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The increasing trade of materials across the globe is leading to a booming logistics industry, and palletizing systems have become an integral part of the logistics industry. The goods transportation jobs entail the use of palletizing systems, which is substantially supporting the palletizing systems market. As per the evaluations of a new IndustryARC business intelligence report, the global palletizing systems market value will touch $1,784.3m by the end of 2023, and the palletizing system market size is estimated to increment at a compound annual growth rate of 4.3% during the forecast period 2018-2023.The pelletizing systems market research report provides an in-depth account of the market along with a thorough assessment of the scenario in all the regions. Furthermore, the report also offers facts, figures, and statistics, and a detailed depiction of disruptive trends, opportunities, and challenges in the palletizing systems market. The report is titled “Palletizing Systems Market: By Type (Automated and Semi-Automated); By Products (Pallet handling, Case Sealers, Automation and Robotics and others); By Industry (Automotive, Beverage, Chemical or Household products, Consumer Electronics, Food, Health and personal care, Paper products, Pharmaceutical/Medical and Others); By Geography - Forecast (2018-2023)”. This report covers pelletizing systems market Size by type and product, Animal Nutrition market share by top 5 companies and also the market share by start-ups during the forecast period.
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Palletizing Systems Market: Leading Segments
In 2017, APAC held the maximum share of the palletizing systems market, generating$485m in revenue. The region was followed by the Americas and Europe. The dominance of APAC is attributable to the profitable increase in trade of goods manufactured in countries such as China, India, Indonesia, Malaysia.
On the basis of type, the palletizing systems market is segmented into floor/low-level palletizers and high-level palletizers, which is further segmented into inline, layer palletizing, and mixed-case palletizing systems. Owing to the fact that mixed case palletizing systems offer improved productivity throughout and also minimizes the labor hours and transportation costs, their demand will grow at an estimated CAGR of 5.8% through 2023. The report also contains the segmentation of the palletizing systems market by application, technique, size, and end-user.
Palletizing Systems Market: Trends and Growth Drivers
The Growth of the Construction Industry –
There is a remarkable growth in the construction industry, particularly in Asia-Pacific, which entails transportation of cement, concrete, gypsum, mortar, lime, and others. This is leading to an increment in demand for palletizing systems.
The Application in the Food & Beverage Industry –
The transportation of flour, sugar, and rice requires palletizing systems. The food & beverage industry is a major application segment for palletizing systems.
Other Application Areas Supporting Palletizing Systems Market –
The palletizing systems market also reaps revenues from chemical, petrochemicals, and fertilizers industries.
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Palletizing Systems Market: Competitive Landscape
Some of the key companies identified in the palletizing systems market intelligence report that are striving to capitalize on the customer-base are ABC Packaging Machine Corporation, Brenton, LLC, Honeywell Intelligrated, Beumer Group, Bastian Solutions, Inc., Fuji Robots, MaschinenfabrikMollers GmbH, Haver&Boecker OHG, Premier Tech Chronos, Chantland MHS Co., Hamer-Fischbein, GeboCermex, Windmoeller&Hoelscher Corporation, Dematic, ABB, Columbia Okura LLC., Fanuc Corporation, Kawasaki Heavy Industries Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Seiko Epson Corporation, Toshiba Machine Co. Ltd., Yaskawa Electric Corporation, and KUKA AG.
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