Global Material Handling Robotics Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 10.5% from 2020 to 2027, reaching US$ XX Bn.
Global Material Handling Robotics Market
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Material handling robots are used in the manufacturing line to automate some of the most tedious, dull, and risky tasks and is one of the easiest methods to enlarge automation. Material handling robots are utilized in different streams like palletizing or depalletizing, pick and place, and the packaging sector. They are utilized to improve material handling proficiency, flexibility, and steadiness in manufacturing procedures. The steadiness of material handling robots in a manufacturing plant not only decreases the ergonomic threats as well as supports to advance the lean management system of the business. The Global Material Handling Robotics Market is driven by the increase in the number of manufacturing facilities to reduce human error and accidents, and the ability of robots to enhance the efficiency of the manufacturing unit and increase customer satisfaction by conveying quality products in time. However, the high initial investment required for material handling robots is restraining the market growth at the global level. The necessity of a skilled workforce for repair and maintenance is the major challenge for market growth in the near future.
Based on the application, the Material Handling Robotics Market has segmented into residential, commercial, and industrial. The commercial segment has led the Material Handling Robotics market in 2019 and is estimated to generate more than US$ XX Mn market revenue by 2027, with a CAGR of XX%. Material handling robots have played an important role in automobile manufacturing. Various stages of the automotive production procedure can be handled by robotic applications, from engine block assembly, trim, the interior, and door assembly. Automation refers to the usage of machines to complete tasks that had recently been undertaken by humans that diminish the error rate and improve the management of repeatable tasks.
Geographically, the Material Handling Robotics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held the prominent market share of XX% in 2019 and is expected to reach US$ Mn by the end of 2027, with a CAGR of XX%. Owing to the presence of major key players in the region. The rising awareness related to material handling robotics, developing countries like China and Southeast Asian countries, and the rising e-commerce industry are fueling the regional market growth in the coming years. Also, low labor costs along with the reduced costs related to transportation are impelling the market growth in the Asia Pacific. Rising demand for cutting-edge technologies such as the internet of things (IoT) and big data analytics in logistics to manage the operational requirements are propelling the material handling market growth. China is the leading contributor to the material handling robotics market in APAC. China is estimated to hold the XX% regional market share over the forecast period due to the improving manufacturing and warehousing infrastructure in the country.
The objective of the report is to present a comprehensive analysis of the Global Material Handling Robotics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Material Handling Robotics Market dynamics, structure by analyzing the market segments and project the Global Material Handling Robotics Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Material Handling Robotics Market make the report investor’s guide.
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Global Material Handling Robotics Market, by Product:
• Articulated material handling robots
• Scara material handling robot
• Parallel material handling robot
• Others
Global Material Handling Robotics Market, by Application:
• Pick & place
• Palletizing/de-palletizing
• Packing & packaging
• Product/part transfer
• Machine tending
• Others
Global Material Handling Robotics Market, by End User:
• Automotive
• Electrical and electronics
• Metal & machinery
• Chemical
• Food & beverage
• Others
Global Material Handling Robotics Market, by Region:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Material Handling Robotics Market, Major Players:
• ABB Pte Ltd.
• Adept Technology Inc.
• Machinery Automation & Robotics Pty Ltd.
• Daihen Engineering Co Ltd
• Denso Wave Inc
• Epson America, Inc.
• Staubli International AG
• FANUC CORP
• KUKA Robotics Corporation
• Kawasaki Robotics Inc.
• Nachi Robotic Systems Inc.
• Toshiba Machine Corp.
• Yaskawa Motoman Robotics
• Apex Automation and Robotics
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Market HighlightsGlobal material handling robotics market is projected to witness a rapid growth during the forecast period.
The growing demand for material handling robots in various applications such as packaging, pick and place, and palletizing/de-palletizing is aiding the market growth.
The ease of work management and the significant cost reduction offered by these robots is expected to boost the growth of the material handling robotics market.The global material handling robotics market, by geography, is segmented into North America, Europe, Asia Pacific, and Rest of the World.
As compared to other regions, the material handling robotics market in the Asia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period.
China, India, and South Korea are anticipated to drive the growth of the material handling robotics market owing to the presence of a large number of established key players such as DAIHEN Corporation (Japan), Denso Wave (Japan), Epson Robotics (Japan), in this region.Due to the high adoption of material handling robotics in the automotive sector and factors such as strongest growth potential and the presence of major manufacturing hub.
Emerging economies from developing nation such as China and Southeast Asian countries are expected to be the main driving factor for the growth of the market., in the region, the market is likely to show an immense growth in the coming future.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/5099In the global material handling robotics market, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of low labor cost coupled with the reduced transportation cost also contributed to the regional growth of the market and emerging economies and technological advancement in the material handling robotics in the region.The global material handling robotics market is projected to reach USD 31 billion at a CAGR of over 10% by the end of the forecast period 2020-2027.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Material Handling Robotics Market share 2021-2027New Study Reports " Material Handling Robotics Market share 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2027" has been Added on MarketResearchFuture.Report OverviewThe report on the Material Handling Robotics Market share provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding.
The various economic and demographic factors that influence the market have been presented in the study.
The impact of important markers such as pricing, demand and supply, and population levels have been studied in this report.
China, India, and South Korea are anticipated to drive the growth of the Material Handling Robotics Market share owing to the presence of a large number of established key players such as DAIHEN Corporation (Japan), Denso Wave (Japan), Epson Robotics (Japan), in this region.Due to the high adoption of material handling robotics in the automotive sector and factors such as strongest growth potential and the presence of major manufacturing hub.
Emerging economies from developing nation such as China and Southeast Asian countries are expected to be the main driving factor for the growth of the market., in the region, the market is likely to show an immense growth in the coming future.In the global Material Handling Robotics Market share, Asia Pacific is anticipated to witness a relatively faster adoption at the highest CAGR during the forecast period as compared to other regions owing to the growing adoption of low labor cost coupled with the reduced transportation cost also contributed to the regional growth of the market and emerging economies and technological advancement in the material handling robotics in the region.Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report.
Avail the in-depth table of content TOC & market synopsis on “Material Handling Robotics Market share Research Report-Forecast to 2023”.Request for Free Sample Report of “Material Handling Robotics” Market @ https://www.marketresearchfuture.com/sample_request/5099Key PlayersThe report has profiled some of the Important players prevalent in the global like – ABB (Sweden), Adept Technology(U.S.), Apex Automation and Robotics (Australia), DAIHEN Corporation (Japan), Denso Wave (Japan), Epson Robotics (Japan), Fanuc (U.S.), KUKA (Germany), Kawasaki Robotics (U.S.), Nachi Robotic Systems (U.S.) and more.This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Material Handling Robotics.Material Handling Robotics Market share Segmentation:The global Material Handling Robotics Market share is segmented by product, application, and end-user.By the product segment, the market is segmented into articulated material handling robots, scare material handling robot, parallel material handling robot and others.
