Press release
Future of the Pick And Place Machines Market: Trends, Innovations, and Key Forecasts Through 2034
Pick And Place Machines
Pick And Place Machines Market Size Growth Forecast: What to Expect by 2025?
The market size for pick and place machines has seen significant growth in recent times. The market, which values at $2.63 billion in 2024, is projected to grow to $2.85 billion in 2025 at a compound annual growth rate (CAGR) of 8.7%. This notable growth during the historical period can be credited to advancements in the electronics manufacturing industry, the evolution of surface mount technology (smt), a surge in demand for miniaturized electronic components, an expansion in consumer electronics production, and an increase in demand for high-speed and precision assembly.
How Will the Pick And Place Machines Market Size Evolve and Grow by 2029?
The market for pick and place machines is forecasted to see robust growth in the forthcoming years. The market is projected to reach a valuation of $3.94 billion in 2029, growing at a compound annual growth rate (CAGR) of 8.4%. Factors contributing to this expansion in the forecast period include the advancement of flexible and modular pick and place machines, the impact of the fourth industrial revolution on manufacturing processes, the rising adoption of lead-free soldering procedures, incorporation of vision systems for part inspection, the spread of 5G technology and IoT apparatuses, the COVID-19 influence on reshoring and establishing resilient supply chains, and the growing demand for intelligent manufacturing solutions. The future trends include the progression of automation and robotics technology, utilization of artificial intelligence in pick and place machines, incorporation of 3d printing in the manufacturing process of pick and place machines, focus on energy-efficient and environmentally friendly machinery designs, and integration of machine learning.
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What Drivers Are Propelling the Growth of Pick And Place Machines Market Forward?
Growth in the pick-and-place machines market is anticipated to be driven by the escalating demand within the food and beverage industry. This industry encompasses the economic sectors dedicated to the processing, production, sales, and distribution of food and beverages for human consumption. Food and beverage packaging operations rely on pick and place machines to automatically pick products such as bottles, cans, cartons, or bags from a conveyor belt and precisely place them into packaging containers including boxes, trays, or pallets. For example, in 2023, the Food & Drink Federation, a UK-based organization that represents and advises UK food and drink manufacturers, reported that Scotland had 1,185 food and beverage manufacturing companies. Moreover, the exports of food and beverages grew by 31% in 2022, amounting to $10.18 billion (£8.1 billion). Additionally, the food and beverage turnover amounted to $12.5 billion (£10.3 billion) in 2022, representing 33% of total Scottish manufacturing. Consequently, the rising demand in the food and beverage industry is spurring the growth of the pick-and-place machines market.
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Which Emerging Trends Are Transforming the Pick And Place Machines Market in 2025?
The emergence of product innovation is a significant trend being observed in the pick-and-place machines market. A number of leading businesses in this market are creating novel products to maintain their market presence. Take, for instance, Smart Robotics, a company based in the Netherlands that specializes in manufacturing pick-and-place machines. In October 2022, they introduced a smart parcel picker. Built to de-palletize a variety of containers full of differently sized, textured and weighted packages, this robot has the benefit of providing case-friendly throughput and performance. This innovation reduces manual, repetitive tasks for warehouse workers and is particularly useful during the current labour shortage in the sector.
What Are the Key Segments in the Pick And Place Machines Market?
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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Who Are the Key Players Shaping the Pick And Place Machines Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Pick And Place Machines Market?
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
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