The robotic palletizing systems is forecasted to grow at a high rate owing to the accelerating demand from emerging economies. The Global Robotic Palletizing Systems Market was valued at US$ 1,623.5 Mn in 2020 is expected to reach US$ 3,413.46 Mn by 2027, with a growing CAGR of 12.0 % during the forecast period (2021-2027).
The major factors driving the robotic palletizing systems growth are increasing use of robotics to improve efficiency and reducing costs. A robotic palletizer is an equipment that allows items and products to be stacked automatically. It also enables products to be depalletized or unloaded. For sectors that use the manual workforce for repetitive tasks like loading and unloading items, packaging, and palletizing. Additionally, robotic palletizers offer a realistic way to cut operational costs and enhance job efficiency.
Moreover, by Type, Layer Palletizing systems have been widely used in packaging of deep-frozen products in the food market and have been witnessing increased demand from the United States and European food and beverages manufacturers in the recent years. The major factor for choosing this palletizing system is a long storage life it offers in low temperature atmosphere (-30 degree Celcius) that is required for deep freeze products. Robotic palletizers are used in packaging industry as well, Moreover, the pails are used for packing liquids from the food, chemical, and pharmaceutical industries. The paint industry is one of the prominent users of pail palletizers and with the increasing infrastructure and construction markets the demand for pail palletizers is increasing steadily.
However, high costs associated with the maintenance & operations of robotic palletizers across the emerging economies may hamper the industry growth. The additional costs that are added during the installation of robotic palletizer systems are conveyors for moving boxes towards the robots, pallet dispenser, tire sheet track, and sensors of safety fencing. The robotic software and controllers further increase the cost of the installing palletizing systems. Moreover, the small and medium-size industries, which are increasingly growing with the support of governments across geographies find it difficult to make use of robotic palletizing systems owing to their high costs. These SMEs are one of the crucial parts of a country's economy and they tend to opt for the leasing option.
Global Robotic Palletizing Systems by Region Outlook (Revenue, USD Million, 2021-2027)
In terms of geography, the Asia Pacific is the fastest growing region for robotic palletizing systems solutions. China robotics palletizing systems production was around 859 units in 2014 and reached 1,615 units by 2019. The growth rate was observed between 11-15% during this period. The region has large number of players operating in the robotic palletizing segment. China contributes the largest market share in the global market in terms of production volume. Additionally, in the US, New installations of industrial robots slowed down in the United States in 2019. Major robots in the region are imported from Japan and China, as there are few robotic palletizing system manufacturers in the region. Nonetheless, the region has presence of large number of robot system integrators.
The Global Robotic Palletizing Systems Industry Segmentation:
Global Robotic Palletizing Systems by Type Outlook (Revenue, USD Million, 2021-2027)
Global Robotic Palletizing Systems by Application Outlook (Revenue, USD Million, 2021-2027)
Key Findings:
Company Profiles and Competitive Intelligence
The key players operating in the market are:
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