The Food Robotics Market size is estimated to grow from USD XX Billion in 2020 to USD 4.6 Billion by 2027, growing at a CAGR of 15.2% during the forecast year from 2021 to 2027.
Latest added Food Robotics Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2027. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are ABB Group, KUKA AG, Fanuc Corporation, Kawasaki Heavy Industries Ltd., Rockwell Automation Inc., Mitsubishi Electric Corporation, Yasakawa Electric Corporation, Denso Corporation, Nachi-Fujikoshi Corporation, OMRON Corporation, and Universal Robots A/S. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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This report studies the Food Robotics Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Food Robotics Market by companies, region, type and end-use industry.
Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Food Robotics Market, By Type (Articulated, Cartesian, Scara, Parallel), Payload (High, Medium, Low), Function (Palletizing, Packaging, Repackaging, Picking, Processing), Application & Geography – Global Forecast To 2027”. Early buyers will get 10% customization on study.
To Avail deep insights of Food Robotics Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
Unlock new opportunities in Food Robotics Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.
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Technological advancements in numerous domains have expanded the application possibility of robotics to an astonishing extent. Robotics and their application in the food industry is a prominent technology which has the ability to transform the procedures in food processing and handling, food serving, and palletizing & packing. Currently the market is seeing the massively developed trend of robotics deployment in the food industry. Initially, robotics in the food industry focused on end-of-line work than the robots surpassed at it, however there was a demand for quicker and more active machines that are able to work with an advanced feature in the production line and deliver rapid pick and place processes on food products.
Increasing need to expand productivity, rising food safety rules and regulation, and increasing demand for packaged food products are the trends which are projected to drive the demand for food robotics during the forecast period. Furthermore, benefits conferred by the new technologies comprises advanced efficiency in food processing and production, reliable, quality products, and growing manufacturing efficiency which are the key drivers that are estimated to expand the overall food robotics market in the near future.
However, lack of skilled staff in developing economies, cost of fitting & fixing, and service charges of robotic systems are expected to restrain the food robotics market during the forecast period. Furthermore, increasing production of low-cost robots and functionality of robotics are projected to provide an opportunity to boost the food robotics market during the forecast period.
The global food robotics market has been segmented by type, payload, application, end-use industry, and region. In terms of type, the market has been divided into SCARA, articulated, parallel, Cartesian, collaborative, cylindrical, and others. SCARA segment is projected to develop at a significant growth rate in the near future. Based on payload, the food robotics market can be segmented into low, medium, and high. According to application segment, the market is bifurcated into palletizing, packaging, repackaging, pick & place, processing, and other application. The palletizing and packaging segment is anticipated to be the fastest growing segment during the forecast period due to the rising use of packaging robotics. The use of robotic solutions for packaging allows an improvement of reliability in packaging solutions and diminishing wastage. The end-use industry segment is further segregated into beverage, poultry, meat, and seafood, bakery, dairy, confectionery, fruits & vegetables, and other end-use industries.
In terms of region, the market is distributed into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. Furthermore, this region is mainly attributed to increasing investment for automation or robotics in the dairy industry, rising demand for automation in ready foodstuffs and meat processing which improved competitiveness in the region. As result of this, Asia Pacific is the fastest growing region during the forecast period as compared to other regions.
Major companies operating in the global food robotics market includes MAYEKAWA MFG. CO., LTD., ABB Group, Bastian Solutions, Inc., Mitsubishi Electric Corporation, Rockwell Automation, Inc., Seiko Epson Corporation, KUKA Automation company, Yaskawa Electric Corporation, Stäubli International AG, FANUC CORPORATION, Kawasaki Heavy Industries, Ltd., and Universal Robots A/S. Players in the automation and robotics market are expected to witness rising demand for robotics solutions during the forecast years, due to the growing technological advancements. Players operating in the food robotics market are introducing new technologies with varied product portfolios and also developing supply chain networks in order to sell their products in the market. As result of this, the market is anticipated to witness an upsurge in the trend of growing production of low-cost robots and demand for bringing down production cost. This in turn is expected to drive the adoption rate of food robotics.
This study by MarketDigits is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at MarketDigits adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by MarketDigits are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at MarketDigits helps you break down the complex scenario and bring resiliency in uncertain times.
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