The Business Research Company’s Pick And Place Machines Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Pick And Place Machines Global Market Report 2023 evaluates pick and place machines market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global pick and place machines market is expected to grow from $2.22 billion in 2022 to $2.43 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pick-and-place machines market is expected to reach $3.34 billion in 2027 at a CAGR of 8.3%.
The increasing demand for the food and beverage industry is expected to propel the growth of the pick-and-place machines market going forward. The food and beverage industry refers to the sector of the economy involved in the processing, production, distribution, and sale of food and beverages for human consumption. Pick and place machines are utilized in food and beverage packaging operations as they automate picking up products, such as bottles, cans, cartons, or bags, from a conveyor belt and accurately placing them into packaging containers, such as boxes, trays, or pallets. For instance, in 2023, according to the Food & Drink Federation, a UK-based organization representing and advising UK food and drink manufacturers, Scotland registered 1,185 companies that manufacture food and beverages. Further, exports of food and beverages rose by 31% in 2022 to $10.18 billion (£8.1 billion). Additionally, food and beverage turnover accounts for $12.5 billion (£10.3 billion) in 2022 or 33% of total Scottish manufacturing. Therefore, the increasing demand for the food and beverage industry is driving the growth of the pick-and-place machines market.
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The pick and place machines market segments in the report are:
1) By Type: Manual, Semi-Automatic, Automatic
2) By Component: Controllers, Frames, Motors, End Effectors, Vacuum Pumps, Sensors
3) By Technology: Vision-Based, Force-Based, Laser-Based, Hybrid
4) By Application: Consumer Electronics, Automotive, Packaging Industry, Pharmaceuticals And Medical Devices, Logistics And Warehousing, Other Applications
The table of contents in TBRC’s pick and place machines market report includes:
1. Executive Summary
2. Pick And Place Machines Market Characteristics
3. Pick And Place Machines Market Trends And Strategies
4. Pick And Place Machines Market – Macro Economic Scenario
5. Pick And Place Machines Market Segmentation
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26. South America Pick And Place Machines Market
27. Brazil Pick And Place Machines Market
28. Middle East Pick And Place Machines Market
29. Africa Pick And Place Machines Market
30. Pick And Place Machines Market Competitive Landscape And Company Profiles
Top Major Players:
- Panasonic Corporation
- DENSO Robotics
- Mitsubishi Electric Corporation
- ABB Ltd
- Yamaha Motor Co
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