Global Food Robotics Market Size was valued nearly USD 1.20 billion by 2017 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 12.97% during the forecast period that is 2017-2025. The market growth majorly driven by the demand of packaged food, industry need for automation, government support, increasing food safety regulations, high income level, changing lifestyle and labor costs are projected to boost the food robotics industry. The rapidly industrialization of food sectors, growing technological advancement, need of automation of industry and new research and development in food sectors are boosting the demand for robotics systems in the food industry.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global food robotics market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global food robotics market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
This study report segments the market for food robotics on the basis of Type, technology, provider, application and region along with forecast of revenue and analyzing trends in each of the submarkets.
Type of Robot Insights: the market divided into type of robot types into Articulated, Parallel, SCARA, Cylindrical and Other. In 2016, the articulated segment led the market and is projected to be the fastest growing economy in the food robotics market owing to benefits such as increased payload capacity, work envelope, reliability, and speed, articulated robots are used in many different applications; including welding, painting, assembly, packaging, palletizing, depalletizing, machine tending, sealing, gluing, cutting, cleaning, deburring, die casting, grinding, polishing, material handling, case packing, pick & place, pre-machining, and press brake tending. Other segments will play significant role in the global demand in coming years.
By Application Insights: In terms of end-user market, the global food robotics market into Palletizing, Packaging, Repackaging, Pick & Place, Processing and other. The palletizing segment dominated the global market in 2017 in term of revenue and is estimated to hold the largest industry share over the forecast period. Robotic palletizers help in reducing the operating cost and labor expansion, it also growing work time and production, alongside reducing the ergonomic issues. These factors have been driving the demand for robotic palletizers in the food & beverage sectors.
The global food robotics market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The Asia-Pacific market is estimated to be highest growing regional market for food automation sectors during the forecast timespan due to increasing demand from food packaging industry, ready-to-eat food sectors, changing lifestyle, and rapidly development food industries are the major factors will driving the global market during the forecast period. The emerging countries such as Japan, China, Republic of Korea, Indonesia, Taiwan, India, and Rest of Asia- Pacific is estimated boosting the global market because of high demand, high growth rate, increasing production and high population will affect the regional demand of food automation. The high demand of food automation which, have led to the growth of packaged food consumption in this region.
Global Food Robotics Market Size, Share Analysis, By Region 2017
The North America region accounted for the highest share of the global market in 2017 and it is projected to show its continue dominance over the industry during the forecast timespan due to high technological advancement, increasing automation in food packaging industry, the food safety regulations and the increasing labor costs in the region. Europe is projected to be fastest growing economy in the global market in terms of demand. The increasing labor costs are the major concern to food packaging sectors which is driving the market towards the adoption of automated systems in the European market. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.
Global Food Robotics Market Study Objective
1. To forecast the market size of food robotics market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of food robotics market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have major impact on the growth of food robotics market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of food robotics market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the food robotics market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
The major key market participants in the global food robotics market include ABB Group, Kawasaki Heavy Industries Ltd., Fanuc Corporation, Yaskawa Electric Corporation, Mitsubishi Electric Industries, Rockwell Automation Incorporated, and others.
Global Food Robotics Market Study Report Offer You!
The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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