Food Robotics Market Overview:
Global Food Robotics Market was valued at $1,535 million in 2016 and is expected to reach $3,612 million by 2023, registering a CAGR of 13.0% during the forecast period. Robots have taken over many industries by completing the tasks more economically and efficiently. The use of robotics in the food & beverage industry has increased at a significant rate in the recent years, particularly in the processing and packaging systems. Robots offer advantages such as increased productivity, better hygiene, better process control, high speed, flexibility, and others.
Increase in demand for speedy production in the food industry majorly drives the market. The rise in demand for ready-to-eat food products and other processed food products also fuels the food robotics market. The adoption rate of automation is sluggish in the food industry. However, with the adoption of intelligent systems and cost-efficient technology, it is more feasible to automate many complex and repetitive tasks in the food industry. This is projected to boost the food robotics market during the forecast period. The major restraint in the market is the lack of availability of skilled labors to operate these robots.
The report segments the global food robotics market based on type, payload, application, and geography. Based on type, the market is divided into articulated, cartesian, scara, parallel, cylindrical, collaborative, and others. On the basis of payload, it is classified into low, medium, and high. The application areas of the industry are broadly classified into palletizing, packaging, repackaging, pick & place, processing, and others. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the market till 2023.
Top Investment Pockets
In 2016, the palletizing segment contributed major share and accounted for two-third share in the global food robotics market. The processing segment accounted for less than 10% share in the global market. This segment is anticipated to expand at the highest CAGR in terms of value during the forecast period.
The processing and palletizing segments are the top investment pockets in the global food robotics market. This is mainly attributed to growth in demand for automation in meat processing industry due to difficulties in staff availability, yield control, and fluctuating legislations. In addition, dependence on manual labor is considered as a conventional concept, increased preference is given to robotized manufacturing in food & beverage industry.
Asia-Pacific Food Robotics Market
Asia-Pacific marks the presence of more than half of the food robotics companies in the world. The region is expected to witness increase in demand for food robotics as the new food safety and hygiene legislations are expected to come into force in this region. Asia-Pacific accounted for almost three-fifths share in the global food robotics market. This is attributed to increase in adoption of robots in food industry in countries such as China, Korea, and India. China accounted for approximately 20% share in the global market in 2016. The market is anticipated to augment due to rise in demand for automation in food & beverage sector in this region. Moreover, the surge in demand for ready-to-eat food products is also anticipated to augment the demand for food robotics.
Asia-Pacific Articulated Food Robotics Market, 2016-2023 ($Million)
The prominent players in the global food robotics market strategically focus on product launch as their key strategy to gain significant share in the market. The key players profiled in the report are Mitsubishi Electric Corporation, ABB Group, Rockwell Automation Incorporated, Kawasaki Heavy Industries Ltd., Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Seiko Epson Corporation, Staubli International AG, and Universal Robotics A/S.
Other players not profiled in the report include Mayekawa MFG. Co., Ltd, Bastian Solutions Inc., Moley Robotics, Momentum Machines, CHOWBOTICS, JLS Automation, Aris BV, and Soft Robotics, Inc.
Key Benefits for Stakeholders
- This report provides an extensive analysis of the current trends and emerging estimations in the global food robotics market.
- In-depth analysis of the industry is conducted through market estimations of key segments from 2017 to 2023.
- Competitive intelligence of leading manufacturers and distributors of food robotics helps understand the competitive scenario across geographies.
- Comprehensive analysis of factors that drive and restrain the growth of the global food robotics market is provided in the report.
- Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The key players are profiled along with their strategies to determine the competitive outlook of the market.
Food Robotics Market Key Segmentation:
- Pick & Place
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest of LAMEA