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Robot Kitchen Market to Perceive Huge Growth of USD 4.4 billion and is Likely to Touch CAGR of 12.6% by 2029

02-06-2023 10:47 AM CET | IT, New Media & Software

Press release from: Adroit Market Research

Robot Kitchen Market

Robot Kitchen Market

A robot kitchen is a particular kind of kitchen where routine cooking operations are automated using robotics technology. Robot helpers that can be programmed to cook meals or even clean up afterward can be seen in robot kitchens along with automated appliances like ovens, microwaves, and dishwashers. Robotic kitchen demand is rising quickly as a result of robotics technology advancement. Robotic kitchens are gaining popularity as a method to streamline common kitchen operations and shorten the time required to prepare meals.

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The global robot kitchen market is anticipated to grow at a CAGR of 12.6% from 2019 to 2029, reaching a value of USD 4.4 billion. The need for greater convenience and labour efficiency, as well as the growing acceptance of technology-driven solutions in routine tasks, are the main drivers of this surge in demand. The demand for new and enhanced robotics technologies increases along with the market. Research and development on robotics technology for the kitchen must be sped up to keep up with this rising demand.

Based on kind, the robot kitchen market is separated into hardware and software segments. Because of rising spending in R&D, the hardware segment is anticipated to grow the fastest of these two market groups. The industry is predicted to undergo a revolution thanks to advancements in hardware like sensors and machine learning algorithms, while software like artificial intelligence and natural language processing will further expand the capabilities of kitchen robots.

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Due to the growing need for robotic solutions that are more affordable and effective in terms of providing food preparation, meal planning, and cleaning services, the residential segment of the application is anticipated to be the major driver of growth. In order to improve the efficiency of their operations, a rising number of commercial enterprises, including hotels and restaurants, are implementing robots in their kitchens.

Regionally, North America is anticipated to continue to lead the market for kitchen robots thanks to technological improvements, shifting customer preferences, and a growing number of smart homes. More companies are projected to use kitchen robots as their operations as they become more affordable and effective, fueling the segment's expansion. Additionally, it is anticipated that the presence of multiple players in the area and the rising popularity of smart homes would increase demand for kitchen robots in North America.

Leading robotics company Cybertron introduced its first line of kitchen robots in January 2022, making it simpler than ever to automate the home kitchen using robotics. As additional robot manufacturers entered the market and Cybertron expanded its product line in the years that followed, prices decreased as a result of more competition.

A development in artificial intelligence allowed the robots to make decisions and prepare meals on their own in March 2021, greatly enhancing their appeal. As a result, during the past ten years, the market for robot kitchen equipment has flourished, giving consumers access to a wide selection of possibilities. The Cybotron Chef, Cybertron's newest robotic kitchen gadget, was launched in May 2020. It is outfitted with the most advanced AI technology and a number of functions that are intended to simplify cooking. Consumers now have access to a product that combines high-tech features with affordable prices, making it the ideal addition to any home, thanks to the release of the Cybotron Chef. The market for robotic kitchen appliances was valued at $2.6 billion in October 2019; it is expected to keep expanding in the next years. This sector is expected to expand dramatically as customers have more access to robotic kitchen gadgets.

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ABOUT US:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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