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Global Packaging Robots Market to Reach $6.1 Billion by 2030
Global Market for Packaging Robots
Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Packaging Robots: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Packaging Robots Market Outlook â The global packaging robots industry, valued at approximately US$3.7 billion in 2022, is forecasted to soar, reaching a value of around US$6.1 billion by 2030. With a steady compound annual growth rate (CAGR) of 6.6% from 2022 to 2030, technological advancements and post-pandemic recovery efforts are driving the market forward.
The report segment on claw packaging robots highlights an expected CAGR of 6.9%, positioning it to hit the US$3 billion mark by the end of the forecast period. Another segment, clamp packaging robots, is projected to grow at a CAGR of 5.6%, demonstrating the diverse applications and growth opportunities within the sector.
In the United States, the packaging robots market size is currently estimated at US$997 million for the year 2022. However, it's the Chinese market that is attracting attention with a predicted CAGR of 10.7%, indicating a market size of US$1.4 billion by 2030, emblematic of the countryâs rapid economic development and technological integration. Japan and Canada are also significant contributors, with forecasted growth rates of 2.5% and 6.8%, respectively, over the eight-year period.
Europe and Asia-Pacific Regional Trends â Germany, within the European market, is expected to display an approximate 3.8% CAGR. Furthermore, the Asia-Pacific region, including dynamic economies like Australia, India, and South Korea, is set to attain a market value of US$840.6 million by 2030, further emphasizing the global appeal and adoption of packaging robots.
Key Market Players â The global landscape of packaging robots is competitive and features industry players such as ABB Group and FANUC Corporation, who are making significant contributions to the market's growth and development. These companies, along with others in the domain, provide innovative solutions that align with industry trends and consumer demands.
Rapid Expansion in the Packaging Robots Industry
Claw segment to dynamically drive industry growth with a 6.9% CAGR
U.S. market sustains progression while China poised to lead with a double-digit CAGR
Comprehensive market intelligence covering impactful global events and economic shifts
Key Attributes:
Report Attribute | Details |
No. of Pages | 282 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | $3.7 Billion |
Forecasted Market Value (USD) by 2030 | $6.1 Billion |
Compound Annual Growth Rate | 6.4% |
Regions Covered | Global |
A selection of companies mentioned in this report includes
ABB Group
Bosch Packaging Technology
Bosch Rexroth AG
Brenton, LLC.
Comau SpA
DENSO Robotics
FANUC Corporation
Krones AG
KUKA Aktiengesellschaft
Mitsubishi Electric Corporation
Remtec Automation, LLC.
Schneider Electric SA
Universal Robots A/S
Yaskawa America Inc.
Yaskawa Motoman
For more information about this report visit https://www.researchandmarkets.com/r/3va0ds
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