Palletizing Systems Market

COVID-19 Impact analysis

• The COVID-19 pandemic halted the production of various end users in the palletizing systems, attributed to the lockdown in countries worldwide. This has hampered the growth of the market in the last few months.
• Due to the steep decline in manufacturing activities, COVID-19 has already affected the sales of palletizing systems since the second quarter of 2020, and is anticipated to have a negative impact on the market growth in the first quarter of 2022.
• The major demand for palletizing systems was previously noticed in giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which are negatively affected by the spread of the coronavirus, thereby declining the demand for palletizing systems making machines.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is based on their cash reserves. Palletizing systems providers can afford declining sales only for a few months, after which the players have to modify their investment strategies. For instance, various players in the market halted their production activities for several weeks to reduce their expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
• With the increasing number of vaccinations and leniency in restrictions imposed by the government, the manufacturing industry has shown signs of recovery, which is a positive factor for the palletizing systems market. 

Top Impacting Factors

Rapid growth of e-commerce industry in developing countries has drastically boosted the manufacturing industry and created a demand for warehouses, which is a major driving factor for the palletizing systems market. The availability of palletizing systems in a wide range of specifications and their ability to handle fragile, light and heavy loads further increases their usability in various industries. The use of palletizing systems enables manufacturers to run production lines at full capacity and increase output. However, mechanical or electrical failures of the palletizing system can cause delays in the production line, which is a restraint on the growth of palletizing systems market. Various government initiatives, such as “Make in India” launched by the Indian government and “Made in China 2025” launched by the Chinese government, is anticipated to boost the manufacturing sector in the Asia-Pacific region. This is a growth opportunity for the palletizing systems market. 

Market Trends

• Major players in the industry are integrating robotics into palletizing systems to improve the speed and efficiency of stacking. For instance, Barry-Wehmiller Companies offers a wide range of robotic palletizing systems that can operate at high speed and handle eight lines at a time. 
• In August 2021, Geek+ partnered with WSR Solutions to develop and launch smart mixed case palletizing solution. The solution combines Geek+ autonomous mobile robots with WSR’s intelligent palletizing algorithm to enhance warehouse operations by systematically processing of multiple outbound orders in an efficient and safe manner.
• In January 2021, CONCETTI S.P.A. launched LAMPO palletizer, which is specially designed to handle bags, bundles, and boxes. LAMPO has the capacity to handle any bag weighing between of 1-50kg. In addition, it can be mounted with a multi-head gripper for handling bundles and cases.

Key Benefits of the Report

• This study presents the analytical depiction of the palletizing systems industry along with the current trends and future estimations to determine the future investment pockets.
• The report presents detailed information related to key drivers, restraints, opportunities and palletizing systems market share.
• A quantitative analysis highlights the palletizing systems market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed palletizing systems market analysis based on competitive intensity and how the competition will take shape in coming years.