Press release
Food Automation Market to reach USD 20.49 Bn by 2029, emerging at a CAGR of 7.3 percent and forecast 2023-2029
Food Automation Market
This comprehensive Food Automation Market report explores the various segments of the market, including Type, Application, Function, and Region. It provides in-depth analysis and data for key market players and regions, including North America, Asia Pacific, Europe, Middle East & Africa, and South America. The report covers the period from 2017 to 2020 and examines market drivers, limitations, prospects, and barriers, offering valuable investor recommendations based on the current competitive landscape.
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Food Automation Market Research Methodology
The report utilizes data from market players and regions to provide key data analysis. It includes facts, figures, illustrations, and presentations to offer insights into the Food Automation market. The research methodology involves a thorough examination of the contemporary competitive scenario in the Food Automation market.
What are Food Automation Market Dynamics:
The Food Automation market is driven by a combination of factors, including technological advancements, changing consumer preferences, and industry-specific challenges. Understanding the dynamics of this market is crucial for industry participants and investors. Rapid advancements in automation technologies, including software, sensors, machine learning, and robotics, have transformed the food industry. These technologies enable improved efficiency, precision, and scalability in food production and processing, reducing the reliance on manual labor. Labor shortages in the food industry, exacerbated by the COVID-19 pandemic, have accelerated the adoption of automation. Food automation systems help bridge the gap by automating repetitive and labor-intensive tasks, reducing the industry's dependence on human workers.
Food Automation Market Regional Insights:
The North American market is expected to grow at a CAGR of 10.7% during the forecast period. The COVID-19 pandemic highlighted the need for automation in the meat packing sector to address labor shortages and ensure worker safety. Robotics and automation are seen as essential for revolutionizing the industry, with initiatives like automated deboning systems being developed. The Asia Pacific region is experiencing rapid economic growth, increased spending power, and a growing middle class. This drives the demand for food automation to meet market demands while maintaining quality and control. Digital transformation, including Industry 4.0 technologies, is gaining traction in the region, enabling manufacturers to improve production processes, data-driven transparency, and quality control.
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What is Food Automation Market Segmentation:
by Type
Motors & generators
Motor controls
Discrete controllers & visualization
Rotary products
Linear products
Others
by Application
Dairy
Bakery
Confectionery
Fruit & vegetable
Meat, poultry, and seafood
Beverages
by Function
Processing
Packaging & Repackaging
Palletizing
Sorting & Grading
Picking & Placing
Others
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Who are the Food Automation Market Key Players:
1. Rockwell Automation, Inc.
2. Siemens AG
3. ABB Ltd
4. Mitsubishi Electric Corporation
5. Schneider Electric SE
6. Yokogawa Electric Corporation
7. GEA Group
8. Fortive Corporation
9. Yaskawa Electric Corporation
10. Rexnord Corporation
11. Emerson Electric Co.
12. Nord Drivesystems
13. Horner APG
14. Frontmatec
15. Festo AG & Co. KG
16. Elwood Corporation
17. Copa-Data
18. Eaton
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The table of content for the Food Automation Market includes:
1. Global Food Automation Market: Research Methodology
2. Global Food Automation Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
1. Global Food Automation Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by Region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• MandA by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size, and Forecast by Different Segments | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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