The global market for material handling robotics is projected to experience significant growth in the coming years. According to a research report, the market is expected to expand at a CAGR of 18.51% during the forecast period, reaching a value of USD 19,457.49 million by 2028. The report provides a comprehensive analysis of the market, including industry trends, competitive landscape, and revenue forecasts.
The material handling robotics market encompasses various types of robots, including articulated material handling robots, SCARA material handling robots, and parallel material handling robots. These robots are widely used in industries such as automotive, chemical, rubber and plastic, electrical and electronics, metal and machinery, and food, beverages and pharmaceuticals. The market is driven by the increasing demand for automation in these industries, as well as the need for efficient and cost-effective material handling solutions.
The report also provides insights into the key manufacturers in the material handling robotics market. Some of the leading manufacturers include Estun Automation, Universal Robots, Seiko Epson Corporation (Epson Robotics), Toshiba Machine Co., Ltd., Denso Corporation, Mitsubishi Electric Corp., EFORT Intelligent Equipment, Rockwell Automation Inc., Omron Corporation (Omron Adept Technologies), Staubli International AG, Fanuc Corp., Hyundai Robotics, KUKA (Midea Group), Reis Robotics, SIASUN Robot and Automation Co., Ltd., Kawasaki Robotics Inc., Nachi Fujikoshi Corp., Yaskawa Electric Corp., Comau S.p.A, and ABB Ltd.
The report also highlights the factors driving the growth of the material handling robotics market, which include the automotive, chemical, rubber and plastic, electrical and electronics, metal and machinery, and food, beverages and pharmaceutical industries. Additionally, the report provides a geographical segmentation of the market, covering regions such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
In conclusion, the global material handling robotics market is expected to witness substantial growth in the coming years. Factors such as increasing demand for automation, advancements in robotics technology, and the need for efficient material handling solutions are driving the market. The report provides valuable insights into the market, including trends, key manufacturers, and growth forecasts.
– Market Research Guru (source article)