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Packaging Robot Market, Highest Growing Region, Key Vendors, And Future Forecasts To 2024 June 10, 2021
By Zaraki Kenpachi -
A fresh market intelligence study by Transparency Market Research (TMR) projects the demand in the global packaging robot market to increment at a strong CAGR of 14.0% during the forecast period of 2016 to 2024. The report has also detected that the competition in the global packaging robot market is intense, and every single prominent player is aggressive about branding strategies in order to gain ground over the competitors. The study has evaluated that the top ten players, including KUKA Roboter GmbH, ABB Ltd., FANUC Corporation, and Yaskawa Electric Corporation, accounted for 32% shares of the market in 2016. As per the estimations provided by the report, the global packaging robot market will be worth US$5.03 bn by the end of the forecast period, which is 2024, considerably up from its evaluated valuation of merely US$1.67 bn in 2016. In the near future, the report foresees the competitive landscape of the packaging robot market to witness a number of mergers and acquisitions and joint ventures, a pattern that has been very evident in the recent past. For example, in March 2016, KUKA Roboter GmbH collaborated with Huawei Technologies Co. Ltd. For research and development activities, whereas Bosch Packaging Technology aligned a joint venture with Klenzaids Contamination Controls Private Limited, an Indian 몭rm. Along the same lines, FANUC Corporation has increased its focus on machine learning via its partnership with Preferred Networks Inc. Get sample copy of at: