Global Autonomous Agriculture, Construction, And Mining Machinery Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Autonomous Agriculture, Construction, And Mining Machinery Market Report by The Business Research Company covers autonomous agriculture, construction, and mining machinery market drivers and restraints, autonomous agriculture, construction, and mining machinery market size, major players, and the impact of COVID-19 on the autonomous agriculture, construction, and mining machinery market.
The autonomous agriculture, construction, and mining machinery market consists of sales of autonomous agriculture, construction, and mining machinery by entities (organizations, sole traders or partnerships) that are engaged in manufacturing autonomous machinery and vehicles which function with minimal human intervention and work on wireless communication technologies, by communicating with radio signals from other equipment receiving commands. The equipment includes sensors such as Light Detection and Ranging (LiDAR) and cameras to recognize humans and obstacles in order to perform a task autonomously. This type of equipment assures benefits such as improved efficiency and productivity, reduced errors, improved safety, and reduced unscheduled maintenance, as these machines send abnormalities to user through connected devices.
The global autonomous agriculture, construction, and mining machinery market is expected to grow from $22,499.7 million in 2020 to $26,779.5 million in 2021 at a compound annual growth rate (CAGR) of 19.0%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to grow at a CAGR of 14.1% from 2020 to reach $43,500.1 million in 2025. The global autonomous agriculture, construction, and mining machinery market is expected to reach $67,044.9 million in 2030, at a CAGR of 9.0%.
Most of the construction and mining companies are facing heavy equipment operator shortage across the world. Manufacturers are more focused towards technology such as robotics and automation primarily to combat labor shortages along with finishing up their tasks faster, reduce wastage and provide high yields with improved quality. Experts believed that one of the best solutions to combat labor shortage is to automate construction equipment for repetitive tasks, especially in remote areas and in locations with significant labor shortages.
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Some autonomous agriculture, construction, and mining machinery market trends include production of good quality machines, drones, and residue management equipment among others, by manufacturing industries to cope with the COVID-19 outbreak. Moreover, adaption of precision agriculture tools post-COVID as they yield higher output using optimal resources, with the help of scientific monitoring precision tools.
Global autonomous agriculture, construction, and mining machinery market segments include:
1) By Type – Autonomous Agriculture Machinery (Tractors, Harvesters, Tiller, Seed Drill, Others), Autonomous Construction Machinery (Earth Moving Equipment, Material Handling Equipment, Construction Vehicles, Concrete & Road Construction Equipment), Autonomous Mining Machinery (Autonomous Hauling/Mining Trucks, Autonomous Drilling Rigs, Underground LHD Loaders, Tunneling Equipment, Others)
2) By Autonomy – Partial/Semi-Autonomous, Fully Autonomous,
3) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Autonomous Agriculture, Construction, And Mining Machinery Opportunities and Strategies: Forecast To 2030:
The Autonomous Agriculture, Construction, And Mining Machinery Opportunities and Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides autonomous agriculture, construction, and mining machinery market overviews, analyzes and forecasts market size, share, autonomous agriculture, construction, and mining machinery market players, autonomous agriculture, construction, and mining machinery market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The autonomous agriculture, construction, and mining machinery identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Autonomous Agriculture, Construction, And Mining Machinery Opportunities and Strategies: Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Caterpillar Inc., Deere & Company, AGCO Corporation, CNH Industrial N.V., Kubota Corporation
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Autonomous Agriculture, Construction, And Mining Machinery Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Autonomous Agriculture, Construction, And Mining Machinery Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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