Global Crop Harvesting Robots Market to Reach $122 Million by 2027
Amid the COVID-19 crisis, the global market for Crop Harvesting Robots estimated at US$33.9 Million in the year 2020, is projected to reach a revised size of US$122 Million by 2027, growing at a CAGR of 20.1% over the period 2020-2027. Fruit and Vegetable Harvesting Robots, one of the segments analyzed in the report, is projected to record 22.5% CAGR and reach US$90.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Grain Harvesting Robots segment is readjusted to a revised 14.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.1 Million, While China is Forecast to Grow at 19.1% CAGR
The Crop Harvesting Robots market in the U.S. is estimated at US$10.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$20.7 Million by the year 2027 trailing a CAGR of 19.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 17% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.4% CAGR.
Select Competitors (Total 42 Featured):
Amid the COVID-19 crisis, the global market for Crop Harvesting Robots estimated at US$33.9 Million in the year 2020, is projected to reach a revised size of US$122 Million by 2027, growing at a CAGR of 20.1% over the period 2020-2027. Fruit and Vegetable Harvesting Robots, one of the segments analyzed in the report, is projected to record 22.5% CAGR and reach US$90.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Grain Harvesting Robots segment is readjusted to a revised 14.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.1 Million, While China is Forecast to Grow at 19.1% CAGR
The Crop Harvesting Robots market in the U.S. is estimated at US$10.1 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$20.7 Million by the year 2027 trailing a CAGR of 19.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.3% and 17% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.4% CAGR.
Select Competitors (Total 42 Featured):
- Cerescon BV
- Energid Technologies Corporation
- FFRobotics
- Green Robot Machinery Private Ltd. (GRoboMac)
- Harvest Automation
- Soluciones Roboticas Agricolas, S.L. (Agrobot)
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
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