Polaris Market Research & Consulting LLP
There is surge in adoption of automation across several industries, driving the growth of the robotic palletizer market.
NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) — Market Overview:
The robotic palletizer market is estimated to reach USD 1,402.99 million in 2023. The market valuation is expected to reach USD 2,314.54 million by 2032, registering a staggering CAGR of 5.7% during the forecast period 2024-2032.
What is a Robotic Palletizer?
Robotic palletizer is a type of palletizer that uses robotic arms to collect, dispose, and place individual items into a pyramid of single loads. It is the next generation of palletizer and replaces traditional palletizers. Its advantages such as supplemental capital cost, ingenuity, and balancing capabilities make it the preferred choice in certain applications. However, its lack of speed, product range tolerance, and compatibility limitations prevent it from fully reviving traditional palletizers.
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Key market statistics:
The Robot Palletizer market size was valued at USD 1,402.99 million in 2023.
The market size is expected to grow from USD 1,479.88 million in 2024 to USD 2,314.54 million by 2032.
The market is expected to exhibit a CAGR of 5.7% during the forecast period.
Key findings from the report:
The market for robotic palletizers is expected to expand significantly due to increasing innovation, enhanced workplace security, and improved efficiency in warehouse and issuing performance.
The robotic palletizer market segmentation is primarily based on component, robot type, application end use industry, and region.
Asia Pacific recorded the largest market share in 2023.
Robotic Palletizer Market Drivers and Trends
Booming e-commerce sector: The fast-growing e-commerce sector and the need for quick fulfilment is driving the adoption of automation solutions, including robotic palletising equipment to handle the growing volume of goods.
Technological advancements: Advances in robotics technology, such as increased adjustability, precision and speed, are making robotic palletizers more durable for a wide range of applications across industries such as food and beverage, pharmaceutical, consumer goods and logistics.
Energy Efficiency: Increasing focus on feasibility and energy efficiency is driving companies to fund robotic palletizers, which can maximize material handling procedures and reduce environmental impact, boosting the demand for the global robotic palletizer market.
Rising labor costs: Rising labor costs and tough conditions related to labor availability are the primary drivers for the purchase of palletizers in many industries. In industries with a high percentage of palletizing requirements, including manufacturing, logistics and shipping, labor costs can make up a significant portion of operational costs.
The story continues
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Market Challenges:
High Cost: Demand for the growth of the robotic palletizer market is expected to be restrained by rising initial costs associated with deploying a robotic palletizer system. The inherent costs of procuring and deploying a robotic palletizer, training personnel, and integrating the system into existing functions can be quite costly for many companies.
Key players in the industry:
FANUC Corporation (Japan)
ABB
Kuka AG
Brenton Engineering
Schneider Packaging Equipment Co., Ltd.
Motomitsu Yasukawa
Columbia/Okura LLC
Honeywell Corporation
Geographical landscape:
Asia Pacific is the region with the largest market share for robotic palletizers. This is a result of rapid industrialization and evolution in manufacturing nations such as China, Japan, South Korea, and India. Emerging economies in the region are capitalizing on revamping their manufacturing and logistics frameworks.
Moreover, with the presence of a strong manufacturing industry in sectors such as consumer goods, automotive, pharmaceuticals, and food & beverages, the North American region is expected to grow at the fastest rate with a robust compound annual growth rate (CAGR) during the forecast period.
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Market segmentation:
Component Perspective
Outlook by robot type
Traditional robot
Articulated Robot
Cartesian Robot
Scala
Collaborative robots
Outlook by Application
bag
Boxes and cases
Buckets and drums
others
End-use industry outlook
Food and beverage
Pharmaceuticals
Cosmetics and Personal Care
E-commerce and logistics
others
Regional Outlook
North America (USA, Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa)
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