What Has Been the Growth of the Palletizing Robot Market So Far?
The palletizing robot market has seen considerable growth due to a variety of factors.
• The market size for palletizing robots has seen considerable growth in the recent past. The projected market growth is anticipated to rise from $3.23 billion in 2024 to $3.43 billion in 2025, representing a compound annual growth rate (CAGR) of 6.2%.
The increase in its size over the historic period can be tied back to improved operational efficiency, flexible-commerce growth, widespread adoption of e-commerce platforms, and the rise of emerging economies.
What Is the Forecasted Market Size and Growth Rate for The Palletizing Robot Market Size In The Coming Years?
The palletizing robot market is expected to maintain its strong growth trajectory in upcoming years.
• Explosive expansion is projected for the palletizing robot market in the coming years, with its value expected to reach $5.81 billion in 2029, growing at a compound annual growth rate (CAGR) of 14.1%.
This anticipated growth during the forecast period can be attributed to an increasing demand for automation, improvements in materials handling and logistics efficiency, heightened attention to safety protocols, increased need for automated solutions, and cost-effectiveness. Some significant trends noticed during the forecast period comprises advancements in robotic technologies, increased focus on safety protocols, cost-effectiveness, collaborative palletizing robots, and integration with industry 4.0.
What Factors Are Driving Growth In The Palletizing Robot Market?
The growth of the palletizing robot is anticipated to be driven by the rising need for manufacturing. Manufacturing involves turning raw materials, components, or parts into finished products that satisfy a consumer's requirements or expectations. The use of palletizing robots in the manufacturing sectors improves efficiency and scalability to accommodate growing production and storage needs. For example, a report released in May 2023 by the Australian Bureau of Statistics, a government agency in Australia, revealed a 17.8% increase in manufacturing industry EBITDA following a 6.9% ($2.8b) rise in 2021–2022, along with a 15.2% surge in manufacturing IVA after a 0.5% ($501m) boost in 2021–2022. Additionally, manufacturing income showed a 9.4% increase from 2021 to 2022. Hence, the growing need for manufacturing is propelling the expansion of the palletizing robot market.
What Are The Main Segments Of The Global Palletizing Robot Market?
The palletizing robot market covered in this report is segmented –
1) By Robot Type: Selective Compliance Assembly Robot Arm (SCARA), Cobots, Deltas, Articulated Robots, Gantry Robot
2) By Application: Cases and Boxes Palletizing, Bags and Sacks Palletizing, Bundles Palletizing, Other applications
3) By End-Use: Discrete Manufacturing, Chemicals and Materials, Electricals and Electronics, Food and Beverages, Pharmaceutical and Healthcare, Transportation and warehousing, Other End users
Subsegments:
1) By Selective Compliance Assembly Robot Arm (SCARA): Vertical SCARA Robots, Horizontal SCARA Robots, Compact SCARA Robots
2) By Cobots: Collaborative Palletizing Robots, Mobile Cobots, Fixed Cobots
3) By Deltas: Standard Delta Robots, High-Speed Delta Robots, Heavy-Duty Delta Robots
4) By Articulated Robots: 6-Axis Articulated Robots, 7-Axis Articulated Robots, Heavy Payload Articulated Robots
5) By Gantry Robot: Single-Axis Gantry Robots, Multi-Axis Gantry Robots, Automated Guided Gantry Robots
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How Are New Trends Impacting The Size Of The Palletizing Robot Market?
Leading names in the palletizing robot market are developing and introducing cutting-edge technologies, like cobot palletizing solutions, as part of their strategy to increase their profit margins in the competitive market. The concept of a cobot palletizing solution revolves around designing a collaborative robot system specifically for tasks like stacking and organizing products on pallets. For example, Omron Corporation, an electronics company from Japan, unveiled a cobot palletizing solution named OMRON TM20 in March 2023. This solution comes with all the essential tools for managing large payloads and automating various tasks like palletizing, tending to machines, and handling materials. The OMRON TM20 robot is known for its reliability, safety features, and user-friendly design. It is designed to fit seamlessly with other Omron products including sensors, controllers, and software, enabling industrial customers to access a complete automation solution. The compact size and a reach of 1.3 meters make the OMRON TM20 suitable for multiple industrial applications. Furthermore, it's designed to be easily paired with mobile robots, thereby enhancing the solution's adaptive capabilities and productivity in industrial environments.
Who Are the Key Players In The Palletizing Robot Market?
Major companies operating in the palletizing robot market report are:
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• ABB Ltd.
• Fuji Yusoki Kogyo Co. Ltd.
• KION Group AG
• Kawasaki Heavy Industries Ltd.
• Fanuc Corporation
• Yaskawa Electric Corporation
• Krones AG
• KUKA AG
• John Bean Technologies Corporation
• Schaefer Systems International Inc.
• Premier Tech Chronos SA
• Rockwell International Corporation
• Gebo Cermex
• Bastian Solutions LLC
• Wynright Corporation
• Hamer-Fischbein
• RMH System Inc.
• Chantland MHS
• C&D Skilled Robotics Inc.
• MMCI Automation
• DAN-Palletizer A/S
• Remtec Automation LLC
• Newlong Machine Works Ltd.
• Columbia Okura
What Is The Most Dominant Region In The Palletizing Robot Market?
North America was the largest region in the palletizing robot market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the palletizing robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
