The palletizing robot global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Palletizing Robot Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The palletizing robot market size has grown strongly in recent years. It will grow from $3.04 billion in 2023 to $3.23 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to operational efficiency, flexibility,e-commerce growth, proliferation of e-commerce platforms, emerging economies.
The palletizing robot market size is expected to see rapid growth in the next few years. It will grow to $4.96 billion in 2028 at a compound annual growth rate (CAGR) of 11.35%. The growth in the forecast period can be attributed to rising demand for automation, enhanced efficiency in material handling and logistics, growing emphasis on safety protocols, increasing demand for automated solutions, cost-effectiveness. Major trends in the forecast period include advancements in robotic technologies, growing emphasis on safety protocols, cost-effectiveness, collaborative palletizing robots, industry 4.0 integration.
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Scope Of Palletizing Robot Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Palletizing Robot Market Overview
Market Drivers –
The increasing demand for manufacturing is expected to propel the growth of the palletizing robot going forward. Manufacturing refers to the process of converting raw materials, components, or parts into finished goods that meet a customer’s expectations or specifications. Palletizing robots are used in manufacturing industries to enhance efficiency and scalability in response to rising production needs and storage requirements. For instance, in May 2023, according to a report by the Australian Bureau of Statistics, an Australia-based government agency, manufacturing industry EBITDA increased 17.8%, following a 6.9% ($2.8b) increase in 2021–2022, and manufacturing IVA increased 15.2% following a 0.5% ($501m) increase in 2021–2022. Further, manufacturing income increased by 9.4% from 2021 to 2022. Therefore, increasing demand for manufacturing is driving the growth of the palletizing robot market.
Market Trends –
Major companies operating in the palletizing robot market are developing innovative technologies, such as cobot palletizing solutions, to increase their profitability in the market. A cobot palletizing solution refers to a collaborative robot (cobot) system designed for palletizing tasks, such as stacking and organizing products on pallets. For instance, in March 2023, Omron Corporation, a Japan-based electronics company, launched a cobot palletizing solution called OMRON TM20. It has all the tools needed to handle large payloads and automate palletizing, machine tending, and material handling. The robot is renowned for its dependability, safety, and ease of use. It is made to integrate seamlessly with other OMRON products, such as sensors, controllers, and software, to offer industrial clients a complete automation solution. The OMRON TM20 is appropriate for use in a variety of industrial settings due to its compact size and 1.3-meter reach. Additionally, it is made to be easily integrated with mobile robots, increasing its flexibility and productivity in industrial settings.
The palletizing robot market covered in this report is segmented –
1) By Robot Type: Selective Compliance Assembly Robot Arm (SCARA), Cobots, Deltas, Articulated Robots, Gantry Robot
2) By Application: Cases and Boxes Palletizing, Bags and Sacks Palletizing, Bundles Palletizing, Other applications
3) By End-Use: Discrete Manufacturing , Chemicals and Materials, Electricals and Electronics, Food and Beverages, Pharmaceutical and Healthcare, Transportation and warehousing, Other End users
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Regional Insights –
North America was the largest region in the pallentizing robot market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the palletizing robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., Fuji Yusoki Kogyo Co. Ltd., KION Group AG, Kawasaki Heavy Industries Ltd., Fanuc Corporation, Yaskawa Electric Corporation, Krones AG, KUKA AG, John Bean Technologies Corporation, Schaefer Systems International Inc., Premier Tech Chronos SA, Rockwell International Corporation, Gebo Cermex, Bastian Solutions LLC, Wynright Corporation, Hamer-Fischbein, RMH System Inc., Chantland MHS, C&D Skilled Robotics Inc., MMCI Automation, DAN-Palletiser A/S, Remtec Automation LLC, Newlong Machine Works Ltd., Columbia Okura
Table of Contents
1. Executive Summary
2. Palletizing Robot Market Report Structure
3. Palletizing Robot Market Trends And Strategies
4. Palletizing Robot Market – Macro Economic Scenario
5. Palletizing Robot Market Size And Growth
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27. Palletizing Robot Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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