Food Robotics Market Growth, Market Insights and Forecast to 2025Posted by rekha on September 11th, 2019 Precision Business Insights (PBI) in its report titled “Global Food Robotics Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global food robotics market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR over the forecast timeframe owing to the food safety regulation guidelines, increase in investments in R&D activities, increase in demand for the speed packaging of food, rise in demand for instant foods, rise in production of robots at lower price range and rise in R&D activities for the development of food robotics market. However, high cost for the labour, lack of skilled personnel, and high installation charges are anticipated to hinder the revenue share of global food robotics market. Global food robotics market segmented on the basis of robot type, end user, application, payload, and region For request sample: https://www.precisionbusinessinsights.com/request-sample?product_id=37242 Packaging Segment Dominates the Global Food Robotics Market Based on the application, global food robotics market segmented into Palletizing, Packaging, Repackaging, Pick & Place, Processing and Others. Among them packaging segment dominated the global food robotics market in 2018 and estimated to dominate over the forecast period owing to the high demand for the instant foods, increased automation in the packaging industry due to the increased cost of labor, and increase in the research for the development of low cost, high efficient robots. However, a faster growth rate can be observed for palletizing segment in the forecast years. Asia Pacific Leads the Global Food Robotics Market
PBI’s global food robotics market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia Pacific accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to increased demand for the instant foods, increased research for the development of cheaper and efficient food robots, presence of major market players, urbanization, and increase in disposable income of the people. North America food robotics market projected to exhibit significant growth due to owing to increase in demand for the fast packaging in various industries like meat, poultry, food and beverages and so on and increase in the demand for ready to eat foods.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global food robotics market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In January 2019, Rockwell Automation the world's largest company dedicated to industrial automation has acquired Emulate3D, a leading software developer for simulating and emulating industrial automation systems. This acquisition is expected to increase the market share of the Rockwell Automation. Key player’s profiles in the report are
Detailed Segmentation
Type of Robots o Articulated o Parallel o SCARA o Cylindrical o Other By Payload o Low o Medium o High Based on Application o Palletizing o Packaging o Repackaging o Pick & Place o Processing o Others. By End User o Beverages o Meat, poultry, and seafood o Dairy o Bakery o Fruits & vegetables o Confectionery o Others Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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