New York, USA, July 29, 2024 (GLOBE NEWSWIRE) -- Market Overview:
The Robotic Palletizer Market was estimated at USD 1,402.99 million in 2023. The market valuation is expected to be USD 2,314.54 million by 2032, registering a staggering CAGR of 5.7% during the forecast period of 2024 to 2032.
What is Robotic Palletizer?
A robotic palletizer is a kind of palletizer that engages a robotic arm to collect, dispose, and position discrete commodities and present them into a solitary pyramid of load. They are the next generation of palletizers, and they will replace traditional palletizers. Their benefits, such as ancillary capital cost, inventiveness, and balancing capabilities, render them favored options in chosen applications. But their deficiency of speed, commodity extent forbearance, and fitness restrictions restrict them from entirely restoring traditional palletizers.
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Key Market Stats:
- The robotic palletizer market size was valued at USD 1,402.99 million in 2023.
- The market is anticipated 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.
Major Findings from the Report:
- The market for robotic palletizers is expected to increase significantly due to escalated innovativeness, enhanced workplace security, and improved efficacy in warehouse and issuance performance.
- The robotic palletizer market segmentation is mainly based on component, robot type, application end-use industry, and region.
- In 2023, Asia Pacific registered as the largest market share.
Robotic Palletizer Market Drivers and Trends
- Surging E-Commerce Sector: The escalating e-commerce sector and the requirement for speedy requisition realization are driving the acquisition of automation solutions involving robotic palletizing arrangements to operate growing magnitudes of goods.
- Advancement in Technology: Progression in robotic technology, such as enhanced adjustability, accuracy, and speed, renders robotic palletizers more enduring for a broad gamut of applications covering industries such as food and beverage, pharmaceuticals, consumer commodities, and logistics.
- Energy Efficiency: The growing concentration on viability and energy efficacy motivate firms to fund robotic palletizers, which provide maximized substance handling procedures and decreased environmental influence to enhance the global robotic palletizer market demand.
- Growing Labor Charges: Growing labor charges and taxing situations linked with labor obtainability are prominent driving factors in the acquisition of palletizers in several industries. Labor rates can be a huge segment of functional prices, predominantly in industries with high proportion palletizing prerequisites involving making, logistics, and issuance.
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Market Challenges:
High Costs: The demand for robotic palletizer market growth is anticipated to be constrained by elevated inceptive prices linked with carrying out robotic palletizing systems. The intrinsic prices included in obtaining and positioning robotic palletizers, together with payment for instructing manpower and combing the systems into prevailing functions, can be sizeable for several firms.
Industry’s Prominent Players:
- Fanuc Corporation (Japan)
- ABB
- KUKA AG
- Brenton Engineering
- Schneider Packaging Equipment Co., Inc.
- Yaskawa Motoman
- Columbia/Okura LLC
- Honeywell Corporation
Geographical Landscape:
Asia Pacific region accounted for the most robotic palletizer market share. This is a result of speedy industrialization and evolution in manufacturing nations such as China, Japan, South Korea, and India. The region's surfacing economies are funding in refurbishment of their making and logistical framework.
Moreover, powerful manufacturing exists in sectors such as consumer commodities, automotive, pharmaceutical, and food and beverages industries; the North American region is anticipated to grow at the quickest rate over the forecast period, with a robust compound annual growth rate (CAGR).
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Market Segmentation:
By Component Outlook
- Robotic Arm
- End-of-Arm Tooling (EOAT)
- Control System
- Others
By Robot Type Outlook
- Traditional Robot
- Articulated Robot
- Cartesian Robot
- Scara
- Collaborative Robot
By Application Outlook
- Bags
- Boxes and Cases
- Pails and Drums
- Others
By End Use Industry Outlook
- Food & Beverages
- Pharmaceuticals
- Cosmetic & Personal Care
- E-commerce & Logistics
- Others
By Region Outlook
- North America (U.S., 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 & Africa (Saudi Arabia, UAE, Israel, South Africa)
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