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Global Agricultural Robot Market Forecast to Grow at 14.47% CAGR Till 2016

Research and Markets has announced the addition of the "Global Agricultural Robot Market 2012-2016" report to their offering.

TechNavio's analysts forecast the Global Agricultural Robot market to grow at a CAGR of 14.47 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased interest in robotics shown by governments. The Global Agricultural Robot market has also been witnessing the development of specific-purpose robots. However, the uncertainties in certain tasks could pose a challenge to the growth of this market.

The key vendors dominating this market space are Honda Motor Co. Ltd., iRobot Corp., GeckoSystems Intl. Corp. and AB Electrolux.

The other vendors mentioned in the report are Fujisoft Inc., Yujin Robotic Co. Ltd., Harvest Automation Inc., Lely Industries N.V., DeLaval Inc., Fullwood Ltd., and GEA Farm Technologies Inc.

Commenting on the report, an analyst from TechNavio's Engineering team said: ''The Global Agricultural Robot market is witnessing increased investments owing to the development of new, enhanced, and technologically advanced robots. Several major vendors and startup companies are increasingly investing in developing robots for agricultural purposes in order to gain the first-mover advantage. Governments are showing increased interest in the development of the Robotics industry by funding investments, thus having a huge positive impact on the growth of the market.''

According to the report, the need among farmers to increase productivity is one of the major drivers of the market, and its impact on the market is expected to continue till 2020. Unlike humans, robots can work for a long period of time and maintain consistency and accuracy throughout. They can perform the work more quickly than a human, thus enhancing productivity. For instance, the adoption of milking robots, rice-planting robots, and robots involved in other labor-intensive activities such as moving pots and shrubs is increasing at a good rate, and they are expected to witness increased adoption during the forecast period.


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