CHICAGO, April 19,
2024 /PRNewswire/ -- The robotic palletizer
market is projected to grow from USD 1.4
billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of
5.9% from 2024 to 2029 according to a new report by
MarketsandMarkets™. Rising awareness towards
workplace safety and reducing the risk of work-related injuries to
drive the market. Robotic palletizers significantly enhance
workplace safety and reduce the risk of work-related injuries and
associated costs. By automating repetitive tasks like palletizing,
businesses can redeploy their human workforce to higher-value
activities that require human skills like problem-solving, critical
thinking, and customer interaction. This allows them to optimize
their workforce and leverage human capabilities more
effectively.
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Browse in-depth TOC on "Robotic Palletizer
Market"
100 – Tables
60 – Figures
200 – Pages
Robotic Palletizer Market Report Scope:
Report
Coverage
|
Details
|
Market Revenue in
2024
|
$ 1.4 billion
|
Estimated Value by
2029
|
$ 1.9 billion
|
Growth Rate
|
Poised to grow at a
CAGR of 5.9%
|
Market Size Available
for
|
2020–2029
|
Forecast
Period
|
2024–2029
|
Forecast
Units
|
Value (USD
Million/Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
By Component, Robot
Type, Application, End-use Industry and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, and Rest of World
|
Key Market
Challenge
|
High initial investment
cost
|
Key Market
Opportunities
|
Increasing application
in small and medium-sized enterprises
|
Key Market
Drivers
|
Growing labor shortage
and need for workforce optimization
|
Collaborative robots in the robot type segment are expected
to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR
during the forecast period. Unlike traditional industrial robots
that often require physical barriers or cages to protect human
workers, cobots are equipped with advanced safety features, such as
force and torque sensors, collision detection, and speed
monitoring. These features enable cobots to operate safely in
proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market
is expected to witness highest growth rate during the forecast
period.
Pharmaceutical products are subject to strict regulations
regarding storage, handling, and quality control. Robotic
palletizers play a crucial role in providing greater precision and
consistency in palletizing tasks and minimizing the risk of
contamination within pharmaceutical manufacturing facilities. It
also reduces human intervention in the handling and stacking of
products and helps mitigate the potential for cross-contamination
and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness
the highest CAGR in the robotic palletizer market during the
forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm
system, especially in applications like robotic palletizing, where
the robot needs to interact with various objects or products. EOAT
essentially acts as the hand of the robotic arm, designed to
securely grasp, lift, and place boxes or cases onto pallets.
Overall, EOAT plays a vital role in the effectiveness of robotic
palletizers as it ensures secure handling of products, efficient
palletizing patterns, and smooth operation of the entire
system.
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North America is expected to
hold the largest share of the robotic palletizer industry during
the forecast period.
North America is home to major
automobile and retail companies, which has accelerated the demand
for robotic palletizers in this region. Additionally, the rise in
manufacturing activity, fueled by plans for reshoring and
technological improvements, has further driven the need for robotic
palletizers. In North America,
certain government funds are available to increase workplace
safety. In 2023, the Occupational Safety and Health Administration
announced a grant of approximately USD 12.7
million to 100 non-profit organizations across the nation to
provide education and training for workers and employers about
recognizing workplace hazards, injury prevention, and understanding
workers' rights and employers' responsibilities under federal law.
Businesses that use robotic palletizers may be eligible for funding
as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include
FANUC CORPORATION (Japan), KION
GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment
Company, Inc. (US), Honeywell International Inc. (US), Kaufman
Engineered Systems (US), Concetti S.p.A. (Italy), Sidel
(France), Brenton, LLC. (US), A-B-C Packaging Machine
Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated
Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A.
(Italy), Fuji Yusoki Kogyo
Co., Ltd. (Japan), HAVER &
BOECKER OHG (Germany), KHS Group (Germany), MMCI (US), Okura Yusoki Co.,
Ltd. (Japan), Rothe Packtech Pvt.
Ltd. (India), and S&R
Robot Systems, LLC. (US) are few other key companies operating in
the robotic palletizer market.
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