Market Research Report
Food Robotics Market by Type, Application (Palletizing, Packaging, Repackaging, Pick & Place, Processing), Payload (Low, Medium, Heavy), End-Use Industry, and Region - Trends & Forecast to 2022
|Published by||MarketsandMarkets||Product code||494474|
|Published||Content info||146 Pages
Delivery time: 1-2 business days
|Food Robotics Market by Type, Application (Palletizing, Packaging, Repackaging, Pick & Place, Processing), Payload (Low, Medium, Heavy), End-Use Industry, and Region - Trends & Forecast to 2022|
|Published: April 25, 2017||Content info: 146 Pages||
The global food robotics market is estimated at USD 1.37 billion in 2017 and is projected to reach USD 2.50 billion by 2022, at a CAGR of 12.80% during the forecast period. The primary factors that drive the market are increasing food safety regulations, higher demand for packaged foods, and the increasing need to improve productivity. One of the major restraining factors includes scarcity of skilled workforce in emerging economies. The rising production of low-cost robots and increasing functionality of robots maximize the growth of the food robotics market.
The collaborative robot segment by type is projected to have the highest CAGR during the forecast period. A collaborative robot is a robot designed to assist human beings in a specific task. In one approach to the collaborative robot design, it allows humans to perform certain operations successfully and to steer them on the correct path if they deviate or exceed the scope of the task. The collaborative robot design is to expand the functioning of robots beyond providing repetitive motion and to include learning and thinking abilities.
The low payload segment is projected to have the highest CAGR during the forecast period. The popular low payload series of robots include Staubli TP & TS 4-axis series and TX & TX2 6-axis series by Staubli International AG (Switzerland); KUKA KR Cybertech by KUKA AG (Germany); and Evermore CNC. By Evermore Machine Co. Ltd. (Taiwan). This market segment is growing at a rapid pace due to the increased usage of robot arms for applications such as picking & packaging.
The Asia-Pacific market is projected to have the highest CAGR during the forecast period. The demand for food robotics is growing in the Asia-Pacific region as the consumer demand for ready-to-eat products has increased rapidly in the last decade. The major factors driving the Asia-Pacific food robotics market is urbanization and rise in disposable income of the consumers that has led to the growth of packaged food consumption.
Key players include the following:
The key companies in the food robotics market adopted strategies such as mergers & acquisitions, agreements & collaborations, new product launches & product approvals, and investments & expansions as their key growth strategies to increase their market share and profits. New product launches accounted for the highest number of developments followed by the merger and expansions.
The report provides the food robotics market across different segments. It aims at estimating the market size and future growth potential of this market across different types, payload, application, and region. The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and business strategies.
*Business Overview, Company Scorecard, Products Offered, Recent Developments, Business Strategies View might not be captured in case of unlisted companies.