The industrial robots for the food & beverage industry market are projected to grow at a CAGR of 16.71% to reach US$3,025.464 million by 2024, from US$1,197.004 million in 2018. Robotics will definitely play an important role in the evolution of the next-generation technologies, hence the use of robots in food and beverage industries will emanate the market growth in the forecast period and beyond.
Growing automation is further driving the growth of global industrial robots in the food & beverage industries. There is also a high use of robotics technology in the food and beverage industries in comparison to other industries like automotive and electronics. Thus, giving rise to the increase in the sale of industrial robots in the coming years. The Industrial Robots for Food & Beverage Industry Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key markets, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, component, platform, and geography.
The industrial robots for the food & beverage industry market have been segmented based on product type, application, and geography. Based on product type, the market has been segmented based on articulated robots, cartesian robots, SCARA robots, and others. By application, the market is segmented as palletizing, packaging and repacking, picking and placing, and production and processing.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa (MEA), and the Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the industrial robots for the food & beverage industry market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the industrial robots for the food & beverage industry market.
The industrial robots for the food & beverage industry market have been analyzed through the following segments: