton’s report suggests that the global market for agricultural robots is anticipated to witness growth at a CAGR of 19.98% over the forecast period 2022-2028.

 


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Robots are machines working autonomously to complete tasks with greater accuracy and less time. Moreover, they have now made their way into the agricultural sector with applications such as weed control, seeding, plowing, harvesting, etc.

The market's primary driving force is replacing human labor with robots. The shortage of laborers and their inability to multitask and work round the clock has led to the deployment of robots in the fields, thereby leading the studied market. Further, the restrictive use of pesticides, non-residual, pre-emergent herbicide reduction, and the rising demand for cost effective solutions generate various opportunities for the agricultural robots market.

However, the cost of maintaining robots and the high prices of robot software is a challenge to the market. Additionally, the technical limitation for operating and maintaining the robots can limit the market’s growth.

Globally, the Asia-Pacific is expected to emerge as the fastest growing region in the agricultural robots market. The rising food demand in the region has boosted the growth of the agricultural sector, which resulted in increased labor demand. Since people aren’t interested in agriculture as a career, farmers are heavily opting for agricultural robots. In this regard, using robots in farming has made the process less time-consuming and cost-efficient. Besides this, companies such as Farmnote, Inaho and Han’s Robot Co are boosting the region’s market with continuous technological innovations in their products. 

Leading companies thriving in the agricultural robots market are AGCO Corporation, Autonomous Solutions Inc, CNH Industrial, Deere & Company, Lely Holdings SARL, Trimble Inc, BouMatic Robotics BV, PrecisionHawk Inc, Naïo Technologies, Agrobot, Harvest Automation, Rowbot, EcoRobotix, Robotics Plus Ltd, and Precision AI.

Since the agricultural robots market is consolidated, the competition among the competitors gets high. This is due to the availability of varied products in the market, such as self-navigating capabilities in robots, aerial equipment, machinery for agricultural harvesting, sowing, plowing, etc. The innovation and product launches by companies such as AGCO Corporation and CNH Industrial mark for higher competitive rivalry.

 

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