Fruit Thinning Robots Market Size

Fruit Thinning Robots Market Size

Fruit Thinning Robots Market was valued at USD 550 billion in 2023 and is anticipated to grow at a CAGR of over 13% between 2024 and 2032.

According to the estimates of the International Labor Organization (ILO), in 2022, around 26% of the population was employed in the agriculture sector. This indicates the drastic reduction in employment in agriculture as compared to the 33% employment in 2010. People are avoiding agriculture as a career choice due to challenges such as inadequate wages for labor, the need for specialized education and training, and the absence of social protection policies. These factors contribute to a shortage of skilled workers in the sectors, thereby increasing the demand for fruit thinning robots in the market.
 

According to the World Banks estimates, by 2050, the population of world will be around nine million. Also, the organization states that to satisfy the needs of the increased global population, there should be over 70% production of food. Smart practices, such as precision control agriculture, can use resources sustainably for optimal production. Precision agriculture leverages advanced technologies for effective minimization of inputs, labor, and time usage, maximizing production and improving profitability. The rising adoption of precision farming will boost the demand for the market.
 

High initial investment costs are a significant challenge for the fruit thinning robots market as the technology requires a substantial upfront expenditure. For example, purchasing a single robot can cost around USD 100,000, not including additional expenses for installation, training, and maintenance. This high cost can be prohibitive, especially for small and medium-sized farms, making it difficult for them to adopt these advanced technologies despite their potential benefits.