Food Robotics Market Growth $3.35 Billion By 2025 | The Industry has Witnessed Increasing Investments in R&D Activities: Grand View Research, Inc.

June 08 08:52 2020
Food Robotics Market Growth $3.35 Billion By 2025 | The Industry has Witnessed Increasing Investments in R&D Activities: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a new report by Grand View Research, Inc the global food robotics market size was valued at USD 1,172.9 million in 2016 and is expected to grow at a CAGR of 13.1% over the forecast period. The growing emphasis on increasing operational efficiency in production and rising demand for packaged foods are anticipated to drive the growth of market.

The global food robotics market size is anticipated to reach USD 3.35 billion by 2025, expanding at a CAGR of 13.1%, according to a new report by Grand View Research, Inc. The growing demand for packaged food, need for automation, increasing food safety regulations, and high labor costs are expected to drive the market.

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North American Food Robotics Market

 

The industry has witnessed increasing investments in R&D activities, since the past few years, for the development of technologically-advanced robotics and automated systems. The increasing labor costs are driving the packaged food producers toward the adoption of automation systems. The application segments of the market include palletizing, packaging, repackaging, picking, and processing.  

The packaging segment is presumed to hold the highest growth rate over the forecast years. The market is witnessing increasing use of packaging automation solutions in food industries. The advantages bestowed by the technology include higher efficiency in food production and processing, increased production efficiency, and consistent quality of products.

Further key findings from the study suggest:

  • The SCARA segment is presumed to be the fastest-growing segment with a CAGR of 15.5% over the forecast period

  • Medium payload capacity robots are predicted to largely contribute to the market growth as they facilitate increase in performance and efficiency

  • Asia Pacific is expected to be the fastest-growing region, owing to the high demand for packaged food in economies such as Japan and China

  • The major players in the food robotics market are BB Group, Kawasaki Heavy Industries Ltd., Fanuc Corporation, and Yaskawa Electric Corporation

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North American Food Robotics Market

 

The key market participants IN the food robotics market are ABB Group,Kawasaki Heavy Industries Ltd., Fanuc Corporation, Yaskawa Electric Corporation, and others. The vendors in the robotics and automation market are likely to witness increased demand for robotics solutions over the forecast years, owing to the increasing technological advancements.

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Grand View Research has segmented the global food robotics market based on types of robots, payload, applications, and regions:

Food Robotics Types of Robots outlook (Revenue, USD Million; 2014 – 2025)

  • Articulated

  • Parallel

  • SCARA

  • Cylindrical

  • Other

Food Robotics Payload outlook (Revenue, USD Million; 2014 – 2025)

  • Low

  • Medium

  • Heavy

Food Robotics Application outlook (Revenue, USD Million; 2014 – 2025)

  • Packaging

  • Repackaging

  • Palletizing

  • Picking

  • Processing

  • Other

Food Robotics Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • Italy

  • Asia Pacific

    • Japan

    • China

    • Republic of Korea

  • Rest of the World

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About Grand View Research

 

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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