Press release
Material Handling Robotics Market: Industry Overview, Trends and Growth Opportunities Forecasted Till 2029
Material Handling Robotics Market
Material handling robots have a variety of applications in different industries to carry out operations such as packaging, pick & place, palletizing/de-palletizing, and others. There has been tremendous growth in industrialization over the past decades, which brought advancements in the manufacturing sector as well as introduced robotics in the daily process. Increase of smart factories, which are fully or partially accessed by robots, across the globe, has increased the number of manufacturing units to transporting materials from one place to another. In addition, material handling robots improve material handling efficiency, flexibility, and constancy in manufacturing processes. Increase in demand for material handling robots is expected to drive the market over the forecast period.
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Companies covered: ABB Pte Ltd., Adept Technology Inc., Machinery Automation & Robotics Pty Ltd., Daihen Engineering Co Ltd, Denso Wave Inc, Epson America Inc., FANUC CORP, KUKA Robotics Corporation, Kawasaki Robotics Inc., and Nachi Robotic Systems Inc.
Regions covered: North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa
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Segments covered: Product, Type, Function, and Industry
COVID-19 scenario analysis:
Manufacturing companies have been shut for months now while a few of them are working to provide basic needs.
The supply chain has been disrupted for almost every product in the market and it is expected to take a while to regain sustainability.
Production processes are expected to resume, but the companies have to take strict measures to control the spread of the virus.
Significant cost to the business after the lockdown is expected to be incurred, substantially in capital expenditure along with labor and additional operational costs.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Increase in the number of manufacturing facilities, rise in labor cost, growth of production plants, and safety concerns are expected to drive the growth of the market. Furthermore, these robots provide a competitive edge compared to workers, which is projected to provide lucrative opportunities for the material handling robotics market.
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The material handling robotics market trends are as follows:
Increase in the number of manufacturing facilities:
The number of manufacturing factories is increasing across the globe. With the increase in several working facilities, there is an emerging demand for simplifying the work and decreasing time consumption in production functions while enhancing accuracy. Material handling robots have simplified the work for manufacturers as they are more productive. Therefore, this is expected to increase the demand for the product over the forecast period.
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Rising labor cost and safety concerns:
Labor cost plays a significant role for manufacturing companies and it directly affects the cost of their final products. Though the initial investment is high comparatively, material handling robots play a significant role as they provide a competitive edge to real-life laborers in the long run. In addition, these robots are even prioritized in terms of safety as no human involvement is required. Therefore, these factors are expected to drive the growth of the market over the forecast period.
Key benefits of the report:
This study presents the analytical depiction of the material handling robotics market along with current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions answered in the material handling robotics market research report:
Which are the leading market players active in the material handling robotics market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What are the projections for the future that would help in taking further strategic steps?
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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