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The shelf-mounted robots market size is forecast to increase by USD 5.40 billion at a CAGR of 10.03% between 2023 and 2028. The market is experiencing significant growth due to the advantages they offer, including increased productivity, improved accuracy, and enhanced safety in various industries such as manufacturing, logistics, and retail. Another growth factor is the continuous improvement in robotic system integration services, which facilitates seamless implementation and operation of these robots. However, the high initial investment required for purchasing and installing shelf-mounted robots remains a challenge for small and medium-sized enterprises (SMEs), limiting their adoption. Despite this, the market is expected to grow steadily due to the increasing demand for automation and the benefits offered by these robots.
The market is witnessing significant growth due to the increasing adoption of robotics technology in material handling applications across various industries. In the logistics industry, these robots are increasingly being used for assembly, material handling, and inspection tasks, especially in warehouse automation. Robots mounted on shelves utilize sensors and artificial intelligence (AI) or machine learning algorithms to navigate and perform tasks, making them ideal for complex and dynamic warehouse environments. Industrial robots, including those used in material handling, are finding applications in the automotive sector and non-automotive sectors such as metals, rubber, plastics, chemicals, and appliance manufacturing. The material handling segment is a major contributor to the growth of the market, as these robots improve efficiency, reduce labor costs, and enhance product quality.
Shelf-mounted robots are also being used for welding and inspection tasks, further expanding their application scope.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The material handling segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing adoption of robotics technology in the Material Handling segment of various industries. Robotics technology is revolutionizing industries such as Logistics, Assembly, Welding, and Inspection in sectors like Automotive, Metals, Rubber, Plastics, Chemicals, Appliance Manufacturing, Electronics, Metals and Machinery, and Aerospace. The integration of sensors, artificial intelligence, and machine learning algorithms in industrial robots is enabling warehouse automation, enhancing productivity, and reducing human error. In the Automotive sector, shelf-mounted robots are used for welding and assembly processes, while in non-automotive sectors, they are employed for material handling tasks. The Metals sector, in particular, is expected to witness substantial growth due to the increasing demand for automation in heavy manufacturing processes.
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The material handling segment was valued at USD 3.33 billion in 2018 and showed a gradual increase during the forecast period.
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.
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The market is experiencing significant growth due to the increasing adoption of robotic technology in the Material Handling segment of various industries. Robotics technology is revolutionizing the Logistics industry by automating processes in Assembly, Welding, and Inspection. Sensors and Artificial intelligence, coupled with machine learning algorithms, are enabling warehouse automation, leading to increased efficiency and productivity. Industrial robots are increasingly being used in the Automotive sector, Metals sector, Rubber sector, Plastics sector, Chemicals sector, Appliance manufacturing sector, and others. Robotics is also making a mark in the Electronics industry, Metals and Machinery, and Aerospace sectors. The integration of robotics technology in Material Handling is transforming the way goods are moved, processed, and inspected, thereby offering numerous opportunities for market growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The advantages offered by shelf-mounted robots is the key driver of the market. Shelf-mounted robots have gained significant traction in the material handling segment of various industries, including logistics, automotive, and metals and machinery. These robots offer several advantages over other mounting options, making them an ideal choice for applications such as material dispensing, assembly, and welding. Their streamlined design enables them to function efficiently in minimal space, while their extended working range is achieved through easy gripping of components. They can be mounted on machines and work at a downward angle, providing a broader range of movement in the forward and downward directions. In the manufacturing sector, these robots are utilized for tasks such as removing completed parts and waste sprues from injection molding machines.
The latest advancements in robotics technology, including sensors, artificial intelligence, and machine learning algorithms, have enabled these robots to twist and maneuver parts, easily detach difficult-to-remove parts from complex molds, and perform inspection tasks in industries such as electronics, appliance manufacturing, rubber, plastics, chemicals, and aerospace.
Improvement in robotic system integration services is the upcoming trend in the market. The market is witnessing significant growth in various industries, including Material Handling, Assembly, Welding, and Logistics, due to the integration of advanced Robotics technology such as sensors, artificial intelligence, and machine learning algorithms. The adoption of simulation software for programming and commissioning is increasing, with companies like Yaskawa, KUKA, and FANUC offering customized solutions. Virtual commissioning, which allows for off-site testing and commissioning, is becoming increasingly popular as it reduces time and cost by up to 60%. ABB's Robot Studio is an example of such software used by system integrators to test PLCs and robot programs, thereby lowering risks and shortening time-to-market.
The automotive sector, along with non-automotive sectors such as Metals, Rubber, Plastics, Chemicals, Appliance manufacturing, Electronics, Metals and Machinery, and Aerospace, are major contributors to the market's growth. Inspection processes in these industries are also benefiting from the use of industrial robots, enhancing productivity and improving product quality.
High initial investment is a key challenge affecting the market growth. Shelf-mounted robots have gained significant traction in the Material Handling segment of various industries, including Logistics, Automotive, and Appliance manufacturing, among others. Robotics technology, incorporating sensors, artificial intelligence, and machine learning algorithms, is revolutionizing warehouse automation. In the Metals, Rubber, Plastics, and Chemicals sectors, these industrial robots are utilized for tasks such as Assembly, Welding, Inspection, and Electronics manufacturing. The initial investment for installing shelf-mounted robots includes expenses on fixtures, tooling, and environmental systems, as well as ongoing costs like preventive maintenance, safety measures, operator training, and the use of complementary peripheral equipment. The high upfront costs and long-term contracts have deterred some metal foundries and industrial players with in-house foundries from adopting these robots.
However, the high return on investment (ROI) over a short period and the benefits of automated production have led customers to enter long-term contracts with vendors. The high switching costs for customers may impact the entire product lifecycle, as they typically work with the same vendor for the duration of the contract. In the Aerospace and Metals and Machinery industries, the adoption of shelf-mounted robots is expected to continue growing, driven by the need for increased efficiency and productivity.
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 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 market is witnessing significant growth due to the increasing adoption of robotics technology in material handling applications across various industries. In the logistics industry, these robots are increasingly being used for assembly, material handling, and inspection tasks, especially in warehouses and distribution centers. The integration of sensors, artificial intelligence, and machine learning algorithms is enabling these robots to perform complex tasks with high precision and efficiency. The market for shelf-mounted robots is experiencing strong growth in both the automotive and non-automotive sectors. In the automotive sector, these robots are being used extensively in material handling, assembly, welding, and inspection processes.
In the non-automotive sectors, such as metals, rubber, plastics, chemicals, appliance manufacturing, and electronics, these robots are being used for material handling and warehousing automation. The metals and machinery sector is a significant consumer of industrial robots, including shelf-mounted robots, due to the high demand for automation in manufacturing processes. The aerospace industry is also adopting these robots for their lightweight design, high precision, and ability to work in confined spaces. Overall, the market for shelf-mounted robots is expected to grow steadily, driven by the increasing demand for automation in material handling applications across various industries.
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 5.40 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, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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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