The material handling robotics market involves various industrial robots that automate the material movement and logistics operations across various industries such as automotive, e-commerce & logistics, chemicals, rubber & plastics, food & beverages and others. Material handling robots such as palletizers, depalletizers, conveyor systems and carton erectors are extensively used for assembling, picking up, sorting and packing of products at various warehouses and manufacturing plants. The global need for improved efficiency and fulfillment of growing customer demand has fueled the adoption of automated material handling equipment.
The Global Material Handling Robotics Market is estimated to be valued at US$ 24.21 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the material handling robotics are ABB, Kuka AG, FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., Universal Robots, Denso Corporation, Epson Robots, Stäubli International AG , Omron Corporation, Nachi-Fujikoshi Corporation, Comau S.p.A. and Adept Technology, Inc. These market leaders are focusing on developing innovative Material Handling Robotics Market solutions for warehousing and logistics applications. For instance, FANUC introduced its new collaborative robot named CRX-10iA for transportation, packaging and palletizing applications in distribution centers and fulfillment warehouses.
The growing demand for automation from e-commerce and logistics sectors is a major factor driving increased adoption of material handling robots. E-commerce companies are implementing automated sorting centers and fulfillment warehouses to effectively manage surging online orders. Similarly, logistics firms are automating parcel sorting and delivery operations with mobile robots to improve productivity and efficiency.
Technological advancement in areas such as robot vision, autonomous navigation, motion planning and fleet management software is further supporting the material handling robotics market growth. Top players are focusing on developing smarter robots with advanced capabilities like product identification, dynamic route planning, obstacle avoidance and cooperative behaviors for multi-robot deployments.
Market Trends
Mobile Robots - The demand for autonomous mobile robots (AMRs) for applications like autonomous transportation and storage & retrieval is growing rapidly. Leading companies are actively developing fleets of collaborative mobile robots for material movement within large warehouses and distribution centers.
Robot-as-a-Service (RaaS) - Major material handling robotics vendors are focusing on Robot-as-a-Service business model where they provide robots, installation, maintenance, software updates and training on a subscription basis to reduce customers' upfront investment costs.
Market Opportunities
Warehouse Automation - With surging e-commerce demand, warehouse and fulfillment center operators are increasingly automating material movement, storage, order picking, packaging using collaborative robots and autonomous mobile robots to improve productivity.
Outsourcing of Logistics - Third party logistics companies are expected to continue automating parcel sorting centers and delivery warehouses with innovative machine learning and computer vision enabled automated material handling systems to handle greater volumes and cut costs.
Impact of COVID-19 on Material Handling Robotics Market Growth
The COVID-19 pandemic has greatly impacted the growth of the material handling robotics market. When the pandemic first hit in early 2020, factory shutdowns worldwide disrupted supply chains and caused a slump in demand. Manufacturers faced challenges in procuring components and struggled to fulfill order backlogs. However, the pandemic also increased awareness around automation and socially distanced manufacturing. As businesses sought solutions to operate during lockdowns and address worker safety, investments in robotic systems surged.
Contactless material transport and inventory management offered by robots reduced human interactions within warehouses and distribution centers. Post-COVID, demand continues rising as robotics help facilitate operations with fewer staff on-site. Robot deployments accelerated across industries like e-commerce, food & beverage and pharmaceuticals to meet surging consumer demands. While supply chain issues linger, the long term outlook remains positive given robotics' ability to boost productivity and efficiency even with reduced labor. Ongoing digital transformations are further driving automations adoption globally. While short term disruptions occurred, pandemic induced priorities around safety, flexibility and workforce management have created new opportunities for growth in the material handling robotics industry over the coming years.
Geographical Regions with Highest Material Handling Robotics Market Value
Currently, North America has the highest regional market value for material handling robotics. Major United States markets like California, Texas, Pennsylvania and Ohio have substantial investments and active deployments across warehousing, logistics and manufacturing facilities. The vast scale of e-commerce and presence of technology giants support North America's lead in the industry. China is also a major regional market, driven by the country's position as a global manufacturing hub. Rapidly developing warehouses and factories drive robot installations across provinces like Guangdong, Jiangsu and Sichuan. Europe ranks third, with developed economies like Germany, United Kingdom and France concentrated with automotive plants, machinery makers and ports utilizing advanced material handling robots.
Fastest Growing Regional Market for Material Handling Robotics
The Asia Pacific region excluding Japan holds the most promise for fastest future growth in the material handling robotics industry. Developing economies across Southeast Asia are quickly modernizing infrastructure and embracing Industry 4.0 transformations. Countries like India, Indonesia, Vietnam, Malaysia and Thailand are ramping up manufacturing capacities to both serve vast domestic markets and participate in global supply chains. Their comparatively lower current robot adoption rates leave vast untapped potential. Further, rising labor costs are pushing more firms to automate logistic facilities and warehouses across Asia. The region's increasing consumption and trade volumes will sustain strong double digit annual expansions for material handling robotics over the forecast period.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
Market HighlightsGlobal material handling robotics market is projected to witness a rapid growth during the forecast period.
The growing demand for material handling robots in various applications such as packaging, pick and place, and palletizing/de-palletizing is aiding the market growth.
The ease of work management and the significant cost reduction offered by these robots is expected to boost the growth of the material handling robotics market.The global material handling robotics market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World.
As compared to other regions, the material handling robotics market in the Asia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period.
China, India, and South Korea are anticipated to drive the growth of the material handling robotics market owing to the presence of a large number of established key players such as DAIHEN Corporation (Japan), Denso Wave (Japan), Epson Robotics (Japan), in this region.Due to the high adoption of material handling robotics in the automotive sector and factors such as strongest growth potential and the presence of major manufacturing hub.
Emerging economies from developing nation such as China and Southeast Asian countries are expected to be the main driving factor for the growth of the market., in the region, the market is likely to show an immense growth in the coming future.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/5099In the global material handling robotics market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of low labor cost coupled with the reduced transportation cost also contributed to the regional growth of the market and emerging economies and technological advancement in the material handling robotics in the region.The global material handling robotics market is projected to reach USD 31 billion at a CAGR of over 10% by the end of the forecast period 2020-2027.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
