Material Handling Robotics Market – Overview
Market Research Future published a Half Cooked research report on “Global Material Handling Robotics Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023
The material handling robotics has recently seen a huge adoption in industries like transportation, logistics, automotive and manufacturing. One of the major factors affecting the growth of material handling robotics market is growing demand for robotics in manufacturing. This driver is supported by huge wave of automation in manufacturing, which decreases the need of human work and reduces the chances of error. The increased ability of robots to improve the effectiveness and thereby increase customer base, subsequently increasing customer satisfaction is boosting the market growth.
The global material handling robotics market holds some of the major players 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.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Material Handling Robotics Market. The prominent vendors and new entrants are investing in research and development to innovate and expand their present product portfolio. ABB is a prominent player in the material handling robotics market offers three levels of dress pack solutions for material handling.
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Industry News
March 2018, Pearson Packaging Systems completes acquisition of Flexicell. The acquisition is supposed to use Flexicell’s technical expertise to expand its manufacturing footprint, so as to be among three largest FANUC integrators.
March 2018, Duravant acquires QC Industries. The acquisition of QC industries by Duravant is aiming towards extending Duravant’s material handling portfolio. Both the companies are in progress of developing conveying solutions to strengthen company’s integration and automation capabilities.
November 2018, Material Handling Systems acquires Atronix Engineering and Advanced Production Systems. The acquisitions are made keeping in mind the geographical expansion and customer footprint for their products and services. Atronix is one of the leading solution provider of complex controls, and software problems, serving the markets like material handling, warehouse and others.
The global Material Handling Robotics Market is expected to grow at a CAGR of approximately 10% during the forecast period 2017-2023.
Regional Analysis
On the basis of regional analysis, the market is segmented into North America, Europe, Asia Pacific and rest of the world. Among these regions, North America is dominating the market of material handling robotics and is expected to grow with a huge demand as it has among various verticals such as logistics, transportation, automotive, aerospace & defence. North America has been facing early adoption and innovation by organizations in the US and Canada. Europe region claims the second spot in this market. Asia Pacific has expected a highest growth rate.
Segmentation
The global material handling robotics market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by product: the market is segmented into articulated material handling robots, scara material handling robot, parallel material handling robot, and others.
Segmentation by Application : the market is segmented into pick & place, palletizing/de-palletizing, packing & packaging, product/part transfer, machine tending and others.
Segmentation by end-user: the market is broadly segmented into automotive, electrical and electronics, metal & machinery, chemical, food & beverage, and others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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Intended Audience
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Original Equipment Manufacturers
- Automotive manufacturer
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