Market Size of North America Agricultural Robots and Mechatronics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 17.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Agricultural Robots Market Analysis
North American agricultural robots and mechatronics market is projected to grow at a CAGR of 17.2% for the forecast period(2020-2025). The major driving factor behind the market is the need to increase yields and reduce costs simultaneously. Agriculture, in some cases, is not profitable as it consumes huge amounts of labor, and land prices are high. Mechatronic robots greatly reduce human intervention and are much more efficient than humans in agricultural practices.
Additional drivers are the prevention of harmful effects of chemicals used in agriculture on humans, especially in indoor farming and the ability of robots to work in all weather. The United States is the largest market with many established companies, and Canada follows the list. Technology adoption is rapidly progressing in the United States due to high-income levels. Even though robots and mechatronics are fast evolving, there is still a large amount of development needed in agricultural applications.
