Palletizer Global Market Report 2024

A palletizer is a machine utilized in industrial environments to automatically arrange and stack products onto pallets for transportation or storage. This automation enhances efficiency and safety by reducing manual labor and the associated injury risks. Palletizers are capable of handling a variety of product types, including boxes, bags, and bottles, in a methodical and precise manner.

There are several types of palletizers available, including robotic palletizers, conventional palletizers, automated palletizers, and manual palletizers. Robotic palletizers utilize robotic arms to stack and organize products onto pallets with high accuracy and efficiency. They are employed across diverse sectors such as food and beverage, pharmaceuticals, consumer goods, construction materials, chemicals, and others, accommodating product types such as bags, boxes, cases, pails, drums, and more. Technologies employed include vacuum palletizers, layer palletizers, and high-level palletizers.

The palletizer market research report is one of a series of new reports that provides palletizer market statistics, including palletizer industry global market size, regional shares, competitors with a palletizer market share, detailed palletizer market segments, market trends and opportunities, and any further data you may need to thrive in the palletizer industry. This palletizer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The palletizer market size has grown strongly in recent years. It will grow from $2.58 billion in 2023 to $2.72 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. In the historical period, growth was driven by advancements in manufacturing through mechanization and mass production, the expansion of global trade and resource utilization, the rise of megacities and smart city initiatives, and the introduction of computers and the internet, which transformed access to information and interconnected economies, cultures, and political systems.

The palletizer market size is expected to see strong growth in the next few years. It will grow to $3.37 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to the transformation of industries through automation and data analysis, impacting resource demands and urbanization trends, and influencing global power dynamics and economic policies. Ongoing innovations in biotechnology, nanotechnology, and quantum computing will drive the shift towards sustainable energy sources. Key trends in this period include a focus on eco-friendly practices and green technologies, the widespread integration of digital tools and platforms across industries, accelerated technological progress alongside geopolitical changes, advancements in personalized medicine and telehealth services, and the rise of remote work and gig economy models.

Increasing demand for automation is expected to propel the growth of the palletizer market going forward. Automation refers to the utilization of technology and machinery to perform tasks and processes with minimal human intervention, aiming to streamline operations, increase efficiency, and reduce manual labor. The demand for automation is rising due to the need for increased efficiency, cost reduction, and improved accuracy in various industries. Automation in palletizers involves the integration of robotic systems to efficiently stack and arrange goods onto pallets, reducing manual labor and increasing throughput in warehouse and distribution operations. For instance, in September 2023, according to the International Federation of Robotics (IFR), a Germany-based professional non-profit organization, 553,052 industrial robot installations had been registered in companies around the world, representing a 5% annual growth rate in 2022. Therefore, increasing demand for automation is driving the growth of the palletizer market.

Major companies operating in the palletizer market are focusing on developing advanced automated solutions, such as AI-based robotic palletizers, to enhance efficiency, flexibility, and accuracy in palletizing processes, meeting the evolving demands of modern production environments. AI-based robotic palletizers are advanced palletizing systems that utilize artificial intelligence to enhance the precision, flexibility, and efficiency of stacking products onto pallets. For instance, in March 2023, Omron Corporation, a Japan-based electronics company, launched a new cobot palletizing solution designed to simplify and speed up the programming of palletizing applications. The solution is built on OMRON's NX1 series modular machine controller with a specialized Palletizing Function Block, which enables quick and easy setup of various pallet patterns. This PLC-based cobot palletizing solution aims to reduce programming time and make it easy for operators to make changes.

In May 2023, Bobst Group SA, a Switzerland-based machinery company, acquired a 70% stake in Dücker Robotics Srl. This strategic acquisition is expected to enable BOBST to develop innovative automated machinery and further strengthen its leadership in the printing and converting industries. Dücker Robotics Srl is an Italy-based company that manufactures robots for both loading and palletizing.

Major companies operating in the palletizer market are DENSO Corporation, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., FANUC CORPORATION, Krones AG, KUKA AG, BEUMER GROUP, Armstrong, Sidel, Premier Tech Ltd., Douglas Machine Inc., Columbia Machine Inc., Serpa Packaging Solutions LLC, Schneider Packaging Equipment Company Inc., Kaufman Engineered Systems, Brenton LLC, Concetti S.P.A, Magnum Systems Inc., MMCI Automation, A-B-C Packaging Machine Corporation, Alligator Automations, Kawasaki Heavy Industries Ltd., KION GROUP AG, Brillopak Ltd., Okura Yusoki Co. Ltd., Fuji Robotics Americas, S&R Robot Systems LLC.

North America was the largest region in the palletizer market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the palletizer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the palletizer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The palletizer market consists of sales of conveyors, robotic arms, grippers, inline palletizers, and mixed-case palletizers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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