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Autonomous Farm Equipment Market Share

Report ID: GMI2230
Published Date: May 2024
Report Format: PDF

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Autonomous Farm Equipment Market Share

John Deere, Kubota and CNH Industrial hold a significant market share of 31% in market, their presence in the autonomous farm equipment industry by investing in research and development to advance farming technologies. Through strategic partnerships and acquisitions, they broaden their product offerings and global reach, meeting farmers' changing needs. Offering holistic solutions integrating robotics, AI, and data analytics, these companies lead in innovation and adoption, positioning themselves as industry frontrunners in the autonomous farm equipment industry.

Moreover, these firms actively involve farmers and industry stakeholders to grasp their needs and offer customized solutions. Through training programs and support services, these firms enable the seamless integration of autonomous technologies into farming operations. Addressing affordability, reliability, and compatibility challenges is also a priority to expedite market adoption. With a focus on customer satisfaction and technological prowess, these companies will revolutionize farming with autonomous equipment solutions.

Autonomous Farm Equipment Market Companies

Major players operating in the industry are:

AGCO
Claas
CNH Industrial
John Deere
Kubota
New Holland
Trimble

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Industry size for autonomous farm equipment was worth USD 63.7 billion in 2023 and is projected to expand at over 8% CAGR from 2024 to 2032, led by the continuous advancements in robotics and increasing awareness of environmental sustainability.

The tractor product segment in the autonomous farm equipment industry accounted for 50% revenue share in 2023 and is estimated to witness substantial growth between 2024 and 2032, owing to their versatility and widespread use in various agricultural operations.

The crop cultivation application segment in the autonomous farm equipment industry accounted for over 40% share in 2023, due to their increasing role in agriculture and the increasing adoption of autonomous technologies.

North America industry is anticipated to account for over 36% revenue share in 2023 and is estimated to depict robust growth between 2024 and 2032, on account of the thriving agriculture sector and technological advancements in the agriculture machinery.