Global Material Handling Robots Market Growth 2023-2029

Global Material Handling Robots Market Growth 2023-2029

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 (68 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.

LPI (LP Information)' newest research report, the “Material Handling Robots Industry Forecast” looks at past sales and reviews total world Material Handling Robots sales in 2022, providing a comprehensive analysis by region and market sector of projected Material Handling Robots sales for 2023 through 2029. With Material Handling Robots sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Material Handling Robots industry.

This Insight Report provides a comprehensive analysis of the global Material Handling Robots landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Material Handling Robots portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Material Handling Robots market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Material Handling Robots and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Material Handling Robots.

The global Material Handling Robots market size is projected to grow from US$ 7447.4 million in 2022 to US$ 21020 million in 2029; it is expected to grow at a CAGR of 21020 from 2023 to 2029.

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 80%. And in terms of application, the largest application is Automotive, followed by Electrical and Electronics, Chemical, Rubber and Plastic, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Material Handling Robots market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Articulated Material Handling Robots
SCARA Material Handling Robot
Parallel Material Handling Robot

Segmentation by application
Automotive
Chemical, Rubber and Plastic
Electrical and Electronics
Metal and Machinery
Food, Beverages and Pharmaceuticals
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.
FANUC (Japan)
KUKA (Germany)
ABB (Switzerland)
Yaskawa (Motoman)(Japan)
Nachi (Japan)
Kawasaki Robotics(Japan)
Comau (Italy)
EPSON Robots (Japan)
Staubli (Switzerland)
Omron Adept Technologies (US)
DENSO Robotics (Japan)
OTC Daihen (Japan)
Toshiba (Japan)
Mitsubishi Electric (Japan)
Universal Robots (Denmark)
Hyundai Robotics (Korea)
Siasun (China)
Anhui EFORT Intelligent Equipment (China)
Estun Automation (China)
Guangzhou CNC Equipment (China)
STEP Electric Corporation (China)

Key Questions Addressed in this Report

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

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

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

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

How does Material Handling Robots break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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