Global Food Robotics Market | Growth, Opportunity, Size, Share - PowerPoint PPT Presentation

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Global Food Robotics Market | Growth, Opportunity, Size, Share

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Global food robotics market is anticipated to rise with a CAGR of 15.20% and is expected to rise to a revenue of about $6161.16 million by the year 2028. Read More. – PowerPoint PPT presentation

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Title: Global Food Robotics Market | Growth, Opportunity, Size, Share


1
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, Porters Five Forces Analysis,
Market Attractiveness Index, Vendor Scorecard,
Value Chain Analysis, Drivers, Restraints,
Opportunities, Challenges, Competitive
Landscape, research methodology Scope, Global
Market Size, Forecasts Analysis (2020-2028).
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-marketrequest- free-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
2
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 FB 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 yield. 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 RD 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. Contact Us
sales_at_tritonmarketresearch.com Phone 44 7441
911839
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