The palletizing robots market is expected to grow significantly in the coming years. The major factor driving growth of the market are growth of the e-commerce industry as well as increasing automation in the industrial sector.
The palletizing robots market is segmented on the basis of product type, end-use verticals and region.
On the basis of product type, the global palletizing robots market is segmented into bag palletizing, case palletizing and de-palletizing. The case palletizing segment currently accounts for a major portion of the global palletising robot market and is expected to lose share to the other segments in the near future. This is primarily due to growing adoption of the other product type segments in the food and beverage industry.
On the basis of end use, the global palletizing robots market is segmented into food and beverage, pharmaceuticals, consumer products, industrial packaging and logistic industry. Currently, food and beverages segment accounts dominates the global palletising robots market due to the early adoption of the technology. In addition, this segment is expected to grow at a high CAGR during the forecast period.
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On the basis of region, the global palletizing robots market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Currently North America palletizing robots market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period, due to growing adoption in countries such as US in this region. However, the demand for palletising robots in Asia Pacific is expected to register highest CAGR in the next five years due to increasing automation in their supply chains.
Key players in the global palletizing robots market include ABB Limited, FANUC Corporation, Mitsubishi Electric Corporation, Krones AG, KUKA AG, Brenton, LCC, Remetec Automation, LLC, Dan-Palletisers AS, Beumer Group, and Yaskawa Electric Corporation.