The crop harvesting robots market is expected to grow by USD 81.65 million, progressing at a CAGR of over 27% during the forecast period.
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Technavio has announced its latest market research report titled Global Crop Harvesting Robots Market 2020-2024 (Graphic: Business Wire)
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The increasing focus on farm mechanization is one of the major factors propelling market growth. However, factors such as high maintenance cost will hamper the market growth.
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Crop Harvesting Robots Market: Product Landscape
Fruits such as strawberries and oranges are considered cash crops and hence, need to be harvested carefully, thus increasing the demand for fruit and vegetable harvesting robots. Fruit and vegetable harvesting robots can be programmed to harvest only those fruits and vegetables that are ready to be consumed. The possibility of such selective harvesting drives the demand for fruit and vegetable harvesting robots among growers. Market growth in this segment will be faster than the growth of the market in the grain harvesting robots segment.
Crop Harvesting Robots Market: Geographic Landscape
North America was the largest crop harvesting robots market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Increasing awareness among farmers about smart agriculture and the use of farm automation for increasing productivity and addressing the issue of labor shortage will significantly drive crop harvesting robots market growth in this region over the forecast period. 39% of the market's growth will originate from North America during the forecast period. The US is a key market for crop harvesting robots in North America. Market growth in this region will be faster than the growth of the market in APAC, Europe, and MEA.
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Companies Covered:
- Abundant Robotics Inc.
- Agrobot
- Cerescon BV
- Dogtooth Technologies Ltd.
- Energid Technologies Corp.
- FFRobotics
- Green Robot Machinery Pvt. Ltd.
- Harvest Automation
- Harvest CROO Robotics
- Torguga Agricultural Technologies Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Fruit and vegetable harvesting robots Market size and forecast 2019-2024
- Grain harvesting robots Market size and forecast 2019-2024
- Market opportunity by Product
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- APAC Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- MEA Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Abundant Robotics Inc.
- Agrobot
- Cerescon BV
- Dogtooth Technologies Ltd.
- Energid Technologies Corp.
- FFRobotics
- Green Robot Machinery Pvt. Ltd.
- Harvest Automation
- Harvest CROO Robotics
- Torguga Agricultural Technologies Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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