Global palletizing robots market is receiving a huge boost due to the major technological advancements in this field. There is a pressing need to transport finished products to the market in an efficient manner and this has made the use of palletizing robots imperative, due to the fact that they can do the job efficiently and in a speedy manner. Most of the production units are opting for palletizing robots in order to achieve higher production rates.
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The market in APEJ is set to dominate the global palletizing robots market in terms of value and this trend is projected to sustain itself throughout the assessment period. APEJ palletizing robots market is the most attractive market, growing at a robust CAGR over the forecast period.
The global palletizing robots market is slated to touch a value of about US$ 1,500 Mn in the year 2022 and display a robust CAGR during the assessment period.
4 Forecast Highlights on Global Palletizing Robots Market
- As per the forecast of Future Market Insights, the bag palletizing segment is slated to touch a value of more than US$ 600 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The bag palletizing segment is estimated to account for more than one-third of the revenue share of the machine type segment by the year 2017 and is forecasted to gain market share by 2022 over 2017.
- As per the forecast of Future Market Insights, the pharmaceutical segment will reach a value of about US$ 96 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The pharmaceutical segment is forecasted to account for more than one-tenth of the total revenue share of the end use type segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
- As per the forecast of Future Market Insights, the consumer products segment is slated to reach a value of about US$ 350 Mn in 2022. The consumer products segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the APEJ region in the consumer products segment.
- Future Market Insights forecasts the China palletizing robots market to exhibit a compound annual growth rate (CAGR) of nearly 16% from 2017 to 2022.
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The report has also included the profiles of some of the leading companies in the palletizing robots market like KUKA AG, DAN-Palletiser AS, ABB Limited, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., Brenton, LLC, Fanuc Corporation, Remtec Automation, LLC, YASKAWA Electric Corporation and Krones AG.
Food and Beverages Segment to Exhibit a CAGR of More than 13% During the Assessment Period
According to the assessment of Future Market Insights, the food and beverages segment is poised to touch a figure of about US$ 390 Mn in the year 2022. This signifies a CAGR of more than 13% during the assessment period from 2017 till the year 2022. The food and beverages segment is estimated to account for more than one-fourth of the revenue share of the end use type segment by the end of the year 2017 and is projected to lose market share by 2022 over 2017.
The factors that are driving the palletizing robots market include improved functionality of such robots along with a simplified user interface. Moreover, there is an introduction of kind of palletizing robots in the market that can lift heavy loads and can even lift products from greater heights due to their long arms.
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Due to the changing requirements of the packaging industry, hybrid palletizing robots have been developed that possess the flexibility and advantages of a robotic palletizer and can handle complex work tasks with the simplicity of a conventional high speed palletizer. Such kind of palletizing robots can even handle delicate products and perform heavy duty functions as well, apart from being simple to use and cost effective in operations.