The kitchen robotics and automation market has witnessed rapid expansion in recent years, projected to grow from $2.38 billion in 2023 to $2.63 billion in 2024, at a CAGR of 10.4%. This historical growth has been fueled by increasing consumer demand, advancements in technology, rising labor costs, changing consumer lifestyles, supportive regulations, improved affordability, and strategic partnerships. Forecasts indicate that this market will continue to thrive, reaching $3.92 billion by 2028 with a CAGR of 10.5%. This projected growth is driven by trends such as customization and personalization in food preparation, growing environmental concerns, a focus on health and wellness, urbanization and space constraints, enhanced user experience, and the impact of the global pandemic. Key trends to watch include AI-powered cooking assistance, modular and upgradable systems, robotics in food delivery, integration of augmented reality (AR), voice and gesture control capabilities, blockchain for food traceability, and the rise of collaborative robotics (cobots).
Major Driver In The Kitchen Robotics And Automation Market
The surge in kitchen remodeling activities is projected to enhance the kitchen robotics and automation market. Kitchen remodeling encompasses upgrading appliances, cabinets, countertops, and more to improve functionality. This trend is driven by homeowners seeking modern and functional spaces, often inspired by home improvement media. Kitchen robotics and automation can significantly enhance 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 their kitchens in 2022, a rise from 27% in 2021. Additionally, around 36% of recent homebuyers undertook kitchen renovations, with median expenses for large and small remodels increasing from $12,000 in 2020 to $15,000 in 2021. Therefore, the increase in kitchen remodeling activities is driving growth in the kitchen robotics and automation market, projected to reach $1.5 billion in 2023, $1.9 billion in 2024, and an anticipated size of $3.0 billion by 2028.
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Kitchen Robotics And Automation Market Competitive Landscape
Major companies operating in the kitchen robotics and automation 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.
Key Kitchen Robotics And Automation Market Trend
Major companies in the kitchen robotics and automation market are focusing on developing advanced solutions, such as robotic kitchen systems, to boost operational efficiency, reduce labor costs, maintain consistent food quality, and improve workplace safety within the food service industry. Robotic kitchen systems automate various culinary tasks, streamline food preparation, ensure uniform cooking quality, and enhance overall efficiency in kitchens. For example, in October 2023, KFoodtech Inc., a South Korea-based food technology company, launched BotBob, an advanced robotic kitchen solution aimed at tackling key challenges in the restaurant sector, such as labor shortages, escalating operational costs, and consistent food quality maintenance. BotBob provides a comprehensive solution that includes food preparation, serving, delivery, and payment processing, all while enhancing workplace 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, more comfortable environment for restaurant staff.
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Global Kitchen Robotics And Automation Market Segmentation
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
By Geography:The regions 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.
North America was the largest region in the kitchen robotics and automation market in 2023.
The Kitchen Robotics And Automation Global Market Report 2024 furnishes information about the global kitchen robotics and automation market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
