Global Robot Kitchen Market to Surge to $3.35 Billion by 2024, Driven by Automation and Consumer Demand for Convenience - Long-term Forecasts to 228 and 2033 [Yahoo! Finance]
Sony Group Corporation American Depositary Shares (SONY)
Company Research
Source: Yahoo! Finance
Recent data indicates a significant upturn in the robot kitchen market, with forecasts positioning the market at an estimated $3.35 billion by 2024, reflecting a compound annual growth rate (CAGR) of 22.7%. Factors propelling this growth include heightened automation, increasing labor costs, and consumer inclinations favoring convenience. A strong emphasis on improved food safety and hygiene standards, along with continuous innovation and intense market competition, further substantiate the market's expansion. The robot kitchen market consists of revenues earned by entities through the provision of automated cooking solutions, including services such as the installation and integration of automated kitchen components, and the sales of robotic cooking appliances. The market value encompasses the manufacturer's 'factory gate' value, the value of goods sold directly by the producers of those goods to end customers or through supply chain intermediaries. The next few years are poised t
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