The global palletizing robots market is expected to reach a value of US$ 1,476.8 Mn in 2022. Sales prospects in the market are expected to expand at a healthy 5.0% CAGR, surpassing US$ 2,405.5 Mn by 2032. Growth in the market is attributed to the advent of automation and robotics in packaging and other diverse industries.
East Asia is anticipated to be a significant market regionally and to grow at a significant rate, generating significant additional opportunities by the end of 2032. However, throughout the forecast period, North America is anticipated to experience growth in the palletizing robots market at a CAGR of 4.5%. (2022-2032).
Robots that can palletize items also offer flexibility and the ability to palletize various stock-keeping units with little change over time. Over the coming decade, it is anticipated that this will accelerate the adoption of palletizing robots in the packaging and food and beverage industries. According to the study, the global industrial robotics market for palletizing robots is anticipated to generate sales of between 4% and 7%.
The palletizing robot market expanded historically between 2014 and 2021 at a CAGR of 4.5%, according to Future Market Insights (FMI). According to the current forecast, sales of palletizing robots are expected to increase between 2022 and 2032 at a CAGR of 5.0%.
The rapid adoption of automation in the packaging industry and the production line in the manufacturing sectors are the main drivers of market growth. Robots used for palletizing are programmed to carry the heavy loads typical of the industry, avoiding monotonous work.
Robotic palletizers do away with the need for employees to physically stop working to load pallets. Additionally, this technology reduces the issues that lead to workplace accidents, such as exhaustion, distraction, harm, and the results of strenuous, repetitive exercise.
The U.S. is projected to hold more than 70% of the market for palletizing robots in North America in 2022. By 2032, the market for industrial palletizing robots in the US is anticipated to expand at a 9.0% CAGR.
The primary market driver for palletizing robots is anticipated to be growth in the food and beverage sector brought on by increasing e-commerce retail sales in the United States. With growing consumption of processed food coupled with increasing exports is improving the demand for palletizing robots in the U.S.
In the East Asian palletizing robots market, China is predicted to hold a market share of about 40%. According to FMI, China is now the largest e-commerce market in the world, outpacing both the United States and Europe.
According to a study, there will be 782.4 million online shoppers in 2020, up from 610.1 million in 2018. In 2020, the manufacturing and industrial sectors in China accounted for almost 38% of the country’s GDP. To increase productivity and efficiency in the manufacturing sector, many manufacturers are also automating and streamlining their manufacturing processes.
Additionally, the European food and beverage industry is subject to various EU and national regulations on nutrition, health, safety, innovation, and food imports and exports. This is also pushing the adoption of automated technology in the food and beverage industry, resulting in increased sales in the market. On the back of these factors, Germany is expected to account for the market share of 25% in the Europe market by 2032.
The growth of e-commerce is anticipated to boost the use of robotic palletizers & de-palletizers in the distribution centers. The segment is likely to witness growth at a CAGR of 6.0% during the forecast period. The factories segment held around 50% of the market share in 2020. The integration of robotic palletizing systems improves employee ergonomics.
Key Players:
- ABB Ltd
- Mitsubishi Electric Corporation
- Kawasaki Heavy Industries, Ltd
- FANUC Corporation
- Yaskawa Electric Corporation
- KUKA AG
- Krones AG
- Brenton, LLC
- Remtec Automation, LLC
- DAN-Palletiser A/S.
- Others
