Packaging Robots Market is Projected To Reach USD 4,700 million by 2024

NEW YORK - Sept. 5, 2017 - PRLog -- Huge Demand of Packaging Robots in Manufacturing Industry

With technological automation in various industries whether it is packaging industry or agriculture industry, automated machines and robots are now used in various industries in order to get maximum productivity and lesser time consumption. Some of the manufacturers are bringing latest technologies such as Optoforce, Hungary-based packaging robots manufacturer, have launched new 6-axis force/torque sensors, the robot which is equipped with a sense of touch etc. However, the packaging robots market growth (https://www.goldsteinresearch.com/pressrelease/global-packaging-robots-market-to-hit-more-than-usd-4-billion-by-2024) is restrained by certain factors such as high set up cost, lack of skilled labor force and others. The market for packaging robots globally reached USD 2,480 million in 2016 and is predicted to reach USD 4,700 million by 2024 at a CAGR of approximately 14% in forecast period i.e. 2016-2024. Regionally Asia Pacific holds the largest share on the back of rapidly developing manufacturing industry in the region. On the basis of application that comprises of picking & placing, packing and palletizing, packing segment is said to dominate the market with around 49% of share in which case packing being the highest revenue generating sub-segment in 2016.

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Market Segmentation

·        On the basis of component

o   Hardware

·        Automation and control system

·        Sensing and monitoring device

o   Software

·        Local/Web based Software

·        Cloud based Software

o   Services

·        Managed services

·        Connectivity services

·        Maintenance/Support services

·        On the basis of gripper type

o   Clamps

o   Claws

o   Vacuums

o   Others

·        On the basis of application

o   Picking and placing

o   Packing

·        Case packing
·        Tray packing
·        Filing
·        Others
o   Palletizing

·        Case palletizing
·        Bag palletizing
·        De-palletizing
·        By End User

o   Manufacturing

o   Food & beverage

o   Logistics

o   Pharmaceutical

o   Others

·        By Region

o   North America (US, Canada)

o   Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)

o   Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)

o   Latin America (Brazil, Mexico and Rest of Latin America)

o   Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)

o   Rest of the World

"Global Packaging Robots Market Outlook 2024 (https://www.goldsteinresearch.com/report/global-packaging...)" contains detailed overview of the global packaging robots market in terms of market segmentation by component type, by gripper type, by application type, by end user type.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter's five force model and SWOT analysis.

This market report also includes provides competitive outlook of some of the major players of the global packaging robots market which includes profiling of companies of ABB Limited, Krones AG, Fanuc Corporation, Schneider Electric SE, Yaskawa America Inc., Mitsubishi Electric Corporation, Bosch Packaging Technology (Robert Bosch GmbH), Brenton Engineering, Kuka Roboter GmbH, Remtec Automation LLC., Guangzhou Risong Intelligent Technology Holding , Brokk AB (SE), Durr Systems, Amada Co Ltd., FIPA GmbH, Kejie Group, Star Seiki Co, Ylog GmbH, Weiss Robotics, Suzhou GST Technology etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global packaging robots market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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