Pick And Place Machine Market Research Report By Machine Type (Gantry Pick and Place Machines, Selective Pick and Place Machines, Turret Pick and Place Machines, Delta Pick and Place Machines), By Application (Electronics Assembly, Semiconductor Packaging, Medical Device Assembly, Automotive Manufacturing), By Speed (Low Speed (less than 15,000 CPH), Medium Speed (15,000 to 50,000 CPH), High Speed (over 50,000 CPH)) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Pick And Place Machine Market Overview:

As per MRFR analysis, the Pick And Place Machine Market Size was estimated at 5.16 (USD Billion) in 2022. The Pick And Place Machine Market Industry is expected to grow from 5.38(USD Billion) in 2023 to 7.79 (USD Billion) by 2032. The Pick And Place Machine Market CAGR (growth rate) is expected to be around 4.21% during the forecast period (2024 - 2032).

Key Pick And Place Machine Market Trends Highlighted

The escalating demand for electronics, automation, and miniaturization in various industries is driving the growth of the pick-and-place machine market. The increasing adoption of surface mount technology (SMT) in electronic manufacturing, coupled with the rising complexity of printed circuit boards (PCBs), is fueling the need for precision and high-speed pick-and-place machines. 

The growing trend toward smaller and more complex electronic components also necessitates the use of advanced pick-and-place machines capable of handling delicate components with accuracy. Moreover, the growing demand for flexible and customizable production lines is raising the adoption of pick-and-place machines that can handle a wide range of components and variations.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Pick And Place Machine Market Drivers

Growing Demand for Electronics

The electronics industry presents an avenue for growth for the Global Pick And Place Machine Market Industry. Since the number of electronic devices, such as laptops, tablets, and smartphones, has grown, the demand for the devices has also been on the rise. Pick and place machines are crucial in the assembly of these electric products. The devices’ complexity has been increasing, with the application of the Internet of Things increasing the number of electronics that are connected to the Internet.As such, this is expected to boost the demand for the machines.

Technological Advancements

The Global Pick And Place Machine Market Industry is also being driven by technological advancements. The development of new and innovative pick-and-place machines is making them more efficient, accurate, and faster. This makes them more attractive to manufacturers who are looking for ways to improve their production processes. In addition, the increasing availability of automation software is also making pick and place machines more accessible to small and medium-sized businesses.

Rising Labor Costs

Another factor that is boosting the growth of the Global Pick And Place Machine Market Industry is the increasing cost of labor. In many parts of the world, the cost of labor has increased almost continuously over the past several years, making it more expensive for manufacturers to hire and retain workers. This, in turn, has made manufacturers more eager to find ways to automate their production processes, and pick and place machines offer a comparatively affordable way to do so.

Pick And Place Machine Market Segment Insights:

Pick And Place Machine Market Machine Type Insights

The Global Pick And Place Machine Market is segmented by Machine Type into Gantry Pick and Place Machines, Selective Pick and Place Machines, Turret Pick and Place Machines, and Delta Pick and Place Machines. Gantry Pick and Place Machines are estimated to be the segment leader in 2023 and will continue to dominate the market throughout the forecast period. This is owing to their higher speed, accuracy, and flexibility, making them suitable for a wide range of applications. These machines are used in the production of electronic, automotive, and medical devices.The growth of Selective Pick and Place Machines is expected to be the fastest during the forecast period, owing to their increasing application in the production of electronic devices, particularly small, complex, and densely populated components. Turret Pick and Place Machines are estimated to be the segment’s key player, accounting for a significant number of 2023 shares. These machines are widely used in the automotive and electronics industries as a result of their high speed and precision. Delta Pick and Place Machines are estimated to account for a tiny number of shares in 2023.These machines are ideal for high-speed, high-precision tasks, such as in the electronic and medical industry or in the semiconductor industry. The market’s expansion is being driven by an increase in the popularity of electronic, automotive, and healthcare products, as well as an increase in the use of automation across the manufacturing sector.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Pick And Place Machine Market Application Insights

The Global Pick And Place Machine Market is segmented by Application into Electronics Assembly, Semiconductor Packaging, Medical Device Assembly, and Automotive Manufacturing. Electronics Assembly dominates the market with a revenue share of nearly 35% in 2023, driven by the increasing demand for electronic devices such as smartphones, laptops, and tablets. The Semiconductor Packaging segment is projected to exhibit the highest CAGR during the forecast period, owing to the growing adoption of advanced packaging technologies such as fan-out wafer-level packaging (FOWLP) and system-in-package (SiP).Medical Device Assembly is another significant segment, with a revenue share of around 20% in 2023, due to the increasing demand for precision and efficiency in medical device manufacturing. Automotive Manufacturing also holds a substantial market share, with a revenue contribution of approximately 18% in 2023, driven by the growing demand for automated assembly lines in the automotive industry.

Pick And Place Machine Market Speed Insights

The Global Pick And Place Machine Market segmentation by Speed, namely low speed (less than 15,000 CPH), medium speed (15,000 to 50,000 CPH), and high speed (over 50,000 CPH), aids in understanding diverse customer requirements. In 2023, the medium-speed segment held a dominant share of around 45% of the Global Pick And Place Machine Market revenue, driven by the widespread adoption of these machines for various applications in industries such as automotive, electronics, and semiconductors. The low-speed segment is projected to witness steady growth owing to increasing demand for precision assembly in sectors like medical and aerospace.Conversely, the high-speed segment is anticipated to gain traction as manufacturers seek enhanced production efficiency and throughput. The evolving market landscape emphasizes the need for tailored solutions, ensuring that manufacturers can optimize their operations based on specific speed requirements.

Pick And Place Machine Market Regional Insights

The regional segmentation of the Global Pick And Place Machine Market offers valuable insights into the geographical distribution of market growth and opportunities. North America held the largest revenue share in 2023, owing to the presence of leading technology companies and a high concentration of electronics manufacturing hubs. Europe is expected to witness a steady growth rate driven by the rising demand for automation in various industries. APAC is anticipated to be the fastest-growing region, with countries like China and India experiencing rapid industrialization and increasing adoption of advanced manufacturing technologies.South America and MEA are expected to have modest growth rates, but they present significant untapped potential for market expansion.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Pick And Place Machine Market Key Players And Competitive Insights:

Major players in the Pick And Place Machine Market industry are continuously involved in introducing new and innovative Pick And Place Machine Market technologies and solutions to gain competitive advantage. Leading Pick And Place Machine Market players are also focusing on strengthening their distribution channels and expanding their geographical reach to cater to the growing demand for Pick And Place Machine Market in emerging markets. The Pick And Place Machine Market industry is expected to witness significant development in the coming years, with key players focusing on developing and introducing advanced technologies and solutions. Furthermore, the increasing adoption of automation in various industries is also expected to drive the growth of the Pick and Place Machine Market. The Pick And Place Machine Market Competitive Landscape is characterized by the presence of a large number of global and regional players.Yamaha Motor is a global leader in the Pick And Place Machine Market, with a wide range of products and solutions catering to various industries. The company has a strong presence in the Asia-Pacific region and is also expanding its reach in other regions. Yamaha Motor is known for its high-quality Pick And Place Machine Market products and its commitment to innovation. The company has a strong focus on research and development, and it continuously invests in developing new and innovative technologies. Yamaha Motor has a well-established distribution network and a strong customer base in various industries. The company's key strengths include its strong brand recognition, its wide range of products and solutions, its commitment to innovation, and its global reach.Panasonic is another leading player in the Pick And Place Machine Market. The company offers a wide range of Pick And Place Machine Market products and solutions, including high-speed and high-precision Pick And Place Machine Market machines. Panasonic has a strong presence in the Asia-Pacific region and is also expanding its reach in other regions. The company is known for its high-quality Pick And Place Machine Market products and its commitment to innovation. Panasonic has a strong focus on research and development, and it continuously invests in developing new and innovative technologies. Panasonic has a well-established distribution network and a strong customer base in various industries. The company's key strengths include its strong brand recognition, its wide range of products and solutions, its commitment to innovation, and its global reach.

Key Companies in the Pick And Place Machine Market Include:

• Kuka


• Yaskawa Electric


• Denso


• Kawasaki Heavy Industries


• ABB


• Universal Robots


• NachiFujikoshi


• Mitsubishi Electric


• Epson Robots


• Yamaha Robotics


• Adept Technology


• Comau


• ST Robotics


• Fanuc

Pick And Place Machine Market Industry Developments

The global Pick and Place Machine market is projected to reach USD 7.79 billion by 2032, exhibiting a CAGR of 4.21% from 2024 to 2032. Increasing adoption of automation in manufacturing industries, rising demand for high-speed and precision placement machines, and growing electronic component production drive market growth. Recent advancements include collaborative robots for enhanced flexibility and productivity and AI-integrated machines for optimizing placement accuracy. The market is expected to witness significant growth in the Asia-Pacific region due to the presence of major electronics manufacturing hubs. Key players are focusing on strategic partnerships, product innovations, and expanding their global presence to cater to the growing demand.

Pick And Place Machine Market Segmentation Insights

• Pick And Place Machine Market Machine Type Outlook
  
  
  
  • Gantry Pick and Place Machines
  
  
  • Selective Pick and Place Machines
  
  
  • Turret Pick and Place Machines
  
  
  • Delta Pick and Place Machines
  
  
  
  


• Pick And Place Machine Market Application Outlook
  
  
  
  • Electronics Assembly
  
  
  • Semiconductor Packaging
  
  
  • Medical Device Assembly
  
  
  • Automotive Manufacturing
  
  
  
  


• Pick And Place Machine Market Speed Outlook
  
  
  
  • Low Speed (less than 15,000 CPH)
  
  
  • Medium Speed (15,000 to 50,000 CPH)
  
  
  • High Speed (over 50,000 CPH)
  
  
  
  


• Pick And Place Machine Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa