The material handling robotics market is estimated to be valued at USD 24.21 Bn in 2024, growing at a compound annual growth rate (CAGR) of 10.6% from 2024 to 2031.
Material handling robotics are automated machines that are commonly used in warehousing, logistics, and supply chain management for tasks like palletizing, depalletizing, sorting, packaging, etc. They help improve the productivity and efficiency of operations by reducing human errors and efforts. Advancements in sensing technologies, artificial intelligence and drop in hardware costs are enabling more complex capabilities in robotics. The material handling robotics market is expected to grow significantly to address the increasing demand for automation from e-commerce and manufacturing industries seeking to optimize labor costs and meet growing order volumes.
Market Dynamics:
The global material handling robotics market is driven by growing labor costs, emphasis on warehouse automation from e-commerce companies and need to improve the supply chain efficiency. However, high initial investment costs of robotics systems poses a challenge for small and medium businesses to adopt them. Advancements in robotics technologies like self-learning, motion prediction, and natural language processing open up new opportunities to develop more intelligent robots that can collaborate safely with humans. The modular and flexible nature of material handling robots also allows for seamless integration within existing warehouses.
Key Features of the Study:
- This report provides an in-depth analysis of the global material handling robotics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global material handling robotics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include 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., Adept Technology, Inc, Bastian Solutions , Kanoo Machinery, ElectroMech Industry Co, SSI SCHAEFER, Alesayi Heavy Equipment (AHE), Jugheinrich AG, and Mitsubishi Heavy Industry
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global material handling robotics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global material handling robotics market.
Market Segmentation:
- By Type
- Unit Load Material Handling Systems
- Bulk Load Material Handling Systems
- By Application
- Storage
- Transportation
- Assembly
- Packaging
- Distribution
- Others
- By End-user Industry
- Automotive
- Retail & E-Commerce
- Manufacturing
- Food & Beverages
- Pharmaceutical
- Aerospace
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Key Players Insights
- 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.
- Adept Technology, Inc
- Bastian Solutions
- Kanoo Machinery
- ElectroMech Industry Co
- SSI SCHAEFER
- Alesayi Heavy Equipment (AHE)
- Jugheinrich AG
- Mitsubishi Heavy Industry Group
