DUBLIN--(BUSINESS WIRE)--Nov 25, 2022--
The "Global Agricultural Robots Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
The study by the publisher suggests that the global agricultural robots market would show an uptrend at a CAGR of 19.98% over the forecast period 2022-2028.
Companies Mentioned
The market's growth is supported by factors such as a shortage of labor, the need to protect crops from excessive pesticide use, and the rising demand for cost-effective solutions. The rising food demand causes an increase in labor requirements. As agriculture isn't an ideal career option for people, it leads to a labor shortage.
This results in the farmers opting for robotic machines to carry out all the tasks previously performed by humans, thus supporting the market's growth. On the contrary, the lack of skilled labor for the timely maintenance of robots and the high cost of robotic software restrict the agricultural robots market's growth.
The global agricultural robots market covers North America, the Asia-Pacific, Europe, Latin America, and the Middle East and Africa.
Globally, the Asia-Pacific is expected to witness the fastest growth over the forecast period. The region has observed rising food demand due to the increasing population. The boom in agriculture has increased the need for laborers in the sector. Since few people are keen to develop a career in the agricultural industry, there is a labor shortage in the region. As a result, farmers are opting for agricultural robots to carry out farming activities effectively.
The robots also help evenly spray pesticides on the crops, preventing crop damage. However, the cost of maintaining robots can be a barrier to the growth of the region's market. Nevertheless, the presence of leading companies such as Farmnote, Inaho, and Han's Robot Co Ltd, is influencing the studied market's growth.
Key Topics Covered:
1. Global Agricultural Robots Market - Summary
2. Industry Outlook
2.1. Impact of Covid-19 on the Agricultural Robots Market
2.2. Key Insights
2.2.1. Ai Integration With Agricultural Robots
2.2.2. Product Launch - Significant Market Strategy
2.3. Porter's Five Forces Analysis
2.4. Key Impact Analysis
2.4.1. Cost Efficiency
2.4.2. Durability
2.4.3. Time Consumption
2.4.4. Technology
2.5. Market Attractiveness Index
2.6. Vendor Scorecard
2.7. Industry Components
2.8. Regulatory Framework
2.9. Key Market Strategies
2.9.1. Acquisitions
2.9.2. Product Launch
2.9.3. Alliance
2.10. Market Drivers
2.10.1. Shortage of Labor
2.10.2. Need for Protecting Crops from Excessive Pesticide Use
2.10.3. Rising Demand for Cost-Effective Solutions
2.11. Market Challenges
2.11.1. Expensive Maintenance of Robots
2.11.2. High Cost of Robotics Software
2.11.3. Technical Limitations
2.12. Market Opportunities
2.12.1. Increased Food Demand Due to Rising Population
2.12.2. Acquisition by Key Players
3. Global Agricultural Robots Market Outlook - by Type
4. Global Agricultural Robots Market Outlook - by Application
5. Global Agricultural Robots Market - Regional Outlook
6. Competitive Landscape
7. Research Methodology & Scope
For more information about this report visit https://www.researchandmarkets.com/r/v5oc9j
View source version on businesswire.com:https://www.businesswire.com/news/home/20221125005129/en/
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KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY AGRICULTURE ROBOTICS NATURAL RESOURCES
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/25/2022 05:25 AM/DISC: 11/25/2022 05:26 AM
http://www.businesswire.com/news/home/20221125005129/en