Reliable Data You Can Trust
Reliable Data You Can Trust
The report on global packaging
robot market provides qualitative and quantitative analysis for the period of
2015 to 2023. According to the report the global packaging robot market is
projected to reach USD 4.97 billion by 2023, growing with a CAGR between 13.8%
to 14.1% from 2017 to 2023. The global packaging robot market was worth USD
1.54 billion in 2015.
Figure 1:
Global Packaging Robot Market by Value 2015 - 2023
Market Insights
The report identified that the
packaging robot market is driven by factors such as, growing demand for
packaging robot from various end use industries, high accuracy, and superior
efficiency of packaging robots. On the other hand, the restraining factors
identified in the study include lack of skilled labour, huge initial capital
investment.
Growth of the global robotic
industry and continuous growth in e-commerce and retail sector in the Asia
Pacific provide opportunity for major players in the emerging and developing
economies. Improving the awareness about robot packaging for products among
general public in non-developed markets is a challenge for the major players to
expand further during the forecast period.
Segments Covered:
The report segments the packaging
robot market on the basis of application, gripper type, end-use industries and
region. The market size of each segment has been provided in terms of value
(USD) and volume (tons). The market segments, by application include picking,
packing and palletizing. The market segments by gripper type claw, clamp,
vacuum, and other. The market segments, by end-use industries include food and
beverages, pharmaceuticals, consumer products, tracking and logistics,
industrial packaging, chemicals, electronics devices and others.
Geographic Coverage and Analysis:
The report provides regional
analysis covering geographies such as North America, Europe, Asia-Pacific, and
Rest of the World. In this section the key trends and market size for each
geography is provided over the period of 2017 – 2023.
Figure 2: Global Packaging Robots Market by Region
Asia Pacific is the key consumer
of the packaging robots in the global market. As of 2015, this region accounted
for about 32% share in the global market. Europe accounted for 28% of the
global share followed by North America at 27%. High demand from countries such
as Japan, India and China enhance the growth of the Asia-pacific packaging
robots market. Moreover, emerging economies across APAC region expected to be a
factor for growth during forecast period.
Companies Profiled:
The companies covered in the
report include 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, and
Remtec Automation LLC.
Report Highlights:
The report provides deep insights
on demand forecasts, market trends and micro and macro indicators. In addition,
this report provides insights on the factors that are driving and restraining
the demand of packaging robots globally as well as regionally. Moreover,
IGR-Growth Matrix analysis given in the report brings an insight on the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter’s five
forces analysis and DRO analysis of packaging robots.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the packaging robots market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market strategies of the leading players. This report will help manufacturers, suppliers and distributors of the packaging robots market to understand the present and future trends in this market and formulate their strategies accordingly.
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