Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The global cooking robots market is estimated to exhibit a CAGR of over 15% during the forecast period. The market growth is attributed to the rising demand for professional robots and cobots in the HoReCa segment coupled with the growing innovations and initiatives. In addition, convenience is also driving the selling point of cooking robots. Further, there has been an increasing demand for professional service robots across the food service industry due to the benefits provided by them, such as sizeable continuous uptime of over 100,000 hours, cloud connectivity, and others. Moreover, the advancement and development in technology in the food industry are backing a substantial increase in robot installations over the previous years. The potential of robots to aid the cooking process across kitchens in the food & beverage industry is supplementing the potential of robotics market. Additionally, increasing food safety regulations across the industry is anticipated to drive the global cooking robot market over the coming years.
Market Segmentation
The global cooking robots market has been analyzed on the basis of robot type, application, end-user, and region. Based on the robot type, the market is segmented into cartesian, SCARA, 6-axis, cylindrical, and others. SCARA robot is projected to hold a prominent share in the market. Based on application, the market is segmented into burgers & sandwich, coffee & cocktails, pizza, deserts, and others.
Further, on the basis of end-user, the market covers the analysis of residential and commercial. Commercial segment further includes quick service restaurants (QSR), fine dining restaurants, cafes, and others. Among these, commercial segment is estimated to hold a significant share in the market. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market Structure and Competition Landscape
The growth of the global cooking robots market is characterized by the presence of players operating in the market. Some of the prominent players that contribute significantly to the market growth include Miso Robotics, Inc., Mechanical Chef, Moley Services UK Ltd., Picnic Works, Inc., Café X Technologies Limited, Wilkinson Baking Company, Chowbotics Inc., Karakuri Ltd., Creator, Nymble Labs Private Ltd., Vesta Cooking Robot Co., Limited, Euphotic Labs (Let's Nosh), Tahi Technologies Inc. (Else Labs), Kingclean Electric Co., Ltd., and Briggo Inc., among others. These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market,
• In January 2021, a robotic restaurant, named Spyce, created by MIT graduates opened its second location in Harvard Square, United States.
• In May 2020, Miso Robotics announced its partnership with Pathspot. This was aimed to advance healthier commercial cooking environments, improving safety standards in kitchens to address the needs of the restaurant industry. The partnership allowed Miso Robotics to offer PathSpot's hand scanning device for optional integration into the design of Flippy, Miso Robotics' autonomous kitchen assistant.
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