The latest report on Autonomous and Semi-autonomous Tractors Market by Infinium Global Research gives complete coverage of the Autonomous and Semi-autonomous Tractors Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Autonomous and Semi-autonomous Tractors such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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These Tractors are Expected to Reduce the Requirement of Labor and Increase the Yield
In 2016, Harper Adams University and Precision Decisions launched a project named the Hands-Free Hectare project, which was undertaken to demonstrate that one hectare of grain could be grown to harvest without physical the presence of a human on the land. Since then, they have harvested two seasons of grain by using only robots and autonomous machinery including a tractor. The GPS-enabled tractors can plant, spray and harvest the field.
These autonomous tractors work on a prescription file to spray weeds, insects, and diseases, only where it is required. The Indian automaker Mahindra & Mahindra Ltd. is designing an autonomous tractor. While another Indian engineering company, Escorts showcased its autonomous tractor concept. In Canada, the autonomous tractors made by Dot are commercially available.
Shortage of labor and high cost of labor for farming are the major driving factors for the autonomous and semi-autonomous tractors market. These tractors are expected to reduce the requirement of labor and increase the yield. Moreover, the autonomous tractors are more precise and accurate, which reduces waste and increases productivity, which in turn increases the demand for autonomous and semi-autonomous tractors. However, the high cost of autonomous and semi-autonomous tractors is anticipated to be a key factor that is likely to hamper the market. Additionally, the tractors are expected to be profitable in the long-term, as they repay their cost by saving on labor charges.
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Increases the Demand for Autonomous and Semi-Autonomous Tractors
Among the geographies, North America and Europe have witnessed a rise in the adoption of autonomous and semi-autonomous tractors. Availability of large fields, low availability of labor, and massive grasslands in these regions are the major driving factors of the autonomous and semi-autonomous tractors market in North America and Europe. The average age in Japan is on the elder side and they lack the power to handle conventional mechanical tractors properly.
This is projected to boost the autonomous and semi-autonomous tractors market in the country. Additionally, the presence of a large number of manufacturers in the region put Japan at the forefront for the development of autonomous tractors. Furthermore, China is the key manufacturer and exporter of agriculture products, which leads to the high adoption of autonomous and semi-autonomous tractors to enhance their production.
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- Comprehensive analysis of global as well as regional markets of the Autonomous and Semi-autonomous Tractors.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
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