Autonomous tractors market in Europe to grow by USD 862.86 Mn by 2026, Increase in the profits generated from farming to boost market growth - Technavio

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Oct 20, 2022, 04:00 ET

NEW YORK, Oct. 20, 2022 /PRNewswire/ -- The autonomous tractors market in Europe is expected to grow by USD 862.86 million during 2021-2026. The report extensively covers the autonomous tractors market in Europe segmentation by component (sensors, GPS, vision system, and others) and application (harvesting, seed sowing, and irrigation). In addition, Solar energy-powered tractors is anticipated to boost the growth of the Autonomous Tractors Market in Europe. Request Free Sample Report.

Autonomous tractors market in Europe: Major Driver and Trend

Technavio has announced its latest market research report titled Autonomous Tractors Market in Europe 2022-2026

One of the main factors boosting the development of the autonomous tractor market in Europe is the rise in agricultural earnings. Using robotic equipment allows farmers to work from a distance, enabling them to carry out farming tasks even under bad weather circumstances. Additionally, the loss of seeds and fertilizers is reduced since robotic equipment gives great precision that manually operated equipment cannot.

With the help of autonomous tractors, farmers can undertake tasks like seed sowing, watering, and harvesting, eliminating the need for manual labor and increasing earnings. Due to such considerations, there is a rising need for autonomous tractors in the field, which will drive the market's expansion throughout the course of the forecast period.

Another significant development in the autonomous tractors market in Europe that is fueling industry expansion is the use of solar energy in tractors. Autonomous tractors are used in agricultural fields and are remotely operated by controllers. These tractors consume fuel and may run continuously. Solar power can be stored and used for operations later.

Tractors are able to maneuver while deciding the correct course even in the dark thanks to cameras and light sensor components. As a result, farmers don't need to worry about power backup when using these tractors at any time of the day. Buy Sample Report.

Autonomous tractors market in Europe: Major Vendor Offerings

AgJunction Inc.: The company offers advanced guidance and autosteering solutions for precision agriculture applications.
AgXeed BV: The company offers a wide range of solutions that give farmers more time to make the right decisions.
Autonomous Solutions Inc.: The company offers independent vehicle automation systems for mining, agriculture, automotive, government, and manufacturing industries with remote control.
Autonomous Tractor Corp.: The company offers an electric drivetrain system to improve tilling, harvesting, and hauling services.
Deere and Co.: the company offers manufacturing and distribution of machines and service parts used in construction, earthmoving, road building, material handling, and timber harvesting.

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Autonomous tractors market in Europe: Segmentation by Components

Electronic sensors are a common component of robotic devices. Unmanned autonomous tractors are controlled by controllers. These tractors operate on vast fields day and night with little assistance from people. Therefore, for these tractors to operate autonomously, a combination of sensors is utilized. Autonomous tractors have a variety of sensors attached to keep them operating independently. Different sensors are being used in agriculture as part of the development of precision farming to keep these tractors informed about their environment.

In order to cultivate healthy crops, agriculture and farming need to control factors including soil moisture, weed growth, and pest growth. Autonomous tractors will be equipped with sensors to detect light, detect weeds, measure photometric, and monitor photosynthesis. Therefore, with the development of autonomous tractors, the sensors segment of the market is expected to grow during the forecast period. Download Free Sample Report.

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Autonomous Tractors Market In Europe Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 18.56%
Market growth 2022-2026	$862.86 million
Market structure	Fragmented
YoY growth (%)	26.85
Regional analysis	Europe
Key consumer countries	France, Germany, Poland, UK, and Rest of Europe
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	AgJunction Inc., AgXeed BV, Autonomous Solutions Inc., Autonomous Tractor Corp., Bear Flag Robotics, CNH Industrial NV, Deere and Co., Fendt, Kinze Manufacturing, Kubota Corp., Mahindra and Mahindra Ltd., Raven Industries Inc., Trimble Inc., Yanmar Holdings Co. Ltd., and ZIMENO INC DBA MONARCH TRACTOR
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Country Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Component
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 14: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Europe: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2021-2026 ($ million)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Component

5.1 Market segments

Exhibit 25: Chart on Component - Market share 2021-2026 (%)
Exhibit 26: Data Table on Component - Market share 2021-2026 (%)

5.2 Comparison by Component

Exhibit 27: Chart on Comparison by Component
Exhibit 28: Data Table on Comparison by Component

5.3 Sensors - Market size and forecast 2021-2026

Exhibit 29: Chart on Sensors - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on Sensors - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on Sensors - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Sensors - Year-over-year growth 2021-2026 (%)

5.4 GPS - Market size and forecast 2021-2026

Exhibit 33: Chart on GPS - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on GPS - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on GPS - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on GPS - Year-over-year growth 2021-2026 (%)

5.5 Vision system - Market size and forecast 2021-2026

Exhibit 37: Chart on Vision system - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Data Table on Vision system - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Chart on Vision system - Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on Vision system - Year-over-year growth 2021-2026 (%)

5.6 Others - Market size and forecast 2021-2026

Exhibit 41: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 44: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.7 Market opportunity by Component

Exhibit 45: Market opportunity by Component ($ million)

6 Market Segmentation by Application

6.1 Market segments

Exhibit 46: Chart on Application - Market share 2021-2026 (%)
Exhibit 47: Data Table on Application - Market share 2021-2026 (%)

6.2 Comparison by Application

Exhibit 48: Chart on Comparison by Application
Exhibit 49: Data Table on Comparison by Application

6.3 Harvesting - Market size and forecast 2021-2026

Exhibit 50: Chart on Harvesting - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Harvesting - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Harvesting - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Harvesting - Year-over-year growth 2021-2026 (%)

6.4 Seed sowing - Market size and forecast 2021-2026

Exhibit 54: Chart on Seed sowing - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Seed sowing - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Seed sowing - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Seed sowing - Year-over-year growth 2021-2026 (%)

6.5 Irrigation - Market size and forecast 2021-2026

Exhibit 58: Chart on Irrigation - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Irrigation - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Irrigation - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Irrigation - Year-over-year growth 2021-2026 (%)

6.6 Market opportunity by Application

Exhibit 62: Market opportunity by Application ($ million)

7 Customer Landscape

7.1 Customer landscape overview

Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation

Exhibit 64: Chart on Market share by geography - 2021-2026 (%)
Exhibit 65: Data Table on Market share by geography - 2021-2026 (%)

8.2 Geographic comparison

Exhibit 66: Chart on Geographic comparison
Exhibit 67: Data Table on Geographic comparison

8.3 France - Market size and forecast 2021-2026

Exhibit 68: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 69: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 70: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 71: Data Table on France - Year-over-year growth 2021-2026 (%)

8.4 Germany - Market size and forecast 2021-2026

Exhibit 72: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 73: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 74: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 75: Data Table on Germany - Year-over-year growth 2021-2026 (%)

8.5 Poland - Market size and forecast 2021-2026

Exhibit 76: Chart on Poland - Market size and forecast 2021-2026 ($ million)
Exhibit 77: Data Table on Poland - Market size and forecast 2021-2026 ($ million)
Exhibit 78: Chart on Poland - Year-over-year growth 2021-2026 (%)
Exhibit 79: Data Table on Poland - Year-over-year growth 2021-2026 (%)

8.6 UK - Market size and forecast 2021-2026

Exhibit 80: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 81: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 82: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 83: Data Table on UK - Year-over-year growth 2021-2026 (%)

8.7 Rest of Europe - Market size and forecast 2021-2026

Exhibit 84: Chart on Rest of Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 85: Data Table on Rest of Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 86: Chart on Rest of Europe - Year-over-year growth 2021-2026 (%)
Exhibit 87: Data Table on Rest of Europe - Year-over-year growth 2021-2026 (%)

8.8 Market opportunity by geography

Exhibit 88: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

Exhibit 89: Impact of drivers and challenges in 2021 and 2026

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

Exhibit 90: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption

Exhibit 91: Overview on factors of disruption

10.4 Industry risks

Exhibit 92: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered

Exhibit 93: Vendors covered

11.2 Market positioning of vendors

Exhibit 94: Matrix on vendor position and classification

11.3 AgJunction Inc.

Exhibit 95: AgJunction Inc. - Overview
Exhibit 96: AgJunction Inc. - Business segments
Exhibit 97: AgJunction Inc. - Key offerings
Exhibit 98: AgJunction Inc. - Segment focus

11.4 Autonomous Solutions Inc.

Exhibit 99: Autonomous Solutions Inc. - Overview
Exhibit 100: Autonomous Solutions Inc. - Product / Service
Exhibit 101: Autonomous Solutions Inc. - Key offerings

11.5 Autonomous Tractor Corp.

Exhibit 102: Autonomous Tractor Corp. - Overview
Exhibit 103: Autonomous Tractor Corp. - Product / Service
Exhibit 104: Autonomous Tractor Corp. - Key offerings

11.6 CNH Industrial NV

Exhibit 105: CNH Industrial NV - Overview
Exhibit 106: CNH Industrial NV - Business segments
Exhibit 107: CNH Industrial NV - Key news
Exhibit 108: CNH Industrial NV - Key offerings
Exhibit 109: CNH Industrial NV - Segment focus

11.7 Deere and Co.

Exhibit 110: Deere and Co. - Overview
Exhibit 111: Deere and Co. - Business segments
Exhibit 112: Deere and Co. - Key news
Exhibit 113: Deere and Co. - Key offerings
Exhibit 114: Deere and Co. - Segment focus

11.8 Kinze Manufacturing

Exhibit 115: Kinze Manufacturing - Overview
Exhibit 116: Kinze Manufacturing - Product / Service
Exhibit 117: Kinze Manufacturing - Key offerings

11.9 Kubota Corp.

Exhibit 118: Kubota Corp. - Overview
Exhibit 119: Kubota Corp. - Business segments
Exhibit 120: Kubota Corp. - Key news
Exhibit 121: Kubota Corp. - Key offerings
Exhibit 122: Kubota Corp. - Segment focus

11.10 Mahindra and Mahindra Ltd.

Exhibit 123: Mahindra and Mahindra Ltd. - Overview
Exhibit 124: Mahindra and Mahindra Ltd. - Business segments
Exhibit 125: Mahindra and Mahindra Ltd. - Key news
Exhibit 126: Mahindra and Mahindra Ltd. - Key offerings
Exhibit 127: Mahindra and Mahindra Ltd. - Segment focus

11.11 Raven Industries Inc.

Exhibit 128: Raven Industries Inc. - Overview
Exhibit 129: Raven Industries Inc. - Business segments
Exhibit 130: Raven Industries Inc. - Key news
Exhibit 131: Raven Industries Inc. - Key offerings
Exhibit 132: Raven Industries Inc. - Segment focus

11.12 Yanmar Holdings Co. Ltd.

Exhibit 133: Yanmar Holdings Co. Ltd. - Overview
Exhibit 134: Yanmar Holdings Co. Ltd. - Product / Service
Exhibit 135: Yanmar Holdings Co. Ltd. - Key news
Exhibit 136: Yanmar Holdings Co. Ltd. - Key offerings

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

Exhibit 137: Inclusions checklist
Exhibit 138: Exclusions checklist

12.3 Currency conversion rates for US$

Exhibit 139: Currency conversion rates for US$

12.4 Research methodology

Exhibit 140: Research methodology
Exhibit 141: Validation techniques employed for market sizing
Exhibit 142: Information sources

12.5 List of abbreviations

Exhibit 143: List of abbreviations

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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