Dublin, May 09, 2024 (GLOBE NEWSWIRE) -- The "Global Robotic Palletizer Market by Component (Robotic Arm, End-of-Arm Tooling, Control System), Robot Type (Traditional Robots, Collaborative Robots), Application (Bags, Boxes & Cases, Pails & Drums), End-use Industry and Region - Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The global robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029. Modern robotic palletizing systems are highly adaptable and can be reprogrammed to handle different products, sizes, and packaging types. This flexibility allows manufacturers to respond quickly to market changes without significant downtime or additional costs associated with retooling or retraining employees.
Premium Insights
- Growing Labor Shortage and Need for Workforce Optimization to Drive Market
- Collaborative Robots to Register Higher CAGR During Forecast Period
- Robotic Arm Segment to Hold Largest Share of Robotic Palletizer Market in 2029
- Food & Beverages Segment to Hold Largest Share of Robotic Palletizer Market by 2029
- Traditional Robots Segment and US Held Dominant Share of North American Robotic Palletizer Market in 2023
- India to Exhibit Highest CAGR in Robotic Palletizer Market During Forecast Period
Market Dynamics
- Drivers
- Growing Labor Shortage and Need for Workforce Optimization
- Rising Use of E-Commerce and Logistics Automation
- Increased Production and Cost Efficiency
- Wide-Scale Adoption of Articulated Robots
- Restraints
- Technology and Programming Complexity
- Concerns About Reliability and Durability
- Opportunities
- Increasing Application in Small and Medium-Sized Enterprises
- Associated Benefits in Food & Beverage Industry
- Increased Adoption of Collaborative Robots
- Challenges
- Lack of Awareness and Expertise
- High Initial Investment Cost
The boxes and cases segment in the robotic palletizer market to witness highest growth rate during the forecast period
Boxes & cases come in a vast array of shapes, sizes, and materials, making them suitable for a wide range of products, due to which they are used for packaging consumer goods such as packaged foods, beverages, household products, and personal care items. Robotic palletizers are employed to palletize boxes and cases of finished products. These systems ensure consistent stacking patterns, optimize pallet density, and facilitate efficient storage and transportation. Boxes & cases are expected to hold the largest market share during the forecast period.
The market for traditional robots in the robotic palletizer market to hold the largest market share during the forecast period
Traditional robots are advanced automation systems designed to perform various manufacturing tasks with precision, speed, and reliability. These robots are widely used across industries to automate repetitive, labor-intensive, and hazardous tasks, enhancing productivity, efficiency, and safety in manufacturing processes. Industrial robots come in various types and configurations, each tailored to specific applications and operational requirements.
The US is expected to hold the largest market size in the North American region during the forecast period.
The US accounted for the largest share of the North American robotic palletizer market in 2023, and a similar trend is expected to be witnessed during the forecast period. The US manufacturing sector consists of the electronics, chemical, automotive, petroleum, consumer goods, and food processing industries, which are all growing rapidly. This growth has led to an increased demand for palletizers, especially with the rise of e-commerce and the retail sector. The likes of Amazon, Walmart, and Target invest heavily in robotic palletizing technology for efficient product handling in their fulfillment centers.
Report Coverage
The report defines, describes, and forecasts the robotic palletizer market based on component, robot type, application, end-use industry and region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the robotic palletizer market. It also analyzes competitive developments such as product launches, acquisitions, expansions, and actions carried out by the key players to grow in the market.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 218 |
| Forecast Period | 2024-2029 |
| Estimated Market Value (USD) in 2024 | $1.4 Billion |
| Forecasted Market Value (USD) by 2029 | $1.9 Billion |
| Compound Annual Growth Rate | 5.9% |
Case Studies
- Bastian Integrates Robotic Palletizer with Existing Operations for Cargill
- New Solution for Bag Palletizing Using Kawasaki Robot
- Robotic Case Packing and Clamp Palletizing System with Stretch Wrapper
Technology Analysis
- Key Technology
- Machine Vision
- Augmented Reality
- Internet of Things
- Complementary Technology
- Automated Storage and Retrieval System
- Adjacent Technology
- Conveyor and Sortation Systems
Companies Featured
- FANUC Corporation
- Kion Group AG
- Kuka AG
- ABB
- Krones AG
- Honeywell International Inc.
- Kaufman Engineered Systems
- Concetti S.p.A.
- Sidel
- Brenton, LLC
- A-B-C Packaging Machine Corporation
- Aetna Group S.p.A.
- Beumer Group
- Brillopak
- Bw Integrated Systems
- Columbia Machine, Inc.
- Euroimpianti S.p.A.
- Fuji Yusoki Kogyo Co. Ltd.
- Haver & Boecker Ohg
- KHS Group
- MMCI
- Okura Yusoki Co. Ltd.
- Rothe Packtech Pvt. Ltd.
- S&R Robot Systems, LLC
For more information about this report visit https://www.researchandmarkets.com/r/uwmxsk
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