Global Material Handling Robotics Market Growth 2024-2030

Global Material Handling Robotics Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global Material Handling Robotics market size was valued at US$ 7447.4 million in 2023. With growing demand in downstream market, the Material Handling Robotics is forecast to a readjusted size of US$ 9294.6 million by 2030 with a CAGR of 3.2% during review period.

The research report highlights the growth potential of the global Material Handling Robotics market. Material Handling Robotics are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Material Handling Robotics. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Material Handling Robotics market.

Material handling robots are used in various streams such as pick and place, palletizing/depalletizing, and the packaging sector. They are used to improve material handling efficiency, flexibility, and constancy in the manufacturing processes. The use of material handling robots in a production plant not only reduces the ergonomic threats but also helps to improve the lean management system of the business.

Material handling robots can manage case-picking functions and can also handle carts for contentment centers or manufacturing process for parts to the lines of operation. The lifting capacity of material handling robots can be over 150 lbs (74 kg). The twin arm manipulator can lift and handle almost every warehoused material. These robots help reduce workplace fatigue and injury.

Increases in the number of manufacturing facilities and the growth of production plants are among the major drivers of the material handling robotics market. The ability to simplify and decrease time consumption in production functions, while enhancing dependability, accuracy, and the involvement of low task force are the additional market drivers. The development of the material handling robotics market is expected to rise due to the suitability and the substantial cost reduction offered by these robots. Sorting systems, sliding belts, picking systems, and material putting robots are some of the material handling robots that have gained significance in recent years. The initial investment required for material handling robots is high, but in the long run these robots provide a competitive edge.

Global Material Handling Robots key players include FANUC(Japan), ABB(Switzerland), Yaskawa (Motoman)(Japan), KUKA(Germany), etc. Global four five manufacturers hold a share over 60%.

Japan is the largest market, with a share about 40%, followed by China, and Europe, both have a share about 25 percent.

In terms of product, Articulated Material Handling Robots is the largest segment, with a share over 86%. And in terms of application, the largest application is Automotive, followed by Electrical and Electronics, Chemical, Rubber and Plastic, etc.

Key Features:

The report on Material Handling Robotics market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Material Handling Robotics market. It may include historical data, market segmentation by Type (e.g., Electric Handling Robotics, Semi-Electric Handling Robotics), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Material Handling Robotics market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Material Handling Robotics market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Material Handling Robotics industry. This include advancements in Material Handling Robotics technology, Material Handling Robotics new entrants, Material Handling Robotics new investment, and other innovations that are shaping the future of Material Handling Robotics.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Material Handling Robotics market. It includes factors influencing customer ' purchasing decisions, preferences for Material Handling Robotics product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Material Handling Robotics market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Material Handling Robotics market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Material Handling Robotics market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Material Handling Robotics industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Material Handling Robotics market.

Market Segmentation:

Material Handling Robotics market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Electric Handling Robotics
Semi-Electric Handling Robotics
Manual Handling Robotics

Segmentation by application
Automotive
Chemical
Electrical and Electronics
Industrial Machinery
Food and Beverage
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ABB
FANUC
Kuka
Kawasaki Robotics
Yaskawa Electric
Adept Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Material Handling Robotics market?

What factors are driving Material Handling Robotics market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Material Handling Robotics market opportunities vary by end market size?

How does Material Handling Robotics break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.