Global Palletizing Equipment Market 2017-2021
About Palletizing Equipment
The palletizing process is a part of material handling. The palletizing equipment stacks or places cases of products onto a pallet. Manual palletizing process is expensive and time consuming due to the involvement of labourers to carry out the process of palletizing. Hence the need for automated palletizers is gaining traction in the market. The growth in the various manufacturing sectors will result in the shift from manual to automated systems like palletizers.
Technavio’s analysts forecast the global palletizing equipment market to grow at a CAGR of 4.14% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global palletizing equipment market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Palletizing Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global palletizing equipment market: ABB, Columbia Machine, FANUC, Kawasaki Robotics, and KUKA.
Other Prominent Vendors in the market are: American-Newlong, ABC Packaging, ARPAC, BEUMER Group, Brenton Engineering, Krones, Maschinenfabrik Mollers, Schneider, Premier Tech Chronos, and Hartness International.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Demand for hybrid palletizers. Hybrid palletizers include the integration of conventional and robotic palletizer functionalities in a single system. These help in combining the strengths of both types of palletizers in a single system. The system will have the flexibility and repeatability of robotic palletizers and the speed and reliability of conventional palletizers.
According to the report, one of the major drivers for this market is Growing demand in various industries. The economic progress and expanding middle class segment in various developing countries have triggered growth in the various end-user segments in the food and beverages industry, pharmaceutical and personal care industry, chemical industry, and various other industries. For example, the global packaged food industry is expected to grow by more than $3 trillion in 2021, growing at a CAGR of around 5% during the forecast period. The growing demand in various industries have led to increment in production scale by expanding their production plants and units.
Further, the report states that one of the major factors hindering the growth of this market is Reluctance of industries to migrate to latest technologies in developing countries. Many companies across various industries in the developing nations like India, China, and Brazil have been following the manual method of stacking products on to pallets. The existence of cheap labour force in these countries lead to more reliance on man force rather than the adoption of new and expensive technologies.
ABB, Columbia Machine, FANUC, Kawasaki Robotics, KUKA, American-Newlong, ABC Packaging, ARPAC, BEUMER Group, Brenton Engineering, Krones, Maschinenfabrik Mollers, Schneider, Premier Tech Chronos, and Hartness International.
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