The global autonomous tractors market size is expected to reach USD 14,624.86 million by 2032, according to a new study by Polaris Market Research. The report “Autonomous Tractors Market Share, Size, Trends, Industry Analysis Report, By Power Output (Up to 30 HP, 31–100 HP, 101 HP & Above); By Crop Type; By Component; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The trend of autonomous is paving roads for the agriculture and farming industry. Autonomous technology can help reduce labor costs, increase efficiency, and improve the precision of farming practices. Many businesses are investing in autonomous tractors to improve farming and provide efficiency. For example, in January 2022, John Deere introduced a fully autonomous tractor for large-scale production.
The machine syndicates Deere's 8R tractor, TruSet-enabled chisel plow, new advanced technologies, and GPS guidance system. Significantly, various product launches internationally led to boosts the global market sales.
Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/autonomous-tractors-market/request-for-sample
Augmenting the global food demand is one of the significant factors likely to flourish the market growth. This is due to population growth, changing dietary preferences, and rising income levels in developing countries. As people's incomes rise in developing countries, they tend to consume more meat and dairy products, which require more resources to produce than plant-based foods. This shift towards a more Westernized diet is increasing the demand for animal feed and land and water resources to produce it. For example, food demand is expected to increase anywhere between 59% to 98% by 2050. Growing demand for food is heightening the market value globally.
Autonomous Tractors Market Report Highlights
Polaris Market Research has segmented the autonomous tractors market report based on power output, component, crop type, application, and region:
Autonomous Tractors, Power Output Outlook (Revenue - USD Million, 2019 - 2032)
Autonomous Tractors, By Component Outlook (Revenue - USD Million, 2019 - 2032)
Autonomous Tractors, By Crop Type Outlook (Revenue - USD Million, 2019 - 2032)
Autonomous Tractors, By Application Outlook (Revenue - USD Million, 2019 - 2032)
Autonomous Tractors, Regional Outlook (Revenue - USD Million, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 2,716.06 million |
Revenue forecast in 2032 |
USD 14,624.86 million |
CAGR |
20.6% from 2023 – 2032 |
Base year |
2022 |
Historical data |
2019– 2021 |
Forecast period |
2023– 2032 |
Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
Segments covered |
By Power Output, By Crop Type, By Component, By Application, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Key companies |
AGCO Corporation, Autonomous Solutions, Inc., Autonomous Tractor Corporation, CNH Industrial, Deere & Company, KINZE Manufacturing, Kubota Corporation, Mahindra & Mahindra, Trimble, and Yanmar |
For Specific Research Requirements |