According to the Astute Analytica study on the globalHarvesting Robot Market, the size of the market will increase from US$ 591.1 Million in 2021 to US$ 3293.8 Million by the year 2030, registering a remarkable compound annual growth rate (CAGR) of 21% from 2022 to 2030.
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the global Harvesting Robot Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the markets overall size.
Harvesting robots are meant for picking fruits automatically under certain environmental conditions. Growing demand for food security and gradually increasing awareness regarding smart agriculture are expected to fuel the market growth. Furthermore, the growing requirement for high productivity from existing farm areas coupled with the use of real-time multimodal robot systems in the field is anticipated to boost the market growth.
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Growth Influencers:
Growing demand for food security
Food security is measuring the availability of food and individuals ability to access it. Demand for food security is increasing and with it, demand for automation in the agriculture sector and its various stages is also rising. One of these stages is harvesting. Rising demand for automation in the sector is also expected to drive market growth. The rapid increase in the global population has led researchers and scientists to work out ways for ensuring food security.
Gradually increasing awareness of smart agriculture
Smart agriculture is the usage of technologies like sensors, the internet of things, robots, location systems, and artificial intelligence on a farm. Rising awareness regarding smart agriculture is boosting the adoption of robots, including harvesting robots. Using harvesting robots in smart agriculture optimizes the food production process and improves quality. Advanced farming technology proves as an essential part of the farmers daily work. This boosts the demand for market growth.
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Segments Overview:
The global harvesting robot market is segmented based on the robot type, harvesting robot, and application.
By Robot Type
- Semi-Autonomous Robots
- Fully-Autonomous Robots
The semi-autonomous robots segment held the largest market share owing to its rising demand, especially in developing nations. The fully autonomous robots are expected to grow at the fastest rate of 20.6% during the forecast period.
By Harvesting Type
- Fruit Harvesting
- Vegetable Harvesting
- Grain Harvesting
- Others
Fruit harvesting is expected to grow at the fastest rate of 20.7% owing to the rising demand for fruits for businesses such as syrups, juices, and jellies, among others. The grain harvesting segment is anticipated to surpass USD 259.8 Million in 2027.
By Application
- Outdoor Agriculture
- Greenhouse Agriculture
The outdoor agriculture segment is expected to hold the largest market share owing to the widespread outdoor agriculture sector. The greenhouse agriculture segment is anticipated to grow at the fastest rate owing to the increasing setup of greenhouses globally.
Regional Overview
Based on region, the global harvesting robot market is divided into Europe, Asia Pacific, Middle East Africa, North America, and South America.
The European region held the largest market share of around 40% owing to the rising number of farmers demanding harvesting robots in the region. The North American region held the second largest market share owing to a well-established agricultural sector in the region.
The Asia Pacific region is expected to grow at the fastest rate of 23.4% owing to the slowly growing demand for automation and adoption of advanced technologies, such as harvesting robots in countries such as Japan, India, China, and Australia, among others.
Competitive Landscape
Key players operating in the global harvesting robot market include Agrobot, CERESCON B.V., Abundant Robotics Inc., Dogtooth Technologies Limited, Energid Technologies Corporation, FFRobotics, Four Growers, Green Robot Machinery Pvt. Ltd, HARVEST CROO, Harvest Automation, Metomotion, Tortuga Agricultural Technologies, Inc., and Root AI, Inc., among others.
These market players are involved in collaborations, mergers acquisitions, and new product launches to strengthen their market presence. For instance, in January 2020, Kubota, a Japan-based company invested in the U.S.-based agriculture technology startup Abundant Robotics, Inc. for contributing to labor-saving and efficiency improvement in farming in the U.S. and Canada.
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The global harvesting robot market report provides insights on the below pointers:
- Market Penetration: Provides comprehensive information on the market offered by the prominent players
- Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
- Competitive Landscape Assessment: Mergers acquisitions, certifications, product launches in the global Harvesting robot market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
- Product Development Innovation: The report provides intelligent insights on future technologies, RD activities, and breakthrough product developments
The global Harvesting robot market report answers questions such as:
- What is the market size and forecast of the Global Harvesting robot Market?
- What are the inhibiting factors and impact of COVID-19 on the Global Harvesting robot Market during the assessment period?
- Which are the products/segments/applications/areas to invest in over the assessment period in the Global Harvesting robot Market?
- What is the competitive strategic window for opportunities in the Global Harvesting robot Market?
- What are the technology trends and regulatory frameworks in the Global Harvesting robot Market?
- What is the market share of the leading players in the Global Harvesting robot Market?
- What modes and strategic moves are considered favorable for entering the Global Harvesting robot Market?
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