1 / 10

Autonomous Tractors Market : Market Dynamics

The increase in the average age of farmers in developed countries and decline in the availability of labor are also major factors that will drive the demand for autonomous tractors in the near future.<br>https://www.marketsandmarkets.com/Market-Reports/autonomous-tractor-market-152038487.html

mitkekane
Download Presentation

Autonomous Tractors Market : Market Dynamics

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Marketsandmarkets Presents Autonomous Tractors Market : Market Dynamics

  2. Introduction The report "Autonomous Tractors Market by Power Output (Up to 30 HP, 31-100 HP, 101 HP and Above), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables), Farm Application, Component, and Region - Global Forecast to 2025", The global autonomous tractors market is projected to witness demand for 12,508 Units in 2019 and 60,901 Units by 2025, at a CAGR of 24.89%. The growth of the autonomous tractors market is expected to be driven by the improved efficiency and productivity of crop yield offered by these tractors and growth in initiatives by governments for the adoption of new technologies. The increase in average age of farmers in developed countries and decline in the availability of labor are also the major factors that will drive the demand for autonomous tractors in the near future. Browse in-depth TOC on “Autonomous Tractors Market” 47 -Tables 36 - Figures 137 - Pages You can speak to our analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=152038487

  3. Dominating Regions and Key Players North America is expected to account for the largest share of the autonomous tractors market in 2019. The higher disposable incomes of farmers, lack of trained farm labor, and well-developed technology are the primary reasons for the future expansion of the North American autonomous tractors market. In North America, it being a developed region, the sizes of farms are usually large, and customer loyalty is high. As the arms are large, demand for high-powered tractors in the US is starting to gain traction. The US is the largest market for autonomous tractors in the North American region. Key Players: AGCO (US) CNH (UK), Mahindra & Mahindra (India) Deere (US) Kubota Corporation (Japan) Yanmar(Japan) Autonomous Tractor Corporation (US)

  4. Market Dynamics  Drivers : Improved Efficiency and Productivity Through Improved Crop Yields Growth in Trend of Mechanization in the Agricultural Industry FavorableGovernment Initiatives for Adoption of Modern Agricultural Techniques Introduction of Autonomous Tractors By Leading Market Players in Developing Countries Increase in Average Age of Farmers in Developed CountriesDecline in Availability of Labor and Increase in Labor Wages

  5. Restraints : High Initial Capital Investment Lack of Technical Knowledge Among Farmers Opportunities : Integration of Smartphones With Agricultural Hardware and Software Applications for Autonomous Tractors

  6. Challenges : Lack of Data Management Practices in Agriculture Smaller Land Holdings in Developing Economies

  7. Target Audience Government and research organizations Associations and industrial bodies Raw material suppliers and distributors Autonomous tractor component manufacturers Autonomous tractors, distributors, and suppliers Agriculture equipment and component manufacturing associations Agricultural institutes and universities Consumers, including farmers Logistical service providers Technology providers to autonomous tractor component manufacturing companies Government, legislative, and regulatory bodies

  8. Contact Us Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

  9. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

More Related