The report indicates that revenues from the global autonomous farm equipment market will increase at an impressive 13.6% CAGR by the forecast period 2026. The
report further projects global sales of autonomous farm equipment to
account for revenues worth nearly US$ 170,000Mn by 2026-end.
Agriculture is one amongst the most overbearing industry since the beginning of
human civilization. Constant growth in population, increasing need for
food, fuel and feed is anticipated to influence trifold of the
present-day cultivation.
For this purpose, strategies such as initiation of autonomous farming and mechanization are adopted on a
larger basis for yielding more from the constrained arable land.
Increasing labor shortage and changing trends for the use of autonomous
equipment are driving the demand for autonomous farm equipment.
Development of IoT along with GPS systems application has transformed
the agriculture industry.
High cost essential for the improvement of the equipment performance is likely to affect the product
penetration. However, industry players are working towards reducing the
total cost by making it affordable, which ultimately will increase the
product penetration. M&A are amongst the foremost stratagems
executed by the manufactures, in order to form exceptional foot hold in
farm equipment industry.
Moreover, the equipment provides less downtime and can be utilized even during night as well as extreme fog
condition. Autonomous farm equipment provides with outstanding fuel
efficiency, compared to standard counterparts and has less chances for
errors. Variable climatic conditions and challenges like water shortage
are dealt with the help of these equipment.
31–100 HP Output Power of Farm Tractors to Gain Traction during the Forecast Period
U.S., India and China are amongst the topmost countries witnessing maximum
sales of farm tractors. 31–100 HP output power of farm tractors holds
nearly 34.5% of the global market for autonomous farm equipment
throughout 2026. Canada and U.S. contribute largely towards the growth
of the segment. Factors such as low cost in comparison to restricted
agricultural land for each farmer and superior horsepower farm tractors
will drive fuel the market for medium and small range farm tractors in
North America and APEJ.
APEJ’s Autonomous Farm Equipment Market to Hold the Lion’s Share in Global Market by Expanding at Exceptional 14.1% CAGR
The market size of APEJ’s autonomous farm equipment is expected to reach a
value of US$ 65165.8Mn throughout 2026, due to strong existence of
well-known industry competitors in the region. High revenue production
can be credited to rolling demand of products like tractors, harvesters
and UAV (unmanned aerial vehicle), installed with auto steering
operations.
North America’s market for autonomous farm equipment is likely to depict momentous growth through 2026. Increasing product
use in the region provides better fuel proficiency and higher
productivity, which will drive the growth of industry players. Varying
trend with regards to smart devices due to expansion of agrarian
economies like India, will positively impact the product penetration in
APEJ region.
In terms of revenues, partially autonomous equipment contribute significantly to the global market for autonomous farm
equipment, subject to their extensive commercialization &
competitive pricing. Tractors are expected to lead the market for
autonomous farm equipment, in terms of revenue share, contributing
nearly 30% sales by 2026. Availability of equipment at competitive price
together with exclusive features such as finest path selection and
prevention from overlapping paths will positively impact the product
penetration.
Global Autonomous Farm Equipment Market
The key players leading global autonomous market have been outlined by the
market analysts in the report. They include Bobcat (a Doosan company),
Claas KGaA GmbH, Kubota, Deutz Fahr, Yanmar, Iseki & Co., AGCO
Corporation, John Deere, Case IH, and New Holland.
Some of these firms are probable to deal with challenges by means of development of
cost-efficient equipment and advanced techniques in farming. Moreover,
reduction in the manufacturing costs and rising profit margins is
expected to be a key focus zone for players in global autonomous farm
equipment market.
SegmentationRegion
- North Americ
- Latin America
- Europe
- Japan
- APEJ
- MEAMode of Operation
- Fully Autonomous
- Partially AutonomousMachine Type
- Tractors
- Harvesters
- Tiller
- Seed Drill
- OthersOutput Power
- Up to 30 HP
- 31–100 HP
- 101 HP and Above
