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The shelf-mounted robots market size is forecast to increase by USD 5.4 billion, at a CAGR of 10.03% between 2023 and 2028. The market's growth relies on several critical factors. Firstly, shelf-mounted robots provide significant advantages such as increased efficiency and flexibility in warehouse operations, driving demand for automation solutions. Secondly, continuous improvement in hardware components enhances the reliability and performance of robotic systems, supporting their integration into various industrial sectors. Thirdly, stringent health and safety regulations necessitate the adoption of automated solutions to ensure compliance and enhance workplace safety. These factors collectively propel market expansion, as industries seek to optimize operational efficiency while maintaining regulatory compliance. By leveraging advanced robotics technology and enhancing hardware capabilities, businesses can streamline processes and mitigate operational risks. This strategic alignment with automation and safety standards positions the market to capitalize on growing demand for innovative solutions that improve productivity and operational safety across diverse industrial environments.
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The market is witnessing significant growth due to the increasing demand for automation in material handling and manufacturing processes. These robots are designed to be mounted on shelves or racks, making them ideal for applications in warehouses, logistics centers, and factories. Robotics technology, sensors, artificial intelligence, and machine learning algorithms are key components of shelf-mounted robots, enabling them to perform tasks such as material handling, assembly, and inspection with precision and efficiency. The market is witnessing strong demand from various industries, including automotive, metals, rubber, plastics, chemicals, and appliance manufacturing. In the automotive sector, shelf-mounted robots are used for welding and painting applications. In non-automotive sectors, they are used for tasks such as material handling, assembly, and inspection in warehouses and factories. The market is expected to grow at a steady pace due to the increasing adoption of warehouse automation and the need for efficient and cost-effective manufacturing processes. The Material handling segment is expected to dominate the market due to the high demand for automated material handling systems in various industries. The market is also expected to witness significant growth in the coming years due to the increasing adoption of advanced technologies such as robotics, sensors, and artificial intelligence in manufacturing processes.
Advantages offered by shelf-mounted robots is notably driving market growth. Shelf-mounted robots have gained significant traction in the material handling segment of various industries, including logistics, automotive, metals, rubber, plastics, chemicals, appliance manufacturing, and electronics. These robots offer numerous advantages over other mounting options, such as a compact design that maximizes functional space, extended reach through easy component gripping, and the flexibility to be mounted on machines. They are particularly useful for applications requiring downward angle work, such as dispensing materials and welding.
Moreover, the latest shelf-mounted robots can perform intricate tasks, including twisting and maneuvering parts and detaching difficult-to-remove parts from complex molds. They also integrate sensors, artificial intelligence, and machine learning algorithms for enhanced precision and efficiency in tasks like inspection and assembly. In the metals and machinery, aerospace, and industrial robots sectors, these robots contribute significantly to warehouse automation and streamlined production processes. Thus, such factors are driving the growth of the market during the forecast period.
Improvement in robotic system integration services is the key trend in the market. The market in the Material Handling segment is witnessing significant growth due to the increasing adoption of robotics technology in various industries, including the Logistics industry, Automotive sector, Appliance manufacturing sector, Electronics, Metals and Machinery, Aerospace, Rubber sector, Plastics sector, and Chemicals sector. Robotics technology integration in these industries is primarily driven by the need for automation and increased productivity. Advancements in robotics technology, such as the use of sensors, artificial intelligence, and machine learning algorithms, are enabling the development of advanced industrial robots for material handling, assembly, welding, and inspection applications.
Further, the integration of these technologies is streamlining processes and improving efficiency in industries. The use of simulation software and virtual commissioning methods is also gaining popularity in the Shelf-Mounted Robots Market. These methods facilitate easier integration processes, including programming and commissioning, thereby reducing time and cost by up to 60%. For instance, companies such as Yaskawa, KUKA, and FANUC offer software development kits and virtual commissioning tools to system integrators for testing robot programs and PLCs off-site, resulting in lower risks and faster time-to-market. Thus, such trends will shape the growth of the market during the forecast period.
High initial investment is the major challenge that affects the growth of the market. Shelf-mounted robots have gained significant traction in material handling applications across various industries, including logistics, automotive, metals, rubber, plastics, chemicals, appliance manufacturing, and electronics. The integration of robotics technology, sensors, artificial intelligence, and machine learning algorithms in warehouse automation has revolutionized industrial processes. However, the initial investment for installing shelf-mounted robots includes expenses on fixtures, tooling, and environmental systems, as well as ongoing costs such as preventive maintenance, safety measures, operator training, and the use of peripheral equipment.
Moreover, these high upfront and recurring costs have hindered adoption by metal foundries and industrial players with in-house foundries. Despite the high return on investment over a short period, the switching costs for customers are significant due to long-term contracts with vendors. Consequently, customers typically work exclusively with one vendor throughout the contract duration. Key industries benefiting from shelf-mounted robots include metals and machinery, aerospace, and the electronics sector, where inspection and precision are critical. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd. - The company offers shelf-mounted robots such as IRB 6650S.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The material handling segment s estimated to witness significant growth during the forecast period. The segment will gain traction for applications such as pick and place, loading and unloading, press tending, packaging, die-casting, forging, and forming during the forecast period. Many industrial players will opt for shelf-mounted robots to process materials that are deformed and reshaped to take the shape of the die geometry using tools such as dies and punches. Hot working processes such as forging and extrusion and cold working processes such as drawing, shearing, and bending are increasingly being robotized. In addition, end-users will adopt shelf-mounted robots to retain the correct shape of metals for the production of parts such as metal sheets, tubes, and pipes, among others. Companies are increasingly employing shelf-mounted robots to use floor space optimally. Vendors are adding more flexible and high-precision robots that can execute sensitive and repetitive tasks while meeting international standards of precision and quality.
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The material handling segment was the largest and was valued at USD 3.33 billion in 2018. A growing number of initiatives, such as the adoption of sustainable packaging or green packaging methods, will offer new opportunities to pharmaceutical packaging suppliers. The segment will be driven by robots that improve high-volume packaging through efficient production of thin-wall containers, closures, and polyethylene terephthalate (PET) bottle preform molds. Also, companies will emphasize the use of environment-friendly plastic parts, and the production will be done with the assistance of shelf-mounted robots. After the recovery from the Sovereign Debt Crisis, which caused a slump in various industries in Europe, there has been an increase in demand for metal castings. Foundries are increasingly shifting to projects that help them maintain a yearly profit and steady sales volumes. To sustain in the industry, metal foundries are focusing on expanding their customer base to incorporate diverse industries and use strategies that can help them adapt to changing demands while meeting output and profit targets. Aerospace is another major sector that will likely adopt shelf-mounted robots. With the development of new aircraft programs, there will be an increase in demand for additional tools, machinery, and engineering services to achieve production efficiency in the aerospace industry.
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APAC is estimated to contribute 62% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. There has been a significant growth of the industrial robots market in APAC, with Japan, South Korea, China, Taiwan, and India being major revenue contributors. The region serves as an important base for operations of leading foreign manufacturers. With more companies expanding into the region and the existing companies increasingly adopting robots to improve production efficiency, there will be a surge in revenue as well as new entrants. Favorable government legislation and investments have facilitated the growth of the manufacturing industry in APAC, thus enhancing the infrastructure and industrial sectors. Some of the well-known industrial robot suppliers that are expected to observe considerable growth in APAC are DENSO, Epson, FANUC, and Kawasaki Heavy Industries.
In China, the Made in China 2025 initiative will be the major driver for market growth. The initiative aims to place the Chinese industrial sector among the leading global production chains by optimizing the structure of the industry, incorporating innovation-driven processes, and promoting sustainable development. The country will experience an increased focus on the structural adjustment of the manufacturing industry, development of service-oriented and productive manufacturing in coordination, and development of the manufacturing industry in line with international standards.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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Transforming Material Handling in Logistics and Manufacturing Shelf-mounted robots, also known as automated guided vehicles (AGVs) or shelf-mounted robotic systems, are revolutionizing material handling in various industries, including logistics and manufacturing. These robots are designed to move and transport materials, components, or finished products between different locations within a warehouse or factory. Robotics technology, combined with sensors and artificial intelligence (AI), enables shelf-mounted robots to navigate through their environment autonomously. They can be programmed to perform tasks such as assembly, welding, and inspection, making them indispensable in sectors like automotive, metals, rubber, plastics, chemicals, appliance manufacturing, and aerospace. In the logistics industry, warehouse automation using shelf-mounted robots has become increasingly popular. These robots can move and store goods efficiently, reducing labor costs and improving overall productivity.
In the manufacturing sector, they can be used for material handling and transportation, freeing up human workers for more complex tasks. The integration of machine learning algorithms in shelf-mounted robots allows them to learn from their environment and adapt to new situations. This enhances their functionality and makes them more effective in various applications. The future of material handling is undoubtedly automated, and shelf-mounted robots are set to play a significant role in this transformation. In the electronics industry, shelf-mounted robots are used for material handling and transportation in semiconductor manufacturing, printed circuit board assembly, and other applications. In the metals and machinery sector, they can be used for welding, inspection, and transportation of heavy components. Overall, the adoption of shelf-mounted robots is expected to continue growing, offering numerous benefits to industries seeking to streamline their operations and improve efficiency.
Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.03% |
Market Growth 2024-2028 |
USD 5.4 billion |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
8.88 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 62% |
Key countries |
China, Japan, South Korea, US, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Denso Robotics, FANUC Corp., Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., MIDEA Group Co. Ltd., Mitsubishi Electric Corp., NACHI FUJIKOSHI Corp., OMRON Corp., Staubli International AG, and Yaskawa Electric Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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