Press release
Global Food Robotics Market Is Anticipated To Register A CAGR Of 14% Over 2022-2030
Global Food Robotics Market
According to the research report published by Credible Markets, global food robotics market is currently valued at USD 2 billion and is expected to grow at a CAGR of 14% over the forecast duration of 2022-2030.
Global Food Robotics Market- Overview
Food robotics is predominantly referred to the machines, particularly robots used to perform various tasks across the food & beverage industry. Robots are generally deployed to complete complex and repetitive activities such as picking, packaging, and palletizing, as they are equipped with the abilities to achieve faster and efficient results. Moreover, these machines are also capable of handling extreme conditions like high temperature.
Key market trends- Growth Determinants and Challenges
The food robotics market growth is being fueled by factors such as surging demand for convenience or ready-to-eat food due to hectic lifestyle of the masses. Alongside, the growing need for efficient packaging to increase the shelf life of the food products and increasing investments in the food automation industry are adding traction to the overall industry progression.
Additionally, rapid population expansion, industrialization, and rising functionality of robots leading to their deployment across various industries, are positively swaying the market dynamics.
On the flipside, lack of skilled experts to ensure efficient installation, operation, and maintenance of robots is likely to slow down the industry development in the ensuing years. Moreover, high costs associated with the installation of robotic systems is negatively impacting the growth of this business sphere.
Segmental Analysis of Food Robotics Market
Based on type-
• Cartesian
• Articulated
• SCARA
• Cylindrical
• Collaborative
• Others
The articulated segment is expected to garner substantial returns over the forecast duration owing to the widespread adoption of articulated systems for palletizing.
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Based on payload-
• Low
• Medium
• High
The high payload segment is poised to expand at a significant rate ascribing to surging technological advancements and growing research & development investments in the field.
Based on application-
• Packaging
• Palletizing
• Repackaging
• Pick & Place
• Procession
• Others
The packaging segment is projected to register notable gains over the estimated timeline attributing to escalating demand for packaged food across the globe.
Asia Pacific is expected to amplify at a considerable CAGR
North America, Europe, Latin America, Asia Pacific, and Middle East & Africa are the major regions constituting the geographical landscape of worldwide food robotics industry. Among these, Asia Pacific is expected to showcase lucrative expansion trends over the stipulated timeline due to rise in disposable income and growing adoption of automation technology across food industry to escalate food production capacity.
Competitive Landscape
The prominent players influencing the competitive hierarchy of the market sphere are Fanuc Corporation, Kuka AG, Kawasaki Heavy Industries Ltd, Universal Robots A/S, Nachi-Fujikoshi Corporation, Bastian Solutions LLC, Ellison Technologies, Inc, Aurotek Corporation, OMRON Corporation, Yasakawa Electric Corporation, Denso Corporation, Schunk GmbH, and Rockwell Automation Inc.
Click here to Direct Purchase of Food Robotics Market Research Report: https://crediblemarkets.com/reports/purchase/food-robotics-market-660862?utf8=%E2%9C%93&license_type=single_user
Major Developments
• 6d Bytes in April 2018, announced the launch of its fully autonomous robotic station aiming at the efficient preparation of healthy and delicious blends. It helped the company in expanding its product portfolio and customer base.
• In March 2017, Kawasaki Heavy Industries, Ltd joined hands with Softbank Group to collaboratively develop a humanoid called 'Pepper' to perform various complexed tasks across the food & beverage industry.
Major questions answered in this report
• What is the growth rate of the food robotics market?
• What are the primary growth determinants of the food robotics market?
• Which are the major regions constituting the geographical landscape of food robotics market?
• Which are the prominent companies operating in food robotics market?
Key takeaways from the report
• Global food robotics market is projected to register a CAGR of 14% over 2022-2030
• Growing demand for convenience food products and surging functionality of robots are aiding market progression
• High payload segment is poised to expand significantly due to increasing technological advancement and high research & development investments
• Asia Pacific is anticipated to record notable gains ascribing to increasing per capita income and widespread adoption of automation technology across food industry.
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Credible Markets
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Email- sales@crediblemarkets.com
Web: https://www.crediblemarkets.com/
About Credible Markets
Credible Markets in one of the leading market research firms providing a 360-degree outlook of various industry dynamics to their clients. The reports and services offered by Credible Markets are used by prominent industry participants including investors, manufacturers, stakeholders, and new entrants.
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