According to Cognitive Market Research, the global palletizing equipment market size is USD 2581.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.60% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 1032.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.8% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 774.36 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 593.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.
Latin America's market has more than 5% of the global revenue, with a market size of USD 129.06 million in 2024, and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 51.62 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.
The pharmaceutical and personal care held the highest palletizing equipment market revenue share in 2024.
