Market Insights Technology Robotics Service Robotics Commercial Service Robotics

Agriculture Service Robotics - Southern Asia

Southern Asia

Revenue in the Agriculture Service Robotics market is projected to reach €27.60m in 2024.
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Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 7.94%, resulting in a market volume of €37.47m by 2028.
In global comparison, most revenue will be generated in the United States (€187,700.00k in 2024).

Key regions: France, United States, Italy, Japan, Canada

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

Agriculture robots are the answer to societal issues following the rise in world population and labor shortage. They are precise, reliable, and give the farmers who implement them a competitive edge, with high initial costs, but with a potential for high long-term savings.

Methodology

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.