Material handling robotics market 2018 – 2023 Top Key Players: ABB, Adept Technology, Apex Automation and Robotics, DAIHEN, Denso Wave, Epson Robotics, Fanuc, KUKA, Kawasaki Robotics, Nachi Robotic

The global material handling robotics market is expected to grow at a CAGR of approximately 10% during the forecast period 2017-2023.

Key players:

Some of the most prominent players in the global material handling robotics market are Denso Wave (Japan), Epson Robotics (Japan), DAIHEN Corporation (Japan), Fanuc (U.S.), KUKA (Germany), Kawasaki Robotics (U.S.), Nachi Robotic Systems (U.S.), ABB (Sweden), Adept Technology (U.S.), Apex Automation and Robotics (Australia) and many others.

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Market highlights:

Material handling is the essence of industrial robotics, where robots are increasingly called to handle material that range from blood samples to vehicles during the manufacturing process. Material handling (MH) makes use of the robot's capability to transport objects. The robot can accurately and efficiently move a product from one location to another, after the robot has been fitted with an appropriate end of arm tool. This eliminates the requirement of hazardous, tedious, or fatiguing labor in an industry. The global material handling robotics market is envisaged to witness a steady upsurge during the forecast period. Market Research Future (MRFR) asserts that the market will grow remarkably and reach USD 31 billion at a CAGR of over 10% by the end of the forecast period 2017-2023.

There are various factors that are likely to contribute to this growth, namely increasing demand for material robots in numerous applications such as palletizing/de-palletizing, packaging, pick and place and others. These factors aide the growth of the market, as well as the significant cost reduction of these robots and ease of work management help boosting the expansion of this market. Manual lifting is a leading cause of workplace injuries, costing employers millions each year. Material handling robots create a convenient environment for workers, thus protecting employers against compensation claims.

The global material handling robotics market is segmented into North America, Asia Pacific, Europe, and the rest of the World. The market in the Asia Pacific is projected to witness a remarkable growth, having an edge over other regions by holding the largest market share during the forecast period. Countries like India, China, and South Korea are foreseen to propel the growth of the material handling robotics market owing to the presence of a large number of established key players such as Denso Wave (Japan), Epson Robotics (Japan), DAIHEN Corporation (Japan). Other technology giants like ABB (Sweden), Adept Technology(U.S.), Apex Automation and Robotics (Australia) also hold a major grip on the large part of the market.

Material Handling Robotics market Segmentation:

The global material handling robotics market is segmented on the basis of product, application, and end-user.

On the basis of product, the market is further dissected into parallel material handling robot, articulated material handling robots, scara material handling robot, and others. Scara (Selective Compliance Articulated Robot Arm) material handling robots are ideal for machine tending, mechanical assembly, material handling, as well as packaging. They are popular for small robotic assembly applications. Whereas articulated material handling robots are apt for palletizing, packaging, mechanic assembly and material handling.
On basis of the application, the market is divided into pick & place, packing & packaging, palletizing/de-palletizing, product/part transfer, machine tending and others. Pick and place robots are generally mounted on a stand to easily access their entire working envelope. The product then enters the robotic work envelope, using a custom end of arm tool, the product is then picked and then placed by the robot at the desired location.

On the basis of the end-user, the market is predominantly segmented into electrical and electronics, automotive, metal & machinery, chemical, food & beverage, and others. When it comes to food and beverage sector, there are abundant advantages that make material handling robotics a crucial aspect. Robots help in preventing food contaminating, that is a common issue when a human handles the food item. As robots do not suffer from fatigue, they are an ideal solution for packaging tasks such as tray loading, bin picking and bottle handling.

Market Research Analysis:

North America is estimated to account for the second position in the material handling robotics market, whereas, the Asia Pacific market is projected to acquire the highest share during the forecast period. The North American market is witnessing a rapid growth due to technological advancements and increasing demand for industrial robots from different industrial verticals in this region. The U.S. holds the majority of the market share both in terms of revenue and adoption of advanced solutions.

Intended Audience:

Technology Investors
Research/Consultancy firms
Technology Solution Providers
Original Equipment Manufacturers
Automotive manufacturer

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Table of Contents:
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
Continued…

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This release was published on openPR.