PUBLISHER: The Business Research Company | PRODUCT CODE: 1578738
PUBLISHER: The Business Research Company | PRODUCT CODE: 1578738
Kitchen robotics and automation involve using advanced technology and robotic systems to handle cooking, food preparation, and other kitchen tasks. These systems may include robotic arms, automated appliances, and AI-driven software, all aimed at improving efficiency, precision, and consistency in the kitchen.
The primary types of kitchen robotics and automation products are collaborative, cylindrical, articulated, and other types. Collaborative robots are designed to work alongside humans in shared workspaces, assisting with tasks such as food preparation and serving. Automation levels can be semiautomatic or fully automatic, and the end-users include both commercial and residential settings.
The kitchen robotics and automation market research report is one of a series of new reports from The Business Research Company that provides kitchen robotics and automation market statistics, including kitchen robotics and automation industry global market size, regional shares, competitors with a kitchen robotics and automation market share, detailed kitchen robotics and automation market segments, market trends and opportunities, and any further data you may need to thrive in the kitchen robotics and automation industry. This kitchen robotics and automation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 during the historic period can be attributed to increasing consumer demand, technological advancements, rising labor costs, evolving 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 during the forecast period can be attributed to factors such as customization and personalization, environmental concerns, health and wellness trends, urbanization and space constraints, enhanced user experience, and the impact of the global pandemic. Key trends in this period include AI-powered cooking assistance, modular and upgradable systems, robotics for food delivery, integration of augmented reality (AR), voice and gesture control, blockchain for food traceability, and collaborative robotics (cobots).
The growth of the kitchen robotics and automation market is expected to be driven by the increase in kitchen remodeling activities. Kitchen remodeling involves renovating and upgrading kitchen spaces, including updating appliances, cabinets, countertops, and other features to enhance functionality. The rise in kitchen remodeling is fueled by homeowners looking for modern and functional spaces, as well as the influence of popular home improvement shows that inspire renovations. Kitchen robotics and automation contribute to remodeling by improving efficiency, reducing labor costs, and offering advanced functionality, making modern kitchens more user-friendly and innovative. For example, in March 2023, Houzz, a US-based home remodeling and design platform, reported that kitchen remodels were the most popular home improvement projects in 2022, with 28% of homeowners undertaking these projects, up from 27% in 2021. Additionally, around 36% of recent homebuyers completed kitchen renovations, and the median expense for both large and small kitchen remodels increased from $12,000 in 2020 to $15,000 in 2021. Thus, the rising trend in kitchen remodeling is fueling growth in the kitchen robotics and automation market.
Key players in the kitchen robotics and automation market are focusing on developing advanced solutions such as robotic kitchen systems to boost operational efficiency, cut labor costs, maintain consistent food quality, and improve workplace safety in the food service industry. These robotic systems automate various cooking tasks, streamline food preparation, and ensure consistent cooking results. For instance, in October 2023, KFoodtech Inc., a South Korea-based food technology company, introduced BotBob, a sophisticated robotic kitchen solution aimed at addressing challenges in the restaurant industry such as labor shortages, high operational costs, and quality control. BotBob provides a comprehensive solution for food preparation, serving, delivery, and payment processing, while enhancing safety by isolating hazardous cooking processes. Capable of preparing up to six servings of traditional Korean stew in just three minutes and thirty seconds, BotBob is designed to improve efficiency, reduce wait times, and create a safer working environment for restaurant staff.
In August 2023, Circus SE, a Germany-based food technology company, acquired Aitme GmbH for an undisclosed amount. This acquisition allows Circus to integrate advanced kitchen robotics technology into its micro-kitchen hubs. Aitme GmbH, a Germany-based company, specializes in kitchen robots and smart home automation.
Major companies operating in the kitchen robotics and automation market are ABB Ltd., Kawasaki Heavy Industries Ltd, Yaskawa Electric Corporation, KUKA Robotics Corporation, Staubli 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.
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.
The countries covered in the kitchen robotics and automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The kitchen robotics and automation market consists of revenues earned by entities providing services such as automated meal preparation, precision cooking, ingredient handling, food plating, and kitchen management. The market value includes the value of related goods sold by the service provider or included within the service offering. The kitchen robotics and automation market also includes sales of products such as robotic kitchen appliances, automated cooking systems, food preparation robots, robotic arms for culinary tasks, AI-powered kitchen assistants, and smart kitchen devices. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Kitchen Robotics And Automation Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on kitchen robotics and automation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for kitchen robotics and automation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The kitchen robotics and automation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.