Material Handling Robotics Market to Grow with a CAGR of 6.40% through 2029

Advancements in automation & AI, coupled with rising labor costs, and increase in demand for efficient material handling robotics in various industries drive the market throughout the forecast period.

According to TechSci Research report, “Material Handling Robotics Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029. Global Material Handling Robotics Market was valued at USD  6.41 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.40% through 2029. 

The global Material Handling Robotics Market is primarily driven by the increasing adoption of automation and robotics across industries worldwide. As businesses strive to enhance efficiency, productivity, and flexibility in their operations, they are turning to robotic solutions for material handling tasks. Robotic systems offer numerous advantages, including faster cycle times, greater precision, and the ability to handle a wide range of products and payloads. Additionally, advancements in robotics technology, such as improvements in sensors, actuators, and artificial intelligence, are driving innovation and market growth. These technological advancements enable robots to perform complex tasks with greater speed, accuracy, and autonomy, expanding their applicability in diverse material handling applications. Moreover, the ongoing trend towards digitalization, Industry 4.0 initiatives, and the integration of robotics with other emerging technologies like IoT and cloud computing further drive the adoption of robotic solutions in material handling. The COVID-19 pandemic has also accelerated the adoption of automation and robotics, as businesses seek to enhance resilience, agility, and safety in their operations. Overall, these factors contribute to the robust growth and expansion of the global Material Handling Robotics Market.

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Based on Function, The Packaging segment held the largest Market share in 2023. The Material Handling Robotics Market in the packaging function segment is driven by several key factors that reflect the industry's need for enhanced efficiency, precision, and adaptability. One of the primary drivers is the escalating demand for increased efficiency and precision in packaging operations. Modern packaging processes involve handling a diverse range of products with varying shapes, sizes, and weights, which necessitates highly adaptable and accurate systems. Material handling robots excel in performing repetitive and precise tasks such as picking, placing, sorting, and palletizing with consistent speed and accuracy. This automation significantly reduces the error rates associated with manual handling, ensuring products are packaged correctly and securely, which is critical for maintaining product integrity and customer satisfaction. Furthermore, these robots can operate continuously without fatigue, leading to higher throughput and more efficient production lines, ultimately enhancing productivity and profitability for manufacturers.

Another significant driver is the rising labor costs and labor shortages in many regions, which are compelling businesses to adopt material handling robots in their packaging operations. The packaging industry traditionally relies heavily on manual labor, which can be costly and increasingly difficult to sustain due to workforce shortages and rising wages. By integrating robotics, companies can mitigate the challenges associated with labor availability and cost, ensuring a steady and reliable packaging process. This shift not only reduces operational costs but also minimizes the risks associated with labor-intensive operations, such as workplace injuries and inconsistent performance, thereby improving overall workplace safety and reliability.

Technological advancements in robotics and automation are also playing a crucial role in driving the market. Innovations such as advanced sensors, AI, and machine learning enable robots to perform complex tasks with greater precision and adaptability. For instance, robots equipped with vision systems and AI can recognize and handle various products, even in unstructured environments, making them highly effective for diverse packaging requirements. These technologies allow robots to learn and adapt to new tasks, enhancing their functionality and making them indispensable assets in dynamic packaging environments. Additionally, the development of collaborative robots, or cobots, that can work alongside human workers without the need for extensive safety barriers, is expanding the scope of automation in packaging. These cobots are designed to be user-friendly and easily programmable, making them accessible to small and medium-sized enterprises that may not have extensive technical expertise.

Major companies operating in Global Material Handling Robotics Market are:

• ABB Ltd.
• KUKA Aktiengesellschaft
• Fanuc Corporation
• Yaskawa Electric Corporation
• Mitsubishi Electric Corporation
• KION Group AG
• Omron Corporation
• Zebra Technologies Corporation
• Seegrid Corporation

• Daifuku Co., Ltd

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“The Global Material Handling Robotics Market is expected to rise in the upcoming years and register a significant CAGR during the forecast period. The global Material Handling Robotics Market presents a significant opportunity driven by the growing demand for enhanced efficiency and automation across industries such as manufacturing, logistics, and warehousing. As businesses seek to optimize their operations and remain competitive, there is a rising need for robotic solutions to streamline material handling processes. These robots offer benefits such as increased productivity, reduced labor costs, and improved safety. With technological advancements and increasing adoption of automation solutions, the Material Handling Robotics Market is poised for substantial growth, providing companies with the opportunity to capitalize on the evolving needs of the market and drive innovation. Therefore, the Market of Material Handling Robotics is expected to boost in the upcoming years”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Material Handling Robotics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Transportation Handling Robots, Positioning, Unit Load Formation Robots, Storage, Identification, and Control Robots), By Function (Assembly, Packaging, Transportation, Distribution, Storage, and Waste Handling), By Application (Pick and Place, Palletizing/De-Palletizing, Product/Part Transfer, Machine Tending, and Others), By End-User (Automotive, Chemical, Electrical and Electronics, Industrial Machinery, Food and Beverage, and Others), By Region, By Competition, 2019-2029F”, has evaluated the future growth potential of Global Material Handling Robotics Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Material Handling Robotics Market.

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