Market Research Report
Global Food Robotics Market - Technologies, Market share and Industry Forecast to 2024
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||720554|
|Published||Content info||240 Pages
Delivery time: Inquiry
|Global Food Robotics Market - Technologies, Market share and Industry Forecast to 2024|
|Published: October 12, 2018||Content info: 240 Pages||
Food robotics deals with the use of robots in the food and beverage sector for different processes such as food processing, food handling, etc. The global food robotics market is expected to rise with the CAGR of about 12.50% during the forecast period 2017-2024. Increasing demand for packaged food is one of the major factors that contribute towards the growth of global food robotics market during the forecast period. However, lack of skilled workforce in emerging economies is one of the major factors restraining the growth of global food robotics market during the forecast period.
Geographically, the global food robotics market report has been segmented in regions such as North America, Asia Pacific, Europe and Rest of the World. Asia Pacific is expected to dominate the market during the forecast period due to high demand for packaged food products increasing adoption of automation technologies across the region to enhance the food production capabilities, etc. Also, Asia Pacific is expected to be the fastest growing region in the global food robotics market during the forecast period due to new food safety and hygiene legislations, increasing demand for automation from food and beverages sector of the region, etc.
The growth in the global food robotics market is also influenced by the presence of major players such as ABB Group (Switzerland), Kawasaki Heavy Industries Ltd. (Japan), Kuka AG (Germany), Mitsubishi Electric Corporation (Japan), Universal Robotics A/S (Denmark), etc. In order to gain competitive advantage, the major players of global food robotics market are adopting various strategies such as mergers & acquisitions, product launch, strategic partnership, collaboration, joint ventures, etc. during the forecast period.
The report scope and market revenue estimates and forecast of global food robotics market is widely categorized on the basis of its segments such as type, payload, applications and end user industries. Type of food robotics is divided as articulated, Cartesian, SCARA, parallel, cylindrical, collaborative and others. Payload segment of global food robotics market is divided as medium, low and heavy. Further, the applications of food robotics include palletizing, packaging, repackaging, pick & place, processing and other applications. End user industries segment of global food robotics market is divided as beverage, meat, poultry, and seafood, dairy, bakery, fruits & vegetables, confectionery and other end use industries. Articulated robot is expected to dominate the market during the forecast period due to factors such as wide variety of payload capacities of articulated robots, etc.