Autonomous Farm Equipment Market : Global Industry Analysis And Forecast (2023-2029)

Autonomous Farm Equipment Market was valued at US$ 82.26 Bn in 2022 and is expected to reach US$ 188.20 Bn by 2029, at a CAGR of 12.55% during a forecast period.

The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology:-Request Free Sample Report
Autonomous Farm Equipment Market Segment Analysis
Based on the product type, tractors are expected to hold the largest share in the market because the autonomous tractors have an advanced system. In addition, autonomous tractors have features such as auto-steering systems which provide superior control even in low-visibility conditions, and they can be set up with mobile hotspots to collect data from the sensors that are located all over the field.

On the basis of type, a partial autonomous type is expected to hold the largest share in the market due to cost efficiency.
Autonomous Farm Equipment Market Dynamics
Major driving factors of the market are, autonomous equipment's minimizing human efforts required in farm processes such as harvesting, seed sowing, fertilization, and scarifying. Partially, the autonomous equipment helps to reduce the human effort by assisting the driver in certain actions. While autonomous equipment is driverless, they completely replace the driver with numerous software and hardware components.

Autonomous equipment is more precise and helps in planting, sowing, harvesting, and performing other functions more precisely, ultimately helping in the enhancement of yield capacity. The rising lack of labor conditions is also propelling the market. The high cost of fully autonomous and partially autonomous equipment is expected to hamper the market; moreover, they are anticipated to be profitable in the long-term, as they are anticipated to repay their cost by saving on labor charges.
Autonomous Farm Equipment Market Regional Insights
In terms of region, North America is expected to hold the largest share of the market due to this region is an early adopter of advanced technologies, which is the major factor for the huge market share of the region in the Global Hands-Free Power Liftgate Market across the globe. Rising demand from this region for products such as tractors, harvesters, and UAV installed with auto-steering functions is also boosting the market.

The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Hands-free Power Liftgate Market, Key Highlights:
Global Hands-Free Power Liftgate Market analysis and forecast, in terms of value.

Comprehensive study and analysis of market drivers, restraints, and opportunities influencing the growth of the Global Hands-Free Power Liftgate Market

Global Hands-Free Power Liftgate Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.

Global Hands-Free Power Liftgate Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.

Global Hands-Free Power Liftgate Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America along with country-wise segmentation.

Profiles of key industry players, their strategic perspective, market positioning, and analysis of core competencies are further profiled.

Competitive developments, investments, strategic expansion, and competitive landscape of the key players operating in the Global Global Hands-Free Power Liftgate Market are also profiled.
Autonomous Farm Equipment Market Scope: Inquire before buying



Global Autonomous Farm Equipment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 82.26 Bn.


Forecast Period 2023 to 2029 CAGR:
12.55%
Market Size in 2029:
US $ 188.20 Bn.


 Segments Covered:
by Type
Partial Automation
Complete Automation


by Product Type
Tractors
Harvesters
Others


by Component
Sensors
GPS
Vision Systems
Others



Autonomous Farm Equipment Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Autonomous Farm Equipment Market, Key Players are
1. Bobcat
2. ClaasKGaA GmbH
3. Kubota
4. Deutz-Fahr
5. Yanmar
6. Iseki & Co.
7. AGCO Corporation
8. John Deere
9. Case IH
10. New Holland
11. Agrobot
12. Energid
13. Clearpath Robotics
14. Autonomous Solutions
15. Wageningen UR
16. Agritronics
17. Kinze Manufacturing

Frequently Asked Questions:

1. Which region has the largest share in Global Autonomous Farm Equipment Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global Autonomous Farm Equipment Market?
Ans: The Global Autonomous Farm Equipment Market is growing at a CAGR of 12.55% during forecasting period 2023-2029.

3. What is scope of the Global Autonomous Farm Equipment Market report?
Ans: Global Autonomous Farm Equipment Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Market?
Ans: The important key players in the Global Autonomous Farm Equipment Market are – Bobcat, ClaasKGaA GmbH, Kubota, DeutzFahr, Yanmar, Iseki & Co., AGCO Corporation, John Deere, Case IH, New Holland, Agrobot, Energid, Clearpath Robotics, Autonomous Solutions, Wageningen UR, Agritronics, and Kinze Manufacturing

5. What is the study period of this Market?
Ans: The Global Autonomous Farm Equipment Market is studied from 2022 to 2029.