Press release
Global Kitchen Robotics And Automation Market to Reach $4.32 Billion by 2029, Growing at 10.4% CAGR
What Is the Expected Size and Growth Rate of the Kitchen Robotics And Automation Market?The market size of kitchen robotics and automation has been on a quick upward trend in the past few years. It's forecasted to expand from a value of $2.63 billion in 2024 to $2.91 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.7%. Factors contributing to the robust growth during the historical period include amplified consumer demand, advancements in technology, increased labor costs, shifting consumer lifestyles, supportive regulatory policies, greater affordability, and strategic collaborations.
The market for kitchen robotics and automation is anticipated to experience rapid expansion in the forthcoming years, reaching a valuation of $4.32 billion by 2029, with a compound annual growth rate of 10.4%. This projected growth during the forecasted period could be due to factors such as the desire for customization and personalization, ecological concerns, health and wellness trends, urbanization and space limitations, an improved user experience, and the worldwide impact of the pandemic. The anticipated trends for this period encompass AI-assisted cooking, modular and upgradeable systems, the use of robotics in food delivery, incorporation of augmented reality (AR), voice and gesture command features, the use of blockchain for tracing food origins, and the employment of collaborative robotics, also known as cobots.
What Are the Main Catalysts for Growth in the Kitchen Robotics And Automation Market?
The kitchen robotics and automation market is projected to expand due to a surge in kitchen remodeling activities. Kitchen remodeling, which deals with the upgrading and improving kitchen spaces, including appliances, cabinets, countertops, and other features to augment their usefulness, is on the rise. This surge can be attributed to homeowners' desire for modern, functional spaces and the growing influence of home improvement shows encouraging renovations. Integration of robotics and automation in kitchen remodeling augments efficiency, diminishes labor expenses, and offers superior functionality, making contemporary kitchens more user-friendly and revolutionary. For instance, Houzz, a US-based home remodeling and design platform company, reported in March 2023 that in 2022, kitchen remodeling was the preferred home improvement project, with 28% of homeowners opting for these upgrades, a slight increase from 27% in 2021. Furthermore, approximately 36% of recent home purchasers embarked on kitchen renovation projects. The median cost for both large and small kitchen renovations escalated by $5,000, jumping from $15,000 in 2021 to $20,000 in 2022. Consequently, the upswing in kitchen remodeling activities fuels the growth of the kitchen robotics and automation market.
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Which Leading Companies Are Shaping the Growth of the Kitchen Robotics And Automation Market?
Major companies operating in the kitchen robotics and automation market are ABB Ltd., Kawasaki Heavy Industries Ltd, Yaskawa Electric Corporation, KUKA Robotics Corporation, Stäubli International AG., Mitsubishi Electric Automation Inc., Yaskawa Motoman Robotics, Universal Robots A/S, Tovala Inc., Brava Home Inc., Picnic Works Inc, Teforia Inc., Applied Robotics Inc., Bartesian Inc., Instant Brands Inc., Karakuri Ltd., PicoBrew Inc., Drop Kitchen Inc., Chowbotics Ltd, Suvie Inc., Moley Robotics Ltd, Hestan Cue Inc.
What Are the Major Trends Shaping the Kitchen Robotics And Automation Market?
Prominent corporations in the kitchen robotics and automation sector are concentrating on the creation of state-of-the-art solutions like robotic kitchen technologies to boost operational efficiency, decrease manpower expenses, uphold food consistency, and promote a safer working environment within the food service sector. These robotic kitchen technologies automate many food-related tasks, simplify food preparation, ensure reliable cooking quality, and improve functional efficiency within the kitchen. For example, in October 2023, KFoodtech Inc., a company based in South Korea that specializes in food technologies, introduced BotBob, an innovation in robotic kitchen solutions aimed at solving pressing issues in the restaurant business, including labor deficiency, spiralling operation costs, and upholding food consistency. Providing an all-encompassing solution that covers food prep, serving, procurement, payment processing, and more, BotBob enhances safety in the workplace by segregating dangerous cooking procedures. Capable of preparing up to six portions of traditional Korean stew within three minutes and thirty seconds, BotBob targets to boost effectiveness, cut down waiting periods, and foster a more secure and comfortable work setting for restaurant personnel.
What Are the Key Segments of the Kitchen Robotics And Automation Market?
The kitchen robotics and automation market covered in this report is segmented -
1) By Product Type: Collaborative, Cylindrical, Articulated, Other Product Types
2) By Automation Level: Semiautomatic, Fully Automatic
3) By End-User: Commercial, Residential
Subsegments:
1) By Collaborative Robots: Human-Robot Interaction-Based Robots Or Collaborative Cooking Robots Or Food Preparation And Service Assistants
2) By Cylindrical Robots: Cylindrical Arm Robots Or Food Handling And Packaging Robots
3) By Articulated Robots: Multi-Axis Articulated Robots Or Food Processing And Cooking Robots Or Robotic Arms For Cooking And Plating
4) By Other Product Types: Delta Robots (For High-Speed Food Picking And Sorting) Or Scara Robots (Used For Assembly Or Precise Food Processing Tasks) Or Cartesian Robots (Used For Precise Motions In Food Handling And Preparation)
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Which Region Dominates the Kitchen Robotics And Automation Market?
North America was the largest region in the kitchen robotics and automation market in 2024. The regions covered in the kitchen robotics and automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Kitchen Robotics And Automation Global Market Report?
- Market Size Analysis: Analyze the Kitchen Robotics And Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Kitchen Robotics And Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Kitchen Robotics And Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Kitchen Robotics And Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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