Food Robotics Market Trends by Leading Key Players are ABB Group, Rockwell Automation Incorporated, Kuka AG, Fanuc Corporation

"AMR team is working exclusively on COVID-19 impact on various Food Robotics markets . The COVID-19 update is in progress and our research team is doing primary research activity to find out the revised growth curve of across all the industries at country level. Conducting an exclusive study keeping COVID-19 in mind would help client to interpret the economic impact in near-terms of and long term future. AMR research team is also tracking the changing dynamics of Food Robotics Market industry along with its immediate impact on the market".

In-depth analysis of the COVID-19 impact on the Food Robotics Market: https://www.alliedmarketresearch.com/request-sample/2363

Key Finding of The Food Robotics Market:

Based on type, the articulated segment in the food robotics market is expected to grow at a CAGR of 12.5% from 2017 to 2023.
Based on geography, Asia-Pacific is projected to maintain its lead position throughout the forecast period, growing at a CAGR of 15.1%, in terms of value. However, LAMEA is anticipated to witness the highest growth rate.
Based on application, the palletizing application segment accounted for more than two-fifths share of the total in the global food robotics market in 2016.
Based on geography, China is expected to occupy more than one-third of the Asia-Pacific food robotics market share in 2023.
In terms of value, India is expected to grow at a CAGR of 20.8% from 2017 to 2023.
In 2016, Asia-Pacific accounted for approximately three-fifths share of the total food robotics market and is expected to continue to be dominant during the forecast period, major growth in China, India, and the other developing countries is expected. Rise in food & beverage sector and increase in demand for packaged food are major drivers of the market in Asia-Pacific.

The key players profiled in the report include Mitsubishi Electric Corporation, ABB Group, Rockwell Automation Incorporated, Kawasaki Heavy Industries Ltd., Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Seiko Epson Corporation, Staubli International AG, and Universal Robotics A/S.

According to a new report published by Allied Market Research, titled, "Global Food Robotics Market by Type, Payload and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023," The food robotics market size was valued at $1,535 million in 2016 and is projected to reach $3,612 million by 2023, growing at a CAGR of 13.0% from 2017 to 2023. Asia-Pacific is one of the prominent customers of food robotics, accounting for more than three-fifths of the total market share in 2016. Food robotics refers to the machines use in the food & beverage industry to perform various complex activities such as picking, packing, and palletizing. Technological advancement across various industries widens the application horizon of robotics. Robotics is applicable in sectors such as automotive, electrical & electronics, metal, chemical & plastics, and food. Over the past few years, robotics has gained traction in the food & beverage industry, attributed to the advantages offered by these robots such as high speed of productivity, better cleanliness and hygiene, more flexibility, and others.

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The demand for food robotics has been steadily increasing. Increase in the food safety regulations is anticipated to drive the demand for food robotics in the near future and provide avenues for the food robotics market growth. In addition, it is expected that manual labor will be completely replaced with industrial robots. These robots are advantageous as they can perform multiple tasks at the same time, leading to improved productivity. The changes in lifestyle of people result in surge in demand for packaged and ready-to-eat food products, which in turn is anticipated to boost the demand for food robotics during the analysis period

Based on the food robotics market forecast in 2016, the articulated segment is expected to maintain dominance in the global market during the forecast period. However, SCARA is anticipated to gain traction in the near future, owing to increase in demand for automation in the food & beverage industry. In 2016, articulated and SCARA collectively accounted for approximately three-fifths of the total global market share.

According to the food robotics market analysis in 2016, the medium payload food robotics accounted for maximum share in the global food robotics market and is expected to remain dominant during the forecast period. These robots offer high flexibility and better process control to cater to the changing manufacturing needs in this industry.

The palletizing application segment is projected to remain dominant in the global food robotics market during the analysis period. In 2016, palletizing and processing application segments collectively accounted for approximately half share in the global market. The processing application segment is anticipated to register at the highest CAGR, owing to increase in demand in meat processing industry.

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