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Innovation in Motion: Pick-and-Place Machines Market Embraces Product Innovations for Sustained Growth
Pick And Place Machines Market
The Business Research Company's Pick And Place Machines Global Market Report 2023 identifies the increasing demand for the food and beverage industry is expected to propel the growth of the pick-and-place machines market going forward. The food and beverage industry refers to the sector of the economy involved in the processing, production, distribution, and sale of food and beverages for human consumption. Pick and place machines are utilized in food and beverage packaging operations as they automate picking up products, such as bottles, cans, cartons, or bags, from a conveyor belt and accurately placing them into packaging containers, such as boxes, trays, or pallets. For instance, in 2023, according to the Food & Drink Federation, a UK-based organization representing and advising UK food and drink manufacturers, Scotland registered 1,185 companies that manufacture food and beverages. Further, exports of food and beverages rose by 31% in 2022 to $10.18 billion (£8.1 billion).
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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Major competitors in the pick and place machines market are Panasonic Corporation, DENSO Robotics, Mitsubishi Electric Corporation, ABB Ltd., Yamaha Motor Co. Ltd., Seiko Epson Corporation, Omron Corporation, Kuka AG.
A key trend in the pick and place machines market includes product innovations. 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.
Read More On The Global Pick And Place Machines Market Report Here: https://www.thebusinessresearchcompany.com/report/pick-and-place-machines-global-market-report
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
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the pick and place machines market.
The Business Research Company's "Global Pick And Place Machines Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pick And Place Machines Market Include:
1. Executive Summary
2. Pick And Place Machines Market Characteristic
3. Pick And Place Machines Market Trends And Strategies
4. Pick And Place Machines Market - Macro Economic Scenario
5. Pick And Place Machines Market Size And Growth
……………
27. Pick And Place Machines Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pick And Place Machines Market
29. Pick And Place Machines Market Future Outlook And Potential Analysis
30. Appendix
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