Global Food Robotics Market is projected to grow at a high CAGR from 2017 to 2024
As the global market is growing and developing, so are its ancillary markets, the food robotics markets is one of them. The factors influencing the food robotics market are increasing demand for packaged goods, increasing safety regulations and need for automated systems to meet the ever increasing requirement of food and beverages. With stringent food safety regulation on the rise, more and more producers are opting for robots in the manufacturing process. With automated processes and robotics, manufactures are profiting on production cost reduction, better quality of products and improved health and safety measures in the workplace. The major restraint is unskilled labour who are not able to operate the robots and machines. Production of robots are relatively inexpensive and help manufactures make long term profits. There are several types such as articulated, cartesian, scara, parallel, cylindrical and collaborative The articulated type robots hold the largest market share, they range from simple two-joint to complex ten-joint robots; the more joints it has, the more flexible and capable it is. They are followed by cylindrical type of robots. The collaborative segment is also rapidly growing as it requires human collaboration to function.
The report is designed to provide a complete view on the global Food Robotics market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2024). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Food Robotics market has been studied considering a short term forecast of the factors/ variables which have an impact on Food Robotics market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.
Research Methodology: Global Food Robotics Market
The global Food Robotics market has been studied from the year 2016 till 2024. However, the CAGR provided in the report is from the year 2017 to 2024. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Food Robotics market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Food Robotics, and customer analytics.
High demand for ready to eat/packaged products, rampant expansion of the food and beverages industry, rise in urbanisation and increase in disposable income of individuals especially in the developing countries are the major factors influencing the growth for food robotics market.
End-User Landscape (Consumer Profile): Food Robotics Market
Companies such as the Kawasaki Heavy Industries Ltd., Rockwell Automation Incorporated, Mitsubishi Electric Corporation, and ABB Group among others are investing extensively in the manufacturing and sale of Food Robotics, which presents a huge opportunity to Food Robotics suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.
Global Food Robotics Market Segmentation
The industry is also segmented on the basis of payload as low, medium and heavy. The medium payload holds most of the market share. The robots in the medium payload category are multipurpose robots which can be used for processing and palletizing and have the capacity of 10 to 100kgs. The low payload category has been projecting steady growth due to the increasing need for usage of robot arms for picking and packaging applications.
The food robotics market by application can be divided into as palletizing, pick & place, packaging, re-packaging, and processing. The palletizing segment holds the largest market share; it has the process of loading and unloading heavy boxes and materials. Industrial robots perform these actions with more ease and flexibility as opposed to human labourers and increase efficiency of the overall process. The Asia-Pacific region is expected to have the largest market for the food robotics industry due to its growing manpower, population and necessity for food, which have a direct correlation. There is also a great demand for ready to eat products and fast food in this region due to increasing disposable income of citizens which is a great scope for food robotics market.
Kawasaki Heavy Industries Ltd., Rockwell Automation Incorporated, Mitsubishi Electric Corporation, ABB Group, Seiko Epson Corporation, Staubli International AG and Fanuc Corporation among others account for the major share in Food Robotics market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Yaskawa Electric Corporation, Kuka AG, Bastian Solutions Inc, Universal Robotics A/S, and Mayekawa Mfg. Co., Ltd.
Please note: This is not an exhaustive list of companies profiled in the report.
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