The Business Research Company’s latest report Autonomous Farm Equipment Global Market Report 2020 covers Autonomous Farm Equipment market drivers, Autonomous Farm Equipment market trends, Autonomous Farm Equipment market segments, Autonomous Farm Equipment market growth rate, Autonomous Farm Equipment market major players, and Autonomous Farm Equipment market size. The report provides in-depth analysis of the impact of COVID-19 on the Autonomous Farm Equipment industry, along with revised market numbers due to the effects of the coronavirus.
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Autonomous Farm
Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help
gain a truly global perspective as it covers 60 geographies. The chapter on the
impact of COVID-19 gives valuable insights on supply chain disruptions,
logistical challenges, and other economic implications of the virus on the
market. The chapter also covers markets which have been positively affected by
the pandemic.
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The global autonomous farm equipment market is expected to decline from $72.76 billion in 2019 to $66.98 billion in 2020 at a compound annual growth rate (CAGR) of -7.94%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $102.12 billion in 2023 at a CAGR of 15.09%.
The report covers
the Autonomous Farm Equipment market’s segments-
1) By Product
Type: Tractors, Harvesters, Unmanned Aerial Vehicles (UAVs), Others.
2) By Technology:
Partially Autonomous, Fully Autonomous.
3) By Application: Agriculture, Horticulture, Animal husbandry, Forestry, Others.
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