Press release
Pick And Place Machines Global Market By Key Players: Panasonic Corporation, DENSO Robotics, Mycronic AB, ABB Ltd., Universal Robots Inc.
Pick And Place Machines Global Market
The Business Research Company offers in-depth market insights through Pick And Place Machines Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The pick & place machines market size has grown strongly in recent years. It will grow from $2.43 billion in 2023 to $2.65 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to growth of electronics manufacturing industry, evolution of surface mount technology (smt), increase in demand for miniaturized electronic components, expansion of consumer electronics production, rise in demand for high-speed and precision assembly.
The pick & place machines market size is expected to see strong growth in the next few years. It will grow to $3.62 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to development of flexible and modular pick and place machines, influence of industry 4.0 on manufacturing processes, increase in adoption of lead-free soldering processes, integration of vision systems for component inspection, expansion of 5g technology and iot devices, impact of covid-19 on reshoring and supply chain resilience, increase in demand for smart manufacturing solutions. Major trends in the forecast period include technological advancements in automation and robotics, adoption of artificial intelligence in pick and place machines, integration of 3d printing in pick and place machine manufacturing, emphasis on energy-efficient and eco-friendly machine designs, integration of machine learning.
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Market Segmentation:
The pick and place machines market covered in this report 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
Major Driver - Rising Demand In The Food And Beverage Industry Drives Pick-And-Place Machines Market Growth
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). Additionally, food and beverage turnover accounts for $12.5 billion (£10.3 billion) in 2022 or 33% of total Scottish manufacturing. Therefore, the increasing demand for the food and beverage industry is driving the growth of the pick-and-place machines market.
Competitive Landscape:
Major companies operating in the pick and place machines market report are Panasonic Corporation, DENSO Robotics, Mitsubishi Electric Corporation, ABB Ltd., Yamaha Motor Co. Ltd., Seiko Epson Corporation, Omron Corporation, Kuka AG, Nordson Corporation, Kollmorgen Corp., Stäubli Robotics, Juki Corporation, Mycronic AB, Yaskawa Motoman Robotics, FANUC AMERICA Corporation, ASM Assembly Systems GmbH & Co. AG, Universal Instruments Corporation, Kawasaki Robotics inc., Comau LLC, Omron Adept Technology Inc., Universal Robots Inc., NMTronics India Pvt. Ltd., Nachi Robotic Systems Inc., Blundell Production Equipment Ltd., Fuji Machinery Co. Ltd., Hanwha Precision Machinery, DDM Novastar Inc., Autotronic Services, Evest Corporation, NeoDen Technology Co. Ltd.
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Top Trend - Product Innovations Drive Growth In The Pick-And-Place Machines Market
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 Table Of Content For The Market Report Include:
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. Pick And Place Machines Market Size And Growth
…..
27. Pick And Place Machines Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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