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Market Snapshot

CAGR:8.62

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.62

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Report Overview

The Material Handling Robotics Market size is projected to grow at a CAGR of 6.18% between 2022 and 2032. The market size is forecasted to increase by USD 8,743.89 million. The market's growth is driven by various factors, including the automation of manufacturing processes, the need for efficient and precise material handling in industries, and the growing demand for advanced robotics solutions. Material handling robotics refers to the integration of robotic systems in industrial settings to automate tasks related to the movement, sorting, storing, and retrieval of materials.

Material Handling Robotics Market Overview:

Drivers:

One of the key drivers propelling the growth of the Material Handling Robotics Market is the increasing adoption of automation in manufacturing processes. Industries across sectors like automotive, electronics, food and beverage, and logistics are embracing automation to enhance operational efficiency, reduce labor costs, and ensure consistent quality. Material handling robotics solutions offer swift and accurate material movement, leading to optimized production processes.

Furthermore, the demand for precise and efficient material handling in industries is a significant driver. Material handling robotics systems can operate in environments that might be hazardous or challenging for humans, ensuring safe and error-free operations. This capability makes them suitable for applications in heavy lifting, hazardous material handling, and cleanroom environments.

Trends:

Integration of Artificial Intelligence (AI) and Machine Learning (ML) capabilities in material handling robotics systems is a key trend shaping the market's growth. AI and ML enable robotics systems to adapt and learn from their environment, improving their decision-making and operational efficiency. Such intelligent systems can optimize their movements and adapt to changes in the production environment, resulting in enhanced productivity.

Moreover, the rise of collaborative robots, also known as cobots, is another significant trend. Cobots work alongside human workers, assisting in material handling tasks, and are designed to ensure safe interaction between humans and robots. This trend enables smaller businesses and industries to benefit from automation without extensive reconfiguration of their production lines.

Restraints:

Challenges related to high initial costs and complex integration processes are restraining the growth of the Material Handling Robotics Market. While material handling robotics solutions offer long-term cost savings through increased efficiency and reduced labor costs, the initial investment required for robotics system implementation can be substantial. Additionally, integrating these systems into existing production lines can be complex and time-consuming.

Moreover, concerns about job displacement due to automation can hinder the adoption of material handling robotics, especially in industries with a significant reliance on manual labor. Addressing these concerns through proper training and upskilling programs is essential to ensure the successful integration of robotics in the workforce.

Material Handling Robotics Market Segmentation By Application:

The Logistics and Warehousing segment is expected to witness substantial growth during the forecast period. Material handling robotics systems play a vital role in optimizing warehouse operations, including sorting, packing, and retrieving goods. The rising demand for e-commerce and the need for efficient order fulfillment are driving the adoption of robotics solutions in the logistics and warehousing sector.

Furthermore, the Automotive Manufacturing segment is anticipated to experience significant growth. Material handling robotics systems are used for tasks such as assembling components, loading and unloading parts, and moving materials within the manufacturing process. The automotive industry's emphasis on precision, speed, and quality makes material handling robotics solutions a valuable asset.

Material Handling Robotics Market Segmentation By Type:

The trend towards Automated Guided Vehicles (AGVs) is contributing to the growth of the AGV segment. AGVs are mobile robots that navigate and transport materials within a facility without human intervention. They are used for tasks such as material transportation, pallet handling, and order picking. The flexibility, efficiency, and adaptability of AGVs are driving their adoption across various industries.

Regional Overview:

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Asia-Pacific (APAC) is expected to contribute significantly to the growth of the global Material Handling Robotics Market. The region's robust manufacturing sector, coupled with the rapid adoption of automation in countries like China, Japan, and South Korea, is driving the demand for material handling robotics systems. Moreover, the rising demand for e-commerce and the need for efficient logistics and warehousing solutions are further boosting the market in the APAC region.

Additionally, Europe is anticipated to witness substantial growth due to the region's strong automotive manufacturing industry and focus on Industry 4.0 initiatives. The automotive sector's adoption of robotics for material handling, assembly, and quality control is driving the demand for robotics solutions.

Material Handling Robotics Market Customer Landscape:

The Material Handling Robotics Market report provides insights into the adoption lifecycle of the market, spanning from early innovators to late adopters. It analyzes adoption rates in different regions based on penetration levels. Moreover, the report delves into key factors influencing purchase criteria and price sensitivity, aiding companies in shaping effective growth strategies.

Major Material Handling Robotics Market Companies:

Companies in the Material Handling Robotics Market are employing strategies such as strategic partnerships, acquisitions, geographic expansion, and product innovation to strengthen their market position.

ABB Ltd.
KUKA AG
FANUC Corporation
Yaskawa Electric Corporation
Mitsubishi Electric Corporation
Universal Robots A/S
Kawasaki Heavy Industries, Ltd.
Omron Corporation
Honeywell International Inc.
Denso Corporation

Segment Overview:

The Material Handling Robotics Market report forecasts market growth by revenue at the global, regional, and country levels, analyzing trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032)

Logistics and Warehousing
Automotive Manufacturing
Electronics and Semiconductor
Food and Beverage
Others

Type Outlook (USD Million, 2019 - 2032)

Automated Guided Vehicles (AGVs)
Robotic Arm Systems
Conveyor Systems
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

The U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
Japan
South Korea

South America

Brazil
Argentina
Chile

Middle East & Africa

Saudi Arabia
UAE
South Africa

Key Benefits for Stakeholders

Comprehensive Market Analysis- The study meticulously segments the market based on both economic and non-economic criteria, conducting both qualitative and quantitative analyses. This rigorous approach offers a deep understanding of various market segments and sub-segments.
Accurate Market Valuation- Precise market values in USD Billion are furnished for each segment and sub-segment, facilitating stakeholders in making precise assessments of market opportunities.
Identification of Growth Prospects- The report pinpoints regions and market segments poised for rapid expansion, as well as those with substantial market share potential. This assists stakeholders in making well-informed strategic decisions.
Insightful Regional Analysis- The research explores regional factors influencing the market and scrutinizes product or service utilization in diverse geographical areas, enhancing comprehension of regional dynamics.
Comprehensive Competitive Insight- The report encompasses critical data, including market share of leading players, recent service/product launches, collaborations, expansions, and acquisitions made by profiled companies in the last five years. This provides a holistic view of the competitive landscape.
Detailed Company Profiles- In-depth profiles of key market participants encompass company overviews, business insights, product benchmarking, and SWOT analyses. This equips stakeholders with the means to evaluate the strengths and weaknesses of these entities.
Future Market Outlook- The research furnishes an industry perspective on the present and future based on recent developments, enabling stakeholders to anticipate market trends and forthcoming changes.
Thorough Market Examination- Porter’s five forces analysis is employed in the study to provide a comprehensive examination of the market from multiple angles, including competitive forces and market dynamics.
Value Chain Insights- The research leverages the Value Chain concept to elucidate the market, offering insights into how products or services traverse the market ecosystem.
Market Dynamics and Growth Prospects- The study presents current market dynamics and growth prospects for the foreseeable future, empowering stakeholders with invaluable information for strategic decision-making.

TABLE OF CONTENTS: GLOBAL MATERIAL HANDLING ROBOTICS MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. MATERIAL HANDLING ROBOTICS MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Material Handling Robotics Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. MATERIAL HANDLING ROBOTICS MARKET BY Product INSIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2. Articulated Material Handling Robots

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3. Scara Material Handling Robot

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. MATERIAL HANDLING ROBOTICS MARKET BY Application INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Pick & Place

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Palletizing/De-Palletizing

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. MATERIAL HANDLING ROBOTICS MARKET REGIONAL OUTLOOK

7.1. Material Handling Robotics Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Material Handling Robotics Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Material Handling Robotics Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Material Handling Robotics Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Material Handling Robotics Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Material Handling Robotics Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1. ABB (Sweden)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2. Adept Technology(U.S.)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3. Apex Automation and Robotics (Australia)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4. DAIHEN Corporation (Japan)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5. Denso Wave (Japan)

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6. Epson Robotics (Japan)

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7. Fanuc (U.S.)

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8. KUKA (Germany)

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9. Kawasaki Robotics (U.S.)

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10. Nachi Robotic Systems (U.S.)

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Material Handling Robotics Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032