VALLEY COTTAGE, New York, August 8, 2018 /PRNewswire/ --
An important part of a manufacturing plant's palletizing process, conventional and robotic palletizers have witnessed augmented adoption in recent years. The global palletizers market is estimated to reach a total market valuation of US$ 3.4 Bn by 2028, according to a new market analysis by Future Market Insights (FMI). Over the forecast period of 2018-2028, the global palletizers market is expected to grow at a modest CAGR of 4.9%, with 40,799 units likely to be sold by 2028. FMI has also studied various drivers and trends pushing the global palletizers market.
Though conventional palletizers are estimated to account for higher global sales, robotic palletizers are estimated to witness increased adoption through 2028. APEJ followed by Eastern Europe is anticipated to dominate the global palletizers market. FMI has also analyzed the demand and trends scenario of the global market for palletizers.
Not just manufacturing plants, palletizers are being increasingly adopted in warehousing facilities to serve complex orders in minimum time. Palletizers are incorporated in the automation processes to arrange various kinds of stock keeping units (SKUs) vertically such as cases boxes, crates, and bundles.
System Advancements to Augment Palletizer Adoption among Small Manufacturers
Technological advancements in palletizers has significantly reduced the involvement of the humans in the process of palletizing and minimized the probability of errors in material handling. The palletizers are characterized in the global market majorly by the load handling capacity, operating range or maximum palatable height, maximum operating speed, level of technology involved to reduce human involvement, and floor space occupied by the machine. With dropping prices of robotic palletizers along with evolving technology, palletizer vendors are targeting small scale manufacturers.
"The beverage industry is estimated to dominate the global palletizers market. Pharmaceutical industry is projected to create highest incremental opportunity while building and construction industry is expected witness elevated palletizers adoption in the coming years. Moreover, anthromorphic robotic palletizers and high-level conventional palletizers are estimated to account for high penetration in the global palletizers market"- Principal Analyst, Future Market Insights
Consumer Preference Shifting Towards More Versatile Articulated Robotic Palletizers
Low space consumed by the articulated robotic palletizers have attracted large number of target end-users as opposed to gantry palletizers and conventional palletizers, which occupy much larger space. Various global robot manufacturing companies such as ABB Technologies, KUKA and FANUC are continuously making efforts to enhance the load handling capability and pace of operation in order to be applicable where conventional palletizers are preferred due to their heavy load handling capability at high speed.
Wireless and AI-Powered Palletizers Anticipated to Reinvent Palletizing Process
Robotic palletizers are being increasingly equipped with new technology-the latest addition being artificial intelligence. AI-powered robotic palletizers are capable of learning actions that are once performed on the machine and implement desired changes on its own. Such systems in the palletizers market reduces the probability of error that can be made in the input by an operator, further eliminating the chances of goods mishandling. Moreover, the system eliminates the requirement highly detailed input to the machine and tune several parameters on its own with high precision.
Moreover, manufacturers in the palletizers market are focused on developing the palletizing systems that can be accommodated in the wireless facilities. This development is picking up pace in North America and Western Europe palletizers market where the rate of adoption of advanced technology is extremely high and the manufacturing facilities are aiming for the highest possible automation for enhanced productivity.
In terms of forward market strategies, key player like ABB Technologies, KUKA, FANUC, Fuji Robotics, Columbia, and Kion Group among others are likely to focus on product innovation, expansions, and partnerships and acquisitions to expand their product portfolio and geographic foothold. To cater to the increasing demand from a diverse set of industries, leading manufacturers are channelizing resources towards ramping up their existing production capacities.
To know more about key strategies adopted by manufacturers to cater to the escalating demand for palletizers, write to the expert analysts of FMI at email@example.com
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.