NEWARK, Del, April 01, 2024 (GLOBE NEWSWIRE) -- According to a Future Market Insights (FMI), the current projections of North America palletizing robot industry indicate a valuation of US$ 576.2 Million in 2024 and US$ 1,354.1 Million by 2034. Sales of palletizing robots in the region are forecast to soar at a CAGR of 8.9%, suggesting lucrative opportunities for companies.
Articulated robots remain the top-selling robot type in North America, accounting for a volume share of 37.1% in 2024. This can be attributed to the growing adoption of these robots for palletizing tasks across diverse industries.
Several factors are set to stimulate the growth of the palletizing robot industries in North America. These include growing demand for automation, rising emphasis on improving productivity and reducing labor costs, and innovation in robotic technology.
Industries across North America are striving for improved productivity and reduced costs. This is encouraging the adoption of automation technologies like palletizing robots as they help to streamline manufacturing and logistic tasks.
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Effective palletizing solutions, including palletizing robots, are also growing in demand due to the growth of e-commerce. The volume of orders placed through e-commerce has expanded significantly, necessitating more flexible palletizing procedures.
Palletizing robots with advanced automation features are required to fulfill the changing demands of the online retail industry. Palletizing systems maximize warehouse productivity while expediting order fulfillment.
Palletizing robots support e-commerce companies in overcoming the challenges presented by rising demand by ensuring quicker and more accurate pallet assembly. Thus, they help them to compete in the ever-changing e-commerce sector.
The growing popularity of collaborative robots (cobots) specifically developed for palletizing operations is another driver for the target industry. Because of their advanced sensors and safety measures, these robots can operate close to people without compromising their safety. This optimizes palletizing procedures while simultaneously addressing worker well-being concerns.
The pattern reflects a wider industrial understanding of the value of peaceful human-robot cooperation, guaranteeing a more adaptable, flexible, and safe method of palletizing processes. To benefit from this, key players are focusing on developing new collaborative palletizer robots.
The rising adoption of palletizing robots in small and medium enterprises (SMEs) presents a compelling opportunity within the industry. As automation becomes increasingly accessible, smaller businesses are recognizing the potential of palletizing robots to revolutionize their operations.
Palletizing robots offer a cost-effective and scalable solution, allowing SMEs to streamline their material handling processes without the extensive resources required for traditional automation systems. Key players will look to reduce palletizing robot prices to capitalize on this trend.
Key Takeaways from the Report:
- Palletizing robot revenue in North America is forecast to total US$ 1,354.1 Million by 2034.
- By robot type, articulated robot sales are set to witness a CAGR of 8.2% by 2034.
- Based on end-use, the manufacturing segment leads the industry, holding a share of 58.4% in 2024.
- The United States industry value is forecast to reach US$ 905.1 Million by 2034.
- Demand in Canada will probably rise at 9.6% CAGR through 2034.
“Rapid adoption of automation and penetration of Industry 4.0 are acting as catalysts triggering sales of palletizing robots in North America”. – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
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Who is Winning?
The North America palletizing robot industry is consolidated, with top players accounting for about 55% to 60% share.
Leading palletizing robot manufacturers and suppliers listed in the report include:-
- KUKA Robotics Corp
- FANUC America Corp
- Yaskawa America, Inc.
- Universal Robots USA, Inc.
- Kawasaki Robotics Inc.
- Columbia/Okura
- Stäubli Robotics
- Kassow Robots
- SCOTT Technology
- FUJI Robotics
- Berobox
- ABB Robotics
- FlexLink Systems, Inc.
- Sage Automation
- Kraken Automation
- OnRobot US Inc.
- JLS Automation
Key players are focusing on designing advanced solutions integrated with novel technologies like AI and ML to meet the evolving needs of end-use industries. They are also using strategies like mergers, acquisitions, partnerships, collaborations, and facility expansions to strengthen their presence.
Recent Development:
- In December 2023, FANUC America launched the new M-710iD/50M robot, marking the first update to the M-710i robot series in 17 years.
Get More Insights:
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the North America palletizing robot industry, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the North America industry potential, growth, and scope, the report is segmented based on robot type, material type, reach range, end-use, and country.
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North America Palletizing Robot Industry Segmentation Analysis:
By Robot Type:
- Articulated Robots
- Up to 100 Kg
- 100 to 300 Kg
- 300 to 500 Kg
- Above 500 Kg
- Collaborative Robots
- Up to 10 Kg
- 10 to 30 Kg
- 30 to 50 Kg
- Above 50 Kg
- SCARA Robots
- Up to 5 Kg
- 5 to 10 Kg
- 10 to 20 Kg
- Above 20 Kg
- Delta Robots
- Up to 3 Kg
- 3 to 6 Kg
- Above 6 Kg
- Gantry Robots
- Up to 50 Kg
- 50 to 150 Kg
- Above 150 Kg
By Reach Range:
- Up to 1,000 mm
- 1,000 to 3,000 mm
- Above 3,000 mm
By Material Type:
- Boxes/Cases
- Bags/Sacks
- Bundles
- Others
By End-use:
- Warehousing & Logistics
- Manufacturing
- Food & Beverages
- FMCG
- Chemicals & Materials
- Pharmaceuticals
- Electrical & Electronics Components
- Cement
- Agriculture Seeds
- Other Discrete Manufacturing
By Country:
- United States
- Canada
- Mexico
About Future Market Insights (FMI) – Industrial Automation
The Industrial Automation division of Future Market Insights (FMI) offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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