Published on : Jul 18, 2016
The adoption of new technologies by the manufacturing sector which are safe and efficient, has bolstered the Packaging Robot Market. As the need for better packaging and easy productivity is increasing, manufacturers are commencing to take up new machineries to enhance the production rate. In this course, packaging robots have turned out to be an essential part of the manufacturing industry. Robots ensure cost savings and help in easy achievement of targets. Thus, their use in manufacturing units by multinational as well as domestic companies during the phase of increasing demands becomes a necessity as they are effective in palletizing and picking packaging.
Industry Safety Concerns to Hurl the Worldwide Growth of Packaging Robots Industry
Overall Equipment Effectiveness (OEE) and safety concerns play an integral role in the process of the growth of varied manufacturing industries worldwide. These measures also act as important factors that enhance the boost in the packaging robot market. Manufacturers of packaging robots have introduced specially designed robots for packaging as per industry standards. The new features include high productivity and covered operational speed. The global leaders in packaging robots industry are coming up with new solutions for various applications. For instance, a global leader has come up with solutions for the pharmaceutical sector with committed picking and packing robots. These new robots can pick and place containers in twice the speed of the conventional robots which are presently being used.
Initial Setup Cost to Overpower Installing Benefits of Packaging Robots
Many manufacturers have started taking back steps due to the high initial cost of setting up packaging robots. A large number of producers are cynical towards arraying packaging robots due their high initial setup cost, even if the advantages of setting them up include reduced product damage, low costs of production, and increased accuracy. Meanwhile, China is taking advantage of this situation by capitalizing the opportunity. The key players in the market such as ABB Limited, Bosch Packaging Technology, Fanuc Corporation, Kuka Roboter GmbH, Mitsubishi Electric Corporation, Yaskawa Electric Corporation, and Schneider Electric SE are looking forward to innovate their products so that the high initial setup cost problem can be curbed.
The packaging robots market is expect4ed to expand at a CAGR of 14% in the period of 2016-2024 overlooking the high initial setup cost barrier. Their after setup productivity is stated to support their future market growth.