The Pick And Place Machines Global Market Report 2023, provides comprehensive information on the pick and place machines market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Pick And Place Machines Global Market Report 2023, the global pick and place machines market is expected to grow from $2.22 billion in 2022 to $2.43 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pick-and-place machines market is expected to reach $3.34 billion in 2027 at a CAGR of 8.3%.
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Product innovations are a key trend gaining popularity in the pick-and-place machines market. Major companies operating in the pick-and-place market are innovating new products to sustain their position in the market. For instance, in October 2022, Smart Robotics, a Netherlands-based pick-and-place machine manufacturing company, launched a smart parcel picker. This picking robot is made to unload various containers filled with packages ranging in size, surface material, and weight while depalletizing them. The smart parcel picker offers case-friendly throughput and performance, freeing warehouse workers from physically taxing and repetitive work at a time when the sector is also facing a rising labor crisis.
The pick and place machines market is segmented:
1) By Type: Manual, Semi-Automatic, Automatic
2) By Component: Controllers, Frames, Motors, End Effectors, Vacuum Pumps, Sensors
3) By Technology: Vision-Based, Force-Based, Laser-Based, Hybrid
4) By Application: Consumer Electronics, Automotive, Packaging Industry, Pharmaceuticals And Medical Devices, Logistics And Warehousing, Other Applications
Europe was the largest region in the pick and place machines market in 2022.
The table of contents in TBRC’s pick and place machines market report includes:
1. Executive Summary
2. Pick And Place Machines Market Characteristics
3. Pick And Place Machines Market Trends And Strategies
4. Pick And Place Machines Market – Macro Economic Scenario
5. Global Pick And Place Machines Market Size and Growth
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26. South America Pick And Place Machines Market
27. Brazil Pick And Place Machines Market
28. Middle East Pick And Place Machines Market
29. Africa Pick And Place Machines Market
30. Pick And Place Machines Market Competitive Landscape And Company Profiles
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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