A fresh report titled on “Precision Harvesting Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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Top Companies profiled in the Precision Harvesting Market:
- Deere & Company (US)
- Trimble (US)
- AGCO Corporation (US)
- AgJunction (US)
- Raven Industries (US)
- AG Leader (US)
- Precision Planting (US)
- CNH Industrial (UK)
- Ploeger Oxbo (Netherlands)
- Pellence (US)
- Kubota Corporation (Japan)
- FFRobotics (Israel)
- Abundant Robotics (US)
- Harvest Automation (US)
- Harvest Croo Robotics (US)
- and Vision Robotics (US)
The Precision Harvesting Market was worth US$ 10.4 Billion in 2018 and is projected to reach US$ 17.5 Billion by 2023, at a CAGR of 10.94% during 2018–2023. This report spread across 182 pages, profiling 13 companies and supported with 64 tables and 54 figures is now available in this research.
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“Market for harvesting robots estimated to grow at highest CAGR during forecast period”
The market for harvesting robots is expected to grow at the highest CAGR from 2018 to 2023. The rising demand for harvesting robots is driven by increasing demand for food owing to increasing population, increasing strain on food supply, declining availability of farm workers, the rising cost of farm workers, and broader automation in the agriculture industry. Harvesting robots is an emerging technology that has gained tremendous popularity in recent years owing to increasing labor cost and the need to increase farm productivity.
“Market for corn application to grow at highest CAGR from 2018 to 2023”
The precision harvesting market for corn application is expected to grow at the highest CAGR during the forecast period. Adoption of precision harvesting systems for corn application is comparatively higher as compared to other crops; as a result, this segment held the largest market size in 2018. Innovations in harvesting equipment and a greater need to automate corn, cotton, and soybean farms due to the shortage of skilled labor are the major factors driving the growth of this segment.
Breakdown of primary participants’ profile:
- By Company Type: Tier 1 – 35 %, Tier 2 – 40%, and Tier 3 –25%
- By Designation: C-Level Executives – 57%,Directors – 29%, and Others – 14%
- By Region: Americas– 40%, Europe – 30%, APAC– 20%, and RoW – 10%
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