Autonomous Tractors Market in Europe by Component and Application - Forecast and Analysis 2022-2026

Published: Sep 2022 Pages: 142 SKU: IRTNTR74409

The autonomous tractors market in Europe is projected to grow by USD 862.86 million with a CAGR of 18.56% during the forecast period 2021 to 2026.

This autonomous tractors market in Europe research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this 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). The autonomous tractors market in Europe report also offers information on several market vendors, including 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 among others.

What will the Autonomous Tractors Market Size in Europe be During the Forecast Period?

Download Report Sample to Unlock the Autonomous Tractors Market Size in Europe for the Forecast Period and Other Important Statistics

 

Autonomous Tractors Market in Europe: Key Drivers, Trends, and Challenges

The increase in the profits generated from farming is notably driving the autonomous tractors market growth in Europe, although factors such as high implementation costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the autonomous tractors industry in Europe. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Autonomous Tractors Market in Europe Driver

The increase in the profits generated from farming is one of the key drivers supporting the Europe autonomous tractors market growth. With the use of robotic equipment, it is possible for farmers to operate from a remote location, thereby empowering them to perform farming operations even in unfavorable weather conditions. In addition, as robotic equipment offers high precision that cannot be provided by manually operated equipment, the wastage of seeds and fertilizers is minimized. Autonomous tractors allow farmers to perform applications such as seed sowing, irrigation, and harvesting, thereby reducing manual operations and maximizing profits. Such factors are increasing the demand for autonomous tractors in the field, which, in turn, will fuel the growth of the market during the forecast period.

Key Autonomous Tractors Market in Europe Trend

Solar energy-powered tractors are one of the key Europe autonomous tractors market trends contributing to the market growth. In agricultural fields, autonomous tractors are employed and controlled remotely using controllers. These tractors use fuel and can be used for extended periods. Meanwhile, solar energy can be stored and used later for operations. Cameras and light sensor components allow tractors to navigate while determining the right path, even in the dark. Therefore, farmers can operate these tractors at any time of the day without worrying about power backup. Solar energy-powered tractors are cost-effective as they are not dependent on fuel. Such factors are expected to aid the growth of the market during the forecast period.

Key Autonomous Tractors Market in Europe Challenge

High implementation costs are one of the factors hampering the Europe autonomous tractors market growth. Small and medium-scale farmers who produce a single crop and those who are dependent only on the cultivation of seasonal crops may find it difficult to implement autonomous tractors since these farmers are limited to a single crop or fruit production that keeps their margins low, minimizes their return on investment, and limits the availability of funds needed to purchase autonomous tractors. Therefore, this makes it difficult for them to invest in robotic technology, although it promises high returns in the long term. Hence, high implementation costs are expected to inhibit the growth of the market during the forecast period.

This autonomous tractors market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the autonomous tractors market in Europe as a part of the global agricultural and farm machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the autonomous tractors market in Europe during the forecast period.

Who are the Major Autonomous Tractors Market Vendors in Europe?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • 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.
  • ZIMENO Inc DBA MONARCH TRACTOR

 

This statistical study of the Europe autonomous tractors market encompasses successful business strategies deployed by the key vendors. The Europe autonomous tractors market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • AgJunction Inc. - The company offers autonomous tractors that are used to reduce skips and overlaps during tillage, plowing, furrowing, bedding operations and all other aspects of field preparation.  

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Autonomous Tractors Market in Europe Value Chain Analysis

Our report provides extensive information on the value chain analysis for the autonomous tractors market in Europe, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Component Segments in the Autonomous Tractors Market in Europe?

To gain further insights on the market contribution of various segments Request a PDF Sample

The autonomous tractors market share growth in Europe by the sensors segment will be significant during the forecast period. Sensors such as those used for light detection, weed detection, photometric, and photosynthesis are incorporated into autonomous tractors to monitor cultivation. Therefore, with the development of autonomous tractors, the sensors segment of the market is expected to grow during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the autonomous tractors market size in Europe and actionable market insights on the post-COVID-19 impact on each segment.

 

Autonomous Tractors Market Scope in Europe

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

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key 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 recovery analysis 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.

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What are the Key Data Covered in this Autonomous Tractors Market in Europe Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive autonomous tractors market growth in Europe during the next five years
  • Precise estimation of the autonomous tractors market size in Europe and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the autonomous tractors industry in Europe 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of autonomous tractors market vendors in Europe 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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
              • effect of climate change on agricultural production: Agricultural production is directly dependent on climate changes, such as a rise in temperature. Unfavorable climate change can affect agricultural production. For instance, an increase in temperature can reduce yields, thereby affecting the potential profitability of end-users. Agriculture plays a key role in the overall economic growth of many countries. A rise in temperature is mainly attributed to the increase in greenhouse gas emissions, including fluorinated gases, nitrous oxide, carbon dioxide, and methane, which can negatively affect water and land resources, resulting in floods and droughts. Such adverse effects of climate change can reduce the scope of farming and adversely affect the sales opportunities of agricultural and farm machinery.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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