Food Robotics Market Forecast (2017-2022)
The global food robotics market will grow at a CAGR of 12.5% from 2017 to 2022 to reach USD 2,159.3 million by 2022, according to this latest publication from Meticulous Research™. The food robotics market is driven by the increasing food safety regulations, rising demand for advanced food packaging, growing demand to improve productivity, increasing production of low-cost robots, increase in investments for automated solutions in the food industry, and rising demand for reducing production cost leading to increasing adoption of robotic systems. However, lack of skilled workforce in emerging economies restricts the growth of the market. Moreover, the high cost of installation and service charges of robotic systems further challenges the growth of this market.
The global food robotics market is mainly segmented by type (articulated, Cartesian, parallel, delta, cylindrical, collaborative, and portal), by payload (low, medium, and high payload), by application (slicing, packaging, repacking, palletizing and depalletizing, processing, quality inspection, pick and place, logistics, and others), by industry vertical (dairy and dairy products, bakery and confectionary, brewery and beverage, meat, fish and seafood products, prepared foods, frozen and chilled foods), and by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
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Europe holds the major share in the global food robotics market, followed by North America and Asia-Pacific. The large share of this region is primarily attributed to the increasing energy efficiency and reducing production cost with the use of robotics, relatively quick high return on investment which allows sustainable and more flexible production line, rising investment for automation in dairy industry, increasing demand for automation in prepared food and meat processing industry, and enhanced competitiveness in the region. However, Asia-Pacific region possesses profitable growth potential for the food robotics market during the forecast period. This is mainly attributed to the increasing demand to improve productivity, the emergence of advanced and new robotic technologies, increased production of the low-cost robot, growing food safety regulations, and increasing investments in automated systems.
The leading companies have employed various strategies to expand their product and application offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global food robotics market were new product developments, acquisitions, and expansions. The key players in the global food robotics market are Staubli International AG, Rockwell Automation, Inc., Yaskawa America, Inc., Epson America, Inc., Mayekawa Mfg. Co., Ltd., Bastian Solutions, Inc., Kuka AG, Flexicell, Inc., Fanuc Corporation, Kawasaki Heavy Industries Ltd., Universal Robotics A/S, Mitsubishi Electric Corporation, Rethink Robotics, Inc., YRG, Inc., Nachi Robotic Systems, Inc., ABB Group, Omron Adept Technologies, SCHUNK GmbH & Co. KG, DAIHEN Corporation, and Aurotek Corporation.
Key questions answered in the report-
Which are the high growth market segments in terms of robots type, payload, application, industry verticals, and regions/countries?
What is the historical market for food robotics across the globe?
What are the market forecasts and estimates from the period 2015-2022?
What are the major drivers, restraints, opportunities, and challenges in the global food robotics market?
Who are the major players in the global food robotics market and what share of the market do they hold?
Who are the major players in various countries and what share of the market do they hold?
What are the competitive landscapes and who are the market leaders by sub-region in the global food robotics market?
What are the recent developments in the global food robotics market?
What are the different strategies adopted by the major players in the global food robotics market?
What are the geographical trends and high growth regions/ countries?
Who are the local emerging players in the global food robotics market and how do they compete with the global players?