Packaging Robot Market

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Packaging Robot Market: Expected to Witness Significant Revenue Growth Through 2026 A fresh market intelligence study by Transparency Market Research TMR projects the demand in the global packaging robot market to increment at a strong CAGR of 14.0 during the forecast period of 2016 to 2024. The report has also detected that the competition in the global packaging robot market is intense and every single prominent player is aggressive about branding strategies in order to gain ground over the competitors. The study has evaluated that the top ten players including KUKA Roboter GmbH ABB Ltd. FANUC Corporation and Yaskawa Electric Corporation accounted for 32 shares of the market in 2016. PDF Brochure For Future Advancements: As per the estimations provided by the report the global packaging robot market will be worth US5.03 bn by the end of the forecast period which is 2024 considerably up from its evaluated valuation of merely US1.67 bn in 2016. In the near future the report foresees the competitive landscape of the packaging robot market to witness a number of mergers and acquisitions and joint ventures a pattern that has been very evident in the recent past. For example in March 2016 KUKA Roboter GmbH collaborated with Huawei Technologies Co. Ltd. For research and development activities whereas Bosch Packaging Technology aligned a joint venture with Klenzaids Contamination Controls Private Limited an Indian firm. Along the same lines FANUC Corporation has increased its focus on machine learning via its partnership with Preferred Networks Inc. Get Sample PDF at: Based on end-use industries the global packaging robot market has been segmented into cosmetics and personal care food beverages pharmaceuticals chemical manufacturing tracking logistics and transport and consumer goods. While the late but very evident penetration of e-commerce in the emerging economies in Asia Pacific such as India which houses vast population the tracking logistics and transport segment is expected to gain from whereas food and beverage segments will gain from changing lifestyle of the urban population. Application-wise the report categorizes the global packaging robot market into picking packing including tray and cases and palletizing including bag palletizing case palletizing and de-palletizing. In 2016 picking packaging robot segment accounted for 39 of the demand which was a reflection of increasing consumption of consumer products and food and beverages as a result of changing lifestyles among the urban population.

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