Connect with us

Technology

Robotic Palletizer Market to Grow by USD 1.57 Billion (2024-2028), Driven by Automation in Material Handling, AI-Powered Report Highlights Market Transformation – Technavio

Published

on

NEW YORK, Nov. 13, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global robotic palletizer market size is estimated to grow by USD 1.57 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.72% during the forecast period. Automation of material handling operations to reduce labor requirement is driving market growth, with a trend towards rise in adoption of industrial internet of things (IIOT) technology in robotics. However, high cost of deploying and maintaining automation systems poses a challenge.Key market players include ABB Ltd., ABC Packaging Machine Corp, Armstrong, Concetti S.p.a, DENSO Corp., Duravant LLC, FANUC Corp., Fuji Yusoki Kogyo Co. Ltd, Illinois Tool Works Inc., Kawasaki Heavy Industries Ltd., Krones AG, KUKA AG, MMCI Automation, Okura Yusoki Co. Ltd., Premier Tech Digital Ltd., Schneider Packaging Equipment Co Inc, Serpa Packaging Solutions LLC, Staubli International AG, Universal Robots AS, and Yaskawa Electric Corp..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Food and beverage industry, Ecommerce and logistics industry, Healthcare industry, Retail industry, and Others), Type (Articulated robots and Collaborative robots), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

ABB Ltd., ABC Packaging Machine Corp, Armstrong, Concetti S.p.a, DENSO Corp., Duravant LLC, FANUC Corp., Fuji Yusoki Kogyo Co. Ltd, Illinois Tool Works Inc., Kawasaki Heavy Industries Ltd., Krones AG, KUKA AG, MMCI Automation, Okura Yusoki Co. Ltd., Premier Tech Digital Ltd., Schneider Packaging Equipment Co Inc, Serpa Packaging Solutions LLC, Staubli International AG, Universal Robots AS, and Yaskawa Electric Corp.

Key Market Trends Fueling Growth

Robotic palletizers in industrial settings are integrating smart sensors and communication devices, or IIoT devices, to enhance productivity and efficiency. IIoT systems consist of intelligent devices, data collection and exchange infrastructure, and cloud-based applications for analytics. Data from IoT systems and sensors in production, including robotic palletizers, enables operators to analyze manufacturing performance. This drives asset reliability, cost-efficiency, and predictive maintenance, reducing downtime and maximizing output quality. IIoT and cloud-driven big data analytics will fuel the global robotic palletizer market growth. 

The Robotic Palletizer market is experiencing significant growth, particularly in industries like food and beverage, logistics, and industrial packaging. Traditional palletizers are being replaced by robotic palletizers due to their ability to increase precision, efficiency, and reduce work-related injuries. Robotic de-palletizers are also gaining popularity for their role in automating warehouse operations. Articulated robots are a key component of robotic palletizing and de-palletizing systems. These systems use sensor systems, vision recognition, and motion control algorithms to ensure accuracy and consistency. Conveyor systems, infeed conveyors, bag palletizers, and bag flatteners are essential components of the robotics ecosystem. Industries such as consumer electronics, healthcare, and personal care are increasingly investing in automated palletizing systems to meet the demands of e-commerce and industrialization. However, the financial barrier to implementing these technologies can be a challenge for some businesses. Automation in the form of robotics is transforming the way warehouses manage order volume, inventory, and quality control. With advancements in technology, the future of palletizers looks bright, with innovations in data management systems and vision recognition set to revolutionize the industry. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

Robotic palletizers offer significant benefits such as increased productivity and efficiency in material handling. However, the initial investment for installing a robotic palletizer includes expenses on fixtures, tooling, and accessories, including special end-effectors like vacuum pickers and enclosures. The cost of these implementations can range from USD50,000 to USD100,000. Additionally, ongoing costs for preventative maintenance, safety, operator training, and complementary peripheral equipment add to the overall expense. Long-term service contracts with vendors limit the ability to switch between automation systems, creating high switching costs. Malfunctions or breakdowns in robots can potentially shut down entire production lines, adding risk to the investment. These factors may hinder the growth of the global robotic palletizer market during the forecast period.The Robotic Palletizer Market is experiencing significant growth due to increasing automation in various industries, including consumer electronics, healthcare, and warehouse automation. However, challenges persist in implementing these systems, such as work-related injuries from manual palletizing and the financial barrier for smaller businesses. Robotic palletizers use sensor systems, vision recognition, and motion control algorithms to improve precision, quality control, and labor efficiency. These systems include components like conveyor systems, infeed conveyors, bag palletizers, layer forming stations, and pallet dispensers. Implementing robotic palletizing systems requires integration with data management systems and logistics technologies. Despite these challenges, the benefits of increased order volume, inventory management, and reduced material handling procedures make robotic palletizers a valuable investment for industries undergoing industrialization and e-commerce growth. The shift from conventional palletizers to automated systems continues to drive market growth.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This robotic palletizer market report extensively covers market segmentation by

End-user 1.1 Food and beverage industry1.2 Ecommerce and logistics industry1.3 Healthcare industry1.4 Retail industry1.5 OthersType 2.1 Articulated robots2.2 Collaborative robotsGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Food and beverage industry- In the global robotic palletizers market, the food and beverage industry holds a significant share due to the high demand for automation in material handling processes. With increasing daily output and frequent changes in product SKUs and batch sizes, conventional inline palletizers are no longer sufficient. Robotic palletizers, such as SCARA and six-axis articulated robots, are gaining popularity due to their ability to handle multiple SKUs and short runs. These technologies offer better return on investment (RoI) than fixed automation equipment and require less floor space. SMEs in the food and beverage industry are also adopting robotic palletizers for their flexibility and ease of reconfiguration. Integration of feeding devices and advanced vision systems further enhances the efficiency and product safety of these robots, making them a valuable investment for end-users.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Robotic palletizers are automated systems designed to handle and stack pallets in warehouses and logistics centers. They offer several advantages over traditional palletizers, including increased efficiency, improved product quality, and reduced work-related injuries. Robotic palletizing and de-palletizing systems utilize sensors, vision recognition, and motion control algorithms to accurately handle various types of products, including food and beverage, personal care industry, consumer electronics, healthcare, and industrial packaging. These systems consist of articulated robots, conveyor systems, infeed conveyors, bag palletizers, layer forming stations, and pallet dispensers. The integration of automation, data management systems, and robotics in the robotics ecosystem has led to the development of advanced palletizing solutions that cater to the needs of various industries, including logistics, e-commerce, and industrialization. The automation of palletizing and de-palletizing processes has significantly improved warehouse operations by increasing order volume and inventory management capabilities.

Market Research Overview

Robotic palletizers are automated systems designed to handle and stack pallets in warehouses, replacing traditional manual palletizing methods. Robotic palletizing and de-palletizing systems use articulated robots, sensor systems, vision recognition, and motion control algorithms to efficiently load and unload pallets. Industries such as food and beverage, logistics, industrial packaging, personal care, consumer electronics, healthcare, and e-commerce are increasingly adopting these systems for their warehousing needs. Robotic palletizers offer numerous benefits, including increased precision, quality control, labor efficiency, and inventory management. However, the financial barrier to implementation can be a deterrent for some companies. Automation in material handling procedures through robotics is a key trend in warehouse operations, driven by the need for higher order volume, reduced work-related injuries, and logistics technologies. The robotics ecosystem includes various components such as conveyor systems, infeed conveyors, bag palletizers, layer forming stations, and pallet dispensers. In the future, advancements in technology, such as data management systems and vision recognition, will further enhance the capabilities of robotic palletizers and de-palletizers. The integration of these systems with conveyor systems and other warehouse automation technologies will create a seamless logistics process. Overall, the adoption of robotic palletizing and de-palletizing systems is a crucial step towards industrialization and the optimization of warehouse operations.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userFood And Beverage IndustryEcommerce And Logistics IndustryHealthcare IndustryRetail IndustryOthersTypeArticulated RobotsCollaborative RobotsGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/robotic-palletizer-market-to-grow-by-usd-1-57-billion-2024-2028-driven-by-automation-in-material-handling-ai-powered-report-highlights-market-transformation—technavio-302304156.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Reolink Black Friday Sales 2024 – Enjoy Early Saving Today

Published

on

By

LOS ANGELES, Nov. 15, 2024 /PRNewswire/ — Black Friday is just around the corner, enjoy early Black Friday security camera deals to enhance home security sooner. Reolink, an innovative leader in intelligent visual technology for the home, is offering diverse range of security cameras, enabling consumers to keep a vigilant eye on their home’s safety.

From now to November 18th, visit the Reolink website and its Amazon store to get the industry-leading 4K continuous recording battery camera Altas PT Ultra, 4K 180° color night vision battery camera Argus 4 Pro, 2K Dual-Band Wi-Fi Battery Doorbell, along with Argus 3 Pro and E1 Zoom.

Reolink Altas PT Ultra with Solar Panel (Save 31%, now $249.99)

Altas PT Ultra is an industry-leading 4K pan & tilt battery camera that offers continuous recording with a blindspot-free view. Equipped with a powerful 20000mAh battery, it can deliver a 96-hour 4K continuous recording on a single charge. The ColorX technology delivers day&night true-color vision without the needs of spotlights or infrared lights. Originally $359.99, it’s $249.99 during the sale, offering a significant 31% discount.

Reolink Argus 4 Pro with Solar Panel (Save 30%, now $229.99)

Argus 4 Pro is the world’s first 4K battery-powered camera with ColorX Night Vision and dual image stitching technology, providing a 180° blindspot-free view. Its battery life is 30% longer than the average battery-powered cameras in the market, reducing the frequency of charging. Originally $329.99, it’s $229.99 during the sale, offering a remarkable 30% discount.

Reolink Battery Doorbell (Save 30%, now $153.99)

Battery Doorbell features 2K/4MP resolution and captures a full head-to-toe view with no subscription fees. It can run on battery power or be hardwired for consistent operation, offering flexible installation and power supply solutions. Battery Doorbell can support Reolink Home Hub for local storage of video recordings and centralized management of cameras. Originally $219.99, it’s $153.99 during the sale, offering an amazing 30% discount.

Black Friday may be on the horizon, but from today until November 18th, customers can dive into early Reolink Black Friday sales. From now until November 18th, customers can purchase coupons for just a few dollars on the Reolink website. These coupons can be combined with Reolink Black Friday discounts and redeemed for up to $40 from Nov. 19 to Dec. 2. Visit Reolink website and its Amazon store to score the best security camera deals.

About Reolink

Reolink offers smart security solutions for homes and businesses, aiming for a seamless security experience with its wide range of products. Serving millions globally, it provides video surveillance and protection, standing out for its commitment to security technology innovation.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/reolink-black-friday-sales-2024—enjoy-early-saving-today-302306481.html

SOURCE Reolink Innovation Inc.

Continue Reading

Technology

AEKE Reimagines Home Fitness Experience with Launch of AI-Powered Smart Home Gym K1 on Kickstarter

Published

on

By

NEW YORK, Nov. 15, 2024 /PRNewswire/ — AEKE is redefining home fitness with the launch of the Smart Home Gym K1, set to debut on Kickstarter this December 3rd. The all-in-one, AI-powered gym with an auto-foldable and movable design brings a new level of accessibility and efficiency to fitness by transforming any space into a hyper-personalized training hub.

Taking up just 0.3 square meters, the new AEKE K1 features an AI coaching system that empowers users to train smarter other than harder.

Key Features of the AEKE K1:

AI-Driven Personalization: Leveraging advanced AI, the K1 builds custom workout plans and courses, adapting them based on individual progress and goals through a six-dimensional body assessment.Precision Motion Tracking: Powered by high-sensitivity AI cameras and powerful 5T chips, our self-developed vertical AI Model ensures precise tracking, offering real-time feedback on form, speed, and balance and rep count.Compact-Smart Design: With its sleek, compact design, the K1 easily integrates into any room, blending in without dominating home space.No Ongoing Fees: Access all the features and updates with no subscriptions, making it a cost-effective solution.Complete Training Solution: Catering to a range of fitness goals from weight loss to muscle gain, the K1 includes a variety of workout programs from strength training to yoga to keep exercise routines diverse and effective.Targeted Strength-Building Strategy: With advanced algorithms built by AEKE, K1 adapts intensity as users grow stronger, backed by professional strength training plans and data-driven performance insights to help users stay on track.Personalized and immersive experience: Motion gaming and exercise competition, a 2.1-channel Bluetooth speaker and customer can customized their own music playlist during course make it more immersive and fun.

“We are hugely grateful to our crowdfunding supporters for enabling us to create an innovative fitness experience. I’ve seen firsthand how financial, time, and space constraints hold many people back from accessing quality fitness instruction. Inconsistent training levels can also make it tough for people to find reliable trainers and see results, even after investing time and money. The K1 removes common barriers to fitness and makes professional fitness training accessible to everyone, helping them more efficiently achieve their goals, no matter their schedule or space,” said Loong, COO of AEKE.

With the Kickstarter campaign launching this month, early backers can be among the first to embark on a unique fitness journey offered by the award-winning AEKE K1, which has clinched the German Red Dot Award, the American IDA Design Award, and the International CMF Design Award since it was unveiled.

Currently, AEKE is gearing up for crowdfunding and is offering many benefits for customers who place a deposit. For more details and to get updates, visit aeke.com 

About AEKE

Founded in 2022, With a team of over 200 industrial sports scientists, hardware engineers, and AI experts, AEKE combines AI technology with a human-centric approach to deliver the most intelligent and effective fitness experience.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aeke-reimagines-home-fitness-experience-with-launch-of-ai-powered-smart-home-gym-k1-on-kickstarter-302305600.html

SOURCE AEKE

Continue Reading

Technology

UST Opens New Office and Generative AI Experience Center in Cyberjaya, Malaysia

Published

on

By

Inauguration of third delivery center in Malaysia positions the country as the focal point for UST’s expansion in Southeast Asia

CYBERJAYA, Malaysia, Nov. 15, 2024 /PRNewswire/ —UST, a leading digital transformation solutions company, has opened a new office and state-of-the-art Generative AI Experience Center in Cyberjaya, Selangor, Malaysia. This facility will act as a hub for innovation and collaboration, bringing together leaders and thinkers at the forefront of the Generative AI space to drive digital transformation in Southeast Asia and beyond.

The new Cyberjaya facility is UST’s third delivery center in Malaysia and will develop cutting-edge AI solutions for use in a diverse range of market sectors, including banking, manufacturing, retail, O&G, telecom, and education. The GenAI Center of Excellence in Malaysia will elevate customer experiences across Southeast Asia to improve both the engineering services and the digital portfolio of UST. A key focus area will be developing custom Large Language Models (LLMs) tailored to specific business needs. Additionally, work conducted at the Center of Excellence will empower cloud, infrastructure, and cybersecurity applications, automating backend tasks and digitising front-end user experiences, benefiting both engineering and GBS teams.

The facility was formally opened on November 11, as part of a ceremony featuring notable tech industry leaders and government officials including: Y.A.B. Dato’ Seri Amirudin Bin Shari, Menteri Besar (Chief Minister) of Selangor state; Wan Murdani Wan Mohamad, Senior Vice President of Malaysia Digital Economy Corporation (MDEC); Puan Nor Suhaila Binti Saat, Director, Sepang Municipal Council; Kamarul Ariffin Abdul Samad, Chief Executive Officer, Cyberview Sdn Bhd; TS Koay, Managing Director Dell Technologies Malaysia, Chai Ping Chua, Country Site Leader Experian Malaysia, Sunil Balakrishnan, CVO & Global Head of Center Operations, UST; Gilroy Mathew, Sr Vice president, UST; and Amar Chhajer, Vice President & Country Head Malaysia, UST.

“The opening of this advanced new delivery center will enhance our ability to support the growing Malaysian and Southeast Asian markets and positions us for further growth in this dynamic region. UST’s focus on Generative AI aligns with the current digital landscape and will empower businesses to harness the potential of AI and automation to drive digital transformation. We’re grateful for the support of our partners and stakeholders, who has been instrumental in fostering a strong tech community here in Malaysia. UST’s focus on Generative AI aligns with the current digital landscape and will empower businesses to harness the potential of AI and automation to drive digital transformation,” said Amar Chhajer, Vice President & Country Head – Malaysia, UST.

“UST is a key partner in our mission to develop digital infrastructure and nurture local tech talent. The UST Gen AI Center of Excellence is exactly the type of forward-thinking initiative that will help propel Malaysia into the next phase of digital evolution. It will be a catalyst for research and development in AI, helping to unlock new opportunities and insights across a wide range of sectors. UST’s commitment to Malaysia’s thriving tech ecosystem has been instrumental in helping transform this sector of our economy. Over the past decade, UST has invested in developing over 10,000 engineering professionals in Malaysia, contributing to the creation of a dynamic and resilient digital ecosystem,” said Y.A.B. Dato’ Seri Amirudin Bin Shari, Menteri Besar (Chief Minister) of Selangor state.

UST began operating in Malaysia in 2006, opening its first center in Penang in 2011. This location also became home to UST’s first Infinity Lab in 2020, supporting innovation that has helped UST expand operations throughout Southeast Asia. UST Malaysia has grown to become one of the company’s biggest delivery center locations in the world and there are currently over 1,500 USsociates in Malaysia. UST Malaysia has two delivery centers in Penang. UST is certified as a ‘Great Place to Work’ in Malaysia.

About UST

Since 1999, UST has worked side by side with the world’s best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients’ organizations–delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact–touching billions of lives in the process. Visit us at www.UST.com

Media Contacts, UST:

Tinu Cherian Abraham
+1 (949) 415-9857

Merrick Laravea
+1 (949) 416-6212

Neha Misri
+91-9284726602

Roshni Das K
+91 7736795557
media.relations@ust.com

Media Contacts, India:

Adfactors PR
ust@adfactorspr.com 

Media Contacts, U.S.

S&C PR
+1-646.941.9139
media@scprgroup.com

Makovsky
ust@makovsky.com

Media Contacts, U.K.:

FTI Consulting
UST@fticonsulting.com

 

Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/ust-opens-new-office-and-generative-ai-experience-center-in-cyberjaya-malaysia-302305931.html

Continue Reading

Trending