• 2017 palletizing machinery market forecast: $706.74 million
• Robotic palletizing gaining market share; particularly in food sector
• Notable trends: mixed-load palletizing and Human Machine Interface (HMI) controls
Strong economic growth in developing markets and gradual recovery within the developed economies bode well for the palletizing machinery market, which is expecting to see revenue figures of over $706 million by 2017. Palletizing machinery is used by a range of markets, many of which are subject to stringent regulations regarding health and safety, according to a new report available from Companies And Markets entitled "Palletizing Machinery: A Global Strategic Business Report."
Palletizing machinery is just one segment of the packaging machinery market, which also includes closing, filling, form-fill-seal and wrapping machinery. The palletizing market is analyzed by the following segments: Bulk Palletizers (used for bottles and canned products; growing rapidly at over 4 percent CAGR), Case Palletizers (for handling solid packages; largest segment) and Other Palletizers.
Robotic palletizing equipment is increasingly popular as it allows business to minimize labor costs and fulfill health and safety obligations, particularly in terms of heavy lifting activities.
The U.S. dominates the palletizing machinery market, although from a regional perspective it is Europe which holds the largest share. The fastest growing market is that of Asia-Pacific, forecast to grow at 6 percent CAGR to 2017. The more mature developed markets will exhibit sluggish growth over the reporting period, while the emerging economies of the Middle East, Asia and Latin America will see strong expansion, as a result of regional industrial expansion and overseas investment.
More than 250 companies are profiled within the palletizing machinery research report, such as: American-Newlong Inc., Brenton Engineering Co., Columbia/Okura LLC, FANUC Robotics America Inc., Kawasaki Robotics Inc., KUKA Roboter GmbH, Motoman Inc., Newtec Intl., Priority One Packaging Ltd., StrongPoint Automation Inc., TopTier Inc., vonGAL and Westfalia Technologies Inc.
Published in August 2011, the 667-page study examines the world palletizing machinery market for the period 2003-2017. The market is analyzed end-user industry: Petrochemicals, Food & Beverages, and Other Industries; as well as by geography: Information and data is split by geography: U.S., Canada, Japan, Europe, France, Germany, U.K., Italy, Spain, Rest of Europe, Asia-Pacific and Middle East.
Click here for report details.
Source: Companies and Markets