A far-reaching analysis and segmentation of the global material handling robotics market by end-user (automotive, chemical, electrical and electronics, industrial machinery, food and beverage, and others) and geography (APAC, EMEA, and the Americas). The report discusses the drivers and trends influencing the market growth and a detailed analysis of the top vendors in the market, including ABB, FANUC, Kuka, Kawasaki Robotics, and Yaskawa Electric.
Technavio’s market research analysts estimate the global material handling robotics market to grow at a CAGR of more than 8% between 2015 and 2019. Companies are increasingly adopting industrial robots, especially material handling robots. To improve the production efficiency and overcome the skilled labor shortage. APAC dominates the material handling robotics market, accounting for more than 67% of the total market share. Key manufacturing countries like China, Japan, South Korea, Taiwan, and India are projected to be the major contributors for the market in this region.
The new market research report from Technavio provides a breakdown and analysis of the material handling robotics segments by technology.
“Robots can multitask within a short span of time which have increased their demand across various industries. The increased implementation of robots in industrial applications has eliminated the possibility of faults due to human error. Moreover, robots can work round the clock unlike humans, thereby delivering more output and enhanced factory operations,” says Navin Rajendra, Lead Analyst, Industrial Automation, Technavio Research.
The automotive industry is the largest revenue contributor to the material handling robots market with a market share close to 80%. The demand for the automotive industry segment is predicted to emerge immensely from major automotive manufacturing countries such as China, the US, and Japan.
The key vendors in the global material handling robotics market include ABB, FANUC, Kuka, Kawasaki Robotics, and Yaskawa Electric. The market marks the presence of strong competition, both from large international and regional vendors. However, large international vendors lead the market in terms of quality, durability, reliability, and technological innovations. Several vendors are coming up with new technologies to provide support services and superior quality robots such as pick and place robots and palletizing robots.
A more detailed analysis is available in the Technavio report, Global Material Handling Robotics Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
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