The global agricultural robotic equipment market is projected to experience a compound annual growth rate (CAGR) of 20.6% from 2024 to 2029. It is anticipated that by 2029, the market will have reached a value of USD 51,149 million. The growth of this market can be attributed to several key factors. Firstly, there is a shortage of labor in the agricultural sector, which has propelled the adoption of robotic equipment. Additionally, the increasing cost of labor has further incentivized farmers to invest in automated solutions. Moreover, the growing demand for food and agricultural products has created a need for efficient and productive farming practices, which can be achieved through the use of agricultural robotic equipment.
Furthermore, the market growth is driven by the adoption of emerging technologies in the agricultural sector. These technologies, such as Artificial Intelligence (AI) and the Internet of Things (IoT), are being integrated into robotic equipment, enabling advanced functionalities and improved performance. Additionally, there is increasing research and development focused on developing new applications for agricultural robotic equipment, aiming to enhance productivity and simplify tasks for humans while ensuring optimal outcomes.
During the indicated period, the agricultural robotic equipment market witnessed significant growth in various segments, including dairy farming, animal management, field farming, soil management, and crop management. The global dairy farming segment market experienced a CAGR of 21.3% from USD 5,320 million in 2020 to USD 9,486 million in 2023. This segment is expected to continue its rapid growth in the upcoming years, reaching USD 29,429 million in 2029 at a CAGR of 20.9%. Dairy farming automation involves the integration of robotic systems for tasks such as feeding, milking, estrus and birth detection, egg collection, exercising, barn cleaning, animal cooling, and environmentally-controlled housing, among others. The implementation of automation in dairy farming offers numerous advantages, including time savings, reduced labor requirements, improved product quality, increased production efficiency, enhanced accuracy, and improved safety measures. However, it is important to note that automation entails significant installation and repair costs, making it more suitable for commercial and institutional farms.
In terms of geography, North America has emerged as the dominant player in the agricultural robotic equipment market studied in 2023. Following closely behind are Europe and Asia-Pacific. The United States holds the dominant position in the North American agricultural robotic equipment market, boasting a substantial market share of 84.2% in 2023. Notably, it also ranks among the largest markets for autonomous tractors within the agricultural robots and mechatronics market. The United States is home to prominent industry players such as Autonomous Tractor Corporation and Agrobotics LLC. Several key factors contribute to the strong market presence in the United States, including extensive large-scale farming operations, a declining labor force, and a pressing need to augment agricultural productivity.
Key players in the agricultural robotic equipment market include Deere & Co., CNH Industrial N.V., AGCO Corporation, CLAAS KGaA mbH, Mitsubishi Agricultural Machinery Co., Ltd., AG Leader Technology, Inc., Topcon Positioning Systems, Inc., AgEagle Aerial Systems Inc., Trimble Inc., Yanmar Co., Ltd., DeLaval, Inc., and others like CropX Inc., Ceres Imaging, Inc., Gamaya SA, Lely Industries N.V., SZ DJI Technology Co., Ltd., GEA Group AG, and Autonomous Solutions, Inc. They hold significant market share, have strong technology and distribution channels, and contribute to the development and accessibility of advanced solutions.
This study aims to analyze the global market for various segments of agricultural robotic equipment, including:
Application: Dairy Farming, Animal Management, Field Farming, Soil Management, and Crop Management.
Region: North America (USA, Canada, and Mexico), Europe (Germany, France, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia Pacific), Latin America, Middle East, and Africa.
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 4
Part 1. Key Findings 6
Part 2. Scope and Methodology 7
Report Scope 8
Application 8
Region 8
Research Methodology 10
Part 3. Agricultural Robotic Equipment Market Overview 12
Summary 12
Part 4. Market Dynamics 14
Growth Drivers 14
Restraints and Challenges 16
Opportunities 18
Future Trends 20
Part 5. Global Agricultural Robotic Equipment Market by Application 22
Part 6. Global Agricultural Robotic Equipment Market by Region 25
North America (USA, Canada, and Mexico) 28
Europe (Germany, France, UK, Spain, Russia, and Rest of Europe) 31
Asia-Pacific (China, Japan, India, Australia, and Rest of Asia Pacific) 37
Latin America (Brazil and Rest of Latin America) 42
Middle East and Africa 45
Part 7. Competitive Analysis 47
Competition Overview 47
Recent Developments 49
Deere & Co. 51
Business Overview 51
Contact Information 54
CNH Industrial N.V. 55
Business Overview 55
Contact Information 57
AGCO Corporation 58
Business Overview 58
Contact Information 61
CLAAS KGaA mbH 62
Business Overview 62
Contact Information 63
Mahindra & Mahindra Limited 64
Business Overview 64
Contact Information 66
Mitsubishi Agricultural Machinery Co., Ltd. 67
Business Overview 67
Contact Information 67
AG Leader Technology, Inc. 68
Business Overview 68
Contact Information 68
Topcon Positioning Systems, Inc. 69
Business Overview 69
Contact Information 69
AgEagle Aerial Systems Inc. 70
Business Overview 70
Contact Information 72
Trimble Inc. 73
Business Overview 73
Contact Information 75
Yanmar Co., Ltd. 76
Business Overview 76
Contact Information 76
DeLaval, Inc. 77
Business Overview 77
Contact Information 77
Other Companies 78
Disclaimer 79
FIGURES AND TABLES
Global Agricultural Robotic Equipment Market, Net Growth, 2020-2029 (USD Million)
Global Agricultural Robotic Equipment Market by Application, 2020-2029 (USD Million)
Global Agricultural Robotic Equipment Market by Application, CAGR Historic and Forecast, 2020-2029
Global Agricultural Robotic Equipment Market Share by Region, 2023
Global Agricultural Robotic Equipment Market by Region, 2020-2029 (USD Million)
Global Agricultural Robotic Equipment Market by Region, CAGR Historic and Forecast, 2020-2029
North America Agricultural Robotic Equipment Market, Net Growth, 2020-2029 (USD Million)
North America Agricultural Robotic Equipment Market Share by Country, 2023
Europe Agricultural Robotic Equipment Market, Net Growth, 2020-2029 (USD Million)
Europe Agricultural Robotic Equipment Market Share by Country, 2023
Asia-Pacific Agricultural Robotic Equipment Market, Net Growth, 2020-2029 (USD Million)
Asia-Pacific Agricultural Robotic Equipment Market Share by Country, 2023
Latin America Agricultural Robotic Equipment Market, Net Growth, 2020-2029 (USD Million)
Latin America Agricultural Robotic Equipment Market Share by Country, 2023
Middle East and Africa Agricultural Robotic Equipment Market, Net Growth, 2020-2029 (USD Million)
Middle East and Africa Agricultural Robotic Equipment Market Share by Country, 2023
Deere & Co. Financial Overview (USD Million)
Deere & Co. Revenue, by Segment, 2022
Deere & Co. Revenue, by Type, 2022
Deere & Co. Revenue, by Region, 2022
CNH Industrial N.V. Financial Overview (USD Million)
CNH Industrial N.V. Revenue, by Segment, 2022
AGCO Corporation Financial Overview (USD Million)
AGCO Corporation Revenue, by Segment, 2022
AGCO Corporation Revenue, by Region, 2022
AGCO Corporation Revenue, by Country, 2022
CLAAS KGaA mbH Financial Overview (EURO Million)
CLAAS KGaA mbH Revenue, by Region, 2023
Mahindra & Mahindra Limited Financial Overview (INR Billion)
Mahindra & Mahindra Limited Revenue, by Segment, 2022
Mahindra & Mahindra Limited Revenue, by Region, 2023
AgEagle Aerial Systems Inc. Financial Overview (USD Thousand)
AgEagle Aerial Systems Inc. Revenue, by Segment, 2022
AgEagle Aerial Systems Inc. Revenue, by Region, 2022
Trimble Inc. Financial Overview (USD Million)
Trimble Inc. Revenue, by Segment, 2022
Trimble Inc. Revenue, by Type, 2022
Trimble Inc. Revenue, by Region, 2022
Yanmar Co., Ltd. Financial Overview (JPY Billion)