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Food Robotics Market Share

Report ID: GMI6929
Published Date: Oct 2023
Report Format: PDF

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Food Robotics Market Share

The food robotics industry is highly competitive owing to the presence of key players such as:

ABB Group
KUKA AG
Fanuc Corporation
Kawasaki Heavy Industries Ltd.
Rockwell Automation Inc.
Mitsubishi Electric Corporation
Yasakawa Electric Corporation

Significant investments in R&D to augment technological strength and aggressive business strategies including product launches, mergers & acquisitions to capture market share are positively impacting market growth.

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for food robotics was USD 3.2 billion in 2022 and is estimated to witness over 12% CAGR between 2023 and 2032 due to the higher consumer demand for safe, high-quality, and convenient food products.

The robots component segment held over 70% revenue share of the food robotics market in 2022 and is anticipated to expand up to 2032 due to stringent food safety and quality regulations.

North America garnered over 32% share of the global food robotics market in 2022, characterized by innovations and the high demand for automation in the region.

Some of the prominent food robotic firms are ABB Group, KUKA AG, Fanuc Corporation, Kawasaki Heavy Industries Ltd., Rockwell Automation Inc., Mitsubishi Electric Corporation, and Yasakawa Electric Corporation.