Food Automation Market Outlooks 2019: Size, Shares, Growth rate, Price and Industry Analysis to 2026
Market Size – USD 9089.0 Million in 2018, Market Growth – CAGR of 7.1%, Market 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.
The latest research on the Food Automation market takes stakeholders, field marketing executives and business owners one step ahead by providing a comprehensive summary of their immediate competitors for the forecast period from 2019 to 2026. Most importantly, the study empowers product owners to recognize the primary market that they are expected to serve. To ensure that companies and individuals operating in the Food Automation market have access to adequate for the upcoming years. The market intelligence report gives a concise view of various consumer groups functional in the industry and their need to help product owners cater to those requirements and generate profit. Apart from this, the report aims at outlining the consumers whom business owners operating in the Food Automation market should and should not target, along with the main alternatives and competitive product offerings. Defining major challenges and roadblocks remains the key focus of the study. Problem definition covered in the report provides a systematic approach to recent investments and makes product marketing both simpler and more efficient.
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Key participants include 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.
For the purpose of this study, Reports and Data have segmented the Food Automation market on the basis of type, function type, application, and region:
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 in USD Million; 2016–2026)
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
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The report charts the future of the Food Automation market for the forecast years from 2019 to 2026. The perfect balance of information on various topics, coupled with the sudden rise in the levels of disposable income, end-use, distribution channels, and other factors add great value to this literature. A combination of charts, graphics images, and tables offers more clarity on the overall study. Researchers behind the report also explore the customers’ interest in purchasing products and services from immediate industry rivals.
There are chapters to cover the vital aspects of the Global Food Automation Market.
Chapter 1 covers the Food Automation Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2 talks about the top manufacturers and analyzes their sales, revenue and financial strategies for the years 2018 and 2019;
Chapter 3 scrutinizes the competitive nature of the market by discussing the competition among the top manufacturers. It classifies the market by referring to sales, revenue, and market share data for 2016 and 2017;
Chapter 4, shows the global market by geographical regions and the contribution of each region to the global landscape based on sales, revenue and market share of Food Automation, for the period 2019-2026;
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