Global $2.50 Billion Food Robotics Market by Type, Application, Payload & Region - Forecast to 2022 - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Food Robotics Market by Type, Application (Palletizing, Packaging, Repackaging, Pick & Place, Processing), Payload (Low, Medium, Heavy) & Region - Forecast to 2022" report to their offering.

The global food robotics market is estimated at USD 1.37 billion in 2017 and is projected to reach USD 2.50 billion by 2022, at a CAGR of 12.80% during the forecast period.

The primary factors that drive the market are increasing food safety regulations, higher demand for packaged foods, and the increasing need to improve productivity. One of the major restraining factors includes scarcity of skilled workforce in emerging economies. The rising production of low-cost robots and increasing functionality of robots maximize the growth of the food robotics market.

The collaborative robot segment by type is projected to have the highest CAGR during the forecast period. A collaborative robot is a robot designed to assist human beings in a specific task. In one approach to the collaborative robot design, it allows humans to perform certain operations successfully and to steer them on the correct path if they deviate or exceed the scope of the task. The collaborative robot design is to expand the functioning of robots beyond providing repetitive motion and to include learning and thinking abilities.

The low payload segment is projected to have the highest CAGR during the forecast period. The popular low payload series of robots include Staubli TP & TS 4-axis series and TX & TX2 6-axis series by Staubli International AG (Switzerland); KUKA KR Cybertech by KUKA AG (Germany); and Evermore CNC. By Evermore Machine Co. Ltd. (Taiwan). This market segment is growing at a rapid pace due to the increased usage of robot arms for applications such as picking & packaging.

The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period.

Market Dynamics

Drivers

  • Increasing Food Safety Regulations
  • Higher Demand for Packaged Food
  • Increasing Need to Improve Productivity

Restraints

  • Scarcity of Skilled Workforce in Emerging Economies

Opportunities

  • Rising Production of Low-Cost Robots
  • Increasing Functionality of Robots

Challenges

  • High Cost of Installation of Robotic Systems

Companies Mentioned

  • ABB Group
  • Bastian Solutions Inc.
  • Fanuc Corporation
  • Kawasaki Heavy Industries Ltd.
  • Kuka AG
  • Mayekawa MFG. Co., Ltd
  • Mitsubishi Electric Corporation
  • Rockwell Automation Incorporated
  • Seiko Epson Corporation
  • Staubli International AG
  • Universal Robotics A/S
  • Yaskawa Electric Corporation

For more information about this report visit http://www.researchandmarkets.com/research/qqdmbc/food_robotics

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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Related Topics: Robotics

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Robotics