Global Palletizer Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope
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.

Sizing and Forecast
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%.  The growth in the historic period can be attributed to transformed manufacturing with mechanization and mass production, facilitated global trade and resource exploitation, the continued growth of megacities and smart city initiatives, introduced computers and the internet, revolutionizing information access and increased interconnectedness of 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 revolutionizing industries with automation and data analysis, influencing resource demand and urbanization trends, affecting global power dynamics and economic policies, continuous innovation in biotech, nanotech, and quantum computing, and driving the shift towards sustainable and renewable energy sources. Major trends in the forecast period include an emphasis on eco-friendly practices and green technologies, widespread adoption of digital tools and platforms across sectors, spurred technological advancements and geopolitical shifts, advances in personalized medicine and telehealth services, and an increase in remote work and gig economy models.

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Segmentation & Regional Insights
The palletizer market covered in this report is segmented –
1) By Type: Robotic Palletizers, Conventional Palletizers, Automated Palletizers, Manual Palletizers
2) By Product Type: Bags, Boxes And Cases, Pails And Drums, Other Product Types
3) By Technology: Vacuum Palletizers, Layer Palletizers, High-Level Palletizers
4) By Application: Food And Beverage, Pharmaceuticals, Consumer Goods, Building Materials, Chemicals, Other Applications

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The palletizer market report table of contents includes:
1. Executive Summary
2. Palletizer Market Characteristics
3. Palletizer Market Trends And Strategies
4. Palletizer Market - Macro Economic Scenario
5. Global Palletizer Market Size and Growth
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32. Global Palletizer Market Competitive Benchmarking
33. Global Palletizer Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Palletizer Market
35. Palletizer Market Future Outlook and Potential Analysis
36. Appendix