The kitchen robotics and automation global market report 2024from 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.
Market Size –
The kitchen robotics and automation market size has grown rapidly in recent years. It will grow from $2.38 billion in 2023 to $2.63 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increasing consumer demand, technological advancements, rising labor costs, changing consumer lifestyles, regulatory support, improving affordability, and strategic partnerships.
The kitchen robotics and automation market size is expected to see rapid growth in the next few years. It will grow to $3.92 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to customization and personalization, environmental concerns, health and wellness trends, urbanization and space constraints, enhanced user experience, and global pandemic impact. Major trends in the forecast period include AI-powered cooking assistance, modular and upgradable systems, robotics in food delivery, augmented reality (AR) integration, voice and gesture control, blockchain for food traceability, and collaborative robotics (cobots).
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Scope Of Kitchen Robotics And Automation Market
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Kitchen Robotics And Automation Market Overview
Market Drivers –
The rise in kitchen remodeling activities is projected to boost the kitchen robotics and automation market. Kitchen remodeling involves upgrading appliances, cabinets, countertops, and more to enhance functionality. This trend is driven by homeowners seeking modern, functional spaces and inspired by home improvement media. Kitchen robotics and automation improve efficiency and reduce labor costs, making kitchens more user-friendly and innovative. In March 2023, Houzz reported that kitchen remodels were the most popular home improvement projects, with 28% of homeowners upgrading these spaces in 2022, up from 27% in 2021. Additionally, around 36% of recent homebuyers undertook kitchen renovations, with median expenses for large and small remodels rising from $12,000 in 2020 to $15,000 in 2021. Therefore, increasing kitchen remodeling activities are driving growth in the kitchen robotics and automation market, with continued expansion expected through 2024 and into 2028.
Market Trends –
Major companies operating in the kitchen robotics and automation market are focusing on developing advanced solutions, such as robotic kitchen solutions, to enhance operational efficiency, reduce labor costs, maintain consistent food quality, and improve workplace safety in the food service industry. Robotic kitchen solutions automate various culinary tasks, streamline food preparation, ensure consistent cooking quality, and enhance operational efficiency in kitchens. For instance, in October 2023, KFoodtech Inc., a South Korea-based food technology company, launched BotBob, an advanced robotic kitchen solution designed to address critical challenges in the restaurant industry, such as labor shortages, rising operational costs, and maintaining consistent food quality. BotBob offers a comprehensive solution encompassing food preparation, serving, delivery, and payment processing, all while enhancing workplace safety by isolating hazardous cooking processes. Capable of cooking up to six servings of traditional Korean stew in just three minutes and thirty seconds, BotBob aims to improve efficiency, reduce wait times, and create a safer, more comfortable environment for restaurant staff.
The kitchen robotics and automation market covered in this report is segmented –
1) By Product Type: Collaborative, Cylindrical, Articulated, Other Product Types
2) By Automation Level: Semiautomatic, Fully Automatic
3) By End-User: Commercial, Residential
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Regional Insights –
North America was the largest region in the kitchen robotics and automation market in 2023. The regions covered in the kitchen robotics and automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are ABB Ltd., Kawasaki Heavy Industries Ltd, Yaskawa Electric Corporation, KUKA Robotics Corporation, Stäubli International AG., Mitsubishi Electric Automation Inc., Yaskawa Motoman Robotics, Universal Robots A/S, Tovala Inc., Brava Home Inc., Picnic Works Inc, Teforia Inc., Applied Robotics Inc., Bartesian Inc., Instant Brands Inc., Karakuri Ltd., PicoBrew Inc., Drop Kitchen Inc., Chowbotics Ltd, Suvie Inc., Moley Robotics Ltd, Hestan Cue Inc.
Table of Contents
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List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Kitchen Robotics And Automation Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Kitchen Robotics And Automation Market, Segmentation By Automation Level, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Kitchen Robotics And Automation Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 74: ABB Ltd. Financial Performance
Table 75: Kawasaki Heavy Industries Ltd Financial Performance
Table 76: Yaskawa Electric Corporation Financial Performance
Table 77: KUKA Robotics Corporation Financial Performance
Table 78: Stäubli International AG. Financial Performance
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