Global robot kitchen market to surge to $3.35 billion by 2024, driven by consumer demand for automation and convenience

Global robot kitchen market

DUBLIN, April 22, 2024 (Globe Newswire) — The “Robot Kitchen Global Market Report 2024” report has been added. ResearchAndMarkets.com Recruitment.

Recent data shows that the robotic kitchen market is undergoing a significant turnaround, with the market expected to reach an estimated $3.35 billion by 2024, reflecting a compound annual growth rate (CAGR) of 22.7%. It is predicted that. Factors driving this growth include increased automation, increased labor costs, and consumer trends toward convenience. The emphasis on improving food safety and hygiene standards, along with continuous innovation and intense market competition, further supports market expansion.

The robotic kitchen market consists of revenues earned by companies through the provision of automated cooking solutions, including services such as installation and integration of automated kitchen components and sales of robotic cooking equipment. Market value includes the manufacturer's “factory gate” value, that is, the value of goods sold directly by the producer of the good to the end customer or through intermediaries in the supply chain. Over the next few years, we will see significant changes within this market, reflecting the fusion of technology, convenience, and culinary art.

Future market forecast

The robotic kitchen market will continue to grow and is expected to reach an estimated value of $5.94 billion by 2028 at a CAGR of 15.4%. Advances in artificial intelligence, smart home integration, cloud connectivity, enhanced human-machine interfaces, and increased focus on sustainability and green solutions will shape the future market trajectory. Trends towards cutting-edge technologies, blockchain applications for food safety, and expanded connectivity are projected to play a pivotal role in the evolution of the market.

Smart home driving market growth

Smart homes equipped with internet-enabled home appliances that can be managed remotely are expected to be the driving force behind the growth of the robotic kitchen market. The growing propensity of consumers, especially the younger generation, to invest in smart home technology has created a fertile market for the expansion of automated kitchen solutions.

innovative industry player

Leading companies in the industry are leveraging robotics and artificial intelligence to differentiate themselves in competitive markets. These advances facilitate efficient kitchen operations, from food preparation to meal cleanup, in a variety of environments, including AI-powered restaurants. The application of advanced robots in the culinary sector confirms that the sector is keen to embrace labor-saving technology and innovation.

Strategic acquisitions and collaborations

Prominent food technology companies are making strategic acquisitions to integrate advanced robotics into their products, with the aim of refining their services and addressing a broader customer base. These developments aim to increase the efficiency of food preparation, reduce food waste and expand the range of culinary options available to consumers.

The evolving robotic kitchen market represents ambitious progress toward integrating cutting-edge technology with everyday cooking experiences, driven by consumer demand for efficiency, quality, and variety in food service. As the landscape continues to evolve, we can expect to see the introduction of more sophisticated and diverse solutions to meet the myriad needs of today's increasingly connected society.

This report highlights the transformative impact of technological innovations on the Robotic Kitchen market and its ubiquitous impact across different regions and market segments. This encapsulates the dynamic interplay between consumer expectations and the features offered by robotic kitchen solutions, highlighting the market's continued growth and innovation potential.

Key attributes:

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Companies mentioned in this report include, but are not limited to:

• Samsung Electronics Co., Ltd.

• Sony Group Corporation

• LG Corporation

• Panasonic Holdings Co., Ltd.

• ABB Group (ABB Robotics)

• NVIDIA Corporation

• Yaskawa Electric Co., Ltd.

• KUKA AG

• armstrong robotics

• hero x

• sweet green

• pal robotics

• Bear Robotics Co., Ltd.

• boston dynamics

• QSR automation

• simple invention

• tableware robot

• Niryo Robotics SAS

• Savioke

• remy robotics

• soft robotics

• Wilkinson Baking Company (BreadBot)

• nimble lab

• Dexai Robotics

• morley robotics

• miso robotics

• crossbotics

For more information on this report, please visit https://www.researchandmarkets.com/r/66iupw.

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