Press release
Pick And Place Machines Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Pick And Place Machines Market Size
The pick-and-place machines market is projected to experience growth due to the rising demand in the food and beverage industry. This industry encompasses the economic sectors responsible for the processing, production, distribution, and sale of food and drinks for human consumption. Pick and place machines play a crucial role in the packaging procedures in this industry, as they automate the process of picking items, such as bottles, cans, cartons, or bags, from a conveyor belt and accurately placing them into packaging containers, like boxes, trays, or pallets. For example, in 2023, the Food & Drink Federation, a UK-based organization that represents and gives advice to UK food and drink manufacturers, reported that Scotland had 1,185 firms involved in food and drink manufacturing. Moreover, the exports of food and beverages increased by 31% in 2022, reaching $10.18 billion (£8.1 billion). Moreover, the turnover of food and drink accounted for $12.5 billion (£10.3 billion) in 2022, equivalent to 33% of total Scottish manufacturing. Hence, the burgeoning demand in the food and beverage industry is fueling the expansion of the pick-and-place machines market.
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What is the future CAGR of the pick and place machines market, and how will it impact industry expansion?
In recent times, the market size for pick and place machines has seen substantial growth. It is projected to expand from $2.63 billion in 2024 to $2.85 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.7%. Factors like the flourishing electronics manufacturing industry, development of surface mount technology (SMT), heightened demand for miniature electronic elements, growth in consumer electronics production, and the increasing need for high-speed and accurate assembly are responsible for this historic growth.
Strong expansion is anticipated in the pick and place machines market in the coming years, with a projected growth to $3.94 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.4%. This surge over the forecast period can be linked to the advancement of flexible and modular pick and place machines, the influence of Industry 4.0 on manufacturing procedures, the increasing implementation of lead-free soldering processes, the integration of vision systems for component scrutiny, the proliferation of 5G technology and IoT devices, the COVID-19 impact on reshoring and strengthening supply chain resilience, and a rise in demand for smart manufacturing solutions. Key trends for this forecast period encompass technological progression in automation and robotics, the incorporation of artificial intelligence within pick and place machines, the utilization of 3D printing in pick and place machine production, a focus on energy-efficiency and environmentally friendly machine models, and the implementation of machine learning.
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How are the latest trends influencing the growth of the pick and place machines market?
There is a growing trend of product innovation in the pick-and-place machines market. Major players in this field are developing fresh, new products in order to maintain their market standing. For example, in October 2022, Smart Robotics, a company based in the Netherlands that manufactures pick-and-place machines, introduced their smart parcel picker. This picking robot is designed to unload an assortment of containers filled with packages that vary in size, surface material, and weight, and also depalletize them. The smart parcel picker not only provides efficient case-friendly process and performance, but also relieves warehouse workers of strenuous and monotonous tasks at a time when the industry is grappling with an escalating labor problem.
Which key market segments comprise the pick and place machines market and drive its revenue growth?
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
Subsegments:
1) By Manual: Handheld Pick And Place Tools, Manual Assembly Workstations
2) By Semi-Automatic: Semi-Automatic Pick And Place Machines, Semi-Automatic Assembly Lines
3) By Automatic: Fully Automatic Pick And Place Machines, Robotic Pick And Place Systems, Automated Assembly Lines
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What regions are at the forefront of pick and place machines market expansion?
Europe was the largest region in the Pick And Place Machines market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pick and place machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the pick and place machines market?
Major companies operating in the pick and place machines market include 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., Evest Corporation, NeoDen Technology Co. Ltd.
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What Is Covered In The Pick And Place Machines Global Market Report?
• Market Size Forecast: Examine the pick and place machines market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the pick and place machines market for a structured understanding.
• Key Players Overview: Analyze major players in the pick and place machines market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pick and place machines market.
• Segment Contributions: Evaluate how different segments drive overall growth in the pick and place machines market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pick and place machines market.
• Industry Challenges: Identify potential risks and obstacles affecting the pick and place machines market.
• Competitive Landscape: Review strategic developments in the pick and place machines market, including expansions, agreements, and new product launches.
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