Material handling robotics encompasses robots capable of efficiently handling heavy materials, performing tasks such as grading, packaging, pick and place operations, palletizing/de-palletizing, and more. These robotics systems minimize the likelihood of human errors, as they operate autonomously without the need for human intervention. The market for material handling robotics is driven by factors such as rising globalization, increased demand for automotive industrial solutions, and the need for reducing damage. The growth is further supported by the expansion of manufacturing facilities, development of production plants, adoption of industrial collaborative robots, and overall industrialization.
According to Data Bridge Market Research, the Material Handling Robotics Market is expected to reach USD 52.39 billion by 2029. The market is expected to grow with a CAGR of 10.49% in the forecast period of 2022 to 2029.
“Increase in the number of manufacturing facilities drives the market”
As the number of manufacturing facilities grows worldwide, there is a rising need to streamline production processes, reduce time consumption, and improve accuracy. Material handling robots have proven to be highly efficient in simplifying tasks for manufacturers, leading to increased productivity. Consequently, the demand for these robots is expected to rise significantly during the forecast period, driven by the need to enhance operational efficiency in manufacturing operations.
What restraints the growth of the material handling robotics market?
“High cost of maintenance of material handling robotics hinders market’s growth”
The growth of the global material handling market is impeded by the cost of maintenance associated with material handling robotics. The expenses involved in maintaining and servicing these robotics systems can pose a significant challenge for businesses, potentially hindering their adoption and expansion. This factor limits the growth potential of the material handling market, as companies may be hesitant to invest in these technologies due to the ongoing maintenance costs involved which hinders the market’s growth.
Segmentation: Material Handling Robotics Market
The material handling robotics market is segmented on the basis of type, function, application, and end user.
- On the basis of type, the material handling robotics market has been segmented into transportation handling robots, positioning, unit load formation robots, Articulated Robots, Cartesian, SCARA robots, storage and identification and control robots.
- On the basis of function, the material handling robotics market has been segmented into assembly, packaging, transportation, distribution, storage and waste handling.
- On the basis of application, the material handling robotics market has been segmented into pick and place, palletizing/de-palletizing, packing and packaging, product/part transfer and machine tending.
- On the basis of end user, the material handling robotics market has been segmented into automotive, chemical, electrical and electronics, industrial machinery, food and beverage and others.
Regional Insights: Asia-Pacific dominates the Material Handling Robotics Market
Asia-Pacific dominates the material handling robotics market and is expected to continue its trend of dominance throughout the forecast period. This can be attributed to several factors, including increased investment in research and development capabilities, the presence of major key players in the region, and a growing awareness regarding the benefits of material handling robotics. The Asia-Pacific region is projected to witness significant growth due to the rising number of end-user industries and the increasing demand and adoption of automated industrial services.
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The Prominent Key Players Operating in the Material Handling Robotics Market Include:
- ABB (Switzerland)
- Universal Robots (Denmark)
- Nachi Robotic Systems, Inc (U.S.)
- Rethink Robotics (U.S.)
- KUKA AG (Germany)
- FANUC Corporation (Japan)
- Robert Bosch GmbH (Germany)
- Kawasaki Heavy Industries, Ltd (Japan)
- Precise Automation, Inc. (U.S.)
- MRK-Systeme Gmbh (Germany)
- Energid Technologies Corporation (U.S.)
- F&P Robotics AG (Switzerland)
- Productive Robotics, Inc. (U.S.)
- MABI ROBOTIC AG (Switzerland)
- Quanta Storage Inc. (Taiwan)
- Franka Emika GmbH (Germany)
- AUBO Robotics (U.S.)
- Techman Robots (Taiwan)
- Stäubli International AG (Switzerland)
- YASKAWA ELECTRIC CORPORATION (Japan)
- Comau S.p.A. (Italy)
- Teradyne Inc. (U.S.)
- Automatica Kassow Robots (Germany)
- Vecna (U.S.)
- Robotiq Inc. (Canada)
- OMRON Corporation (Japan)
Above are the key players covered in the report, to know about more and exhaustive list of material handling robotics market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Material Handling Robotics Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
