Artificial Intelligence
Gone are Those Days, Craft Beer Market to Reach US$191.13 Billion by 2028, the Future Looks Promising after Decades of Losses
Westford, USA, June 22, 2022 (GLOBE NEWSWIRE) — There are a number of reasons why people are interested in craft beer. Some people enjoy the unique taste and variety that craft beers offer. Others appreciate the artisanal approach that many breweries take to brewing. Whatever the reason, there is clearly a growing demand for craft beers. One of the main reasons why the craft beer market is seeing increased interest is because of the growing popularity of microbreweries and craft breweries. These smaller businesses are producing some of the most interesting and unique beers in the world, and they are finding success at a rapid rate.
Because of this, there is now a greater variety of craft beers available than ever before. Whether consumers are looking for something light and refreshing or something with more flavor, there is likely to be a craft beer that meets consumer’s needs.
After Covid Impact in 2020, Local Breweries Have Started Witnessing Positive Growth in Global Craft Beer Market
The Brewer’s Association has just released data that says the industry has bounced from losses due to Covid Pandemic. Things are looking much better since the storm has passed, hopefully for good. The craft beer industry grew by 7.9% in 2021. The market is mostly driven by increased number of people going out and spending time in bars, pubs, and restaurants, but the mass closings of various venues still inflicted significant damage to the industry.
The beer industry has suffered from a lot of losses and slowing growth in the last few years. This is reflected in the 36 brewers that are now at a loss. Craft beer began integrating into mainstream American culture about ten years ago, with 1,813 breweries active in 2010 and 9,247 by 2021.
The success of craft beer market is not solely due to larger regional breweries like Sam Adams, Sierra Nevada, and Yuengling. Half of all beer brewed in the US came from small companies that rely on a local following.
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To Keep Up with the Trend, Craft Beer Producers Have Started Focusing on Strengthening their Online Presence
The craft beer market is growing at a rapid pace, with consumers now looking for more local breweries to support. According to the Brewers Association, craft beer sales grew by 7.9% in 2021, and are projected to grow even faster in the next few years. In order to capitalize on this trend and promote local breweries, breweries are starting to focus on their online presence.
One-way breweries are doing this is by creating social media accounts specifically for their brands. For example, Stone Brewing has a main account that posts traditional beer news and information, but also has separate accounts for its Stone IPA, Stone Ruination Double IPA, and Stone Smoked Porter brands. When a user follows one of these accounts, they will be notified about new posts specifically related to that brand. This way, customers can stay up-to-date on all of Stone Brewing’s latest offerings without having to follow multiple accounts.
Other breweries in the global craft beer market are using similar tactics to promote their products. Night Shift Brewing created a video series called “Brewing with Brian,” which features Brian O’Shea (the brewery’s head brewer) discussing various topics related to brewing. The series is tagged with specific Night Shift beers, so viewers can learn about the ingredients and brewing process used to make those beers.
By promoting their brands through online content and video series, breweries are able to reach a wider audience and connect with potential customers in a more personal way. This focus on online presence is likely to continue as the craft beer market continues to grow, and breweries look for ways to stand out from the competition.
AI is trying to Enter the Craft Beer Market, the Future is Bright for Local Breweries
The craft beer market is growing fast, and artificial intelligence (AI) seems to be playing a big role in that growth. NOLA Brewing is a small brewery that’s been around for over 14 years. They’re known for their unique beers and experimental brewing techniques. But the biggest challenge they face is distribution. The company created the beer in association with The Australian Institute for Machine Learning (AIML) and Barossa Valley Brewing (BVB).
This month, San Francisco-based startup Brewbound announced that it had acquired AI startup iBeers, which will be used to analyze data about craft beer sales. Brewbound CEO and co-founder David Zieve told The New York Times that the acquisition was “an important step in our ongoing effort to provide our customers with the most comprehensive and accurate information about the craft beer market.”
Brewbound isn’t the only company looking to use AI in its craft beer business. In March, Seattle-based Elysian Brewing announced that it had partnered with AI startupreveally to develop a tool that will help brewers track their beer sales on social media. And last year, San Diego-based Stone Brewing Co. teamed up with data visualization company Tableau to create an AI-powered platform that will allow brewers to see how their beers are performing on social media.
Artificial intelligence is making waves in the craft beer industry, and NOLA Brewing is leading the way. The first AI-created craft beer will be released this month, and it’s sure to get people talking.
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Today, Breweries are focusing on Larger Region Rather Than Traditional Way of Catering to Local Needs Through Mergers, Partnership, and Acquisition
Craft breweries across the global craft beer market are focusing on larger regions rather than catering to local needs through mergers, partnership, and acquisition. For example, Anheuser-Busch InBev acquired Budweiser in 2008 for $52 billion, and MillerCoors acquired Coors Brewing Company in 2015 for $12 billion. These large companies are able to offer more variety and better-quality beers than smaller breweries. In June 2022, Figueroa Mountain, one of the leading players in the US beer craft market, is bought up three brewpubs in Westwood, West LA, and Sherman Oaks and is planning its opening multiple locations in Los Angeles. Apart from this, the company also acquired Echo Park’s Mohawk Bend.
Specialty Craft Beer is Becoming Popular Among Breweries
The craft beer market continues to grow and diversify, with more and more breweries producing specialty beers. These beers are often more complex and flavorful than traditional beers, and appeal to a narrower audience.
One reason for the popularity of specialty craft beers is that they typically offer unique flavors not found in mainstream beers. For example, several breweries produce Belgian-style lambics, which are characterized by their sourness and complexity. Other breweries focus on producing hop-heavy beers, which can be difficult to find elsewhere.
Issues in Supply Chain May Challenge Craft Beer Market Growth
Global craft beer market is booming, but the growth may be challenged by issues in the supply chain. The Brewers Association (BA) reports that in 2020, sales of craft beer declined by 8% in the US. Craft brewers are making more than ever, but they’re not doing it alone. To keep up with demand, the BA predicts that craft breweries will need to increase their production by 2.3% each year through 2021 to maintain current market share.
However, some issues threaten to impede this growth. One issue is that small breweries can’t always afford to buy ingredients in bulk or ship them in from other parts of the country. This means that some breweries have to choose between investing in their own production or buying ingredients from larger, more established breweries. Another issue is that the craft beer market is saturated. In order for a new brewery to break into the market and compete against the bigger players, they need to produce something unique and different. However, with so many breweries producing similar products, it’s hard for a new brewery to stand out and be successful.
Despite these challenges, craft brewers continue to grow faster than any other type of brewery.
A look at Global Craft Beer Supply and Demand
As craft beer continues to surge in popularity around the world, breweries are scrambling to keep up with demand. While there’s no exact answer to how much demand there is for craft beer, industry expert generally agree that there’s a lot of it. In fact, according to stats from the Brewers Association, craft beer sales grew by more than 12 percent in 2017, reaching a value of $24.3 billion in the, which further went to increase to $26.8 billion in the US alone. That market growth has led some breweries to expand their production capabilities and generate market revenue beyond what they were able to do before. For example, Stone Brewing Company has recently announced plans to invest more than $100 million in its brewing facilities over the next three years. That will allow the company to increase annual production volume from its current level of 2 million barrels to 3 million barrels.
But while demand is high and production is expanding that doesn’t mean that everyone can get their hands on craft beer. In fact, according to SkyQuest Technology Consulting, the number of U.S. craft breweries has grown by only 8 percent since 2016, while the number of brewpubs has increased by 17 percent in the regional craft beer market. That means that a large part of the market still remains vacant for craft brewers.
The craft beer market in Germany is booming, and the country is now the leading producer of craft beer in Europe, with an estimated market size of $4.8 billion in 2020. This is thanks to a number of factors, including a growing interest in artisanal and unique beers, as well as increased awareness about health benefits of drinking craft beer. One of the biggest driving forces behind the growth of the German craft beer market is the country’s rich history and culture of brewing. Germany has a long tradition of brewing high-quality beers, and this has helped to create a global reputation for German craft brewers. In addition, German brewers are very innovative and often develop new styles of beer that are not found elsewhere.
The German craft beer market is also benefiting from strong marketing campaigns by major breweries. These campaigns aim to educate consumers about the different types of craft beers available and to promote the health benefits associated with drinking craft beer. In addition, major breweries are also investing in new craft breweries, which is helping to drive innovation and growth in the German craft beer market.
Italy is another key producer of craft beer, with a market share of almost 20% in Europe. Moreover, Italian brewers are able to produce high-quality beers thanks to the favorable climatic conditions and the availability of quality ingredients. In recent years, the market has been growing rapidly, thanks to the increasing demand for artisanal beers.
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India is Becoming the Most Potential Craft Beer Market and is Poised to Grow at a CAGR of 25%
India has seen an increase in craft beer sales as a result of changing tastes. Consumers want fresh flavors and ingredients, rather than the regular mainstream styles. With the booming economy, sales of all alcohol are rising. In 2010, annual sales of beer in India amounted to $1.4 billion. By 2016, this number had doubled and reached $2.8 billion and now it is generating sales of over $10 billion as of 2021.
There has been a change in the way people drink beer in India. Years ago, beer was only preferred by the elite, but now more and more people are drinking it, even though it’s low in alcohol content. This is replacing alcoholic hard liquor as the primary drink for Indian people. The India beer craft market is witnessing a shift from mass-produced beer to small brews made with fresh ingredients. However, it is not fully developed industry. Craft Beer needs much care and support from the Indian government.
Craft beer has increased as a trend in India. The influence of the Western culture could be seen in Indian society, mainly among the millennials, who are drinking craft beer more than regular alcohol. Considering the health benefits over bottled beers, people are switching to craft beer. This is leading the microbrew industry to face some challenges due to strict regulations in markets.
As the industry has grown, customers and brewers alike have realized the potential of craft beer. Cities across the country are now accepting this unique product. In some brewing cities, entrepreneurs are dreaming of opening their own breweries to cater to these increasingly popular preferences for tasting different flavors.
Top Players Company Profiles
- Anheuser-Busch InBev (Belgium.)
- Beijing Enterprises Holdings Limited (China)
- Carlsberg Group (Denmark)
- Dogfish Head Craft BreweryInc (US)
- Heineken Holding NV. (Netherlands)
- Squatters Pubs and Craft Beers (US)
- Sierra Nevada Brewing Co (US)
- Diageo PLC (UK)
- United Breweries Limited (India)
- The Boston Beer Company, Inc (India)
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Artificial Intelligence
Free Your Hands, QIDI Vida Smart AR Glasses Lead the Way in New Sports Experience.
NEW YORK, April 19, 2024 /PRNewswire/ — Outdoor smart AR glasses, QIDI Vida, will officially launch on 23rd April on the Kickstarter platform. QIDI Vida integrates the many functions of smart watches, sports headphones, cycling computers, heart rate monitors, and walkie-talkies using AR+AI technology, allowing users to bid farewell to cumbersome device management and enjoy outdoor sports anytime, anywhere with just one pair of glasses.
Function:
QIDI Vida uses high-tech HUD (Head-Up Display) which is similar to the technology used for aircrafts and premium cars and introduces it to the sports industry. Users can activate the HUD function at any time using voice control, enabling them to focus on the route ahead whilst simultaneously having access to information such as navigation, speed, heart rate, power and cadence, among other metrics. Another great function of the QIDI Vida is that users can also enjoy audiovisual entertainment through the optically perceived 100-inch AR HUD screen, when having some down time.
As cyclists and hikers often travel in groups, QIDI Vida supports eSIM and team functionality, allowing real-time voice communication without releasing handlebars, and users can monitor their groups’ real-time locations. The glasses also have comprehensive sensing and monitoring capabilities including temperature, humidity, UV, air pressure, geomagnetism and acceleration. In addition to obtaining environmental and health information, it also features health warnings such as altitude sickness symptoms and high heart rate, as well as fall and collision detection functions. And, in the event of danger, it can send distress signals to teammates.
Perks:
QIDI Vida has a global voice recognition and interaction feature that allows you to control all functions within the device by voice. To better provide users with an immersive sports experience, QIDI Vida’s intelligent system will have the capability to instantly gather personalised sports data, enabling it to deliver timely voice alerts and broadcasts, including the duration of exercise, distance, the environment and the weather – all tailored to the user’s preferences.
QIDI Vida enables voice-controlled photos and video recordings, allowing users to capture moments whilst cycling or hiking without the need to stop. QIDI Vida supports connections with common cycling smart hardware such as Garmin, Wahoo, Apple, and Samsung, supports GPX route files, and is compatible with professional sports apps such as Strava, Keep, Zwift, Apple Health, and All Trails.
QIDI Vida stands out for its lightweight and comfortable design with a dual lens for a full-colour data display, unlike competing AR glasses that typically have a single lens and limited colour. This innovation significantly enhances and augments the user’s sports and reality experience.
QIDI Vida will launch on the Kickstarter platform: https://www.kickstarter.com/projects/109560964/qidi-vida-smart-ar-glasses-for-sports
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Artificial Intelligence
Risk Analytics Market worth $180.9 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, April 19, 2024 /PRNewswire/ — The growing use of real-time monitoring and advanced analytics, integration with cutting-edge technologies like blockchain and IoT, and an emphasis on cybersecurity, cross-industry applications, and regulatory compliance are the key factors that will shape the risk analytics market in the future. The market’s development will also be influenced by collaborative risk management, improved user experience, and an increasing focus on ESG factors and risk culture.
The Risk Analytics Market is estimated to grow from USD 59.7 billion in 2024 to USD 180.9 billion in 2029, at a CAGR of 24.8% during the forecast period, according to a new report by MarketsandMarkets™. Several trends fuel the global spread of Risk Analytics. Increasingly Increasing Data Complexity, Rising Cybersecurity Threats and Rising Adoption of Cloud-Based Solutions A growing talent pool of data scientists and engineers is building the necessary tools and infrastructure. Governments are recognizing the potential of risk analytics for economic growth and are investing in research and development. These trends make DI more accessible and valuable, leading to its global adoption.
Browse in-depth TOC on “Risk Analytics Market”260 – Tables 60 – Figures350 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2019–2023
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD Billion
Segments Covered
Offering,Risk Type, Risk stages, Vertical, and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US)
By offering the services segment to account for higher CAGR during the forecast period
In the Risk Analytics Market, the highest CAGR of services is fueled by Increasing Complexity of Risks, AI and machine learning advancements, big data analytics integration, business process optimization, cloud-based solutions adoption, data-driven culture, and diverse industry adoption. These trends reflect a global shift towards leveraging data for competitive advantage, driving a continuous need for sophisticated risk analytics services across sectors. As businesses prioritize agility, the growth of services in the Risk Analytics Market is driven by the need for effective risk management strategies in an increasingly complex and uncertain business environment.
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By Type, GRC software is expected to hold the largest market size for the year 2024
GRC software typically offers comprehensive solutions that cover a wide range of risk management needs, including compliance management, policy management, audit management, and risk assessment. They also provide organizations with enhanced visibility into their risk landscape. Through features such as risk assessment, risk monitoring, and reporting, organizations can identify and prioritize risks more effectively, enabling proactive risk management strategies. GRC software streamlines risk management processes through automation, reducing manual effort and increasing efficiency. Tasks such as risk assessments, control testing, and incident management can be automated, freeing up resources to focus on strategic risk mitigation efforts. the combination of comprehensive functionality, regulatory compliance support, efficiency gains, scalability, integration capabilities, and culture enhancement makes GRC software a preferred choice for many organizations seeking to manage risk effectively.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The Healthcare and Lifesciences is experiencing a surge in the adoption of risk analytics due to a confluence of factors. Healthcare providers and life sciences companies wants to ensure the safety and well-being of patients. Risk analytics helps in identifying potential risks to patient safety, such as medication errors, adverse events, and medical device failures. The healthcare and life sciences industries are heavily regulated, with strict guidelines for patient care, data privacy, drug development, and clinical trials. Risk analytics helps organizations ensure compliance with these regulations by identifying and mitigating risks of non-compliance. Healthcare organizations and life sciences companies also face financial risks associated with fraud, billing errors, revenue cycle management, and reimbursement challenges. Risk analytics helps in detecting anomalies and optimizing financial processes to mitigate these risks.
Asia Pacific is expected to grow at the highest CAGR during the forecast period
The Asia-Pacific (APAC) region is experiencing rapid growth in the Risk Analytics Market, boasting the highest Compound Annual Growth Rate (CAGR). This surge is primarily attributed to rising demand for data-driven decision-making solutions, expanding digital transformation initiatives across industries.. Moreover, the region’s favorable regulatory environment, growing investments in big data analytics, and the integration of advanced technologies like the Internet of Things (IoT) further propel APAC’s dominance in Risk Analytics Market growth.
Top Key Companies in Risk Analytics Market:
The major risk analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), FIS(US), Moody’s Analytics (US), ProcessUnity(US), ServiceNow (US), Marsh (US), Aon (UK), MetricStream (US), Resolver (Canada), SAP (Germany), Milliman(US), LogicManager(US), Provenir(US), SAI360(US), Deloitte(UK), OneTrust(US), Diligent(US), Alteryx(US), CRISIL(India), Archer(US), ZestyAI(US), Fusion Risk Management(US), RiskVille(Ireland), SPIN Analytics(UK), Kyvos Insights(US), Imperva(US), Cirium(UK), Quantexa(UK), ClickUp(US), Sprinto(US), Ventiv(US), Adenza(US), Centrl.AI(Canada), SafetyCulture(Australia), Quantifi(US), CubeLogic(UK), Onspring(US), Riskoptics(US). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Risk Analytics Market.
Recent Developments:
In March 2024, Orcale announced Oracle Risk Management Cloud in Release 24B. It offers comprehensive solution designed to help organizations identify, assess, and mitigate risks across their business operations. It offers advanced analytics, automation, and collaboration tools to streamline risk management.In March 2024, FIS Global announces card fraud detection capabilities leveraging artificial intelligence (AI) with aim to bolster FIS’s ability to identify and prevent fraudulent transactions, providing greater security for cardholders and financial institutions alike.In March 2024, Aon acquired an AI-powered platform to assist fleet and mobility clients in making data-driven decisions, enhancing operational efficiency and risk management. The platform utilizes artificial intelligence to analyze data and provide insights, enabling clients to optimize their fleet operations and improve decision-making processes.In March 2024, Crisp joined Resolver, with the aim to enhance Resolver’s risk intelligence capabilities by integrating Crisp’s expertise and technology into its platform, offering clients improved risk assessment and mitigation tools.In February 2024, SAS partnered with Carahsoft to bring analytics, AI, and data management solutions to the public sector. The aim is to leverage SAS’s expertise in advanced analytics and Carahsoft’s extensive government market reach to offer tailored solutions that enable public sector organizations to harness the power of data for informed decision-making and improved outcomes.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=210662258
Risk Analytics Market Advantages:
By offering insights into potential risks, opportunities, and trends, risk analytics helps organisations make data-driven decisions that improve strategic planning and resource allocation.In order to improve risk management procedures and lessen exposure to possible threats, risk analytics solutions assist businesses in identifying, evaluating, and mitigating risks across a range of business activities, including finance, operations, and compliance.Through real-time monitoring and anomaly detection made possible by risk analytics, organisations may proactively address shifting market situations, legal requirements, and cybersecurity threats.Risk analytics solutions assist organisations lower operating costs, increase productivity, and streamline compliance activities, which results in cost savings and resource optimisation. They do this by streamlining risk management procedures and automating routine work.Accurate risk assessments, audit trails, and reporting capabilities are just a few of the ways that risk analytics solutions help organisations comply with regulations and stay out of trouble.Organisations can enhance their resilience and competitiveness by anticipating and mitigating potential hazards before they materialise through the use of predictive modelling and advanced analytics approaches in risk analytics.Report Objectives
To define, describe, and predict the Risk Analytics Market by offering, risk type, risk stages, vertical, and regionTo provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the market growthTo analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments with respect to five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile the key players and comprehensively analyze their market rankings and core competenciesTo analyze the competitive developments, such as partnerships, product launches, and mergers & acquisitions, in the Risk Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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Artificial Intelligence
Robotic Palletizer Market worth $1.9 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, April 19, 2024 /PRNewswire/ — The robotic palletizer market is projected to grow from USD 1.4 billion in 2024 and is expected to reach USD 1.9 billion by 2029, growing at a CAGR of 5.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. Rising awareness towards workplace safety and reducing the risk of work-related injuries to drive the market. Robotic palletizers significantly enhance workplace safety and reduce the risk of work-related injuries and associated costs. By automating repetitive tasks like palletizing, businesses can redeploy their human workforce to higher-value activities that require human skills like problem-solving, critical thinking, and customer interaction. This allows them to optimize their workforce and leverage human capabilities more effectively.
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Browse in-depth TOC on “Robotic Palletizer Market” 100 – Tables60 – Figures200 – Pages
Robotic Palletizer Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 1.4 billion
Estimated Value by 2029
$ 1.9 billion
Growth Rate
Poised to grow at a CAGR of 5.9%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Component, Robot Type, Application, End-use Industry and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
High initial investment cost
Key Market Opportunities
Increasing application in small and medium-sized enterprises
Key Market Drivers
Growing labor shortage and need for workforce optimization
Collaborative robots in the robot type segment are expected to witness higher growth rate during the forecast period.
Collaborative robots are expected to witness a higher CAGR during the forecast period. Unlike traditional industrial robots that often require physical barriers or cages to protect human workers, cobots are equipped with advanced safety features, such as force and torque sensors, collision detection, and speed monitoring. These features enable cobots to operate safely in proximity to humans without posing significant risks of injury.
The Pharmaceutical segment in the robotic palletizer market is expected to witness highest growth rate during the forecast period.
Pharmaceutical products are subject to strict regulations regarding storage, handling, and quality control. Robotic palletizers play a crucial role in providing greater precision and consistency in palletizing tasks and minimizing the risk of contamination within pharmaceutical manufacturing facilities. It also reduces human intervention in the handling and stacking of products and helps mitigate the potential for cross-contamination and ensures adherence to strict hygiene standards.
End-of-Arm- Tooling (EOAT) component is expected to witness the highest CAGR in the robotic palletizer market during the forecast period.
End-of-arm tooling (EOAT) is a crucial element of a robotic arm system, especially in applications like robotic palletizing, where the robot needs to interact with various objects or products. EOAT essentially acts as the hand of the robotic arm, designed to securely grasp, lift, and place boxes or cases onto pallets. Overall, EOAT plays a vital role in the effectiveness of robotic palletizers as it ensures secure handling of products, efficient palletizing patterns, and smooth operation of the entire system.
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North America is expected to hold the largest share of the robotic palletizer industry during the forecast period.
North America is home to major automobile and retail companies, which has accelerated the demand for robotic palletizers in this region. Additionally, the rise in manufacturing activity, fueled by plans for reshoring and technological improvements, has further driven the need for robotic palletizers. In North America, certain government funds are available to increase workplace safety. In 2023, the Occupational Safety and Health Administration announced a grant of approximately USD 12.7 million to 100 non-profit organizations across the nation to provide education and training for workers and employers about recognizing workplace hazards, injury prevention, and understanding workers’ rights and employers’ responsibilities under federal law. Businesses that use robotic palletizers may be eligible for funding as they lower the risk of worker injuries from manual lifting.
Key Players
Leading players in the robotic palletizer companies include FANUC CORPORATION (Japan), KION GROUP AG (Germany), KUKA AG (Germany), ABB (Switzerland), and Krones AG (Germany). Schneider Packaging Equipment Company, Inc. (US), Honeywell International Inc. (US), Kaufman Engineered Systems (US), Concetti S.p.A. (Italy), Sidel (France), Brenton, LLC. (US), A-B-C Packaging Machine Corporation (US), Antenna Group (Italy), BEUMER GROUP (Germany), Brillopak (UK), BW Integrated Systems (US), Columbia Machine, Inc. (US), Euroimpianti S.p.A. (Italy), Fuji Yusoki Kogyo Co., Ltd. (Japan), HAVER & BOECKER OHG (Germany), KHS Group (Germany), MMCI (US), Okura Yusoki Co., Ltd. (Japan), Rothe Packtech Pvt. Ltd. (India), and S&R Robot Systems, LLC. (US) are few other key companies operating in the robotic palletizer market.
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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