Universal $2.55 Bn Food Robotics Market Quadruples by 2023; with a ~ 12.70 % of Whooping CAGR | Yaskawa Electric Corporation, Fanuc Corporation, Rockwell Automation, Mitsubishi Electric Industries and ABB Group

Food Robotics Market by Types of Robots, Payload and Application- Global Industry Analysis and Forecast to 2023.

The Food Robotics Market was worth USD 0.87 billion in the year 2014 and is expected to reach approximately USD 2.55 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 12.70% during the forecast period.

Competitive Insights:

The leading players in the market are Yaskawa Electric Corporation, Fanuc Corporation, Rockwell Automation, Mitsubishi Electric Industries and ABB Group. The expanded implantation computerization innovations for food production and processing purposes are boosting the development of the market. The expanding number of major players in the market is impacting the opposition, as the suppliers are spending on the innovative work exercises to present imaginative answers for meeting the necessities of the business. The rising requirement for automated processes and the financial development of the rising nations are giving new development roads to the producers.

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Industry Overview:

The developing accentuation on expanding operational productivity underway and rising interest for packaged foods are foreseen to drive the development of food robotics market. The quick changes that are occurring in the robotics technology and the advent of robotics technology and innovative computerization advances are driving the interest for robotics systems in the food industry. The technologies help consumers in the automation of differing industrial applications, for example, packaging, palletizing, and processing. They additionally diminish the reliance of enterprises on workforce and help in keeping up the quality of yield. The measures embraced by different governments for security of food have been boosting the requirement for automation solutions. The technology is helping the food processing and production sector in accomplishing generation objectives and keeping up consistency in nature of the products. The expanding implementation of robotics systems for different industrial operations has made an interest for food robotics systems. The quick change in innovation and requirement for operational efficiencies in the food processing industry are prompting the improvement of automation systems, for example, parallel, cylindrical, articulated, and SCARA. The automated systems used as a part of the food processing sector provide sophisticated processing needs, heavy material handling, and pack & place. The capacities and elements of automated systems change contingent upon the ventures' necessities.

Type Outlook and Trend Analysis:

The types of robots that are used as a part of the food robotics market are parallel, SCARA, articulated, cylindrical, and different robots. They have distinctive payload limits and are intended for different nourishment preparing industry operations. The cylindrical, SCARA, and parallel sections are anticipated to encounter noteworthy development over the gauge period. The articulated section represented the most astounding share of the market in 2016, inferable from the broad usage of explained systems for material handling and palletizing.

Payload Outlook and Trend Analysis:

The payload capacity of robots is the weight which a robotic arm is capable of lifting. The payload limit of wards on the undertaking it performs. The payload section is segmented into medium, heavy and low payload classes. The medium, low, and heavy payload systems have the payload limits of 0-10 kg, 10 kg to 100 kg, or more 100 kg, separately. The medium and the low payload limit fragments are anticipated to develop at quicker rates over the determined period. Repackaging, placing, Packaging, and picking applications are tended to by the medium and low payload capacity systems. The pattern of making use of these automated systems is anticipated to support the development of the general food robotics market.

The global Food Robotics Market is segmented as follows-

Food Robotics Market, By Type:

SCARA
Articulated
Cylindrical
Parallel
Others

Food Robotics Market, By Payload:

Medium
Low
Heavy

Food Robotics Market, By Application:

Packaging
Palletizing
Processing
Repackaging
Picking
Others

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Application Outlook and Trend Analysis:

The packaging portion is foreseen to develop at a quicker CAGR contrasted with alternate applications. The requirement for the packaged food is the major driving variable for the section development. The usage of robotics systems for packaging empowers an expansion in production capacity, uniformity in packaging, and reduction in wastage. The applications portion comprises of picking, packaging, palletizing, processing, and repackaging. The expanding usage of automated solutions in the sector of food processing is anticipated to drive the repackaging and preparing sections over the anticipated period.

Food Robotics Market, By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

Regional Outlook and Trend Analysis:

In 2016 The European market represented the biggest share of the market, attributable to the sustenance security directions and the expanding work costs in the locale. The administrative measures taken in the food security in the European market are anticipated to drive the interest for the automated systems. The expanding labor expenses in the food business are driving the market towards the implementation of robotized systems in the European market. Asia Pacific is foreseen to be the quickest developing business sector over the estimate time frame. The expanding discretionary income is expanding the requirement for processed and packaged food in the developing economies and along these lines, additionally affecting the reception of automation technologies to improve the nourishment manufacturing capacities.

List of Tables:

Table 1.Food Robotics Market, By Types of Robots ($Million), 2014-2023
Table 2.Articulated Market, By Region ($Million), 2014-2023
Table 3.Parallel Market, By Region ($Million), 2014-2023
Table 4.Articulated Market, By Region ($Million), 2014-2023
Table 5.SCARA Market, By Region ($Million), 2014-2023
Table 6.Cylindrical Market, By Region ($Million), 2014-2023
...

List of Figures:

Figure 1.Food Robotics Market Share, By Types of Robots, 2014 & 2023 ($Million)
Figure 2.Food Robotics Market, By Payload, 2014 & 2023 ($Million)
Figure 3.Food Robotics Market, By Application, 2014 & 2023 ($Million)
Figure 5.Food Robotics Market, By Region, 2016, ($Million)
Figure 6.Kawasaki Heavy Industries Ltd.: Net Revenues, 2014-2016 ($Million)
...

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What our report offers:

- Market share assessments for the regional and country level segments

- Market share analysis of the top industry players

- Strategic recommendations for the new entrants

- Strategic recommendations in key business segments based on the market estimations

- Competitive landscaping mapping the key common trends.

- Company profiling with detailed strategies, financials, and recent developments

- Supply chain trends mapping the latest technological advancements

TO BE CONTINUED…

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