Cooking Robots Market Analysis and Forecast, 2019-2028 - In-depth Market Report by RationalStat
Market Overview and Dynamics: Robotics-as-a-Service to grow rapidly during the forecast period
The global cooking robots market is expected to expand at a CAGR of over 15% during the forecast period of 2022-2028. Technological advancements and increasing demand for professional service robots in the HoReCa industry are pushing the global market growth ahead.
The emergence of robots in the market is inevitable for various commercial applications such as cooking in this modern competitive and highly advanced business environment. Professional service robots are becoming a crucial part of the cooking processes in the HoReCa industry with the significant incorporation of innovative features such as visual recognition and failure prediction. Moreover, technological developments in the food & beverages industry are also augmenting a significant surge in robot adoption.
North America is the key region in the global cooking robot market, primarily driven by the increased demand for AI-driven robots for the commercial kitchen to provide kitchen assistance in food & beverage industries across the US and Canada. The presence of significant numbers of industry players is also positively influencing regional industry growth. Moreover, Europe is also expected to be a potential region on account of the substantial increase in robot adoption in the HoReCa industry. UK, Germany, and France are likely to be attractive European countries during the forecast period.
• By Application, coffee & cocktail making robots are likely to grow at a significant pace due to the increased focus on product development along with the significant adoption of the choice of beverages.
• On the basis of end user, the commercial segment will continue to lead the market; however, high growth is expected in the residential segment.
• Based on region, North America and Western Europe, collectively, are expected to dominate the cooking robots market due to the intensive spending on product development coupled with the soaring adoption.
Competition Analysis: Regional Players Dominate the Domestic Markets
The global cooking robot market is characterized by the presence of a few players who are enjoying a leading position in the global market. Nevertheless, start-ups are paying their way in the prolific cooking robot market by providing products specific to customers' needs. Some of the leading players involved in the development, manufacturing, and marketing of cooking robots include Miso Robotics, Inc., Mechanical Chef, Moley Services UK Ltd., Picnic Works, Inc., Café X Technologies Limited, Wilkinson Baking Company, Chowbotics Inc., Karakuri Ltd., Creator, Nymble Labs Private Ltd., Limited, Euphotic Labs (Let's Nosh), Tahi Technologies Inc. (Else Labs), Kingclean Electric Co., Ltd., and Briggo Inc., among others.
Mergers & acquisitions, product innovations, launches, and partnerships are the identified strategies in the global cooking robot market. Some of the key developments of the market include,
• In January 2021, Spyce, created by MIT graduates opened its second location in Harvard Square, United States.
• In May 2020, Miso Robotics announced its partnership with Pathspot. This was aimed to advance healthier commercial cooking environments, improving safety standards in kitchens to address the needs of the culinary industry.
RationalStat has segmented the global cooking robots market on the basis of robot type, application, end-user and region.
• By Robot Type
o Others (Delta)
• By Application
o Burgers & Sandwich
o Coffee & Cocktails
o Others (Bowl, Pasta)
• By End User
Others (Ghost Kitchens)
• By Region
o North America
o Latin America
Rest of Latin America
o Western Europe
Rest of Western Europe
o Eastern Europe
Rest of Eastern Europe
o Asia Pacific
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
o Middle East & Africa
Rest of the Middle East & Africa
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