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Autonomous Agriculture Equipment Market Share

Report ID: GMI8324
Published Date: Feb 2024
Report Format: PDF

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Autonomous Agriculture Equipment Market Share

Deere & Company and CNH Industrial held over 15% market share in 2023. Deere & Company actively participates in strategic partnerships, collaborating with tech firms and startups to integrate advanced solutions into their equipment. Leveraging its established global presence, it strategically tailors its autonomous offerings to diverse farming practices. The company focuses on providing user-friendly interfaces, extensive data analytics, and precision control, empowering farmers to make informed decisions.

CNH Industrial employs strategic initiatives to enhance its position in the autonomous farming sector. The company focuses on research and development, investing in advanced technologies to enhance efficiency and reduce operational costs. CNH Industrial also emphasizes precision agriculture, offering farmers smart and automated solutions for improved crop management. By providing comprehensive support services and promoting sustainable farming practices it aims to address evolving industry demands.

Autonomous Agriculture Equipment Market Companies

Major players operating in the autonomous agriculture equipment industry are:

AGCO
CLAAS KGaA mbH
CNH Industrial
Deere & Company
HORSCH Maschinen GmbH
Kubota
Mahindra and Mahindra Ltd.
Monarch
SDF Group
Yanmar

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size for autonomous agriculture equipment was valued at USD 6.5 billion in 2023 and is estimated to register a CAGR of over 16.5% between 2024 & 2032, driven by increasing investments in autonomous agriculture services.

In 2023, the tractors segment accounted for a market share of over 30% and will continue to gain traction, as the introduction of autonomous tractors addresses challenges related to labor shortages.

North America market for autonomous agriculture equipment accounted for a major share of over 40% in 2023, owing to the increasing adoption of technologies such as GPS, sensors, and data analytics in agricultural practices.

AGCO, CLAAS KGaA mbH, CNH Industrial, Deere & Company, HORSCH Maschinen GmbH, Kubota, Mahindra and Mahindra Ltd., Monarch , SDF Group, and Yanmar.