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(I-SoftwareNews.Com, June 22, 2021 ) The study covers in-depth analysis, growth and forecast of the Global Pick and Place Robot Market. The report includes market analysis on global & regional level. Also, the study report comprises historical data analysis from 2015 to 2018 and market forecast for 2020 to 2027 based on revenue generated.
A Pick and place robotics system is used in the modern manufacturing processes. These robots pick up several products and place them in other locations. Pick and place robots are widely employed for material handling, machine tending, and assembly tasks.
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The increase in demand for robotics in manufacturing industries is expected to drive the growth of global pick and place robot market. Also, growing requirement for intelligent modernization to decrease product delivery time as well as increased demand for high automation in packaging line are the important factors propelling the global pick and place robot market growth.
Impact of COVID-19 on Market
COVID-19 pandemic is expected to positively influence the global pick and place robot market during this forecast period. Due to the lockdown supply chain has been disrupted but the industry has grown significantly. The growing spread of COVID-19 has boosted the sales of automated solutions.
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By Product Type
• Pharma and Chemistry,
• Plastic and Polymer
• Metal and Mining
• Food & Beverage Packaging
• North America
• Latin America
• Asia Pacific
• Middle East & Africa
The Global Pick and Place Robot Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America region is expected to hold maximum market share in the market, due to the continuous technological advancements in the region, and presence of key manufacturers in the region. Further, the APAC region accounted for the faster growth in the pick and place robot industry, and is expected to maintain its position throughout the forecast period. This is attributed to huge investment by consumer products and manufacturing industry players in automation.
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