The Palletizing Robot Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Palletizing Robot Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2.Palletizing Robot Market Characteristics
3.Palletizing Robot Market Trends And Strategies
4.Palletizing Robot market analysis
5.Palletizing Robot Market Size And Growth
6.Palletizing Robot Segmentation
7.Palletizing Robot Regional And Country Analysis
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27.Palletizing Robot Competitive Landscape And Company Profiles
28.Palletizing Robot Key Mergers And Acquisitions
29.Palletizing Robot Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Mitsubishi Electric Corporation
- Honeywell International Inc.
- ABB Ltd.
- Fuji Yusoki Kogyo Co. Ltd.
- KION Group AG
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