According to a new market report published by Lucintel, the future of the global autonomous tractor market looks promising with opportunities in tillage, seed sowing, and harvesting segments. The global autonomous tractor market is expected to grow with a CAGR of 24% from 2021 to 2026. The major drivers for this market are increased efficiency and better return on investment.
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In this market, up to 30 HP, 31-100 HP, and 101 HP & above is the major power outputs used to manufacture autonomous tractors. On the basis of comprehensive research, Lucintel forecasts that 101 HP & above power output will remain the largest segment, and it is also expected to witness the highest growth over the forecast period because of increasing four-wheeled tractors.
Within the global autonomous tractor market, the radar segment is expected to witness the highest growth over the forecast period due to cost effectiveness.
North America is expected to remain the largest market and witness the highest growth rate over the forecast period due to higher income of farmers, lack of trained farm labors, and well-developed technology.
AGCO, CNH, Mahindra & Mahindra, Deere, Kubota Corporation, Yanmar, and Autonomous Tractor Corporation are among the major suppliers of the autonomous tractor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global autonomous tractor market by power output, component, farm application, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Autonomous Tractor Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global autonomous tractor market by power output, component, farm application, and region, as follows:
By Power Output [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
Up to 30 HP
31-100 HP
101 HP & above
By Component [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
LiDAR
Radar
GPS
Camera/vision systems
Ultrasonic sensors
Hand-held devices
By Farm Application [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
Tillage (Primary & Secondary Tillage)
Seed Sowing
Harvesting
Others (Spraying and Fertilizing)
By Region [Value ($ Million) and Volume (Thousand Units) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.