Agriculture Robots Market size was over USD 13.44 billion in 2023 and is anticipated to reach USD 188 billion by 2036, witnessing around 22.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of agriculture robots is estimated at USD 15.86 billion. The growth of the agriculture robots market can primarily be attributed to the rapidly growing global food demand. According to a report published by the Food and Agricultural Organization of the United Nations, the production of cereals worldwide has been increased by 7 million tons in 2022.
Agriculture robots are the most technologically advanced machines which are used in agriculture. These robots are fully automated, which reduces the amount of time spent on the job and the amount of manual labor required in the field. In this way, a better crop yield by deploying agriculture robots. Farmers have been using agriculture robots in a wide array of farming, i.e., harvesting, weed control, seeding, and soil analysis. By using robotics, more advanced agricultural techniques are enabling increased production of grains, fruits, and numerous other crops and helping out to cater to the rapidly growing food demand. It was observed that the global hunger rate reached between 700 and 800 million people in 2020.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
22.5% |
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Base Year Market Size (2023) |
USD 13.44 billion |
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Forecast Year Market Size (2036) |
USD 188 billion |
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Regional Scope |
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The global agriculture robots market is segmented and analyzed for demand and supply by application management field farming, harvest, dairy & livestock, and soil & irrigation. Out of these sub-segments, dairy & livestock segment is expected to hold the highest growth over the forecast period owing to the growing demand of milk and dairy products. Furthermore, increasing implementation of IoT devices and robotic systems by dairy farmers to enhance the milking systems is further anticipated to boost the growth of the segment over the forecast period. For instance, the deployment of robotic systems in dairy production is growing, and by 2025, sales of robotic systems for dairy farms is projected to exceed approximately 12,000 robots annually.
Our in-depth analysis of the global market includes the following segments
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By Type |
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By Offering |
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By Application Management |
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By Farming Environment |
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North America Market Analysis
Regionally, the global agriculture robots market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is predicted to hold largest revenue share by 2036, backed by the rapid deployment of automation in agriculture sector, increasing population, and increasing labor costs in the region. As per the data provided by the U.S Department of Agriculture, the agricultural labor wages in 2020 was around USD 14.62, which was 59% of the nonfarm wage. Furthermore, wages for graders, sorters, and equipment operators were ranging from USD 14.09 to USD 15.36 per hour in that year.
Author Credits: Abhishek Verma
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