AGCO (US:AGCO) GlobeNewswire News Roomยท2025-05-07 14:05Core Insights - The global agriculture robots market is projected to grow from USD 12.2 billion in 2025 to USD 139.4 billion by 2035, with a compound annual growth rate (CAGR) of 24.78% during the forecast period [2][3]. Market Overview - The agriculture robots market is driven by the need to increase food production due to a growing global population, which is expected to reach 10 billion by 2050 [3]. - Agricultural robots are becoming essential for enhancing operational efficiency, reducing labor costs, and improving safety in farming [4]. - The market is experiencing significant growth, with a reported year-over-year increase of 48% in sales of professional robots [5]. Technological Advancements - Artificial intelligence and machine learning are pivotal in maximizing the potential of agricultural robots, enabling precision agriculture and real-time crop condition evaluations [6]. - Advanced sensor technologies, including LiDAR and machine vision, along with edge AI, are facilitating prompt decision-making in farming operations [6]. Market Segmentation - The agriculture robots market is segmented by various factors, including type of robot, type of offering, farming environment, farm products, application, distribution channel, farm size, and geographical regions [7]. - North America currently holds the largest market share due to its established infrastructure, while Asia is expected to grow at a higher CAGR during the forecast period [9]. Competitive Landscape - The report includes comprehensive profiles of key players in the agriculture robots market, detailing their headquarters, company size, mission, financial information, and recent developments [7]. - Notable companies in the market include AGCO, Deere & Company, and Kubota Agricultural Machinery India, among others [12]. Recent Developments - The unveiling of TOOGO, an autonomous robot designed for vegetable and beet crops, by SIZA Robotics, highlights ongoing innovations in the sector [6]. - The agriculture robots market is increasingly recognized as a critical component of the global push towards digital transformation and innovation in farming [5][8].