The Material Handling Robotics Market Size was valued at USD 26.3139 Billion in 2023. The Material Handling Robotics market industry is projected to grow from USD 28.97 Billion in 2024 to USD 56.8177 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.78% during the forecast period (2024 - 2032). The rising gradation of existing infrastructure with advanced systems and the rising adoption of robots across various industries to avail automation in the processes and operations are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
There is a global trend of increasing numbers of manufacturing factories. With the expansion of various production facilities, there is a growing need to streamline work processes, reduce production time, and improve accuracy. To address these challenges, Material handling robots have become increasingly popular among manufacturers as they offer higher productivity and simplify the manufacturing process. The market CAGR of the Material Handling is primarily driven by the increasing demand for robotics in various manufacturing units to address safety concerns and reduce human error. Additionally, manufacturing these robots by the Robotic Trolley for Material Handling Market offers the potential to improve manufacturing plant efficiency and enhance customer satisfaction by delivering high-quality products. These factors contribute to the overall growth of the Robotic Trolley for the Material Handling Market. The robots are particularly useful in transporting heavy objects seamlessly from one location to another.
Furthermore, the robots available in the Robotic Handling Device Market can perform conveyor tracking and collision detection tasks.High-precision and high-speed handling of sensitive and small components such as batteries, computer chips, and displays are essential in many industries. This requirement has led to the Asia Pacific region being a significant driver in the global robotics market due to the advanced technology and infrastructure in the Region.
Additionally, the cost of labor is crucial for manufacturing companies as it directly impacts the cost of their final products. While the initial investment for Material handling robots may be high, they provide a competitive advantage to businesses over time and reduce dependence on human labor Material handling robots are preferred for safety reasons as they eliminate the need for human involvement in hazardous operations. These factors are expected to drive the Material handling robotics market revenue forecast period.
The Material Handling Robotics Market segmentation based on Product includes articulated material handling robots and scara material handling robots. The articulated material handling robots segment dominated the market, articulated robots, designed with multiple joints, are the most common type of material handling robot. They are versatile and can be used in various applications, from picking and placing to assembly and packaging. The demand for articulated robots is expected to grow, driven by their flexibility and ease of programming. At the same time, SCARA robots are also seeing increased demand in the market. SCARA robots are commonly used for assembly and material handling applications, while mobile robots are used for autonomous transportation and material handling.
Based on application, the Material Handling Robotics Market segmentation includes Pick & Place, Palletizing/De-Palletizing. The Pick & Place segment dominated the market. This is due to the increasing demand for automation in various industries, such as food and beverage, pharmaceuticals, and electronics. Whereas palletizing/de-palletizing systems are the fastest growing segment, this is due to the increased efficiency and productivity in material handling operations.
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.
The Material Handling Robotics Market segmentation based on End-User includes automotive, electrical, and Electronics. The automotive segment dominated the market. This is due to SMEs' increasing use of automated Material handling robots. The latest technological advancements including AI and IoT, and easy integration into automated systems will propel the growth.
August 2022: Interroll opened a new plant in Suzhou during its 20th anniversary year in China. After two decades of success in the Chinese material-handling market, Interroll has now fully prepared for future opportunities in the Asia-Pacific and China by putting a new plant in Suzhou, China, into full operation, effectively doubling production capacities.
February 2022: KION Group launched the European research project IMOCO. The project could aim to facilitate intelligent trucks to navigate autonomously in a warehouse or factory. IMOCO, which stands for 'intelligent motion control,' is devoted to safely using mobile robotic systems in fast-moving intralogistics environments.
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Material handling robotics market will dominate this market; Rising up gradation of existing infrastructure with advanced systems will boost the market growth in this Region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Europe's material handling robotics market accounts for the second-largest market share due to the rising adoption of robots across various industries for automation in processes and operations. Further, the German material handling robotics market held the largest market share, and the UK Material handling robotics market was the fastest-growing market in the European Region.
The Asia-Pacific material handling robotics market is expected to grow at the fastest CAGR from 2023 to 2032. This is because the growth can be attributed to the rising awareness of the benefits of Material handling robotics in the Region. Moreover, China’s material handling robotics market held the largest market share, and the Indian material handling robotics market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Material handling robotics market grow even more. Market participants are also undertaking various strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the material handling robotics industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer’s uses in the global material handling robotics industry to benefit clients and increase the market sector. In recent years, the Material handling robotics industry has offered some of the most significant medical advantages. Major players in the Material Handling Robotics market, including 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., and others, are attempting to increase market demand by investing in research and development operations.
The Interroll Worldwide Group manufactures unit-load handling systems, internal logistics, and automation products. Established in 1959 and listed on the Swiss Stock Exchange, the Interroll Group employs 2500 people at 35 subsidiaries worldwide and generated 2022 a turnover of 664 million Swiss francs. Interroll opened a new plant in Suzhou during its 20th anniversary in China. After two decades of success in the Chinese material-handling market, Interroll has now fully prepared for future opportunities in the Asia-Pacific and China by putting a new plant in Suzhou, China, into full operation, effectively doubling production capacities.
Kion Group AG is a German multinational manufacturer of materials handling equipment, with its headquarters in Frankfurt, Hesse, Germany. Its main products are intralogistics, warehouse automation equipment, and industrial trucks.KION Group launched the European research project IMOCO. The project could facilitate intelligent trucks to navigate autonomously in a warehouse or factory. IMOCO, which stands for 'intelligent motion control,' is devoted to safely using mobile robotic systems in fast-moving intralogistics environments.
ABB Pte Ltd
Adept Technology Inc.
Machinery Automation & Robotics Pty Ltd
Daihen Engineering Co Ltd
Denso Wave Inc
Staubli International AG
FANUC CORP
KUKA Robotics Corporation
Kawasaki Robotics Inc
Nachi Robotic Systems Inc
Toshiba Machine Corp
Yaskawa Motoman Robotics
May 2022: Interroll expanded its existing product offering of conveyor solutions for other industries by introducing new platform technologies that meet stringent hygienic requirements. The Special Hygienic Conveyor (SHC) and the Ultra Hygienic Transfer (UHT) are at the forefront of this innovation offensive.
March 2022: Honeywell announced a strategic collaboration with OTTO Motors, a division of Clearpath Robotics, providing warehouses and distribution centers across North America with an automated option to handle some of the most labor-intensive roles in an increasingly scarce job market.
March 2022: Toyota Industries Corporation announced its plan to acquire Viastore, a Germany-based Logistics System Integrator, to strengthen its Logistics Solutions Business.
Articulated Material Handling Robots
Scara Material Handling Robot
Pick & Place
Palletizing/De-Palletizing
Automotive
Electrical
Electronics
North America
Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 26.3139 billion |
| Market Size 2024 | USD 28.97 billion |
| Market Size 2032 | USD 56.8177 billion |
| Compound Annual Growth Rate (CAGR) | 8.78% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, Application,End-User, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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 |
| Key Market Opportunities | Robots provide a competitive edge compared to workers, projected to provide lucrative opportunities for the Material handling robotics market. |
| Key Market Dynamics | Rising gradation of existing infrastructure with advanced systems |
Frequently Asked Questions (FAQ) :
The Material Handling Robotics Market size was valued at USD 26.31 Billion in 2023.
The global market will grow at a CAGR of 8.78% from 2024-2032.
North America had the largest share of the global market
The key players in the market are 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.
The pick & place material handling robotics category dominated the market in 2022.
Automotivehad the largest share of the global market.
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Research Analyst Level II With a technical background in information technology & semiconductors, shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. he is the poc for our clients, for their consulting projects running under the ict/semiconductor domain. shubham holds a bachelor’s in information and technology and a master of business administration (mba). shubham has executed over 150 research projects for our clients under the brand name market research future in the last 2 years. his core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. he is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. he has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. he has worked on the projects of top tech brands such as ibm, google, microsoft, aws, meta, oracle, cisco systems, samsung, accenture, vmware, schneider electric, dell, hp, ericsson, and so many others. he has worked on metaverse, web 3.0, zero-trust security, cyber-security, blockchain, quantum computing, robotics, 5g technology, high-performance computing, data centers, ai, automation, it equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.
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