Global Food Robotics Market Worth USD 2,159.3 Million By 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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Global Food Robotics
Market, by Geography, 2017-2022
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.
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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.
About Meticulous Research®
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as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company
under the Companies Act, 1956. Since its incorporation, the company has become
the leading provider of premium market intelligence in North America, Europe,
Asia-Pacific, Latin America, and Middle East & Africa.
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