Taiwan Agriculture Robots Market is expected to reach USD 90.72 million by 2030
The adoption of agricultural robots in India driven by increasing drone usage in precision farming is driving up demand for the agriculture robots market during the forecast period.
Taiwan Agriculture Robots Market is valued at USD 18.39 million in 2022 and is expected to reach USD 90.72 million by 2030, with a CAGR of 20.9% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
Taiwan, like many other countries, is experiencing a shortage of agricultural labor. The younger generation is less inclined to pursue careers in farming, leading to a decline in available farm labor. Agriculture robots provide a viable solution by automating labor-intensive tasks, reducing reliance on manual labor, and ensuring continuous farming operations. These robots help alleviate the impact of labor shortages and maintain productivity in the agricultural sector. Thus, it is expected to boost the growth of the market within the country.
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.
On the contrary, Taiwan’s agricultural industry is benefiting from the use of artificial intelligence (AI), machine learning, and robots. These technologies have made agricultural robots more sophisticated, intelligent, and capable of performing a wide range of tasks, such as planting cover crops, managing diverse cropping systems, and providing real-time data on soil health indicators. These advancements are expected to create ample opportunities for the agricultural robots market in Taiwan.
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According to the report, leading players in the Taiwan agriculture robots market include GreenRobotics, Yamaha Motor, Kubota, JCB, Deere & Company, New Holland Agriculture, Mitsubishi Heavy Industries, Taiho Technology, Linde Material Handling, and Agrobotix.
Key Insights from the Taiwan Agriculture Robots Market Report:
The information related to key drivers, restraints, and opportunities and their impact on the Taiwan 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 Taiwan agriculture robots market is provided in the report along with their competitive analysis.