HTF recognizes the following companies as the key players in the global packaging robots market: ABB, FANUC, KUKA, Universal Robotics, and Yaskawa Motoman
Other Prominent Vendors in the market are: Bosch Rexroth, Comau Robotics, and DENSO Robotics.
Commenting on the report, an analyst from HTF’s team said: “The latest trend gaining momentum in the market is Prioritizing safety measures. With the advances in robotic technology and automation, industries are widely adopting robots. Developments in robotic technology have emphasized on safety parameters. Packaging robots are installed in the assembly line and work in collaboration with industrial workers. These robots work in the multiple areas and directions, due to which they are equipped with multiple safeguards.”
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The analysts forecast the global packaging robots market to grow at a CAGR of 9.58% during the period 2017-2021.
According to the report, one of the major drivers for this market is Optimization of operational cost. With the increase in awareness about robotic technology, developments in automation and artificial intelligence can be seen globally. Characteristics of industrial robots, such as easy installation, are resulting in the market growth of packaging robots. As these robots can work autonomously without any human intervention, the incorporation of packaging robots for various packaging applications has increased. Robots can perform multiple applications, which reduces the manual labor, resulting in the reduction of operational cost.
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Further, the report states that one of the major factors hindering the growth of this market is Implementation cost. Packaging robots are cost-intensive when compared with traditional methods and manually operated equipment. The advanced components incorporated in packaging robots are expensive, which results in an increased manufacturing cost and higher product price. Therefore, many cost-sensitive small and medium enterprises have resisted the implementation of packaging robots. The availability of low-cost manual labor is the substitute for small and medium enterprises, which is a primary factor challenging the market growth of global packaging robots. To keep the operational cost as low as possible, industries adopt low-cost methods.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, Get customization & check discount for report @ https://www.htfmarketreport.com/request-discount/742128-global-packaging-robots-market-8
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research methodology
PART 04: Introduction
• Market outline
PART 05: Market landscape
• Market overview
• Global packaging robots market
• Five forces analysis
PART 06: Market segmentation by application
• Market overview
• Global packaging robots market by primary packaging
• Global packaging robots market by secondary packaging
PART 07: Market segmentation by end-user
• Market overview
• Global packaging robots market by food and beverage industry
• Global packaging robots market by pharmaceutical industry
• Global packaging robots market by electronics and semiconductor industry
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