Palletizer Market 2021 Competitive Insights and Precise Outlook - ABB Ltd., BEUMER Group GmbH & Co. KG, Honeywell Intelligrated, KION Group AG

The Palletizer Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The palletizer market was valued at USD 2.37 billion in 2020 and expected to reach USD 3..27 billion by 2026 and grow at a CAGR of 5.34% over the forecast period (2021-2026).

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Top Leading Companies of Palletizer Market are A-B-C Packaging Machine Corp., ABB Ltd., BEUMER Group GmbH & Co. KG, Honeywell Intelligrated, KION Group AG, Krones AG, Schneider Packaging Equipment Co. Inc., Sidel, YASKAWA Electric Corp., Barry-Wehmiller Companies, Inc. and others.

Industry News and Updates

- In April 2019 - Honeywell Intelligrated announced a new automated robotic solution for unloading a wide range of packages from truck trailers and shipping containers at distribution centers.

- In February 2019 - Wildeck, Inc. introduced a new product in addition to its family of material handling products, i.e, .the Pallet Drop Zone (DZ) Safety Gate. As one side of the DZ, gate is raised the other closes. This ensures that the elevated ledge is protected at all times, safeguarding personnel and palletized materials from falls

Key Market Trends

United States to Occupy Significant Market Share

- The United States is one of the largest and most advanced markets for adopting new and innovative palletizing solutions. The strong economy, with notable port traffic, increased e-commerce activity, and key manufacturing indices, results in significant growth in manufacturing and is poised to drive the demand for palletizing solutions in the country.

- Sectors, including retail, automotive, food and beverage, and pharmaceutical, are the largest sources of demand for such solutions in the country. Prior to COVID-19, it was estimated that the US shipments of corrugated packaging exceeded 470 billion square feet by 2025 annually. The need for transportation of the products for the food and beverage industry to maintain an SKU that is cost-effective for shipping has resulted in the widespread adoption of the organization's palletizing solutions irrespective of their size.

- Post pandemic, this number is expected to be higher than the estimated owing to the increased demand to keep the actual product safer and highly sanitized.

Regional Outlook of Palletizer Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Palletizer Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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