North America Cooking Robots Market Analysis and Forecast, 2019-2028

By: RationalStat LLC
WILMINGTON, Del. - Sept. 7, 2023 - PRLog -- Market Scope and Report Overview

Based on a deep-dive market analysis by RationalStat, the North America cooking robots market was analyzed on the basis of various segments, including the type of robot, its application user, and the geography/regions (incl. US, Canada). The report also provides the market size for both regions and global for the historic period of 2019-2022 and for the projection period for 2019-2028.

Period Covered contains information for 2019-2028 along with year-wise demand estimates

This North America cooking robots market report analyses the market in terms of regional geopolitics, scenarios of import-export trade duties market developments Organic and non-organic approaches mergers and acquisitions launches, policies of the government, new capacity additions technological advancements R&D investment, and new market entry rates, rate of replacement, penetration the size of the base/fleet that is installed and capacity for regional production and regional production capacity, among other.

Macroeconomic Scenario and the Impact of COVID-19 on Regional Economic Sentiment

In the most recent RationalStat report, the analysis shows that geopolitical conflict and rising inflation are among the top economic risks, whereas concerns about the volatility of energy sectors are commonplace in Europe and across the globe. The main threats to economic growth in the most important regions, which include Asia Pacific, Europe, North America, the Middle East and Africa and the other developing regions, include the rising cost of energy, inflation and supply chain disruptions,  labour shortages, geopolitical instability and rising interest rates and COVID-19, a pandemic.

Furthermore slowing of economic growth, the economy decreased in 2022 to 3.3%, lower than the forecast at the end of 2021. The reason for this was that it was mainly brought down by Russia's conflict in Ukraine and the resulting cost-of-living crises in numerous countries. However, a rise in the economic activity over the forecast timeframe is anticipated. The growth rate is expected to stay at a lower rate in 2023 and 2024 at 2.6% and 2.9% respectively.

Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.  Some of the key developments in the North America cooking robots market include,
  • In January 2021, a robotic restaurant, named Spyce, created by MIT graduates opened its second location in Harvard Square, US.

Some of the prominent players that contribute significantly to the North America cooking robots market growth include Miso Robotics, Inc., Mechanical Chef, Café X Technologies Limited, Wilkinson Baking Company, Chowbotics Inc., Creator, and Briggo Inc., among others.

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Source:RationalStat LLC
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