Global Cooking Robots Market Outlook 2028
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Product Code:
RP-ID-10346746 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
553 -
Category:
Semiconductor & Electronics -
Publisher:
Pub-ID-9
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Global Cooking Robot Market Analysis 2019-2028
Cooking robots deal with the deployment of robots for cooking applications. Being built with food grade materials, these robots are equipped with advanced technologies, such as machine learning, that runs on the algorithm of pattern-based learning fed externally. The global cooking robot market is anticipated to achieve a CAGR of 16.09% during the forecast period, i.e. 2020-2028. Factors such as the growing concerns for food safety & hygiene, growing trends for automation across end user industries including the food and beverage industry, increasing technological innovations for food robotics, rising use of machine vision and artificial intelligence technologies, increasing demand for robotics-as-a-service, and the rising demand for collaborative robots are anticipated to promote towards the growth of the global cooking robot market. Additionally, factors such as the rising demand for professional service robots across end user verticals and the growing innovations in food robotics are anticipated to drive the growth of the global cooking robot market.
The global cooking robot market consists of various segments that are segmented by robot type, application, end user and by region. The market is further segmented by commercial end user robot type into cartesian, SCARA, 6-Axis, cylindrical, delta and others. Out of these, the SCARA segment registered the largest market share of around 30% in the year 2019 and is further expected to reach a value of around USD 1,12,000 thousand by the end of 2028 by registering a CAGR of around 17% during the forecast period. Selective Compliance Assembly Robot Arm (SCARA) is widely used for assembling components in the food industry. The SCARA robot provides high productivity, and also these robots weigh lesser which makes it easy to move and assemble the required components easily. The addition of improved features in the SCARA robot, such as low vibrations while working, accurate positioning of the components, equipped with no replacement battery type absolute encoders, and others have further added to the increasing demand for the deployment of SCARA robots.
Based on region, the global cooking robot market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The market in Europe registered a significant market share and registered a value of around USD 24000 thousand in the year 2019. Further, the market in the region is also anticipated to grow by a CAGR of around 15% during the forecast period. The increasing research and development in Europe have efficiently increased the adoption & development rate of cooking robots in restaurants, cafes, dining areas, and other food serving places.
Some of the affluent industry leaders in the global cooking robot market are Café X, Miso Robotics, Mechanical Chef, Moley Robotics, Picnic, Admatic Solutions (RoboChef), The Wilkinson Baking Company, Chowbotics, Karakuri Ltd., Creator, and Briggo Inc.
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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Café X, Miso Robotics, Mechanical Chef, Moley Robotics, Picnic, Admatic Solutions (RoboChef), The Wilkinson Baking Company, Chowbotics, Karakuri Ltd., Creator, and Briggo Inc.