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Based on application, Packaging Robot Market is categorized into de-palletizing or palletizing, cartooning, labeling

Author : Ronak Bora | Published Date : 2019-03-27 

On the basis of application, Packaging Robot Market can be categorized into de-palletizing or palletizing, cartooning, labeling, case/tray packing, inspection or detection and conveying or placing. Conveying or placing can be further segregated into cross belt, collation, parallel or inline.

Packaging robot market is expected to witness substantial growth and is expected to grow at over 9% CAGR from 2016 to 2023. Rapid industrialization is forecast to drive the industry over the next seven years.

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Global industrial robotics market is forecast to be valued at over USD 70 billion by 2023. Logistics service robotics market size is set to exceed USD 650 million by 2023, with over 12% CAGR expectations.

Escalating number of manufacturing industries around the globe is predicted to propel global packaging robot market growth from 2016 to 2023. Swift urbanization accompanied by increase in disposable income is projected to increase the demand for digital labeling as well as packaging. Various industries such as sports, healthcare, and FMCG are forecast to have massive growth impact on the industry from 2016 to 2023. FMCG industry is anticipated to lead revenue share in the coming years.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

  • Denso Robotics
  • Motoman
  • Intelligent Actuator
  • Panasonic
  • AFAST Robotics
  • A-B-C Packaging Machine
  • BluePrint Automation
  • Bosch Rexroth
  • Fuji Yusoki Kogyo
  • Okura USA
  • Yamaha Robotic
  • Epson Robots

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Packaging robot market can be segmented on the basis of application, output, product type, and end-use industry. Based on product type, the industry mainly includes six axis, four axis, SCARA, gantry, and delta. Articulated robots find considerable application in the packaging industry.

Asia Pacific packaging robot market is projected to experienced significant growth prospects. This can be attributed to rapid industrialization across various nations such as China, India, and South Korea. China is predicted to witness attractive growth opportunities in terms of revenue and potential installation rates in the region. Japan is also anticipated to exhibit high growth potential.

U.S. packaging robot market size is likely to continue its dominance over the forecast period. European industry growth can be dedicated to presence of large number of diversified industries.

Browse Full Report: https://www.gminsights.com/industry-analysis/packaging-robot-market

Industry participants accumulating substantial packaging robot market share include Adept Technology, Fanuc, Yaskawa Electric America, and KUKA Robotics. Some other prominent stakeholders are Denso Robotics, Motoman, Intelligent Actuator, Panasonic, AFAST Robotics, A-B-C Packaging Machine, BluePrint Automation, Bosch Rexroth, Fuji Yusoki Kogyo, Okura USA, Yamaha Robotic, as well as Epson Robots.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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