The Global Driverless Tractor Market Size will surpass 46 thousand units by 2025– registering a CAGR of 15.9% over the forecast period.
The Driverless Tractor market is well positioned for growth and is witnessing significant sales from automotive sector. Bekryl’s market research report, Global Driverless Tractor Market Size Analysis and Industry Opportunity, finds Europe and North America to collectively account for 73% of global sales in 2018. The demand is gaining higher prominence not only from developed regions but also developing regions including India and China. In 2017. Mahindra and Mahindra displayed its first ever driverless tractor in India. The company has future plans to enter in North America and Europe to ensure stable growth over the forecast period. Competition will be on a higher note with emergence of China and India based companies on global scenario.
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Some key trends from the global Driverless Tractor market:
Trend#1: Asia Pacific to surpass North America sales by 2025
North America and Europe will continue to dominate the global sales owing to high scale adoption for farm application. The trend will gradually shift to Asia Pacific – which constitutes a major portion of agricultural land. Also, the region accounts for over half of the global tractor market share. It is expected that autonomous tractor will replace nearly 18% of conventional tractor sales in Asia Pacific by 2025.
Trend#2: Industry Consolidation
As of 2018, the industry is still at its nascent stage. However, many companies are eyeing to capitalize the industry citing long term profitability margin. Over 90% of global share is captured by top ten players. As a result, competition will escalate leading to expected mergers and acquisitions taking place to ensure long term sustainability and profitability.
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Some key global Driverless Tractor Market Players are Mahindra and Mahindra, John Deere, Frendt Corporation, Autonomous Tractor Corporation, Case IH, Kubota Corporation, Yanmar Co. Ltd., Trimble Inc., and Dutch Power Company.
Research Scope:
By Power:
- >30 HP
- 31 to 80 HP
- >80 HP
By Technology:
- Fully Autonomous Tractors
- Supervised Autonomous Tractors
- Operator Assisted Autonomous Tractors
By Farm Application:
- Tillage
- Seed Sowing
- Harvesting
- Other Farm Applications
Brief Research Methodology:
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