Palletizing Robots Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2032
The global palletizing robots market is expected to reach a value of US$ 2,405.5 Mn in 2032, with the market growing at a standard CAGR of 5% over the forecast period of 2022 to 2032. Climbing up from a value of US$ 1,412.1 Mn in 2021, the palletizing robots market is likely to reach an estimated US$ 1,476.8 Mn by the end of 2022. The increasing adoption of automation and robotics in various industries is driving the growth of this market.
The past few years have witnessed a high demand for single pallet, which is commonly used for retail and warehousing, resulting in smaller box and pallet sizes and robotic palletizers are required to work faster to handle small parcels as compared to larger parcels. Thus, robotic palletizer manufacturers are inventing advanced built-in flexibility that lets users avoid the extra reprogramming costs of the robotic palletizer. All of these factors are expected to promote the market growth of palletizing robots over the forecast period.
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“The heightened demand for palletizing robots in the expanding packaging and e-commerce sectors will propel the market growth of the same over the forecast period,” says an FMI analyst.
- High reprogramming costs may stunt market growth.
- The food sector drives the market growth in the United States.
- China is expected to account for about 40% of the market in East Asia.
- Germany is predicted to hold about 25% of the market in Europe.
- Distribution centers to record a CAGR of 6.0% during 2022-2032.
- In terms of end use, the industrial packaging segment will dominate the market.
ABB Ltd, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd, FANUC Corporation, Yaskawa Electric Corporation, KUKA AG, Krones AG, Brenton, LLC, Remtec Automation, LLC, and DAN-Palletiser A/S., others are some of the major players in the palletizing robots market that are profiled in the full version of the report.
Major market players are focusing on product development and releasing innovative solutions to improve product functions. These businesses are investing more in R&D activities to release better versions of the product and gain a competitive advantage.
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More Insights into Palletizing Robots Market Report
In its latest report, FMI offers an unbiased analysis of the global palletizing robots market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented on the basis of product type (boxes/ cases, bags/ sacks, bundles, others), machine type (articulated robots, collaborative robots), application (factories, distribution centers, fulfillment centers), end use (food and beverages, pharmaceuticals, consumer products, tracking and logistics, industrial packaging), and region.
According to the latest FMI reports, based on region, the palletizing robot market in the United States is predicted to experience considerable growth during the forecast period. The country will account for about 70% of the market share in North America in 2022 and exhibit a CAGR of 9.0% during 2022-2032. This growth is attributed to the growing e-commerce sector as well as the high demand for processed food. China and Germany are two other regions that are expected to exhibit remarkable market growth during this period of observation.
Based on segmentation, in terms of application, the distribution centers are expected to dominate the market with a CAGR of 6% from 2022 to 2032 while industrial packaging will lead the market on the basis of end-use during the same period of assessment.