Global Packaging Robots Market Overview:
Packaging robots is defined as an extremely flexible and easy to integrate into a workspace. The advantages include reduced part of package time and has the ability to lift larger packages and help in labor cost reduction. A robot can complete any packaging process. Large number of robots with different sizes, mounting options, payload and reach available to choose from. Further, an Escalating number of manufacturing industries and swift urbanization around the globe is predicted to propel global packaging robot market growth.
Growth Drivers
- Rapid Urbanization along with increasing Disposable Income
- Increasing Number of Manufacturing Industries
- Availability of Low-cost Packaging Robots
- Increased usage of Robots for Maximum Efficiency
Roadblocks
- High Cost and Shortage of Skilled Trained Professionals
Opportunities
- High Accuracy, Reduced Production Damage, Superior Efficiency, and Tireless Functioning of Packaging Robots
Challenges
- Implementation Cost of Packaging Robots
Competitive Landscape:
Some of the key players profiled in the report are ABB (Switzerland), Fanuc Global (Japan), Apex Automation and Robotics (Australia), KUKA Robotics (Germany), Yasakawa Electric Corporation (Japan), Adept Technology Pvt. Ltd. (United States), Brenton Engineering (Egypt), Joseph L. Souser (United States), Flexicell (United States) and Schneider Electric SE (France). Additionally, following companies can also be profiled that are part of our coverage like A-B-C Packaging Machine (United States), AFAST Robotics (United States), BluePrint Automation (Netherlands) and Bosch Rexroth AG (Netherlands). Considering Market by End users, the sub-segment i.e. Food and Beverages will boost the Packaging Robots market. Considering Market by Grippers Type, the sub-segment i.e. Clamps will boost the Packaging Robots market. Considering Market by Component, the sub-segment i.e. Hardware [Automation and control system will boost the Packaging Robots market.
Latest Market Insights:
Robotics investments in January 2019 totaled at least USD 644 million worldwide, with a total of 25 robotics transactions.
In May 2019, Amazon has been experimenting with a new type of automated packaging robot that can 3D scan the goods included in an order as they travel down a conveyor belt. Those goods are then placed in a custom-size box the robot creates that's perfectly sized to fit. Each robot packer can handle up to 700 orders per hour, and unlike their human counterparts.
February 2018, RobotWorx is officially an RIA Certified Robot Integrator. This RIA certification offers customers peace of mind for choosing a robot integrator. It validates technical and robot safety acumen, emphasis on customer service, top-quality new and reconditioned robotic products, as well as excellence as an integrator. and In order to maintain competency, the certification has been approved, all integrators are required to complete a robot risk-assessment, in accordance with: ISO 10218, RIA R15.06, CSA Z434 on every robot installation that is built.
What Can be Explored with the Packaging Robots Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Packaging Robots Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Packaging Robots
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Packaging Robots market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Packaging Robots market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Packaging Robots Manufacturers, Industry Associations, Potential Investors, Downstream Vendors, Marketing and Consulting firms, Government and Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.