Global Driverless Tractor Market – Industry Trends and Forecast to 2029

Global Driverless Tractor Market, By Component (Sensor, GPS, Vision System, Others), Power Output (>30 H.P., 31 to 80 H.P., >80 H.P.), Technology (Fully Autonomous Tractors, Supervised Autonomous Tractors, Operator Assisted Autonomous Tractors), Crop Type (Cereals & Grains, Oilseeds and Pulses, Fruits and Vegetables), Application (Tillage, Harvesting, Irrigation, Seed Sowing, Spraying and Fertilizing), – Industry Trends and Forecast to 2029.

Driverless Tractor Market Analysis and Size

Driverless labour is declining as farm labour costs rise. Farmers are increasingly using driverless mechanisation to replace manual labour and provide more cost-effective, easily accessible, and efficient driverless operations. Tractors are the most common source of power for driverless machinery. This has been observed to contribute to long-term market growth.

Data Bridge Market Research analyses that the driverless tractor market which was growing at a value of 0.756 billion in 2021 and is expected to reach the value of USD 1.48 billion by 2029, at a CAGR of 8.8% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Driverless Tractor Market Scope and Segmentation

Market Definition

A driverless tractor is a type of autonomous technology used in farming to make better use of food resources and increase crop yield. Driverless tractors are known to increase farmer profits while decreasing consumer prices. They make sustainable/organic farming a more appealing option for both farmers and consumers.

Driverless Tractor Market Dynamics

Drivers

• Technological revolution in agricultural industry combined with governments favouring policies

Government policies, such as loan waivers, schemes, and policies, are driving the growing trend of farm mechanisation, which is expected to drive the growth of the driverless tractors market in developing countries around the world. Farm mechanisation is a rapidly growing phenomenon in the driverless tractor market, as emerging economies benefit from government efforts to revolutionise the agriculture industry.

• Growing adoption of precision farming all around the world

Precision farming, as well as the increasing adoption of farm mechanisation to increase productivity, is driving up demand for tractors. The growing number of farm training programmes promoting the use of driverless machinery on a large scale is also driving the tractor market. Aside from that, the growing number of building and construction projects is increasing demand for tractors in the construction industry. Furthermore, various technological advancements have introduced advanced tractors equipped with GPS and telematics devices. The growing popularity of automated commercial vehicles, as well as the widespread use of wireless connectivity for remote monitoring, is expected to drive the global driverless tractor market.

Opportunity

There is a growing demand for low-cost innovations in the driverless tractor market. This demand has resulted in advancements in driverless tractors. Companies are expected to form talent pools in their R&D centres by collaborating with researchers conducting science experiments outside the academic setting. First-year engineering students are developing driverless tractors, which are gaining attention from popular news outlets. Companies in the driverless tractor market are becoming aware of driverless tractors and benefiting from innovations in these tractors, as they have the potential to eliminate the costs associated with hiring a driver. As a result, companies in the driverless tractor market should work with engineering talent to further innovate in driverless tractors.

Restraints

High initial capital investment and smaller land holdings in developing economies are expected to impede market growth. In the forecast period, the driverless tractors market is expected to be challenged by a lack of data management practises in agriculture and a lack of technical knowledge among farmers.

This driverless tractor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the driverless tractor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Driverless Tractor Market

COVID-19 disrupted the entire supply chain; however, the driverless industry appeared to be the least affected of all industries. This was primarily due to government efforts to classify driverless activities as essential services. During COVID-19, the driverless industry faced four major challenges: a lack of farm equipment parts, a drop in new tractor sales in the first half of 2020, the closure of production facilities, and a drop in working capital. Despite the impact of COVID-19 on the driverless tractor market, it is expected to rebound by the end of 2021.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

During the COVID-19 pandemic, the tractor business experienced a sharp drop, with the dealership network being the most affected due to supply chain disruptions and manufacturing units that were not fully operational. Due to travel restrictions, production was delayed and supply was disrupted, resulting in a sharp decrease in tractor sales during 2019-2020.

Recent developments

• The companies are engaged in a variety of strategic activities, the most important of which is product innovation to bring new models to market. For example, Deere & Co. announced in early January 2022 that it has developed a fully autonomous tractor designed for large-scale farming and plans to sell the machine later that year.
• Many international players in the market studied have collaborated or invested in domestic players in order to expand their reach and services in the market studied. CNH Industrial, for example, completed a minority investment in Monarch Tractor, a U.S.-based agriculture technology company, in 2021. Monarch is a tractor technology pioneer, having developed an electric tractor platform that combines a fully-electric powertrain with autonomous technologies to help advance farming operations.
• Furthermore, Kubota announced a collaboration with U.S. chipmaker Nvidia in 2020 to develop highly sophisticated self-driving farm tractors capable of complete autonomy.

Global Driverless Tractor Market Scope

The driverless tractor market is segmented on the basis of component, power output, technology, crop type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

• Sensor
• GPS
• Vision System
• Others

Power Output

• >30 H.P.
• 31 to 80 H.P.
• >80 H.P.

Application

• Harvesting
• Seed Sowing
• Irrigation
• Tillage
• Spraying and Fertilizing

Technology

• Fully Autonomous Tractors
• Supervised Autonomous Tractors
• Operator Assisted Autonomous Tractors

Crop type

• Cereals & Grains
• Oilseeds & Pulses
• Fruits & Vegetables

Driverless Tractor Market Regional Analysis/Insights

The driverless tractor market is analysed and market size insights and trends are provided by country, of component, power output, technology, crop type and application as referenced above.

The countries covered in the driverless tractor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

China and India are the leading country-level markets for driverless products such as crops and vegetables. Due to the availability of driverless fields, Asia-Pacific countries are among the most appealing markets for driverless tractors. According to the India Brand Equity Foundation, the driverless sector is the primary source of income for nearly 58 percent of the country's population. The rising demand for driverless machinery in the driverless industry is expected to propel the driverless tractors market in North America forward. Furthermore, the rising demand for driverless implement modernization is expected to provide lucrative opportunities to the driverless tractors market during the study period.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Driverless Tractor Market Share Analysis

The driverless tractor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to driverless tractor market.

Some of the major players operating in the driverless tractor market are:

• Deere & Company (U.S.)
• Tractors and Farm Equipment Limited (India)
• Kubota Corporation (Japan)
• CLAAS KGaA GmbH (Germany)
• AGCO Corporation (U.S.)
• CNH Industrial N.V. (U.K.)
• Enerpac Tool Group (U.S.)
• JCB (U.K.)
• Mahindra & Mahindra Ltd. (India)
• SDF Group (Italy)
• Bucher Industries (Switzerland)
• Alamo Group, Inc. (U.S.)