Food And Beverage Robotic System Integration Market
Robotic system integration is a method of programming and supplying industrial robots to enable the autonomous performance of manufacturing tasks. High labor cost in developed economies and dearth of skilled human workforce in emerging economies is a major factor driving growth of the food and beverage robotic system integration market for pick and drop application. According to a report by International Federation of Robotics published in 2013, companies have been cutting back on low-paid, low-skill jobs ever since the global recession began. Apparently, this was a common scenario during recessions. Manufacturers increasingly adopted robots to improve the efficiency of their existing workforce. However, this led to the creation of skilled robotics jobs in the manufacturing, electronics, and food industries. In 2014, as per the report Deciphering Labor and Skill Shortages in Asia published by Workforce Analytics Institute (WAI), skilled labor is in high demand across emerging countries in Asia. This is attributed to scarcity of skilled labors and educated individuals in emerging economies. In several countries in the Asian region, the share of the population that are educated beyond secondary level is below 8%. Further analysis by the coherent market insights , in 2014 — states that lack of skilled workforce has created difficult in filling vacancies for 45% of employers in the Asia Pacific region. In India, this number soared to 61% of employers, while in Brazil 68% had trouble recruiting the required workforce. To overcome this shortage, emerging economies have to narrow the skills gap.
Market Dynamics
Among end-use industry, the beverage industry segment is project to exhibit highest CAGR of 11.31% over the forecast period. Growing population and increasing inclination of consumers towards bottled or canned beverages that specifically include juice, bottled water, carbonated soft drink, coffee, tea, beer, wine, and spirits, are expected to present high growth prospects to the manufacturers of beverages. In order to meet the growing demand for beverages, manufacturers are focusing on automating the packaging processes in all the three stages, namely primary, secondary, and tertiary segments. This in turn, is expected to fuel the demand for pick and place robotic system integrator in industrial processes.
Key features of the study
Market Segmentation
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