Market Size of Europe Agricultural Robots and Mechatronics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 6.47 Billion |
Market Size (2029) | USD 12.95 Billion |
CAGR (2024 - 2029) | 14.90 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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EU Ag Robots & Mechatronics Market Analysis
The Europe Agricultural Robots and Mechatronics Market size is estimated at USD 6.47 billion in 2024, and is expected to reach USD 12.95 billion by 2029, growing at a CAGR of 14.90% during the forecast period (2024-2029).
Agricultural robots and mechatronics are the machines used in agriculture to substitute human labor and perform tasks (from plowing to harvesting) better than humans. This machinery is designed to operate in all weather conditions, restricted environments, and in crops and animal farms.