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2021 Autonomous Agricultural Equipment Global Market Report-COVID 19 Growth and Changes
Commercial Research Company's 2021 Autonomous Agricultural Equipment Global Market Report-COVID 19 Growth and Changes
London, Greater London, UK, October 29, 2021/EINPresswire.com/-The increasing use of automatic tractors is a key factor driving the growth of the automatic agricultural equipment market. Automatic tractors use many complex systems and sensors. These systems and sensors will become effective self-driving vehicles. By incorporating these advanced systems into ordinary agriculture, farmers will experience positive technical effects in the workplace. Alternatively, the automatic tractor can be set up as a mobile hotspot to collect data from field sensors. In addition, about 34.5% of the global demand for automatic agricultural machinery in 2026 will retain the 31-100 horsepower output capacity of agricultural tractors. Therefore, the demand for automatic tractors is expected to drive the growth of the automatic farm equipment market.
The global autonomous agricultural equipment market is expected to grow from USD 62.31 billion in 2020 to USD 74.03 billion in 2021, with a compound annual growth rate (CAGR) of 18.8%. The growth is mainly due to the company's resumption of operations and adapting to the new normal, while recovering from the effects of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and closure of business activities, leading to operations challenge. The market size is expected to reach 127.3 billion US dollars in 2025, with a compound annual growth rate of 15%.
Read more about the global autonomous agricultural equipment market report: https://www.thebusinessresearchcompany.com/report/autonomous-farm-equipment-market-global-report-2020-30-covid-19-growth-and-change
Major players in the global autonomous agricultural equipment industry include Claas KGaA GmbH, Deutz Fahr, AGCO Corporation, John Deere, Case IH, Agrobot, Autonomous Tractor Corporation, Yanmar, Iseki & Co., Kubota, Bobcat, Agribotix, Agriculture Solutions Ltd, Harvest Automation, Mahindra, Energid, Autonomous Solutions, Agritronics, Kinze Manufacturing, SDF SpA, RowBot Systems LLC, Robotic Harvesting LLC, Jaybridge Robotics, Agrobotics AutoProbe, Naio Technologies, New Holland Agriculture, CNH Industrial NV
TBRC's global autonomous agricultural equipment market report is divided into tractors, harvesters, unmanned aerial vehicles (UAV), etc. according to product types, partially autonomous and fully autonomous according to technology, and applied to agriculture, horticulture, animal husbandry, forestry, etc.
2021 Autonomous Agricultural Equipment Global Market Report-By product type (tractors, harvesters, unmanned aerial vehicles (UAV)), by technology (partially autonomous, fully autonomous), by application (agriculture, horticulture, animal husbandry, forestry), COVID 19 Growth And Change is one of a series of new reports from The Business Research Company. The report provides an overview of the global market for automatic agricultural equipment, forecasts the global market size of automatic agricultural equipment and the growth of the entire market, segmentation of automatic agricultural equipment, and geography. , The global market trend of automatic agricultural equipment, the driving factors and limiting factors of the global market of autonomous agricultural equipment, the income, overview and market share of leading competitors.
Request a sample of the global independent agricultural equipment market report: https://www.thebusinessresearchcompany.com/sample.aspx?id=3219&type=smp
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