Material Handling Robot Market

Material Handling Robot Market Outlook (2023-2033)

The global material handling robot market is expected to reach a valuation of US$ 5,542.0 million in 2023 and is expected to progress at a CAGR of 8.6% to reach US$ 12,646.3 million by the end of 2033.

In 2023, the global robot market is estimated to be valued around US$ 38,654 million. Hydraulic robot arm is a vital part of the total robot market. In terms of value, sales of hydraulic robot arms accounted for nearly 14.3% share of the global robot market at the end of 2022.

Report Attributes	Details
Material Handling Robot Market Size (2022A)	US$ 5,065.4 million
Estimated Market Value (2023E)	US$ 5,542.0 million
Forecasted Market Value (2033F)	US$ 12,646.3 million
Global Market Growth Rate (2023-2033)	8.6% CAGR
North America Market Share (2022)	18.2%
North America Market Value (US$ Mn), 2023	US$ 1,008.6 million
Europe Market Share (%), 2023	22.2%
Europe Market Value (US$ Mn), 2023	US$ 1,230.3 million
China Market Share (%), 2023	29.8%
China Market Value (US$ Mn)	US $ 1,652.9 million
Market Share of Top 3 Countries	54.4%
Key Companies Profiled	ABB AUBO Robotics Energid Technologies Corporation FANUC Corporation Franka Emika GmbH Kawasaki Heavy Industries, Ltd KUKA AG MRK-Systeme GmbH Nachi Robotic Systems, Inc, Precise Automation, Inc. Productive Robotics, Inc. Rethink Robotics Robert Bosch GmbH Techman Robots Universal Robots

Sales Analysis of Material Handling Robot (2018-2022) Vs. Market Outlook (2023-2033)

Transporting different goods is done using material handling robotics. This is accomplished by a robot equipped with an appropriate edge tool. A gripper that enables a robot to move a product or thing from one place to another precisely and effectively.

The flexibility, stability, and control of production processes are handled by these robotic materials. These material handling robots' durability helps a specific company's central management system develop while also reducing the amount of ergonomic dangers in industrial facilities. Based on the aforementioned variables, it is anticipated that revenue from material handling robots will rise in the future.

• Short Term (2023 Q1 to 2026): Increasing demand for accuracy in manufacturing units will positively impact material handling robot market growth.
• Medium Term (2026- 2029): Europe and East Asian countries are anticipated to witness comparatively high material handling robot demand due to increasing production units of various industries in these countries.
• Long Term (2029- 2033): Adopting latest advanced technology as a part of smart industry can open new opportunities for material handling robot market players.

From 2018 to 2022, the global market for material handling robot registered a CAGR of 6.1%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 8.6% CAGR between 2023 and 2033.

Market share analysis of material handling robot based on region and application is provided in the above image. Under the application segment, palletizing sub-segment dominates with 27.8% market share in 2023.

What’s Driving High Demand for Material Handling Robot across Regions?

“Rising Labor Cost and Safety Concerns to Elevate the Material Handling Robot Market Growth”

For businesses engaged in manufacturing, labor costs are crucial since they have a direct bearing on the price of their finished goods. Although initially expensive in comparison, material handling robots are important because they give human laborers a long-term competitive advantage.

Since less human involvement is necessary, the safety of the robots is even prioritized. Therefore, over the course of the projected period, these factors are anticipated to fuel market expansion. Therefore, it is anticipated that the market for material handling robots will be worth US$ 5,542.0 million in 2023.

“Increasing Number of Robotic Carts to Enhance the Demand of Material Handling Robot”

The most significant factor driving the growth of robotic carts for the material handling market is the increasing demand for robotics in various manufacturing units to overcome accidents and human error. The robotic carts for robotic material handling market manufacturing also provides an opportunity to improve the effectiveness of manufacturing facilities, increase customer satisfaction by supplying quality products, and the growth of robotic carts for the material handling market promote.

Robots are very useful in smoothly moving heavy objects from one place to another. In addition, robots sold by robotic handling device market perform specific tasks such as conveyor belt tracking and collision detection. Thus, the market growth for global material handling robot is expected to increase at a CAGR of 8.6% in 2033.

What Do Material Handling Robot Manufacturers Need to Watch Out?

Cost of Maintenance Can Hamper the Market Growth”

Maintenance costs is one of the main drawback of automated material handling systems. As a machine failure interrupts the entire process. The only way to prevent this is to schedule regular maintenance on all parts of the system. People in warehouses are unlikely to know how to do the job, so when have to hire an expensive expert or specialist.

Typically, the first 3-4 years of robot maintenance costs about US$ 500 a year for preventive maintenance like lubrication and battery upgrades. In the fifth year, preventive maintenance costs rise and are about US$ 5,000, mainly replacing worn parts such as internal wiring harnesses. Thus, the maintenance cost of the material handling robot will limit the expansion of the market.

Country-wise Insights

Why U.S. is Expected to Drive Material Handling Robot Demand?

The expansion of the e-commerce sector is enabling a rise in the market statistics for material handling robotics in the coming years. Furthermore, the expansion of the material handling robotics market in the U.S. is being driven by the lower labor costs along with the lower transportation expenses.

Additionally, the growing market share for material handling robotics is being driven by rising demand for a variety of innovative technologies like the Internet of Things (IoT) and big data analytics in logistics for managing the operational needs.

Given the increase in the nation's manufacturing and warehousing infrastructure, the United States is anticipated to have a sizable material handling robots market throughout the course of the projected period. Consequently, it is anticipated that the United States will reach US$ 879.5 million in 2023.

Why Chinese Material Handling Robot Market Expected to Be Highly Lucrative?

The East Asia region will dominate the market for material handling robotics by the end of the forecast period, and this pattern of dominance will lead to utilization of robots in all the sectors. This is due to the rising costs associated with research and development, the presence of significant important players in the area, and the growing public awareness of material handling robotics.

Due to the expanding number of end user industries, as well as the rising demand for and adoption of automated industrial services, China is expected to experience significant growth over the forecast period. As a result, it is anticipated that the Chinese market for material handling robots will capture a market share of 24.8% in 2023 in the East Asia region.

Category-wise Insights

How Rising Food and Beverage Industry will lead to Market Growth?

Material handling plays a vital role in almost every aspect of the supply chain process, from raw materials to manufacturing to distribution and then consumption. Here, material-handling robots play a major role.

These robots and good inventory management are always important, but one area where a safe and effective material handling system is particularly important is food storage and distribution.

Food handling is more complex and time-sensitive than many other types of goods. Storage of the food item at the right temperature, properly sealed, protected from pests, and easily accessible. Robots that are not affected by condensation or humidity in a temperature-controlled space are therefore highly important.

The sales of material handling robots will be driven by the food and beverage by accounting for a market value of US$ 1,299.0 million in 2023

How Palletizing Application is Poised to Drive Material Handling Robot Market?

Palletizing is an application that is in constant demand where bags, cases, crates, cartons, and bottles are stacked on pallets as the final step on the assembly line before loading onto delivery trucks. Pallet tooling flexibility, pattern flexibility, and cycle time are some major challenges for automated palletizing techniques in today's industry.

Material handling robots offer solutions to each of these palletizing challenges. Palletizing is the logistical process of folding goods onto pallets to consolidate and facilitate the movement of handling equipment. The importance of material handling in these process will further lead to the sales of the material handling robots and it will capture a market share of 27.8% in 2023 by being valued at US$ 1,540.7 million.

Competitive Landscape

Prominent material handling robot manufacturers are ABB, AUBO Robotics, Energid Technologies Corporation, FANUC Corporation, Franka Emika GmbH, Kawasaki Heavy Industries, Ltd., KUKA AG, MRK-Systeme GmbH, Nachi Robotic Systems, Inc., Precise Automation, Inc., Productive Robotics, Inc., Rethink Robotics, Robert Bosch GmbH, Techman Robot, Universal Robots

Key players are adopting business expansion strategies to improve their product portfolios and maintain market competitiveness. The purpose of these companies is to expand their customer care and service presence in the region.

Some of the key developments are:

• In April 2021, Brooks announces agreement to acquire Precision Automation. Precision automation's technology enables human-robot workflows in a safe and easy-to-use manner.

Fact.MR has provided detailed information about the price points of key manufacturers of material handling robot positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Material Handling Robot Industry Research

• By System :

  • Unit Load Material Handling System
  • Bulk Load Material Handling System

• By Function :

  • Storage
  • Transportation
  • Assembly
  • Packaging
  • Distribution
  • Waste Handling

• By Application :

  • Pick and place
  • Palletizing
  • Packaging
  • Product Transfer
  • Others

• By End Use Industry :

  • Automotive
  • Chemicals
  • Aerospace & Defense
  • Electrical & Electronics
  • Food & Beverages
  • Industrial Machinery
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East and Africa (MEA)