According to a new market research report published by Inkwood
Research, the Global Food Robotics Market is estimated to evolve at a CAGR of 15.01%
during the forecasting years of 2019-2028.
“Browse 49 market Data Tables and 49 Figures spread over 152
Pages, along with an in-depth TOC on the Global Food Robotics Market Forecast
2019-2028.”
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The global food & beverage market is witnessing a swift
growth, resulting in increased demands for enhanced and rapid productivity.
This prompted a rise in demand for robots with low cost and high output rates.
Moreover, several government regulations with regard to maintaining cleanliness
in the food industry boost the demand for the use of robots. For example, with
the enactment of FSMA in 2011, there has been an increase in preventing
contamination in the food industry. Food robotics is gradually emerging as a
critical segment within the robotics market. It provides various benefits to
their buyers in terms of performance and efficiency.
Surging
Demand for Packaged Food Drives the Global Market
Packaged food includes ready-to-eat meals and snacks, bakery
and dairy products, canned and frozen processed products, and health food
products. The surge in demand for processed and packaged foods has led many
companies to diversify their production, which may lead to substantial growth in
the installation of processing and packaging technology. However, the food
packaging industry is benefited by an increase in disposable income, the rising
trend of nuclear families, and modern retail trends. This has surged the demand
for packaged food globally, thereby offering lucrative market opportunities.
Articulated–
The Dominating Type Segment
Articulated robots are robots with rotating joints, which
range from two-jointed structures to systems with ten or more interacting
joints. They are powered by electric motors. They have the ability to enhance
productivity through improved speed and accuracy, in turn, upgrading the
quality of the products. Moreover, with the increasing popularity and longevity
of the articulated robots, the price of these robots is declining, making them
more economical. They are more adaptable compared with other robots, and can
range from slow to high speed robot because of their multiple axis designs. Stationery
articulated robots are primarily used in industries to perform different
functions such as welding, dispensing, and material handling. These versatile
robots are also utilized for packaging, pick-place, and assembling-dissembling
in warehouses. They are popular for their longevity.
Asia
Pacific to Register the Highest CAGR by 2028
The Asia Pacific region is known as the manufacturing hub of
the world, owing to an abundance of cheap labor and technological developments
across its four major economies of India, Japan, China, and South Korea. The
developing economies in the region are observing attractive global investments,
and the respective governments of these countries have also proposed policies
to magnify the domestic industry.
With regard to the market rivalry, various new entrants are
trying to dominate the market share in the food robotics industry. Market
proliferation remains moderate, though it is expected to grow speedily over the
forecast period, with increased adoption in the industrial and commercial sectors.
Brand identity is expected to play a crucial role in the market, as buyers are
known to favor popular brands. The leading companies of the market include, Universal
Robots A/S, ABB Ltd (ABB ROBOTICS), Bosch Limited, Mitsubishi Electric
Corporation, Stäubli International AG, among others.
About Inkwood Research
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research reports and consulting services. Market intelligence studies with
relevant fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises of North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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