Rest of World Agriculture Robots Market is expected to reach USD 1.98 billion by 2030
The overcoming labor shortages with agriculture robots and meeting the growing demand for efficiency and precision in RoW are driving up demand for the agriculture robots market during the forecast period.
RoW Agriculture Robots Market is valued at USD 0.52 billion in 2022 and is expected to reach USD 1.98 billion by 2030, with a CAGR of 17.1% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
Across various countries worldwide, the agricultural industry is grappling with labor shortages. The combination of an aging farming population and a decline in younger individuals pursuing agricultural careers has led to a scarcity of skilled labor. To address this challenge, agriculture robots offer valuable assistance by automating labor-intensive tasks and reducing reliance on manual labor. By incorporating these robots into their operations, farmers can overcome labor issues and sustain productivity levels while ensuring a consistent outpu. Thus, it is expected to create significant growth of the market in RoW.
The growing global population and the need to feed a rising number of people require efficient and precise farming practices. Agriculture robots offer enhanced efficiency by optimizing resource utilization, reducing waste, and improving overall farm productivity. With their ability to perform tasks consistently and accurately, these robots contribute to better crop yields and higher-quality agricultural products, which is further expected to boost the growth of the market in RoW.
However, the substantial upfront expenses related to acquiring and adopting agriculture robots can present a notable obstacle. The initial investment needed to procure robotic equipment, incorporate it into existing farming practices, and train personnel can be financially challenging for numerous farmers, particularly those operating on a smaller scale or with limited resources.
Artificial intelligence (AI), machine learning, and robotics are transforming the agriculture industry in the Rest of the World (RoW). These technologies are enabling the development of more sophisticated and capable agricultural robots that can perform a wide range of tasks, such as planting cover crops, maintaining different cropping systems, and providing real-time data on soil health indicators. These advances are expected to create ample opportunities for the RoW agricultural robotics industry, which is projected to grow significantly in the future.
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According to the report, leading players in the RoW agriculture robots market include Blue River Technology, Agrobotix, Digi-Farm, Field Robots, Kuka Agbot, Lely, Robotnik, Topcon Agriculture, Yara, and Zeta Robotics.
Key Insights from the RoW Agriculture Robots Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the RoW agriculture robots market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the RoW agriculture robots market is provided in the report along with their competitive analysis.