Reports And Data has published a report on the Global Food Automation Market. It includes a database of all market essentials, with key facts and figures represented in the form of tables, pie charts, graphs, etc., giving the reader a better understanding of the market. Currently, the Food Automation market is witnessing industry-wide development. The research study presents a detailed analysis of the industry and projects the future market growth by examining the current growth factors, opinions of industry experts, and other industry-related information derived from reliable sources. The report offers estimates for Global Food Automation Market Forecast till 2026.
Food Automation Market Size – USD 9089.0 Million in 2018, CAGR of 7.1%, Food Automation Industry Trends – Technological advancements and the stringent food safety regulations.
According to the current analysis of Reports and Data, the global Food Automation market valued at USD 9.08 Billion in 2018 and is expected to reach USD 15.78 Billion by the year 2026, at a CAGR of 7.1%. Automation has now become a necessity in the food and beverage (F&B) industry to maintain quality, to enhance production speed, to cooperate with the labor shortage. Rising demand for food automation due to rapid industrialization and urbanization is driving growth for the market. Moreover, the expansion of the food and packaging industry is expected to support industrial growth. Stringent government regulations regarding food safety are boosting demand for automation to maintain the quality of the product and efficiency of the food manufacturing process.
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Most exhaustive List of Top key vendors in Food Automation Market are:
Rockwell Automation, Siemens AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric and Nord DriveSystems. ABB Ltd. is a Swiss-Swedish multinational corporation headquartered in Zurich, Switzerland. The robots manufactured by the company are designed and built to suit all aspects of processes within food and beverage sector. The robots are complemented by end of arm tooling, software products, and function packages and are suitable for applications such as bakery, meat, fish, fruit and vegetables, oils, and beverages.
Scope of the Report:
The all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the Food Automation market. All factors that help business owners identify the next leg for growth are presented through self-explanatory resources such as charts, tables, and graphic images.
Growing global food & beverage industry, development of technologically advanced automated devices and stringent government regulations for food safety are the prominent factors contributing to the high CAGR of the market during the forecast period.
Reports and Data has segmented the Food Automation market:
Type (Revenue, USD Million; 2016–2026)
- Motor Controls
- Discrete controllers & visualization
- rotary & linear products
Function Type (Revenue, USD Million; 2016–2026)
- Packaging & Repackaging
- Sorting & Grading
- Picking & Placing
Application (Revenue, USD Million; 2016–2026)
- Fruit & vegetable
- Meat, poultry, and seafood
End Use (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue, USD Million, 2016 – 2026)
- North America
- Rest of the Europe
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East & Africa
- North America
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Further key findings from the report suggest:
- The market is expanding at a CAGR of 8% in Asia Pacific due to expansion of food and manufacturing industry in the region.
- The packaging and repackaging segment is expected to register the highest CAGR of 7.7% during 2019-2026. The packaging industry requires precise automation and material handling to meet global demand reliably. Automation in packaging would ensure improved reliability, faster installation and improved energy efficiency.
- Based on application, beverages are expected to dominate the sector. The beverage production process is a complex process and requires constant advancements. Integration of computerized solution in beverage production processes is expected to support the growth of segment,
- The increasing importance of motors in motion control applications involving high torque applications and high-pressure wash-down with precise motion control has significantly enhanced their overall functionality. The efficient and smooth functioning of the systems is encouraged by using generators in the F&B industry. It is also supported by the rising awareness about the efficient energy management advantages of generators.
- The scarcity of skilled resources to operate and maintain the machines and huge investment in research and development pose a barrier for this market. Additionally, the high cost of capital is likely to hinder growth during the forecast period
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The research provides answers to the following key questions:
- What will be the market size and growth rate of the Food Automation market for the forecast period 2019 -2026 across different regions?
- What are the key driving forces expected to shape the future of the industry worldwide?
- What strategies are the prominent vendors adapting to stay ahead of their competitors?
- Which major trends are impacting the development of the Food Automation market worldwide?
- Which factors can hinder, challenge or even restrict the expansion of the Food Automation market worldwide?
- What are the opportunities or future prospect for the business owners operating in the market for the forecast period, 2019 – 2026?
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