The growth in various manufacturing facilities across the globe is expected to positively influence the robotic bow tying market in the near future. Manufacturers are also presenting packaging robots, along with innovative technological features and add-on perks like customized operational speed, accuracy, efficiency and high precision. 

Robotic packaging manufacturers have begun designing packaging robots as per company requirements. One of the packaging robot manufacturer introduced a pick and pack robot for a pharmaceutical company where the robots can pick and then place the cartridges two times faster than the traditional packaging robots that are presently used. More value added integration of technology in the robotic bow tying systems by manufacturers will increase the demand for the packaging robots and drive the robotic bow tying system market.

With a focus on innovative marketing strategies, leading companies have come up with aesthetically-pleasing packaging designs and solutions. One of them is the packing the product in the form of a gift. Human beings can consistently tie beautiful looking bows at a rate of nearly five bows per minute; however, maintaining this consistency for long-term becomes a challenge. Tying bows all day long along with other trading work increases the risk of repetitive motion damages and Carpel tunnel syndrome. Automating this process can not only improve worker safety, but also lead to increased production output.

The first robotic bow tying system was manufactured for Esther Price Fine Chocolates, a chocolate manufacturer. It was a flexible automation system in which 3D simulation software was used for precise programming and it also reduced the size of the robot. A Yaskawa Motoman’s MotoSim EG, offline programming package was used which enables precise 3D automation of the robotic system. This robotic system could tie two boxes per minute for 12-14 hours consistently. The 3D simulation software makes a successful entry in the industrial motion control and robotics.

The end-use industries for this market can be segmented into pharmaceuticals, consumer products, food and beverages, tracking and logistics along with industrial packaging. The industrial packaging can further be sub-segmented into electronic devices, chemicals and others. The consumer products segment will be the most promising market for these robotic bow tying systems. The increasing demand for customized industrial robots for pick and place and packaging facilities is expected to enhance the market of robotic bow tying systems across the globe.

Robotic Bow Tying Market: Region-wise Segmentation

The Robotic bow tying system market can also be segmented on the basis of region. Asia Pacific is one of the largest markets for robotic bow tying system with China at the forefront of global sales. In a bid to tap into the Asia Pacific market, leading multinationals are making a foray, but are facing stiff price competition from Chinese manufacturers. Asia Pacific is followed by Europe and North America. During the forecast period 2016-2024, the robotic bow tying market in developed regions is anticipated to witness moderate growth; however, in developing regions, the market is expected to grow at a robust pace. This is due to the increasing packaging and logistics market in the developing countries.Amongst the developing regions, Latin America and MEA will witness a relatively slower growth rate.

Robotic Bow Tying Market: Key Players

The key players in this market are Yaskawa Electric Corporation, aXatronics and the upcoming competitors in this field are Mitsubishi Electric Corporation, Fanuc Corporation, Kuka Roboter GmbH, ABB Limited and Bosch Packaging Technology and Schneider Electric SE.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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Robotic Bow Tying Systems Market