Market Size of Germany HRI Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.34 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany HRI Market Analysis
The Germany HRI market is poised to register a CAGR of 2.34% during the forecast period (2020 - 2025).
- The market is primarily driven by the increasing inclination and investment toward technological developments, such as robotics, Internet of Things (IoT), blockchain, and others, and are simplifying the food industry in Germany.
- Moreover, foodservice establishments are developing a customer-centric approach or strategies, to increase the repetitive orders from them. Personalization, indulgence toward healthy eating habits, and reduction of food wastage have become some of the major concentration points for the restaurants and other foodservice organizations in the market.
- However, the increasing labor cost and food prices, the effect of Brexit, and increased cases for restaurant closures are restraining the market in the European region, which can further hamper its growth during the forecast period.
