Material Handling Robotics Market is Anticipated to Witness High Growth Owing to Rising Labor Costs

Material Handling Robotics Market
Material Handling Robotics Market

The material handling robotics market refers to industrial robots used to transport, pack, unpack, storage and disposal of materials and products in various industries. Material handling robots play a vital role in automation of material handling process by performing various operations related to logistics and supply chain management like pick and place, palletizing and depalletizing, transportation, packaging, and distribution center operations. These robots enhance productivity, eliminate manual labor, improve quality control, reduce operational costs and optimize utilization of floor space in manufacturing facilities and warehouses. The need for material handling robots is driven by rising labor costs, requirement of accurate and consistent operation, and growing industrial safety concerns.

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 players are focusing on expansion and product development strategies to strengthen their market presence. For instance, in 2023 Kuka launched a new articulated arm robot “KMR II 14”, focused on Material Handling Robotics Market flexible applications.

The global material handling robotics market provides numerous opportunities like implementation of AI and ML technologies to make robots more efficient and cost effective. This will allow complex and critical material handling operations to be performed accurately. Rising demand for automation from e-commerce and 3PL sectors also presents growth prospect for material handling robotics vendors.

North America and Europe captured over 60% share of global material handling robotics installation in 2024 led by strong demand from automotive, electronics, and food & beverage industries. However, Asia Pacific is expected to witness fastest growth during the forecast period attributed to expansion of manufacturing sector and government support for industrial automation adoption in countries like China and India.

Market drivers:

Growth of automation in warehousing and logistics along with rising focus on supply chain optimization drive adoption of material handling robots worldwide. Automation eliminates repetitive motion injuries, reduces turnaround time and improves throughput. Rising e-commerce activities globally entailing complex distribution network also present new installation opportunities for material handling robotics.

Market Restrain:

High initial investment cost of these robots along with requirement of specialized infrastructure may restrain material handling robotics adoption among small and medium enterprises across price sensitive markets. Ongoing semiconductor shortage and supply chain disruptions also pose challenges to material handling robotics vendors and end users. However, advances in robotics technology are expected to make robots more affordable over coming years.


Segment Analysis

The material handling robotics market can be segmented into by gripper type, robot type, application, industry, and region. Within gripper type, the claw segment dominates as claw allows grasping a wide variety of objects making it highly versatile and suitable for many applications like palletizing which requires handling many different objects.

The articulated robots sub segment leads the robot type segment as articulated robots are more versatile and provide optimal performance for common material handling tasks like picking, packaging, palletizing and assembly.

Within application areas, the palletizing and depalletizing sub segment is the largest as these applications are commonly automated to improve efficiency and handle large volumes of packages and pallets.

Global Analysis

Geographically, Asia Pacific dominates the material handling robotics market and is expected to maintain its lead through the forecast period. This is due to growing manufacturing sector in China, Japan and other Southeast Asian countries. Increasing labor costs and shortage of workforce in the region is boosting adoption of robotic systems across industries. North America holds the second position attributed to ongoing investments in technological advancements by key players and adoption across food and beverage, electronics, automotive industries in the US and Canada. Europe trails APAC in terms of regional market share led by investments by German automakers to enhance production capabilities.

Gets More Insights on, Material Handling Robotics Market


About Author:

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)

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