Global Autonomous Tractor Market Analysis and Trends

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Autonomous tractors: market size. Starting at $ 1,518. 93 million in 2020, the global market for autonomous tractors is expected to reach $ 7,454. 47 million by 2028. Based on our analysis, the market is expected to grow at a CAGR of 22.

New York, August 25, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Global Autonomous Tractors Market Analysis & Trends – Industry Forecast to 2028” – https://www.reportlinker.com/p06127653/?utm_source=GNW
0% from the period 2020 – 2028.

Some of the major trends seen in the market include the increasing adoption of advanced agricultural technologies, the increasing commercialization of agriculture, and the growing acceptance of stand-alone technologies.

Global Autonomous Tractor Market: Market Dynamics

Autonomous tractors offer many benefits to farmers. These benefits include increased productivity and precision, which ultimately translate into higher quality crops, ensuring higher profits. In addition, autonomous tractors help farmers work longer with more productivity. In addition, the automatic steering helps farmers to practice farming with superior reliability, which in turn is likely to boost the market for autonomous tractors.

Lack of awareness of new technologies is likely to hamper the market for autonomous tractors. A large number of farmers find it difficult to cope with modern technologies, which often affect its use. In addition, government support to encourage technology-compliant agriculture is likely to help the market for autonomous tractors to grow in the future.

Impact of COVID-19 on autonomous tractors

In light of the spread of the Covid-19 pandemic, autonomous tractor manufacturing facilities have faced many challenges. The global shutdown has lowered sales of autonomous tractors. The production facilities had a number of challenges to overcome and this also affected sales.

By type of crop

The fruit and vegetable segment dominates the market in 2020

The demand for fruits and vegetables has increased dramatically in recent years. This can be attributed to the ever growing population in the world. Since fruits and vegetables are delicate, machines are to a large extent avoided during harvesting. This paves the way for the development of new technologies like autonomous tractors to achieve better results.

By geography

The North America region is the world market leader

North America is expected to hold a considerable share of the world market. The higher disposable incomes of farmers and the adoption of modern technologies are the main factors driving the market in this region. In North America, farm sizes are generally large and customer loyalty is high. Therefore, the growth opportunities for technologies such as autonomous tractors are very high in the region.

The list of major profiled players in the market includes:

• Deere and company
• CNH Industrial
• Mahindra & Mahindra Ltée
• Agco
• Kubota Company
• Dutch electricity company
• Company of autonomous tractors
• Raven Industries
• Technology leader AG
• Yanmar Co. Ltd
• Agjunction, Inc
• Trimble, Inc
• Kinze Manufacturing Inc

The list of profiled regions / countries in the market includes:

North America
• WE
• Canada
• Mexico
Europe
• Germany
• UK
• Italy
• France
• Spain
• The rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia-Pacific
Middle East
• Saudi Arabia
• United Arab Emirates
• Rest of the Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the world (RoW)
• South Africa
• Others
Read the full report: https://www.reportlinker.com/p06127653/?utm_source=GNW

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