Food Robotics PR .pdf
Original filename: Food Robotics PR.pdf
This PDF 1.7 document has been generated by Microsoft® Word for Microsoft 365, and has been sent on pdf-archive.com on 16/07/2020 at 13:24, from IP address 103.134.x.x.
The current document download page has been viewed 17 times.
File size: 179 KB (2 pages).
Privacy: public file
Download original PDF file
Growing Demand for Automation is helping
the Global Food Robotics Market to Reach
15.20% CAGR by 2028
Triton Market Research presents the Global Food Robotics Market report segmented by Payload (Low,
Medium, High), by Type (Articulated, Cartesian, SCARA, Parallel, Cylindrical, Collaborative, Others), by
Application (Palletizing, Packaging, Repackaging, Pick & Place, Processing, Others), by Geographical Region
(North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), discussing Market Summary,
Industry Outlook, Market Definition, Key Insights, Parent Market Analysis, Porter’s Five Forces Analysis,
Market Attractiveness Index, Vendor Scorecard, Value Chain Analysis, Drivers, Restraints, Opportunities,
Challenges, Competitive Landscape, research methodology & Scope, Global Market Size, Forecasts &
Triton Market Research has forecasted the Global Food Robotics Market to evolve at a CAGR of 15.20%
during the estimated period (2020-2028).
Request a Free Sample: https://www.tritonmarketresearch.com/reports/food-robotics-market#requestfree-sample
The growing automation and the increasing demand for productivity are creating numerous opportunities
for the growth of this market. The adoption of robotic systems ensures increased productivity, and hence
they are increasingly being used to carry out tasks on food packaging lines. Moreover, the usage of robots
eliminates the need for manpower, and thereby ensures operational excellence and improved speed &
accuracy, and also saves costs. However, the high initial investments required to penetrate this industry
and the threat of job loss faced by human workers create hurdles in market growth.
The Asia-Pacific market for food robotics is expected to grow the fastest in the world, over the coming
years. The market for food robotics market is projected to grow substantially in the APAC region, which
can be attributed to the change in consumers’ food consumption patterns and the growing investments
by key F&B manufacturers in the region. The manufacturers of food & beverages focus on providing
superior quality products, while, at the same time, keeping the production costs as low as possible. The
adoption of automation and robotics has thus proven extremely beneficial for them. Incorporating
advanced automated technologies has helped them achieve greater operational efficiency and enhanced
Kuka AG, Universal Robots, Flexicell, Robert Bosch GmbH, Stäubli International AG, Bastian Solutions Inc,
Mayekawa Mfg Co Ltd, ABB Ltd (ABB Robotics), Yaskawa Electric Corporation, Mitsubishi Electric
Corporation, Fanuc Corporation, Rockwell Automation Inc, Precise Automation Inc, Seiko Epson
Corporation, and Kawasaki Heavy Industries Ltd are some of the notable names in the food robotics
industry. There are numerous barriers for new players wanting to penetrate this market, such as high
capital investments, high switching costs, and a lack of unified industry norms. Also, these companies have
to compete with the bigger players in the market, who have large distribution networks and R&D
operations. These factors act as major challenges to new entrants. Despite these factors, numerous small
companies have made a mark for themselves in the market by foraying into niche segments and focusing
on specific target applications. Thus, their influence is growing steadily.
Phone: +44 7441 911839