The palletizer market has experienced significant growth, rising from $2.58 billion in 2023 to $2.72 billion in 2024, with a CAGR of 5.4%. This growth is driven by transformed manufacturing through mechanization and mass production, facilitated global trade, the rise of megacities and smart city initiatives, the advent of computers and the internet, and increased interconnectedness of economies and cultures. The market is expected to grow to $3.37 billion by 2028, with a CAGR of 5.5%. This future growth is supported by automation and data analysis impacts on industries, shifts in resource demand, urbanization trends, technological advancements in biotech, nanotech, and quantum computing, and the push towards sustainable and renewable energy sources. Major trends include eco-friendly practices and green technologies, widespread adoption of digital tools, advancements in personalized medicine and telehealth services, and the rise of remote work and gig economy models.
Major Driver In The Palletizer Market
The increasing demand for automation is expected to propel the palletizer market. Automation, aimed at improving efficiency and reducing manual labor, is driving the need for advanced palletizers. The International Federation of Robotics reported that industrial robot installations reached 553,052 globally in September 2023, reflecting a 5% annual growth rate in 2022. This rise in automation is supporting the growth of the palletizer market.
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Palletizer Market Competitive Landscape
DENSO Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., FANUC CORPORATION, Krones AG, KUKA AG, BEUMER GROUP, Armstrong, Sidel, Premier Tech Ltd., Douglas Machine Inc., Columbia Machine Inc., Serpa Packaging Solutions LLC, Schneider Packaging Equipment Company Inc., Kaufman Engineered Systems, Brenton LLC, Concetti S.P.A, Magnum Systems Inc., MMCI Automation, A-B-C Packaging Machine Corporation, Alligator Automations, Kawasaki Heavy Industries Ltd., KION GROUP AG, Brillopak Ltd., Okura Yusoki Co. Ltd., Fuji Robotics Americas, S&R Robot Systems LLC
Key Palletizer Market Trend
The palletizer market is advancing with AI-based robotic palletizers to improve operational efficiency. Omron Corporation launched a new cobot palletizing solution in March 2023, featuring the NX1 series modular machine controller and a Palletizing Function Block. This technology simplifies programming and increases flexibility in palletizing processes, reducing setup time and enhancing operational efficiency.
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Palletizer Market Segmentation
The palletizer market covered in this report is segmented –
1) By Type: Robotic Palletizers, Conventional Palletizers, Automated Palletizers, Manual Palletizers
2) By Product Type: Bags, Boxes And Cases, Pails And Drums, Other Product Types
3) By Technology: Vacuum Palletizers, Layer Palletizers, High-Level Palletizers
4) By Application: Food And Beverage, Pharmaceuticals, Consumer Goods, Building Materials, Chemicals, Other Applications
By Geography:The regions covered in the palletizer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the palletizer market in 2023.
The Palletizer Global Market Report 2024 furnishes information about the global palletizer market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
