03-Aug-2023
The increasing labour shortage, along with growing precision farming practices is driving up demand for Canada agriculture robots market during the forecast period.
Canada Agriculture Robots Market is valued at USD 178.54 million in 2022 and is expected to reach USD 666.36 million by 2030, with a CAGR of 16.7% from 2023 to 2030, according to new research by Next Move Strategy Consulting.
Canada, like many other regions, faces a shortage of skilled agricultural labor. The aging farming population and a decline in the number of people pursuing careers in agriculture have led to a scarcity of available farmworkers. Agriculture robots offer a solution by automating labor-intensive tasks, reducing the dependency on manual labor, and mitigating labor scarcity challenges.
Precision farming is gaining popularity in Canada. Agriculture robots are critical in the implementation of precision agriculture techniques as they enable accurate planting, targeted spraying, and data-driven decision-making. The capacity of robots to gather data, analyze it in real time, and deliver actionable insights assists farmers in optimizing resource utilization, reducing input waste, and increasing crop yields.
Nonetheless, the growth of the market is expected to be restrained due to inadequate technical proficiency and substantial initial costs. Farmers could encounter challenges in acquiring and retaining the necessary expertise and abilities essential for the operation and upkeep of such sophisticated robotic machinery.
On the contrary, the ongoing advancements in robotics such as artificial intelligence (AI), and sensor technologies offer significant opportunities for the development of advanced agriculture robots in Canada. These technological advancements enable the creation of more sophisticated and capable robots that can revolutionize farming practices. This advancement is expected to create ample opportunities for the agriculture robots market.
According to the report, leading players in the Canada agriculture robots market include Verdant Robotics, Agrobotix LLC, DroneDeploy, Harvest Automation Inc., DeLaval Inc., Blue River Technology, John Deere, Clearpath Robotics, Solinftec, and GEA Group.
The information related to key drivers, restraints, and opportunities and their impact on the Canada agriculture robots market is provided in the report.
The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.
The market share of players in the Canada agriculture robots market is provided in the report along with their competitive analysis.
The increasing crop yields and enhancing agricultural produc...
Overcoming labor shortages with growing water scarcity in Mi...
Utilizing agriculture robots to address increasing populatio...
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