Autonomous Tractors Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2019 and Forecast 2020-2026

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Autonomous Tractors Market By Power Output (< 30 HP, 31 HP – 100 HP, and > 100 HP), By Component (LiDAR, Radar, GPS, Camera/Vision Systems, Ultrasonic Sensors, Handheld Devices, and Others), By Crop Type Cereals & Grains, Oil Seeds & Pulses, Fruits & Vegetables, and Others), By Application (Tillage, Seed Sowing, Harvesting, and Others), and Geography

 

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Description

Global Autonomous Tractors Market 

 

Report Description:

Global autonomous tractors market report gives comprehensive outlook on autonomous tractors across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global autonomous tractors market gives historical, current, and future market sizes (US$ Mn) on the basis of power output, component, crop type, application, and region. This report studies global autonomous tractors market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global autonomous tractors market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global autonomous tractors.

 

Global Autonomous Tractors Market:

The global autonomous tractors market is expected to be valued at US$ 731.2 Mn in 2019 and growing at a significant CAGR over the forecast period (2020-2026) owing to introduction of new autonomous tractors with the advanced technologies in the market. Tractor companies are relatively advanced in terms of the development of technologies which inform autonomous tractor concepts. For instance, In Feb 2019, John Deere develops fully electric, autonomous tractor. The electric cable-powered agricultural machine, which provides up to 400hp (300kW) of power in total, is known as GridCON. In Jan 2020, Kubota Unveils a “Dream Tractor”.  Equipped with artificial intelligence (AI) and electrification technology, this “dream tractor” is a completely autonomous tractor that represents the future of farming drawn by Kubota. Moreover, retirement of farmers and contract services for autonomous technologies is the major factor driving the growth of the market over the forecast years.  However, smaller agricultural land holdings in the developing nations coupled with the lack of technical knowledge among the farmers and high of autonomous tractors are the major factors anticipated to hinder the growth of the market.

 

Contract Services for Autonomous Technologies  

Early start-ups and disruptive technologies is another potential area in which autonomous tractors / platforms may have some bearing on autonomy in agriculture outside of the work by the large OEMs. Swarm Farm based in Central Queensland is a notable example and the most relevant to Australian agricultural industries at present. Swarm Farm is an emerging service based business that provides autonomous platforms on a contract operator basis that is currently centered on spray applications.  The service based business model means clients are less exposed to technology risk.  As the technology matures departure from the service based model is envisaged to on-sell technology to early adopters who have demonstrated technical ability to use the technology and incorporate into their farming operations. In the interim the adoption / uptake of the technology is based on the initial growth of the current service based business model.

 

North America dominates the market share in the global autonomous tractors market

North America contributed approximately 39.4% of revenue followed by Europe, and Asia Pacific.  In 2019, North America region has accounted highest market share and is anticipated to grow with a CAGR of 5.1% over the forecast years owing to rising investment in animal health in the region coupled with support of the government in the health poultry production. Moreover, the per capita consumption of poultry meat has been increased over the past years in the region. For instance, According to the National Chicken Council, the per capita consumption of poultry was 107.6 pounds in 2016 and is expected to reach 109.5 pounds in 2018. Europe has accounted second highest in the global autonomous tractors market owing to presence of large number of market players in the region and the launch of new vaccines in the region.

 

Competition Assessment

Key player’s profiles in the global autonomous tractors market include:

  • AGCO Corporation
  • Deere & Company
  • Mahindra & Mahindra
  • Autonomous Tractor Corporation
  • CNH Industrial
  • Kubota Corporation
  • Kinze Manufacturing
  • Trimble Inc.
  • Raven Industries
  • Yanmar Co., Ltd.

 

Key Developments:

Market players have witnessed the expansion of product range to strengthen their position in the market to enhance the revenue of the company.

    • In Jan 2020, Kubota Unveils a “Dream Tractor”. Equipped with artificial intelligence (AI) and electrification technology, this “dream tractor” is a completely autonomous tractor that represents the future of farming drawn by Kubota.
    • In Jan 2020, Kubota Unveils a “Dream Tractor”. Equipped with artificial intelligence (AI) and electrification technology, this “dream tractor” is a completely autonomous tractor that represents the future of farming drawn by Kubota.

 

Key Findings of the Report:

  • Global autonomous tractors market expanding at significant CAGR over 2020 to 2026 owing to rising adoption of technologies that enhances the crop production.
  • Based on region, North America accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer technologies and collaboration strategies to retain market position in global market

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Detailed Segmentation

 

By Power Output

  • < 30 HP
  • 31 HP – 100 HP
  • > 100 HP

By Component

  • LiDAR
  • Radar
  • GPS
  • Camera/Vision Systems
  • Ultrasonic Sensors
  • Handheld devices
  • Others

 

By Crop Type

  • Cereals & Grains
  • Oil Seeds & Pulses
  • Fruits & Vegetables
  • Others

By Application

  • Tillage
  • Seed Sowing
  • Harvesting
  • Others

 

Geography

 

North America

  • USA
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA


Location

GEOGRAPHY

PBI Location Map

Competition Assessment

Key player’s profiles in the global autonomous tractors market include:

  • AGCO Corporation
  • Deere & Company
  • Mahindra & Mahindra
  • Autonomous Tractor Corporation
  • CNH Industrial
  • Kubota Corporation
  • Kinze Manufacturing
  • Trimble Inc.
  • Raven Industries
  • Yanmar Co., Ltd.

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