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(I-TravelNewswire.Com, July 31, 2019 ) In a report published, Meticulous Research® has stated that the size of the global " Food Robotics Market will reach $3.1 billion by 2025 ".
The researchers believe that the growth will be driven by a variety of factors. These include: increasing food safety regulations, rising demand for advanced food packaging, growing demand to improve productivity, increasing production of low-cost robots, increase in investments for automated solutions in food industry, and growing demand for reducing production cost and increasing food shelf-life leading to increased adoption of robotic systems.
The report states that articulated robots accounts for the largest share of the market. Meticulous Research® speculated as to why there is a greater adoption of these types of robots: “Articulated robots have ability to improve the operations productivity through improved speed and accuracy, thereby improving the quality of the products. Also, with the increasing popularity and longevity of the articulated robots, the price of these robots is decreasing, thereby making them more affordable. The articulated robots can be more compliant and can range from slow to high speed robot due to their multiple axis design compared to other robots”.
Moreover, within the application segment, palletizing and depalletizing commanded the largest share due to increasing demand for processed food products, growing cost of production and time consumption led by the inclusion of human in the production process, and increasing investment by leading companies in the emerging economies.
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Scope of the Report:-
2. Research Methodology
3. Executive Summary
4. Market Insights
5. Food Robotics Market, by Type
6. Food Robotics Market, by Payload
7. Food Robotics Market, by Application
8. Food Robotics Market, by Industry Vertical
9. Food Robotics Market, by Geography
10. Competitive Landscape
11. Company Profiles
Based on payload, the medium payload held the largest share of the global food robotics market. This is mainly attributed to the various advantages provided my medium payload which includes the technical features such as unique control platform, and single point of contact ensuring optimum reliability.
On the basis of the industry vertical, the dairy and dairy products industry commanded the largest share due to increasing need to improve quality and productivity, growing number of dairy units, and government initiatives. In addition, adoption of robotics has increased the flexibility and efficiency in this sector, thereby reducing the cost of production.
On the basis of geography, Europe captured a significant share in 2018, while Asia Pacific is expected to register highest CAGR during the forecast period. The high growth of this geographic region in the forecast period will be due to increasing investments in the automation industry, growing demand to improve productivity, increasing food safety regulations, and rising demand for packaged foods.
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The key players operating in the global food robotics market are Staubli International AG, Rockwell Automation, Yaskawa Motoman, Epson Robotics, Mayekawa Manufacturing Company, Bastian Solutions, Kuka AG, Flexicell Inc., Fanuc Corporation, Kawasaki Heavy Industries Ltd., Universal Robotics A/S, Mitsubishi Electric Corporation, and ABB Group, among others.
Key Findings in the Food Robotics Market Study:-
1. Increasing Food Safety Regulations
2. Rising Demand for Advanced Food Packaging
3. Growing Demand to Improve Productivity
4. Increasing Production of Low-Cost Robots
5. Increase in Investments for Automation Solutions in Food Industry
6. Increasing Demand for Reducing Production Costs and Increasing Food Shelf Life
1. Lack of Skilled Workforce in Emerging Economies
1. High Cost of Installation and Service Charges of Robotic Systems
1. Growing Demand for Robotic Automation in Emerging Economies
2. Entry of New Players Led to the Emergence of Advanced Robotic Technologies
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