The Rising demand for Automation is driving the Material Handling Robotics Market
Key players operating in the material handling robotics market are ABB, Kuka AG, FANUC Corporation, Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., Universal Robots, Denso Corporation, Epson Robots, Stäubli International AG , Omron Corporation, Nachi-Fujikoshi Corporation, Comau S.p.A. and Adept Technology, Inc. These players are focusing on developing innovative robot solutions for palletizing, packaging, transportation and sorting. For instance, in 2020, ABB introduced the IRB 6700 material handler, a new generation of flexible robots focused on material handling in the automotive industry.
The growing demand from e-commerce and logistics industries is fueling the adoption of Material Handling Robotics Market Size. Escalating requirements for swift distribution of goods and inventory management are compelling warehouses and distribution centers to incorporate automated robotic solutions. Industry leaders are actively collaborating with material handling robot manufacturers to upgrade their operations.
The rising labor costs and shortage of labor are encouraging companies across regions to leverage robotics technology. Material handling robotics vendors are expanding their international footprint to capitalize on increased automation spending. For example, in 2021, Kawasaki unveiled plans to set up a new robot plant in Indonesia to meet the rising demand from Southeast Asian markets.
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