PUBLISHER: The Business Research Company | PRODUCT CODE: 1428263
PUBLISHER: The Business Research Company | PRODUCT CODE: 1428263
Automated pick-and-place machines, commonly known as pick-and-place robots, are integral in manufacturing and assembly operations, facilitating the precise handling and positioning of components or objects with remarkable speed and accuracy.
The primary categories of pick-and-place machines include manual, semi-automatic, and automatic variants. A manual pick-and-place machine is utilized in manufacturing and assembly processes, requiring direct input from an operator. Key components of these machines encompass controllers, frames, motors, end effectors, vacuum pumps, and sensors that employ diverse technologies, including vision-based, force-based, laser-based, and hybrid approaches. These machines find application across various industries such as consumer electronics, automotive, packaging, pharmaceuticals, medical devices, logistics and warehousing, among others.
The pick and place machines market research report is one of a series of new reports from The Business Research Company that provides pick and place machines market statistics, including pick and place machines industry global market size, regional shares, competitors with a pick and place machines market share, detailed pick and place machines market segments, market trends and opportunities, and any further data you may need to thrive in the pick and place machines industry. This pick-and-place machines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pick & place machines market size has grown strongly in recent years. It will grow from $2.43 billion in 2023 to $2.65 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The expansion in the historical period can be credited to the growth of the electronics manufacturing industry, the development of surface mount technology (SMT), heightened demand for miniaturized electronic components, the expansion of consumer electronics production, and an increased need for high-speed and precise assembly.
The pick & place machines market size is expected to see strong growth in the next few years. It will grow to $3.62 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The expansion in the forecast period can be attributed to the development of flexible and modular pick-and-place machines, the influence of Industry 4.0 on manufacturing processes, an increase in the adoption of lead-free soldering processes, the integration of vision systems for component inspection, the expansion of 5G technology and IoT devices, the impact of COVID-19 on reshoring and supply chain resilience, and an increase in demand for smart manufacturing solutions. Major trends in the forecast period include technological advancements in automation and robotics, the adoption of artificial intelligence in pick-and-place machines, the integration of 3D printing in pick-and-place machine manufacturing, an emphasis on energy-efficient and eco-friendly machine designs, and the integration of machine learning.
The growth in the pick-and-place machines market is expected to be propelled by the increasing demand in the food and beverage industry. The food and beverage industry encompasses the processing, production, distribution, and sale of food and beverages for human consumption. Pick-and-place machines play a crucial role in food and beverage packaging operations, automating the process of picking up products such as bottles, cans, cartons, or bags from a conveyor belt and accurately placing them into packaging containers such as boxes, trays, or pallets. For example, in 2023, the Food & Drink Federation reported that Scotland had 1,185 companies engaged in the manufacturing of food and beverages, with exports rising by 31% in 2022 to $10.18 billion (£8.1 billion). Food and beverage turnover accounted for $12.5 billion (£10.3 billion) in 2022, representing 33% of total Scottish manufacturing. Therefore, the growing demand in the food and beverage industry is a driving force behind the growth of the pick-and-place machines market.
The increasing demand for consumer electronics is anticipated to drive the growth of the pick-and-place machines market. Consumer electronics encompass electronic gadgets designed for everyday, private, or professional use by consumers or end users. Pick-and-place machines are integral to the manufacturing processes of consumer electronics, automating the precise assembly of miniature components onto circuit boards, ensuring high speed, accuracy, and efficiency in device production. For instance, LG, a South Korea-based consumer electronics company, achieved its biggest annual revenue ever in 2022, surpassing $60 billion, representing a 12.9% increase from 2021. LG's Home Appliance & Air Solution Company recorded revenue of $22.5 billion in 2022, marking a 10.3% growth from the previous year. Therefore, the rising demand for consumer electronics is a significant factor driving the growth of the pick-and-place machines market.
Innovations in product offerings are a prominent trend gaining traction in the pick-and-place machines market. Major companies engaged in the pick-and-place market are actively introducing novel products to maintain their competitive positions. For example, in October 2022, Smart Robotics, a Netherlands-based manufacturer of pick-and-place machines, unveiled a smart parcel picker. This robotic system is specifically designed to unload diverse containers filled with packages of varying sizes, surface materials, and weights during the depalletizing process. The smart parcel picker enhances throughput and performance while alleviating warehouse workers from physically demanding and repetitive tasks, particularly during a period when the industry is grappling with a growing labor crisis.
Leading companies in the pick-and-place machines market are directing their efforts toward the introduction of innovative platforms, such as the pick-and-place platform (RPP), to secure a competitive advantage. The pick-and-place platform (RPP) represents an advanced robotic system engineered for precise and efficient material handling, thereby enhancing automation processes within manufacturing workflows. For instance, in June 2021, Syntegon, a Germany-based company in the machine industry, launched a new robotic pick-and-place platform (RPP). This modular system automates various process steps, including handling, feeding, and loading, offering maximum flexibility, efficiency, and high product quality. Tailored for the food industry, the RPP platform provides a flexible solution adaptable to diverse production environments.
In November 2021, Nano Dimension, a US-based company specializing in high-end electronic device manufacturing, acquired Essemtec AG for an undisclosed amount. This strategic move aims to capitalize on the distribution channels and go-to-market efforts of both entities, combining the micro-electronic 3D-fabrication machine technology with Essemtec's comprehensive suite of in-fabrication-process-equipment-assembly capabilities. Essemtec AG, based in Switzerland, is an electronics manufacturing company specializing in pick-and-place equipment.
Major companies operating in the pick and place machines market report are Panasonic Corporation, DENSO Robotics, Mitsubishi Electric Corporation, ABB Ltd., Yamaha Motor Co. Ltd., Seiko Epson Corporation, Omron Corporation, Kuka AG, Nordson Corporation, Kollmorgen Corp., Staubli Robotics, Juki Corporation, Mycronic AB, Yaskawa Motoman Robotics, FANUC AMERICA Corporation, ASM Assembly Systems GmbH & Co. AG, Universal Instruments Corporation, Kawasaki Robotics inc., Comau LLC, Omron Adept Technology Inc., Universal Robots Inc., NMTronics India Pvt. Ltd., Nachi Robotic Systems Inc., Blundell Production Equipment Ltd., Fuji Machinery Co. Ltd., Hanwha Precision Machinery, DDM Novastar Inc., Autotronic Services, Evest Corporation, NeoDen Technology Co. Ltd.
Europe was the largest region in the Pick And Place Machines market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pick and place machines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the pick and place machines market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The pick-and-place machines market consists of sales of gantry robots, articulated robots, delta robots, collaborative robots, vacuum-based pick-and-place machines, and mechanical pick-and-place machines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Pick And Place Machines Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pick and place machines market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pick and place machines ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The pick and place machines market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.