PORTLAND, Oregon., March 21, 2022 /PRNewswire/ — According to the report published by Allied Market Research, the food robotics market was attached to $2.04 billion in 2020, and should reach $5.78 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
The increase in robotic applications in the automotive, electrical and electronics, metallurgy, chemicals and plastics, and food sectors and the increase in food safety regulations have driven the global food robotics market. However, the lack of expertise is hampering the growth of the market. On the contrary, the boom in technological advancements and the increase in demand for packaged foods would open up new opportunities in the future.
- The Covid-19 pandemic has affected the way food and beverages are consumed, due to restaurant closures and reduced workforces.
- Restrictions on import-export, transportation and social distancing norms have hampered demand for food robotics.
- However, as the world slowly recovers from the pandemic, the market should get back on track.
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The report segments the global food robotics market on the basis of type, payload, application, and region.
By type, the articulated segment held the largest share in 2020, accounting for more than two-fifths of the market. However, the SCARA segment is expected to show the highest CAGR of 11.9% from 2022 to 2031.
Based on application, the palletizing segment led the market in terms of revenue in 2020, contributing around two-fifths of the market. However, the processing segment is expected to register the highest CAGR of 12.2% during the forecast period.
Global Food Robotics Market is analyzed across several regions such as North America, Europe, Asia Pacific, and LAMEA. The market through Asia Pacific held the largest share in 2020, accounting for almost half of the market. However, the LAMEA market is expected to register the highest CAGR of 11.8% during the forecast period.
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The global food robotics market includes an in-depth analysis of major market players such as Mitsubishi Electric Corporation, Rockwell Automation Incorporated, ABB Group, Kuka AG, Kawasaki Heavy Industries Ltd., Yaskawa Electric Corporation, Fanuc Corporation, Staubli International AG, SeikoEpson Corporation and Universal Robotics A/S.
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