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Food Industry Robotics - Worldwide

Worldwide

Revenue in the Food Industry Robotics market is projected to reach US$0.44bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.00%, resulting in a market volume of US$0.51bn by 2029.
In global comparison, most revenue will be generated in the United States (US$46,460.00k in 2024).

Key regions: South Korea, Japan, United States, Italy, Germany

Market

Region

Region comparison

Currency

Methodology

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.