02-Sep-2020 | Zion Market Research
As per the analysts at Zion Market Research, the global food robotics market is projected to attain around USD 3.60 billion by 2026, expanding at about 12.6% CAGR from 2020 to 2026. The prominent players functional in the global food robotics market include Rockwell Automation, Staubli International AG, Epson Robotics, Yaskawa Motoman, Bastian Solutions, Mayekawa Manufacturing Company, Fanuc Corporation, Kuka AG, Flexicell Inc., Universal Robotics A/S, Kawasaki Heavy Industries Ltd., ABB Group, and Mitsubishi Electric Corporation, among others.
Rising Stipulation For Packaged Food Products Anticipated To Drive The Market Growth
The rising requirement to enhance productivity, the growing appeal for packaged food products, and intensifying food safety regulations & rules are a few of the factors anticipated to fuel the demand for food robotics in the years to come. The advantages of the new technologies consist of higher efficiency in food production & processing, quality products, reliable, and rising manufacturing efficiency are the other major factors expected to propel market growth. Nevertheless, the dearth of the experienced workforce in developing economies, service charges, and cost of fixing & fitting of robotic systems are anticipated to hold back the growth of the global food robotics market to some extent. Nonetheless, the rising development of low-cost robots is anticipated to offer opportunities for the players within the food robotics market in the coming years.
The Global Market Is Projected To Be Captured By Articulated Robots Segment, Based On Type
The articulated robot segment of the global food robotics market is expected to register the biggest market share. Articulated robots have the capability to enhance the productivity of the operation via better accuracy and speed, thus enhancing the products’ quality. Further, with the rising longevity and recognition of the articulated robots, there’s a drop in the cost of these robots, thus making them more reasonably priced. The articulated robots can be more acquiescent and can span from slow to high-speed robots as a result of their manifold axis design in comparison to other robots.
Europe Likely To Continue Its Dominance Over The Global Market During The Forecast Period
Regionally, in 2018, the global food robotics market was governed by Europe, trailed by Asia Pacific and North America. The regional market growth in Europe can be credited to several factors such as the mounting demand for automation, the rising labor cost, strict food safety rules, technological innovations, the entrance of new players, and the rising development of low-priced robots. Nevertheless, several nations within Asia Pacific are projected to display noteworthy expansion during the forecast period as a result of the rising spending in the automation industry, the increasing need to enhance productivity, mounting demand for packaged foods, and rising food safety rules.
Browse the full “Global Food Robotics Market -By Payload (Medium, High, And Low), By Type (Cartesian, Articulated, Parallel, SCARA, Collaborative, Cylindrical, And Others), By End-Use Industry (Poultry, Meat, & Seafood, Beverage, Dairy, Bakery, Fruits & Vegetables, Confectionery, And Other End-Use Industries), By Application (Packaging, Processing, Palletizing, Pick & Place, Repackaging, And Others), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/food-robotics-market
The global food robotics market is segmented as follows:
By end-use industry
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