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Agriculture Robotics Market Share

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Report ID: 365
Published Date: Dec 23, 2024
Report Format: PDF, PPT

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Agriculture Robotics Market Share

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 industry is set to hold largest revenue share by 2037, 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.

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Agriculture Robots Market Size & Share, Growth Forecasts 2037

Author Credits: Abhishek Verma

Report ID: 365
Published Date: Dec 23, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of agriculture robots is estimated at USD 19.61 billion.

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. Increasing labor shortage, rising trend of vertical farming, and escalating trend of smart farming will propel the market growth.

North America industry is set to hold largest revenue share by 2037, backed by the rapid deployment of automation in agriculture sector, increasing population, and increasing labor costs in the region.

The major players in the market are Trimble Inc., Deere & Company, CNH Industrial N.V., AgJunction Inc., AGCO Corporation, Lely International N.V., Yanmar Holdings Co., Ltd, AgEagle Aerial Systems Inc., and others.

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