Global Palletizing Equipment Market to grow at a CAGR of 3.91% during the period 2016 - 2020; Finds New Report

Report forecast the global palletizing equipment market to grow at a CAGR of 3.91% during the period 2016-2020.

Palletizers are used to load and unload finished products on the pallet in a specific pattern. These machines can easily handle any objects like bags, crates, drum, and cases. Automatic palletizers can either be semi-automated or fully automated. Fully automated palletizers do not require any operator intervention and can operate independently. They are also classified as conventional and robotic palletizers. These machines are commonly used in industries such as food and beverage, pharmaceutical, personal care or cosmetics, consumer durable, and chemicals.

The report covers the present scenario and the growth prospects of the global palletizing equipment market for 2016-2020. To calculate the market size, the report considers revenue generated from sales of palletizers to the food and beverage, pharmaceutical and personal care, chemical, and other end-user industries.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, recovery of US economy will be a key driver for market growth. The US economy is recovering after six years of major recession. The unemployment rate has declined, the wage growth rate is increasing, and public spending has increased in the country. The reduction in oil and gas prices will also bring down the cost of electricity. Thus, the additional savings coupled with reduced electricity prices will motivate people to increase their usage of electricity. The availability of easy and low credit interest rates has propelled the demand for goods and services. This will propel the growth of the manufacturing sector, which will also increase production. The favorable working conditions in the country attract companies who have set up their production plants outside the US to return. All the above factors will lead to increased demand for on time packaging and faster tact time for product delivery.

Further, the report states that one of the challenges for the market will be reluctance of industries in emerging economies to migrate to latest technology. Many organizations across the industries especially in developing countries such as India, China, and Brazil, find it difficult to migrate from the manual way of stacking the SKUs on pallets to the latest technology because issues related to interoperability and compatibility with the existing systems may arise during the migration process. In addition, end-users are concerned about losses incurred by downtime, which usually continues after post implementation. Migration to the latest technology is an expensive process that requires skilled personnel and equipment. This significantly affects the adoption of automated palletizers.

Global Palletizing Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global palletizing equipment market: ABB, Columbia Machine, Fanuc, Kawasaki Robotics, and KUKA.

Other Prominent Vendors in the market are: American-Newlong, ABC Packaging, ARPAC, BEUMER, Brenton Engineering, Krones, Maschinenfabrik Möllers, Schneider, Premier Tech Chronos, Hartness International, Ouellette Machinery Systems, Westfalia Technologies, Gebo Cermex, Yaskawa Electric, Nachi Robotic Systems, and Thiele Technologies.

Market driver

• Need for palletizers to cater increased demand
• For a full, detailed list, view our report

Market challenge

• Reluctance of industries in emerging economies to migrate to latest technology
• For a full, detailed list, view our report

Market trend

• Development of hybrid palletizers
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 64 pages and 24 Exhibit “Global Palletizing Equipment Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Other prominent vendors, Appendix.

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