Palletizing equipment: Key market research findings
- EMEA dominates the market geographically
- Demand for chemical products fuels market growth
- Key vendors – BB, Columbia Machine, Fanuc, Kawasaki Robotics, and KUKA
Technavio’s market research analysts predict the global market for palletizing equipment to grow at a CAGR of around 4% between 2016 and 2020. The rising demand for chemical products is fueling the demand for palletizing equipment globally. Despite the economic slowdown and high prices of petroleum products, the demand for petrochemicals is growing in Asia, especially in China and India. These countries are taking steps to industrialize their economies and reduce their dependence on imports, which also helps them maintain trade balance. During 2015, the global palletizing equipment market was dominated by EMEA with a market share of around 48%. Growing foreign investments in the Middle East due to its large energy resources is expected to propel the demand for palletizing equipment in EMEA during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the palletizing equipment market based on the end-user.
“The market is currently witnessing the development for hybrid palletizers. Vendors of palletizers have introduced hybrid palletizing solutions, which merge conventional palletizers with robotics palletizers so as to meet the various demands of a production facility. Hybrid palletizer provide companies the required flexibility of a robotic palletizer with the simplicity of a conventional high-speed palletizer that can adapt to multiple packaging requirements, handle very delicate products, and facilitate quick product changeover,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
The food and beverage industry accounted for around 56% of the overall market share to become the key revenue generating segment of the global market for palletizing equipment during 2015. High flexibility is required in the field of production and packaging to respond to the thriving nature of the industry. Palletizers adjust the packaging line to cater to the current consumer dynamics. Their flexible and scalable nature helps reduce the cost of frequent modification of the packaging line.
The key vendors in the market include BB, Columbia Machine, Fanuc, Kawasaki Robotics, and KUKA. The market is highly competitive and is marked by the presence of well-diversified global and domestic vendors. Although global players are aggregating their footprint, domestic vendors are finding it difficult to compete with them, especially on the basis of features and price.
A more detailed analysis is available in the Technavio report, Global Palletizing Equipment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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