Monday, 25 November 2024

Robot Kitchen Market Outlook 2024-2033: Trends and Projections

 

The robot kitchen global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Robot Kitchen Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The robot kitchen market size has grown exponentially in recent years. It will grow from $2.73 billion in 2023 to $3.35 billion in 2024 at a compound annual growth rate (CAGR) of 22.7%. The growth in the historic period can be attributed to automation and efficiency, rising labor costs, consumer trends and convenience, innovation and competition, food safety and hygiene.

The robot kitchen market size is expected to see rapid growth in the next few years. It will grow to $5.94 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to advancements in artificial intelligence, integration with smart homes, rise of cloud-connected kitchens, enhanced human-machine interfaces, sustainability and eco-friendly features. Major trends in the forecast period include technological advancements, increased connectivity, blockchain technology for food safety, integration of artificial intelligence (AI), increased connectivity.

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Scope Of Robot Kitchen Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Robot Kitchen Market Overview

Market Drivers -
The increasing adoption of smart homes is expected to propel the growth of the robot kitchen market going forward. A smart home is a home setup where internet-enabled appliances and devices can be automatically controlled remotely using a networked device. Smart homes provide robot kitchens with an intelligent environment for automated cooking and activity monitoring. For instance, in June 2023, according to a survey of 1,000 adults conducted by Samsung Electronics Co. Ltd., a South Korea-based subsidiary of Samsung Electronics, 86% of homebuyers in the UK would consider a smart home when selecting their next property, and they would pay $22,860 (£18,000) more for it. Further, almost 40% of Gen Z buyers want their next property to be a smart home. Therefore, the increasing adoption of smart homes is driving the growth of the robot kitchen market.

Market Trends -
Major companies operating in the robot kitchen market are increasingly focusing on developing robot-run, AI-powered restaurants to gain a competitive edge in the market. A robot-run restaurant is an establishment where robots and automation technologies are used to perform various tasks in restaurant kitchens related to food preparation, cooking, serving, and even cleaning. For instance, in November 2023, Remy Robotics, a Spain-based food service artificial intelligence (AI) company, launched its new automated cooking robots with the concept of a robot restaurant called Better Days in New York City. The restaurant utilizes Remy Robotics' robotics platform to power its operations, offering a health-focused menu and limited physical dining space. The restaurant operates as a human-free storefront, with off-site human preparation and robot-coordinated on-site food assembly. The restaurant uses machines that use artificial intelligence to cook a diverse menu and offer high-quality, healthy food consistently and at an affordable price. The robotic kitchen operates without traditional ventilation systems or human supervision, reflecting the industry's push toward labor-saving technology.

The robot kitchen market covered in this report is segmented –

1) By Type: Hardware, Software
2) By Robot Type: 6-Axis, Cartesian, Delta, Selective Compliance Assembly Robot Arm (SCARA), Other Robot Types
3) By Application: House, Commercial, Other Applications

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Regional Insights -
North America was the largest region in the robot kitchen market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robot kitchen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -
Samsung Electronics Co. Ltd., Sony Group Corporation, LG Corporation, Panasonic Holdings Corporation, ABB Group (ABB Robotics), Nvidia Corporation, Yaskawa Electric Corporation, KUKA AG , Armstrong Robotics, HeroX, Sweetgreen, Pal Robotics, Bear Robotics Inc., Boston Dynamics, QSR Automations, Zimplistic Inventions, Dishcraft Robotics, Niryo Robotics SAS , Savioke, Remy Robotics, Soft Robotics, Wilkinson Baking Company (BreadBot), Nymble Labs, Dexai Robotics, Moley Robotics, Miso Robotics, Xrobotics

Table of Contents
1. Executive Summary
2. Robot Kitchen Market Report Structure
3. Robot Kitchen Market Trends And Strategies
4. Robot Kitchen Market – Macro Economic Scenario
5. Robot Kitchen Market Size And Growth
…..
27. Robot Kitchen Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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