Market Overview

The Global Food Robotics Market will account for $6161.16 Million by 2028

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“Global Food Robotics Market”
As stated in Triton's research report, the global food robotics market, which generated $1724.19 million in 2019, is set to exhibit a CAGR of 15.20% by the year 2028.

A recent study by Triton Market Research titled ‘Global Food Robotics Market,’ covers the Global Analysis and Forecasts by Type (Cartesian, Articulated, Parallel, SCARA, Collaborative, Cylindrical, Others), by Payload (Low, Medium, High), by Application (Packaging, Palletizing, Pick & Place, Repackaging, Processing, Others) and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).

Breakthroughs in various technological domains have expanded the scope of application of robotics on a large scale. Currently, there is an increased trend of deployment of robotics in the food industry. The application of robotics in the food industry has helped transform the procedures in food processing, handling, serving, and palletizing & packaging, among others.

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The report estimates the global food robotics market to exhibit a CAGR of 15.20% in the forecasting period 2019-2028, generating a revenue of $6161.16 million by 2028.

The growing demand for packaged food and the strict rules & regulations pertaining to food safety are the major driving forces behind the growth of the food robotics market. However, the lack of skilled personnel is impeding this growth. The field of automation and robotics is evolving and it requires a skilled workforce to handle complex operations. The lack of a skilled personnel curtails the efficient management of automation and robotics in the food industry.

The market for food robotics is trifurcated into type, payload, and application. Based on type, it is segmented into Cartesian, articulated, parallel, SCARA, collaborative, cylindrical, and others. And, based on payload, it is divided into low, medium, and high. Further, on the basis of by application, it is classified into packaging, palletizing, pick & place, repackaging, processing, and others.

The Asia-Pacific region is expected to account for the highest share in the global market over the forecasted years, thereby becoming the largest market in the world. The Asia-Pacific is considered to be the global manufacturing hub of the world, owing to the abundance of cheap labor and technological advancements taking place in four of its key economies, namely, China, India, South Korea, and Japan.

The developing nations in the region have garnered lucrative foreign investments and the governments in these countries have also formulated policies to boost the domestic markets. All the factors are expected to have a strong impact on the regional economy. This will also influence the growth of the manufacturing sector, by attracting investments for process automation. This, in turn, will boost the productivity and efficiency of large enterprises as well as small- & medium- businesses in APAC. Therefore, there is a growing demand for industrial robots in the food industry in the Asia-Pacific, and this is accelerating the growth of its food robotics market.

Robert Bosch GmbH, Kuka AG, Mayekawa Mfg Co Ltd, Precise Automation Inc, Kawasaki Heavy Industries Ltd, ABB Ltd (ABB Robotics), Seiko Epson Corporation, Stäubli International AG, Universal Robots, Bastian Solutions Inc, Yaskawa Electric Corporation, Rockwell Automation Inc, Flexicell, Mitsubishi Electric Corporation, and Fanuc Corporation are the prominent players in the food robotics market.

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Question & Answer: Food Robotics Market

Question 1: What are the major driving forces behind the growth of the food robotics market?

Answer: The growing demand for packaged food and the strict rules & regulations pertaining to food safety are the major driving forces behind the growth of the food robotics market.

Question 2: What factor is impeding the food robotics market growth?

Answer: The lack of skilled personnel is impeding this growth. The field of automation and robotics is evolving and it requires a skilled workforce to handle complex operations. The lack of a skilled personnel curtails the efficient management of automation and robotics in the food industry.

Question 3: Which region is expected to dominate the food robotics market?

Answer: The Asia-Pacific region is expected to account for the highest share in the global market over the forecasted years, thereby becoming the largest market in the world. The Asia-Pacific is considered to be the global manufacturing hub of the world, owing to the abundance of cheap labor and technological advancements taking place in four of its key economies, namely, China, India, South Korea, and Japan.

The developing nations in the region have garnered lucrative foreign investments and the governments in these countries have also formulated policies to boost the domestic markets. All the factors are expected to have a strong impact on the regional economy. This will also influence the growth of the manufacturing sector, by attracting investments for process automation. This, in turn, will boost the productivity and efficiency of large enterprises as well as small- & medium- businesses in APAC. Therefore, there is a growing demand for industrial robots in the food industry in the Asia-Pacific, and this is accelerating the growth of its food robotics market.

Question 4: Which are the prominent players in the food robotics market?

Answer: Robert Bosch GmbH, Kuka AG, Mayekawa Mfg Co Ltd, Precise Automation Inc, Kawasaki Heavy Industries Ltd, ABB Ltd (ABB Robotics), Seiko Epson Corporation, Stäubli International AG, Universal Robots, Bastian Solutions Inc, Yaskawa Electric Corporation, Rockwell Automation Inc, Flexicell, Mitsubishi Electric Corporation, and Fanuc Corporation are the prominent players in the food robotics market.

 

Related Report:

Global SCARA Robots Market

The global SCARA robots market is set to show a growth in revenue over the years 2019-2028, generating an amount of $18.58 billion by 2028, with a CAGR of 9.51%.

Although it was the automotive industry that first adopted robots to efficiently carry out their operations, now practically every industry has adopted these systems. Catering to the growing demand, both governments, as well as private organizations, are making heavy investments in robotics research. According to the International Federation of Robotics (IFR), investments in industrial robotics, in the NAFTA region, have shown an annual increase of 40%, each year since 2010, and are expected to rise even further. Thus, the heavy investments and R&D in the field of robotics are driving the growth of the SCARA robots market.

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