The report covers a forecast and an analysis of the food automation market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2027 based on revenue (USD Million). The study includes drivers and restraints of the food automation market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the food automation market on a global level.
In order to give the users of this report a comprehensive view of the food automation market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.
The study provides a decisive view of the food automation market by segmenting it based on offering, food industry type, application, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2027. The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The food industry is among the largest industries across the world and is growing rapidly. Operations in the food industry generally revolve around food processing, food packaging, and foodservice equipment. It is a labor-intensive industry and using automation in food production, packaging, and equipment handling leads to a reduction in labor-related expenses and inconsistencies considerably. This is expected to be the major growth driver of the food automation market in the years ahead.
By offering, the market is bifurcated into solutions and services. Based on the food industry type, the market is sectored into bakery and confectionery, dairy, grains and oils, beverages, dairy alternatives, meat substitutes, meat and poultry, and pet food. The application segment includes bio packaging, sorting, packaging, picking, palletizing, processing, and others. In terms of end-user, the market is classified into logistics providers, food manufacturers, and others.
Key players operating in the food automation market are Mitsubishi Electric, Emerson Electric, Kollmorgen, McEnery Automation, GEA Group, Rockwell Automation, Rexnord Corporation, Fortive, Premier Automation, Olympus Automation, Schneider Electric, FANUC CORPORATION, FMI, Matrix Technologies, Benchmark, Siemens, and ABB, among others.
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Industry Major Market Players