Material handling robots are special robots, used in the manufacturing line to automate some of the most tedious or dull, and risky tasks. These robots are used in different streams including palletizing or depalletizing, packaging and pick and place. They are also used to improve material handling proficiency, steadiness and flexibility in manufacturing procedures. The steadiness of material handling robots in the manufacturing plant decreases the ergonomic threats and supports to advance the lean management system of business.
Referring to study “Global Material Handling Robotics Market by Offering, Robot Type, Application, Industry Vertical, and Region 2019-2026: Trend Forecast and Growth Opportunity” some of the key companies operating in the global material handling robotics market are Omron Corporation (Omron Adept Technologies), EFORT Intelligent Equipment, ABB Ltd., KUKA (Midea Group), Estun Automation, Mitsubishi Electric Corp., Fanuc Corp., Denso Corporation, Comau S.p.A, Nachi Fujikoshi Corp., Hyundai Robotics, Reis Robotics, Nachi Fujikoshi Corp., SIASUN Robot & Automation Co., Ltd., Rockwell Automation Inc., Kawasaki Robotics Inc., Yaskawa Electric Corp., Toshiba Machine Co., Ltd., Staubli International AG, Universal Robots, STEP Electric Corporation, Seiko Epson Corporation (Epson Robotics).
On the basis of offering type, material handling robotics market is bifurcated as software offering, hardware offering and services & support offering. On the basis of robot type, market is bifurcated as Cartesian robots, articulated robots, parallel robots, SCARA robots, collaborative robots and others. On the basis of application, market is bifurcated as part transfer, packing & packaging, pick & place, palletizing & de-palletizing, machine tending and others. In addition, on the basis of industry vertical, market is bifurcated as machinery & metal, automotive industry, electrical & electronics, food & beverage, chemical-rubber & plastics, automotive industry and others.
The material handling robotics market is driven by increase in the number of manufacturing facilities, followed by growth in development of production plants, increase in ability to shorten & decrease time consumption in production functions, growth in industrialization and increase in demand for cutting-edge technologies for instance the internet of things (IOT) and big data analytics in logistics for directing the operational requirements. However, high initial costs along with the high cost of equipment may impact the market. Moreover, increase in ability of robots to enhance the efficiency of the manufacturing unit is a key opportunity for market. Furthermore, necessity of a skilled workforce for repair & maintenance is a leading challenge for market in near future.
Based on geography, the Asian-Pacific region holds major share in global material handling robotics market owing to strongest growth potential coupled with presence of major manufacturing hub in the region. The North-American and European regions are estimated to exhibit considerable growth rate due to rise in demand for the automotive industry segment over the forecast period. It is projected that future of the global market will be optimistic as a result of surge in the number of manufacturing facilities to reduce human error & accidents during the forecast period. It is also projected that the global material handling robotics market will be reached at US $53.9 billion by 2026, representing a 2019-2026 CAGR of 11.89%.
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Ankur Gupta, Head Marketing & Communications