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.
Palletizing robots are a kind of equipment that helps in the automatic compiling of various kinds of products on a pallet. Pallet wrapping functions are an important part of the workflow at the end of the packaging line before the product gets transported and distributed to different places. Due to the advancements in the field of robotics, more advanced forms of palletizing robots have emerged, that can lift heavy weights and can even lift products from a greater height due to their long arms. Also, hybrid palletizing robots have been developed, that have a simple user interface and can be operated easily, besides being cost-effective and efficient to use. Such kind of hybrid palletizing robots can even handle complex tasks like the handling of delicate products. With the ongoing technological innovations in this field, palletizing robots that can operate at increased speeds and deliver high-quality work.
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The 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 because they can do the job efficiently and speedily. Most of the production units are opting for palletizing robots to achieve higher production rates.
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 a kind of palletizing robot in the market that can lift heavy loads and can even lift products from greater heights due to their long arms.
APEJ Market Set to Dominate the Global Palletizing Robots Market in Terms of Revenue
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.
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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.
Palletizing Robots Market Taxonomy
Machine Type
Case Palletizing Bag Palletizing De-palletizing
End-Use Type
Food & Beverages Pharmaceutical Consumer Products Tracking and Logistics Industrial Packaging
Region
North America Latin America Europe Japan Asia Pacific excluding Japan Middle East and Africa
Case Palletizing Segment Slated to Touch a Value of Nearly US$ 400 Mn in 2022
According to the projections of Future Market Insights, the case palletizing segment is expected to reach a value of about US$ 400 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The case palletizing segment is estimated to account for more than one-third of the revenue share of the machine type segment by the end of the year 2017 and is expected to lose market share by 2022 over 2017.
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.
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Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of the global palletizing robots market through 2022, which include ABB Limited, Fanuc Corporation, KUKA AG, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, Krones AG, Brenton, LLC, Remtec Automation, LLC, Kawasaki Heavy Industries, Ltd. and DAN-Palletiser AS.