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Robot Kitchen Market Size, Share, Scope, Growth, Trends
Robot Kitchen Market Size
As per the report, the robot kitchen market size has grown exponentially in recent years. It will grow from $2.73 billion in 2023 to $3.35 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The robot kitchen market size is expected to see rapid growth in the next few years. It will grow to $5.94 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%.
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Rising Smart Home Adoption Accelerates The Evolution Of Robot Kitchens
The increasing adoption of smart homes is expected to propel the growth of the robot kitchen market going forward. A smart home is a home setup where internet-enabled appliances and devices can be automatically controlled remotely using a networked device. Smart homes provide robot kitchens with an intelligent environment for automated cooking and activity monitoring. For instance, in June 2023, according to a survey of 1,000 adults conducted by Samsung Electronics Co. Ltd., a South Korea-based subsidiary of Samsung Electronics, 86% of homebuyers in the UK would consider a smart home when selecting their next property, and they would pay $22,860 (£18,000) more for it. Further, almost 40% of Gen Z buyers want their next property to be a smart home. Therefore, the increasing adoption of smart homes is driving the growth of the robot kitchen market.
Robot-Operated Or AI-Powered Restaurants Revolutionizes Robot Kitchen Industry
Major companies operating in the robot kitchen market are increasingly focusing on developing robot-run, AI-powered restaurants to gain a competitive edge in the market. A robot-run restaurant is an establishment where robots and automation technologies are used to perform various tasks in restaurant kitchens related to food preparation, cooking, serving, and even cleaning. For instance, in November 2023, Remy Robotics, a Spain-based food service artificial intelligence (AI) company, launched its new automated cooking robots with the concept of a robot restaurant called Better Days in New York City. The restaurant utilizes Remy Robotics' robotics platform to power its operations, offering a health-focused menu and limited physical dining space. The restaurant operates as a human-free storefront, with off-site human preparation and robot-coordinated on-site food assembly. The restaurant uses machines that use artificial intelligence to cook a diverse menu and offer high-quality, healthy food consistently and at an affordable price. The robotic kitchen operates without traditional ventilation systems or human supervision, reflecting the industry's push toward labor-saving technology.
The robot kitchen market covered in this report is segmented -
1) By Type: Hardware, Software
2) By Robot Type: 6-Axis, Cartesian, Delta, Selective Compliance Assembly Robot Arm (SCARA), Other Robot Types
3) By Application: House, Commercial, Other Applications
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Major companies operating in the robot kitchen market report are Samsung Electronics Co. Ltd., Sony Group Corporation, LG Corporation, Panasonic Holdings Corporation, ABB Group (ABB Robotics), Nvidia Corporation, Yaskawa Electric Corporation, KUKA AG , Armstrong Robotics, HeroX, Sweetgreen, Pal Robotics, Bear Robotics Inc., Boston Dynamics, QSR Automations, Zimplistic Inventions, Dishcraft Robotics, Niryo Robotics SAS , Savioke, Remy Robotics, Soft Robotics, Wilkinson Baking Company (BreadBot), Nymble Labs, Dexai Robotics, Moley Robotics, Miso Robotics, Xrobotics
Contents of the report:
1. Executive Summary
2. Robot Kitchen Market Report Structure
3. Robot Kitchen Market Trends And Strategies
4. Robot Kitchen Market - Macro Economic Scenario
5. Robot Kitchen Market Size And Growth
…..
27. Robot Kitchen Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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