QY Research has published another report with a title, “Global Palletizer Market Study Report 2019,” to analyze the key market trends and development of the palletizer market for the projected of 2018-2024. According to the report, the global Palletizer market was valued at US$ 700 Mn in the year 2018 and is likely to touch the value of US$ 860 Mn by the end of 2024. The market is rising with a sluggish CAGR of 3.5% over the predicted period.
Global Palletizer Market: Drivers and Restraints
The global palletizer market is growing due the technology advancements along with the key players’ strategy for increasing their operational efficiency and supply chain utilization of the products. An increasing demand for palletizer in the food and beverages industry is augmenting the growth of the market. The rising demand for innovative palletizing machines in the food and beverages sector for the packaging of goods is likely to fuel the growth of the market. One of the trends such as the development of new human machine interface controls is changing the both robotic and old palletizers market in the near future.
However, the high cost of investment is creating a negative impact on the growth of the global market during the anticipated period.
Global Palletizer Market: Segmental Analysis
Based on the application, the market is segmented into Industrial, Food & Beverage, Consumer Goods, and Others. While on the basis of type, the market is segmented into Robotic Palletizer and Conventional Palletizer
Global Palletizer Market: Forecast by Region
Europe is expected to capture largest revenue share in the global market for palletizer. The US and Asia Pacific are also significantly growing in terms of grabbing revenue share in the market. Asia-Pacific in particular is the rapidly growing market for palletizers during the projected period. On the other hand countries in South America and Middle East are also likely to witness speedy growth in the global palletizer market.
Global Palletizer Market: Key Players
The major companies operating into the global market for palletizer are ESTUN, FUNAC, LIMA, Fuji Yusoki, Triowin, ABB, SIASUN, KUKA, BOSHI, YASKAWA, Kawasaki, TopTier, Gebo Cermex, C&D Skilled Robotics, Arrowhead Systems, A-B-C Packaging, and Möllers, Columbia/Okura.
ABB Q4 Revenues and Earnings, Miss Estimates and Orders Up on Y-o-Y Basis
According to Zacks Investment Research, the company reported its quarter fourth revenues and earnings on March 1, 2019. In the quarter, the operating earnings were 30 cents per share by missing the Zacks consensus estimation of 40 cents. In the year 2018, the firm’s operational earnings were $1.33 per share, up 6.4% on a Y-o-Y basis. ABB’s total quarter fourth revenues were $7,395 Mn up by 8.7% from the previous quarter. The firm reported its 2018 revenue which was $27,662 Mn up by 9.8% on a Y-o-Y Basis.
Full Overview of the Report @ https://www.qyresearch.com/index/detail/955864/global-palletizer-market