The new Autonomous Tractors Market report offers a comprehensive study of the present scenario of the market coupled with major market dynamics. Also, it highlights the in-depth market analysis with the latest trends, drivers and its segments with respect to regional and country. Further, this report profiles the top key players of the Autonomous Tractors Market and analyze their market share, strategic development, and other development across the globe.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the autonomous tractors market include AGCO (US), CNH (UK), Mahindra & Mahindra (India), Deere (US), Kubota Corporation (Japan), Yanmar (Japan), and Autonomous Tractor Corporation (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The key factor driving the demand for autonomous tractors market is the growing demand for the agricultural yield. Shortage of farm labour, increase in the cost of labour, and declining arable land are contributing to the growth of this market. The benefits offered by autonomous tractors, such as increased productivity and accuracy, ultimately result in the superior quality of crops, thereby boosting the demand for this market. Continuous advancements in technology and improvement in cropping systems and agronomy are expected to create lucrative growth opportunities for this market in the upcoming years. Increasing government initiatives for the development of advanced technologies and improving the performance of the agricultural sector are fostering the demand for this market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of autonomous tractors. The growth and trends of autonomous tractors industry provide a holistic approach to this study.
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Market Segmentation
This section of the autonomous tractors market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Power Output
- Up To 30 Hp
- 31-100 Hp
- 101 Hp & Above
By Component
- Lidar
- Radar
- Gps
- Camera/Vision Systems
- Ultrasonic Sensors
- Hand-Held Devices
By Crop Type
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
By Farm Application
- Tillage (Primary & Secondary Tillage)
- Seed Sowing
- Harvesting
- Others (Spraying And Fertilizing)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Autonomous Tractors market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The global autonomous tractor market was valued at USD 507.61 million in 2018 and is projected to grow at a CAGR of 35.0% during the forecast period (2019-2024).The drivers identified in the market are increase in efficiency and farm productivity, increase in labour costs and better management of farm activities.The restraints identified in the market are huge capital investment, lack of awareness among farmers and unanticipated risks in a growing market.Access the PDF sample of the report @ https://www.orbisresearch.com/contacts/request-sample/3583428Scope of the ReportThe autonomous tractor is mainly referred to as the driverless tractor which uses several components like GPS, sensors, laser diodes and other devices for all the agricultural tasks.
They are either fully automated or semi-automated whereby the tractor is managed using a remote control from a distance.Key Market TrendsIncrease in Labour Costs is driving the marketThe cost of farm labor has a direct relationship with the percentage of the total population of a country employed in agriculture, considering simple demand-supply economics.
On an average, developing economies have larger percentages of population dependent on agriculture.
Farmers are increasingly adopting agricultural mechanization as a substitute to manual labor with a more cost-effective, easily available and more efficient means of agricultural operation.They are shifting towards autonomous tractors to save time and resources which in turn is increasing the farm productivity and per acre yield of crops.Asia Pacific is the fastest growing marketThe global autonomous tractor market is segmented by geography into North America,Europe, Asia Pacific,South America and Africa.
Asia Pacific is considered as the fastest growing market because the companies located in Asia Pacific are launching new autonomous tractors in the market and thereby dominating the market with faster innovations and product launches.Competitive LandscapeIn the global autonomous tractor market, companies are not only competing based on equipment quality and promotion, but are also focused on strategic moves, in order to hold larger market shares.
Since, the inception of the market is very recent, it is considered to be a consolidated market with a few players holding the majority of the shares in the market.Reasons to Purchase this report:- The market estimate (ME) sheet in Excel format- Report customization as per the client's requirements- 3 months of analyst supportBrowse the full report @ https://www.orbisresearch.com/reports/index/global-autonomous-tractors-market-growth-trends-and-forecast-2019-2024Table of Contents1 INTRODUCTION1.1 Study Deliverables1.2 Study Assumptions1.3 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Market Overview4.2 Market Drivers4.3 Market Restraints4.4 Porter's Five Force Analysis4.4.1 Bargaining Power of Suppliers4.4.2 Bargaining Power of Buyers/Consumers4.4.3 Threat of New Entrants4.4.4 Threat of Substitute Products4.4.5 Competitive Rivalry5 MARKET SEGMENTATION5.1 Horse Power5.1.1 Upto 30 HP5.1.2 31 HP to 100 HP5.1.3 Above 100 HP5.2 Automation5.2.1 Fully Automated5.2.2 Semi-Automated5.3 Geography5.3.1 North America5.3.1.1 United States5.3.1.2 Canada5.3.1.3 Rest of North America5.3.2 Europe5.3.2.1 Germany5.3.2.2 UK5.3.2.3 Spain5.3.2.4 France5.3.2.5 Russia5.3.2.6 Rest of Europe5.3.3 Asia Pacific5.3.3.1 India5.3.3.2 China5.3.3.3 Japan5.3.3.4 Australia5.3.3.5 Rest of Asia Pacific5.3.4 South America5.3.4.1 Brazil5.3.4.2 Argentina5.3.4.3 Rest of South America5.3.5 Africa5.3.5.1 South Africa5.3.5.2 Rest of Africa6 COMPETITIVE LANDSCAPE6.1 Most Adopted Competitor Strategies6.2 Market Share Analysis6.3 Company Profiles6.3.1 AGCO6.3.2 John Deere6.3.3 Mahindra and Mahindra Ltd6.3.4 Autonomous Tractor Corporation6.3.5 CNH Industrial6.3.6 Kubota Corporation6.3.7 Dutch Power Company6.3.8 Yanmar Co., Ltd.6.3.9 Trimble Inc.6.3.10 Kinze Manufacturing, Inc.7 MARKET OPPORTUNITIES AND FUTURE TRENDSDirect purchase the report @ https://www.orbisresearch.com/contact/purchase-single-user/3583428About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
