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The robot kitchen market share is expected to increase by USD 160.44 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 19.48%.
This robot kitchen market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the robot kitchen market segmentation by application (commercial and residential) and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The robot kitchen market report also offers information on several market vendors, including Connected Robotics Inc., Dexai Robotics, Essilor Instruments USA, MELLOW INC., Miso Robotics, Moley Robotics, QSR Automations Inc., and Samsung Electronics Co. Ltd. among others.
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The increasing demand from end-users is notably driving the robot kitchen market growth, although factors such as lack of awareness among consumers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the robot kitchen market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Robot Kitchen Market Driver
The increasing demand from end-users is one of the key factors driving the global robot kitchen market growth. Nowadays, the global demand for robot kitchens in hotels and restaurants has been increasing significantly. A robot kitchen saves a lot of time and helps end-users serve their customers efficiently. The safety that robot kitchens provide is also driving their demand. For instance, according to statistics, more than 300,000 people are injured in kitchen-related accidents every year globally. By using robot kitchens, this number could decline. These kitchen robots can work effortlessly in conditions that are hazardous to workers. Robot kitchens eliminate the likelihood of injuries. Such factors are expected to drive the demand for robot kitchens in end-user industries such as hotels and restaurants. Thus, increasing demand from end-users is expected to be a major driver for the growth of the global robot kitchen market during the forecast period.
Key Robot Kitchen Market Trend
The increasing marketing initiatives will fuel the global robot kitchen market growth. Vendors in the global robot kitchen market are deploying integrated marketing communication strategies by leveraging communication channels such as newspapers, magazines, and social media to sell their products. Several vendors create TV advertisement campaigns followed by marketing campaigns that include Internet pre-roll, a wide-reaching social media and blogging program, and an interactive website. This creative strategy improves brand authenticity and recognition and generates consumer interest in the company's products. Social media is an intrinsic part of a marketing strategy, with visual content as a key driver for customer engagement and the development of online brand communities. Vendors also use social media channels such as Instagram to showcase ideas on using the company's products for education and play. They post a variety of creative content on their Instagram channel with the aim of inspiring parents and educating and entertaining youngsters. Hence, increasing marketing initiatives is a growing trend, which is expected to drive the growth of the global robot kitchen market during the forecast period.
Key Robot Kitchen Market Challenge
The lack of awareness among consumers is the major challenge to the global robot kitchen market growth. Though the use of robot kitchens in developed countries such as the US and the UK is high, the robot kitchen market in India, China, Vietnam, South Africa, and other developing and underdeveloped countries is still in the development stage. The major reason for this is the lack of awareness among end-users regarding robot kitchens. Hotels and restaurants in these countries still majorly rely on manpower for carrying out different activities in the kitchen. Such factors restrict the demand for robot kitchens in developing and underdeveloped countries. Thus, the lack of awareness among consumers regarding robot kitchens is expected to be a major challenge for the growth of the global robot kitchen market during the forecast period.
This robot kitchen market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global robot kitchen market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the robot kitchen market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the robot kitchen market encompasses successful business strategies deployed by the key vendors. The robot kitchen market is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The robot kitchen market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the robot kitchen market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global industrial machinery market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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42% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the robot kitchen market in North America. Market growth in this region will be slower than the growth of the market in other regions.
The increasing demand from end-users will facilitate the robot kitchen market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 severely affected economic growth in North America. To contain the spread of the disease, governments in the US, Canada, and Mexico, imposed stringent lockdowns. This led to the shutdown of operations in hotels, restaurants, fast-food outlets, and food processing industries which are the major end-users of robot kitchens. However, the lockdowns were removed in the second half of 2020, owing to the initiation of large-scale vaccination drives in North America. This led to the resumption of operations in hotels, restaurants, fast-food outlets, and food processing industries, which is expected to drive the demand for robot kitchens during the forecast period.
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The robot kitchen market share growth in the commercial segment will be significant during the forecast period. The most important benefit of robot kitchens is their ability to completely overhaul customer service. Robot kitchen standardizes procedures and speeds up kitchen operations, which ultimately helps end-users provide a better overall customer experience. Better customer service helps end-users retain more customers. Moreover, increasing urbanization globally and the increasing preference among people for eating out in hotels, restaurants, and fast-food stores are expected to drive the growth of the global robot kitchen market in the commercial segment during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the robot kitchen market size and actionable market insights on the post-COVID-19 impact on each segment.
Robot Kitchen Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.48% |
Market growth 2022-2026 |
$160.44 million |
Market structure |
Concentrated |
YoY growth (%) |
18.39 |
Regional analysis |
North America, Europe, APAC, the Middle East and Africa, and South America |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, Canada, Japan, UK, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Connected Robotics Inc., Dexai Robotics, Essilor Instruments USA, MELLOW INC., Miso Robotics, Moley Robotics, QSR Automations Inc., and Samsung Electronics Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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