Artificial Intelligence in Palletizers has Propelled the Global Palletizers Market
The key driving factor propelling the demand for palletizers globally is the continuously advancing technology for the palletizing systems and increasing availability of economical palletizers. The global palletizers market is projected to expand with a CAGR of 4.9% by the end of 2028.
On the basis of Machine type, the palletizers market is segment into conventional palletizers and robotic palletizers. The conventional palletizers are further sub-segmented into low-level palletizers and high-level palletizers. The robotic palletizers are further sub-segmented into anthromorphic and gantry.
With increasing price of industrial land area, the requirement of efficient storing and setting up a facility have also increased. For handling large volume of material, material handling equipment are preferred to achieve high productivity. Along with manufacturing facilities, palletizers are often required at warehousing facilities to serve complex orders efficiently in minimum lead time. Palletizers are capable of handling very high load which is not feasible in manual palletizing, at high speed and with minimum probability of mishandling of the material. Continuous developments introduced in the palletizers have resulted in low floor space consumption and highly productive operations.
Conventional palletizers are equally productive when compared to robotic palletizers, which is in terms of load handling capability and speed of palletizing. The economic price of the conventional palletizers is the winning imperative that has driven the conventional palletizers market. High-level and low-level palletizers differ on the basis of functioning. The high-level palletizers are estimated to account for more than half of the conventional palletizers market share. This sub-segment is basically driven by the technological advancements introduced in the high-level palletizers resulting into higher operating speed. On the other hand, the low-level palletizers are basically preferred for the very high load handling applications. Huge availability of conventional palletizers at economic prices has served the large requirement of high output manufacturers, as well as low output manufacturers, leading to a market share of around half of the global palletizers market.
Robotic palletizers has attracted a large number of end-user industries leading to a high growth rate of the segment. Furthermore, the anthromorphic robotic palletizers has higher market share as well as higher growth rate as compared to gantry palletizers. The key driving factor for the anthromorphic robotic palletizers is the much less space required by the system. The demand for robotic palletizers is increasing due to the declining prices for the highly advanced technology. The probability of any accident or mishandling of materials with the implementation of robotic palletizers is very low as compared to conventional palletizers. The global leaders in the robotics industry such as ABB Ltd., Fanuc and Kuka Group have observed large incremental opportunity in the palletizers market and have developed several robotic palletizing solutions.
Several advancements such as implementing artificial intelligence in the robotic palletizers has enhanced the system’s operational capability. Despite several developments, the conventional palletizers have shown higher productivity by handling very high loads at high speed which is difficult to achieve with a robotic palletizers. Mixed-case palletizing capability has enhanced the stability of the pallet by arranging differently sized cases in a stable form. Also, mixed-case palletizers can arrange bags in a pattern which results into high stability for the pallet. With the enhanced stability of the pallet, the floor space required to store the volume of material is greatly reduced. The key players in the market have developed palletizers which can be accommodated in the industry 4.0 standards. All these technological developments have reduced the impact of various restraints on the demand for palletizers.
Detailed profiles of companies are also included in the report to evaluate their strategies, key product offerings and recent developments. The key players of the global palletizers market are Premier Tech Chronos Ltd., ABB Ltd., FANUC Corp., Kion Group, Kuka Group, Honeywell International Inc., Okura Yusoki Co., Ltd., Columbia Machine, Inc., Fuji Yusoki Kogyo Co., Ltd. and Concetti S.P.A.
MRRSE offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.Get A Free Custom Research Quote