Material Handling Robotics Market Report

Market Insights

The global material handling robotics market is expected to grow from USD 25.54 billion in 2022 to USD 51.66 billion by 2029 at a CAGR of 10.6% during the forecast period.

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What is Material Handling Robotics?

Material handling robotics refers to the use of robotic systems to automate the movement, storage, and retrieval of materials within a manufacturing, distribution, or logistics facility. These robots are typically equipped with sensors, cameras, and other technologies that allow them to identify and manipulate objects with precision, speed, and accuracy.

Material handling robots can be used for a wide range of applications, such as palletizing, sorting, packing, and transportation of goods. They can be programmed to work collaboratively with human workers or operate autonomously, depending on the needs of the facility.

The benefits of material handling robotics include increased productivity, efficiency, and safety, as well as reduced labor costs and improved quality control. As the technology continues to advance, material handling robotics is expected to play an increasingly important role in the future of manufacturing and logistics.

Key Players

The major players operating in the global material handling robotics market are:

• ABB
• Adept Technology Inc.
• Machinery Automation and Robotics Pty Ltd.
• Denso Wave Inc
• Daihen Engineering Co Ltd
• FANUC CORP
• Epson America Inc.
• KUKA Robotics Corporation
• Kawasaki Robotics Inc.
• Nachi Robotic Systems Inc.

Market Dynamics

Growing number of manufacturing facilities

There is a global trend of increasing numbers of manufacturing factories. With the expansion of various production facilities, there is a growing need to streamline work processes, reduce production time, and improve accuracy. To address these challenges, material handling robots have become increasingly popular among manufacturers as they offer higher productivity and simplify the manufacturing process.

The growth of the Robotic Trolley for Material Handling Market is primarily driven by the increasing demand for robotics in various manufacturing units to address safety concerns and reduce human error. Additionally, the manufacturing of these robots by the Robotic Trolley for Material Handling Market offers the potential to improve manufacturing plant efficiency and enhance customer satisfaction by delivering high-quality products.

These factors contribute to the overall growth of the Robotic Trolley for Material Handling Market. The robots are particularly useful in transporting heavy objects seamlessly from one location to another. Furthermore, the robots available in the Robotic Handling Device Market are capable of performing tasks such as conveyor tracking and collision detection.

High-precision and high-speed handling of sensitive and small components such as batteries, computer chips, and displays is essential in many industries. This requirement has led to the Asia Pacific region being a significant driver in the global robotics market due to the advanced technology and infrastructure in the region.

In Europe, the use of industrial robots in both small and large enterprises is driving the growth of this market. Furthermore, the penetration of the Internet of Things (IoT), government initiatives, and the adoption of artificial intelligence are expected to increase the sales of the robotics market, especially in the post-pandemic scenario.

Increasing labor costs and safety concerns

The cost of labor is a crucial factor for manufacturing companies as it directly impacts the cost of their final products. While the initial investment for material handling robots may be high, they provide a competitive advantage to businesses over time and reduce dependence on human labor.

Additionally, material handling robots are preferred for safety reasons as they eliminate the need for human involvement in hazardous operations. These factors are expected to drive the growth of the market for material handling robots over the forecast period.

Segment Analysis

Type Insights

The material handling robotics market is growing rapidly, driven by advances in robotic technology and increasing demand for automation in industries such as manufacturing, logistics, and warehousing. Here are some trends in the market by type:

Articulated Robots: Articulated robots, which are designed with multiple joints, are the most common type of material handling robot. They are versatile and can be used in a wide range of applications, from picking and placing to assembly and packaging. The demand for articulated robots is expected to continue to grow, driven by their flexibility and ease of programming.

Cartesian Robots: Cartesian robots, also known as gantry robots, use linear actuators to move in three axes. They are ideal for high-speed and high-precision applications, such as assembly and inspection. The demand for Cartesian robots is expected to grow, driven by their high speed and accuracy.

Collaborative Robots: Collaborative robots, or cobots, are designed to work alongside human workers, providing assistance with repetitive or physically demanding tasks. They are easy to program and can be quickly reconfigured for different tasks. The demand for collaborative robots is expected to continue to grow, driven by the need for flexible automation solutions that can adapt to changing production requirements.

Other Types: Other types of material handling robots, such as SCARA robots and mobile robots, are also seeing increased demand in the market. SCARA robots are commonly used for assembly and material handling applications, while mobile robots are used for autonomous transportation and material handling.

Geographic Analysis

According to industry experts, the Asia Pacific region is expected to hold the largest share of the material handling robotics market by the end of 2029, with a significant increase in compound annual growth rate (CAGR). This growth can be attributed to the rising awareness of the benefits of material handling robotics in the region. As a result, developing nations like China and various Southeast Asian countries are also experiencing an increase in Material Handling Robotics Market Statistics.

The growth of the e-commerce industry is also expected to drive the rise of Material Handling Robotics Market Statistics in the coming years. Lower labor costs and decreased transportation costs are additional factors that are fueling the growth of Material Handling Robotics Market Statistics in the Asia Pacific region.

The increasing demand for cutting-edge technologies like IoT and big data analytics in logistics for managing operational needs is also driving the growth of the Material Handling Robotics Market Share. China is expected to achieve a significant increase in Material Handling Robotics Market Size over the forecast period due to the improvement in the country's warehousing and manufacturing infrastructure.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

Recent Developments

• In October 2022, ABB launched smallest industrial robot in class for 1.5 kg payloads and has 50 percent higher payload than comparable robots in the market. It also consumes 20 percent less energy with the help of OmniCore E10 controller, which enables manufacturers to improve energy efficiency and reduce costs.
• In October 2022, Epson Robots launched DC-powered six axis robot arm for mobile manipulation.
• In July 2022, FANUC opened a new robotics and automation headquarters in Aguascalientes, Mexico.