Global Material Handling Robotics Market 2015-2019
Market outlook of the material handling robotics market
Material handling robots are used in various applications like packaging, pick and place, and palletizing/de-palletizing. The convenience and the significant cost reduction offered by these robots is expected to uplift the growth of the material handling robotics market.
Technavio predicts the global material handling robotics market to grow at a significant rate of nearly 9% during the forecast period.
Rapid industrialization in developed and emerging economies has led to the shortage of skilled labor, which is expected to increase in the future, especially in countries such as China, Japan, Germany, Russia, and France. Therefore, to improve the production efficiency and overcome the skilled labor shortage, companies are increasingly adopting industrial robots, especially material handling robots.
Segmentation of the material handling robotics market by end-user
Electrical and electronics
Food and beverage
With a market share of close to 30%, the automotive industry contributed the largest share to the material handling robotics market in 2014 and this segment is anticipated to multiply during the forecast period. The demand for the automotive industry segment is predicted to emerge immensely from major automotive manufacturing countries such as China, the US, and Japan.
Geographical segmentation of the material handling robotics market
The APAC region led the material handling robotics market with more than 67% market share in 2014, followed by EMEA and the Americas. Key manufacturing countries like China, Japan, South Korea, Taiwan, and India are projected to be the major contributors for the market in this region.
Competitive landscape and key vendors
The material handling robotics market mark 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.
Key vendors in this market are -
Other prominent vendors included in this report are Adept Technology, Apex Automation and Robotics, Axium, Denso Robotics, Ellison Technologies, Epson Robotics, Mitsubishi Electric, Pari Robotics, Staubli Robotics, and TM Robotics.
Key questions answered in the report include
What will the market size and the growth rate be in 2019
What are the key factors driving the global material handling robotics market
What are the key market trends impacting the growth of the global material handling robotics market
What are the challenges to market growth
Who are the key vendors in the global material handling robotics market
What are the market opportunities and threats faced by the vendors in the global material handling robotics market
What are the trending factors influencing the market shares of the APAC, EMEA, and the Americas
What are the key outcomes of the five forces analysis of the global material handling robotics market
Technavio also offers customization on reports based on specific client requirement.
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Technavio Announces the Publication of its Research Report Global Material Handling Robotics Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Material Handling Robotics Market: ABB, FANUC, Kuka, Kawasaki Robotics and Yaskawa Electric
Other Prominent Vendors in the market are: Adept Technology, Apex Automation and Robotics, Axium, Denso Robotics, Ellison Technologies, Epson Robotics, Mitsubishi Electric, Pari Robotics, Staubli Robotics, and TM Robotics.
Commenting on the report, an analyst from Technavios team said: The strict legislations enacted by various countries, especially in the chemicals and food and beverage industries, should act as a major driver for the market in the future. Major food and beverage manufacturers are looking to robotics as a solution to avoid violation of norms and adhere to strict regulatory guidelines.
According to the report, the need for personal safety and reduction of industrial accidents has resulted in industries adopting material handling robots. Employees sometimes have to work in harsh environments for pick and place and also in packaging processes. There is a possibility of industrial accidents during these operations, especially in the chemicals industry. This has created a need whereby regular operations have to be carried out without human intervention with the help of robots.
Further, the report states that the space constraints challenge could have an enormous impact on users operating within a small or limited floor area.
ABB, FANUC, Kuka, Kawasaki Robotics, Yaskawa Electric, Adept Technology, Apex Automation and Robotics, Axium, Denso Robotics, Ellison Technologies, Epson Robotics, Mitsubishi Electric, Pari Robotics, Staubli Robotics, TM Robotics.
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