Agriculture Service Robotics - China

Revenue in the Agriculture Service Robotics market is projected to reach US$151.10m in 2024.
[revenue_currentlayer_yeartoday_maxsegmentname] dominates the market with a projected market volume of [revenue_currentlayer_yeartoday_maxsegmentvalue] in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.52%, resulting in a market volume of US$400.60m by 2029.
In global comparison, most revenue will be generated Germany (US$257.90m in 2024).

Definition:

The Agriculture Service Robotics market covers the use of robots in agriculture to assist and automate various tasks related to farming and crop management.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Additional information:

The market comprises revenues, volume, and the average price per new installed robot. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Software revenues are included as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Agrobot, Harvest Automation, and Blue River Technology.

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Agriculture Service Robotics

Medical Service Robotics
Logistic Services Robotics
Other Service Robotics

The Agriculture Service Robotics Market in China is experiencing intense growth, driven by factors such as increasing adoption of robotic technologies, rising demand for efficient agriculture services, and the convenience offered by automated solutions. This growth is expected to continue as the market becomes more advanced and efficient in meeting the needs of the agriculture industry.

Customer preferences: In China's Agriculture Service Robotics Market, there is a growing focus on precision farming and sustainable agriculture practices. This has led to a rise in demand for service robots equipped with advanced sensors and AI technologies. Additionally, as the country's population continues to age, there is a growing need for robotic solutions in the agricultural sector to address labor shortages. Furthermore, with the increasing popularity of e-commerce and online grocery shopping, there is a growing demand for service robots in logistics and delivery services to streamline operations and meet consumer demands for faster and more efficient service.

Trends in the market: In China, the Agriculture Service Robotics Market is experiencing a surge in demand as farmers seek to automate labor-intensive tasks such as planting, harvesting, and soil analysis. This trend is driven by the increasing adoption of precision agriculture techniques and the government's push for modernization in the agricultural sector. As a result, there is a growing market for commercial service robotics, with companies developing innovative solutions to cater to the unique needs of China's agriculture industry. This trend is expected to continue, with significant implications for industry stakeholders as they tap into the vast potential of this market.

Local special circumstances: In China, the Agriculture Service Robotics Market is seeing significant growth due to the country's large agricultural sector and the government's push for modernization and sustainability in farming practices. The market is also influenced by China's unique cultural and regulatory factors, such as the dominance of small-scale farming and the strict regulations on pesticide use. These factors have created a demand for robotics solutions that can improve efficiency and reduce environmental impact in the agriculture industry.

Underlying macroeconomic factors: The Agriculture Service Robotics Market in the Commercial service robotics Market of the Service robotics Market within the Robotics Market is affected by macroeconomic factors such as technological advancements, government policies, and investment in agriculture infrastructure. Countries with favorable policies and significant investment in agriculture technology are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for sustainable agriculture practices and the need to improve productivity to meet the growing food demand are driving the adoption of service robotics in the agriculture industry.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.