The Gantry Robot Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Gantry Robot Global Market Report 2024, The gantry robot market size has grown strongly in recent years. It will grow from $3.63 billion in 2023 to $3.93 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to growth in e-commerce and warehousing, adoption in the automotive industry, precision and efficiency in manufacturing, safety and ergonomics considerations, increased use in the aerospace sector.
The gantry robot market size is expected to see strong growth in the next few years. It will grow to $5.56 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to rise in customization and small-batch production, expansion of logistics and distribution centers, application in medical device manufacturing, focus on energy efficiency, global expansion of electronics manufacturing. Major trends in the forecast period include integration of vision systems and sensing technologies, industry 4.0 and smart manufacturing, advancements in robotics technology, integration of collaborative robotics, advancements in vision systems and sensing technologies.
Increasing automation adoption is expected to propel the growth of the gantry robot market. The adoption of automation offers advantages such as enhanced productivity, more efficient material usage, better product quality, improved safety, shorter labor workweeks, and shorter manufacturing lead times. The adoption of automation frees up time and enables resource reallocation. Gantry robots have various applications related to scanning, digital printing, electronics assembly, AOI (Automatic Optical Inspection), and automation. Gantry robots are also used in welding, assembly, shipping, handling raw materials, and product packing. For instance, according to Windward Studios, a US-based reporting and document generation company for organizations of all sizes, from small businesses to Fortune 100 and government agencies, by 2023, 40% of big enterprise teams would embrace AI-augmented automation, boosting efficiency and scalability in IT departments. Also, businesses are expected to employ 70% more automation architects by 2025 than they did in 2020, up from 20%. Therefore, increasing automation adoption in various end-user industries is anticipated to propel gantry robot market growth over the coming years.
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The gantry robot market covered in this report is segmented –
1) By Type: Open Gantry Robot, Closed Gantry Robot
2) By Payload: Less than 50 Kg, 51–350 Kg, More than 350 Kg
3) By Application: Factory Automation, Miscellaneous Manufacturing, Packaging Machinery, Other Applications
4) By Industry: Automotive, Electrical And Electronics, Metals And Machinery, Plastics, Rubber, And Chemicals, Food And Beverages, Precision Engineering And Optics, Pharmaceuticals And Cosmetics, Other Industries
Major companies operating in the grocery robot market are focusing on product launches, including fulfillment centers designed to assist employees and meet customer needs. Fulfillment center robots refer to robots that are employed in fulfillment centers, which are large facilities used by companies to process and ship orders to customers. For instance, in October 2023, Amazon.com, a U.S.-based multinational technology firm, launched the Sequoia system and Agility Robotics' Digit. This launch introduces advanced features such as mobile robot integration with gantry systems, robotic arms, and a bipedal robot for efficient inventory handling and collaborative operations in warehouses. This innovation is poised to revolutionize the grocery robot market by optimizing processes, improving operational efficiency, and fostering seamless collaboration between humans and robots in fulfillment centers.
The gantry robot market report table of contents includes:
- Executive Summary
- Gantry Robot Market Characteristics
- Gantry Robot Market Trends And Strategies
- Gantry Robot Market - Macro Economic Scenario
- Global Gantry Robot Market Size and Growth
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- Global Gantry Robot Market Competitive Benchmarking
- Global Gantry Robot Market Competitive Dashboard
- Key Mergers And Acquisitions In Gantry Robot Market
- Gantry Robot Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Hanwha Group
- Toshiba Machine
- Liebherr-International Deutschland GmbH
- OMRON Corporation
- FANUC CORPORATION
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