Press release
Palletizing Robot Market Size, Share, Major Players, Business Strategies, Opportunities And Forecast To 2033
Palletizing Robot Market Analysis
The Business Research Company presents an extensive market research report on the Palletizing Robot Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The palletizing robot market size has grown strongly in recent years. It will grow from $3.04 billion in 2023 to $3.23 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to operational efficiency, flexibility,e-commerce growth, proliferation of e-commerce platforms, emerging economies.
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.
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Key Market Players:
Major companies operating in the palletizing robot market report are Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., Fuji Yusoki Kogyo Co. Ltd., KION Group AG, Kawasaki Heavy Industries Ltd., Fanuc Corporation, Yaskawa Electric Corporation, Krones AG, KUKA AG, John Bean Technologies Corporation, Schaefer Systems International Inc., Premier Tech Chronos SA, Rockwell International Corporation, Gebo Cermex, Bastian Solutions LLC, Wynright Corporation, Hamer-Fischbein, RMH System Inc., Chantland MHS, C&D Skilled Robotics Inc., MMCI Automation, DAN-Palletiser A/S, Remtec Automation LLC, Newlong Machine Works Ltd., Columbia Okura
Market Drivers:
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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https://www.thebusinessresearchcompany.com/report/palletizing-robot-global-market-report
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
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