FOOD AND BEVERAGE ROBOTIC SYSTEM INTEGRATION MARKET FOR PICK AND PLACE APPLICATION ANALYSIS

Regional Analysis

North America held a dominant position in the food and beverage robotic system integration market for pick and place application market in 2016.

On the basis of geography, the food and beverage robotic system integration market for pick and place application market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The Europe region held a dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. The market in the region is estimated to generate revenue of US$ 4.82 million in 2017, and is expected to reach US$ 11.12 million by 2025, exhibiting a CAGR of 11.02% over the forecast period. Increasing industrial robots in European region plays a major role for the growth of the pick and place integrator market. Germany is one of the key countries generating revenue in the market in the region and holds the fifth position in the global robotic market. According to International Federation of Robotics, 20,105 units of industrial robots were sold in 2015. Similarly, Italy, France, Spain, the U.K. are some of the key countries, which recorded industrial robotic sales of 6,700 units, 3,045 units, 3,800 units, and 1,645 units, respectively. Increasing sales of robots is in turn, increasing the adoption of these robots in the food and beverage industry. Thus, the market for food and beverage robotic system integration market for pick and place application is growing rapidly.