The material handling robot market is the market for industrial robots meant to execute material handling operations such as sorting, picking, packing, and palletizing. Manufacturing, automotive, e-commerce, food & beverage, and pharmaceuticals are among the industries that employ these robots. Factors such as the need for enhanced efficiency and productivity, improvements in robotics technology, and the rising need for automation in various sectors drive the market for material handling robots.
Material-handling robots are used to move, lift, and carry things in a range of sectors. These robots move and perform material handling duties by utilising various technologies such as artificial intelligence, sensors, and mapping systems. The rising need for automation in a variety of industries, including manufacturing, shipping, and e-commerce, is expected to drive the global market for material handling robots forward in the coming years. Technology advances, such as the development of new sensors and mapping systems, as well as the increased usage of cloud computing and big data analytics, are also expected to benefit the industry.
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What’s Driving High Demand for Material Handling Robot across Regions?
- Increased efficiency and productivity: Material handling robots are designed to perform tasks quickly and accurately, which helps to increase productivity and efficiency in industries such as manufacturing, logistics, and e-commerce.
- Reduction in labor costs: Material handling robots can perform repetitive tasks 24/7 without the need for breaks or rest, reducing the need for human labor and associated costs.
- Advancements in robotics technology: Advancements in robotics technology, including sensors, artificial intelligence, and machine learning, have improved the capabilities and flexibility of material handling robots, making them more efficient and adaptable to different environments.
- Growing demand for automation: The growing demand for automation across different industries is driving the adoption of material handling robots, as they can help to streamline processes, reduce errors, and increase throughput.
- Safety and ergonomics: Material handling robots can be used in hazardous or challenging environments, reducing the risk of injuries to human workers. Additionally, they can be designed to reduce strain and fatigue on workers, improving overall ergonomics.
- Increasing demand from emerging economies: Emerging economies, such as China and India, are experiencing rapid industrialization and urbanization, leading to an increase in demand for material handling robots in these regions
Key points from the market study
- The global material handling robot market is projected to reach USD 12,646.3 million by 2033.
- The market experienced a CAGR of 8.6 % between 2018 and 2022.
- Packaging using material handling robots in the applications segment will have a market share of 20.2 % in 2023.
- In terms of final consumption, food and beverages are projected to be worth $ 1,299.0 million in 2023.
- The demand for material handling robots is projected to be valued at USD 1,230.3 million in 2023 and increase at a CAGR of 22.2 % in Europe during the forecast period.
Competitive Landscape
Important players are implementing business expansion strategies to enhance their product portfolios and keep up with the competition in the market. These businesses want to increase their customer service and service presence in the area.
- Brooks announces an agreement to purchase Precision Automation in April 2021. Human-robot workflows are made possible by Precision Automation’s technology in a secure and user-friendly way.
Key Companies Profiled
- ABB
- AUBO Robotics
- Energid Technologies Corporation
- FANUC Corporation
- Franka Emika GmbH
- Kawasaki Heavy Industries, Ltd
- KUKA AG
- MRK-Systeme GmbH
- Nachi Robotic Systems, Inc,
- Precise Automation, Inc.
- Productive Robotics, Inc.
- Rethink Robotics
- Robert Bosch GmbH
- Techman Robots
- Universal Robots
Segmentation of Material Handling Robot Industry Research
- By System :
- Unit Load Material Handling System
- Bulk Load Material Handling System
- By Function :
- Storage
- Transportation
- Assembly
- Packaging
- Distribution
- Waste Handling
- By Application :
- Pick and place
- Palletizing
- Packaging
- Product Transfer
- Others
- By End Use Industry :
- Automotive
- Chemicals
- Aerospace & Defense
- Electrical & Electronics
- Food & Beverages
- Industrial Machinery
- Others
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East and Africa (MEA)
Overall, the combination of increased efficiency and productivity, reduced labor costs, advancements in robotics technology, growing demand for automation, safety and ergonomics, and increasing demand from emerging economies are all driving the high demand for material handling robots across different regions
