Global Material Handling Robotics Market, By Type (Transportation Handling Robots, Positioning, Unit Load Formation Robots, Articulated Robots, Cartesian Robots, SCARA Robots, Storage, Identification and Control Robots), Function (Assembly, Packaging, Transportation, Distribution, Storage and Waste Handling), Application (Pick and Place, Palletizing/De-Palletizing, Packing and packaging, Product/Part Transfer and Machine Tending), End User (Automotive, Chemical, Electrical and Electronics, Industrial Machinery, Food and Beverage and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Growing focus on the technological advancements by the major manufacturers, rising up gradation of existing infrastructure with advanced systems, rising adoption of robots across various industries to avail automation in the processes and operations are the major factors attributable to the growth of material handling robotics market. Data Bridge Market Research analyses that the material handling robotics market will exhibit a CAGR of 10.49% for the forecast period of 2022-2029. Therefore, the material handling robotics market value would rocket up to USD 52.39 billion by 2029.
From the name itself, it is clear that material handling robotics refers to the robots that are efficient in handling heavy materials, grading them, packaging, pick and place, palletizing/de-palletizing, and others. The application of material handling robotics reduces the probability of human errors as it doesn’t require any kind of human intervention.
Rising globalization and growth in the demand for automotive industrial solutions that reduce the damage will emerge as the major market growth driving factors. Growing number of manufacturing facilities, surging development of production plants, increasing adoption of industrial collaborative robots and widespread industrialization will further aggravate the market value. Growing expenditure to undertake research and development proficiencies, growing demand for cutting-edge technologies such as big data analytics and internet of things (IOT) and growth and expansion of various end user verticals especially in the developing regions will further carve the way for the growth of the market.
However, dearth of knowledge and technological expertise will act as a growth restraint for the market. Technological challenges, interoperability issues and high installation and maintenance costs will further dampen the growth rate of the market. Large scale technological limitations in the underdeveloped economies will further challenge the market growth rate.
This material handling robotics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on material handling robotics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Material Handling Robotics Market Scope and Market Size
The material handling robotics market is segmented on the basis of type, function, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- 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 robots, SCARA robots, storage and identification and control robots.
- Based on function, the material handling robotics market has been segmented into assembly, packaging, transportation, distribution, storage and waste handling.
- Based on 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.
- The end user segment is segmented into automotive, chemical, electrical and electronics, industrial machinery, food and beverage and others.
Material Handling Robotics Market Country Level Analysis
The material handling robotics market is analysed and market size, volume information is provided by country, type, function, application and end user as referenced above.
The countries covered in the material handling robotics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the material handling robotics market and will continue to flourish its trend of dominance during the forecast period. This is because of the increasing expenditure for research and development proficiencies, presence of major key players in the region and rising awareness related to material handling robotics. Asia-Pacific region is projected to undergo substantial during the forecast period owing to the surging number of end user industries and growing demand and adoption of automated industrial services.
The country section of the material handling robotics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Material Handling Robotics Market Share Analysis
The material handling robotics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to material handling robotics market.
Some of the major players operating in the material handling robotics market are ABB, Universal Robots, Nachi Robotic Systems, Inc, Rethink Robotics, KUKA AG, FANUC Corporation, Robert Bosch GmbH, Kawasaki Heavy Industries, Ltd, Precise Automation, Inc., MRK-Systeme Gmbh, Energid Technologies Corporation, F&P Robotics AG, Productive Robotics, Inc., MABI ROBOTIC AG, Quanta Storage Inc., Franka Emika GmbH, AUBO Robotics, Techman Robots, Stäubli International AG, YASKAWA ELECTRIC CORPORATION, Comau S.p.A., Teradyne Inc., Automatica Kassow Robots, Vecna, Robotiq Inc. and OMRON Corporation among others.
Customization Available : Global Material Handling Robotics Market
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