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Food Robotics - Global Market Trajectory & Analytics

  • ID: 4804875
  • Report
  • April 2021
  • Region: Global
  • 235 pages
  • Global Industry Analysts, Inc
Global Food Robotics Market to Reach $4.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Food Robotics estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$4.3 Billion by 2027, growing at a CAGR of 12.1% over the analysis period 2020-2027. Low (Below 10 Kg), one of the segments analyzed in the report, is projected to record a 13.3% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Medium (10 Kg-100 Kg) segment is readjusted to a revised 11.6% CAGR for the next 7-year period.



The U.S. Market is Estimated at $574.3 Million, While China is Forecast to Grow at 11.6% CAGR

The Food Robotics market in the U.S. is estimated at US$574.3 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$755.1 Million by the year 2027 trailing a CAGR of 11.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 10.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

Heavy (Above 100 Kg) Segment to Record 10.2% CAGR

In the global Heavy (Above 100 Kg) segment, USA, Canada, Japan, China and Europe will drive the 10.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$175.4 Million in the year 2020 will reach a projected size of US$343.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$510.1 Million by the year 2027.

Select Competitors (Total 43 Featured):
  • ABB Group
  • Bastian Solutions, Inc.
  • FANUC Corporation
  • Kawasaki Heavy Industries Ltd.
  • KUKA AG
  • Mayekawa Mfg. Co., Ltd.
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Seiko Epson Corporation
  • Staubli International AG
  • Universal Robots A/S
  • Yaskawa Electric Corporation
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Food Robotics Market: Overview
  • Food Robotics in Food & Beverage Industry - Promising Future Ahead
  • Robotic Packaging Technology Making Positive Impact in Food & Beverage Industry
  • Advanced Robotic Technology Fueling Growth in Restaurant Industry
  • Increasing Adoption of Automated Meat Processing and Packaging in the Food Industry
  • Transformation of Agriculture Industry by Agri-Food Robotics
  • Warehouse Robotic to Drive Growth in the Food Applications Market
  • Food Robot Usage in Fast Food and Voice-Activated System Restaurants Gains Momentum
  • Outlook of Robotics in Food Industry
  • Impact of Covid-19 and a Looming Global Recession
  • Future Impact on Employment by Food Robots
III. MARKET ANALYSIS
  • Active Players in United States
  • Active Players in Canada
  • Active Players in Japan
  • Active Players in China
  • Active Players in France
  • Active Players in Germany
  • Active Players in Italy
  • Active Players in United Kingdom
  • Active Players in Rest of Europe
  • Active Players in Asia-Pacific
  • Active Players in Rest of World
IV. COMPETITION
  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown
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