The global palletizing equipment market is forecast to grow at a CAGR of 3.91% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Increased demand of robotic palletizers will be a key trend for market growth. Conventional palletizers have dominated the market, but end-users are trying to integrate robotics palletizers in their packaging line. The conventional palletizers do not have the flexibility to handle multiple SKUs whereas the robotics palletizers can do this with minimal change in the system.
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.
- 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?
- Columbia Machine
- Kawasaki Robotics
- ABC Packaging
- Brenton Engineering
- Maschinenfabrik Möllers
- Premier Tech Chronos
- Hartness International
- Ouellette Machinery Systems
- Westfalia Technologies
- Gebo Cermex
- Yaskawa Electric
- Nachi Robotic Systems
- Thiele Technologies
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Other prominent vendors
PART 15: Appendix
PART 16: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/vnv84x/global
Related Topics: Material Handling Equipment
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SOURCE Research and Markets