Material Handling Robotics Market Segmentation:
Product Segment Analysis
Articulated robots segment is expected to account for more than 71% material handling robotics market share by the end of 2035, considering the versatility and precision that articulated robots show in handling various tasks. In the applications of articulated robots, a wide range stretches from palletizing to welding and assembly. In April 2024, Liberty Robotics introduced VPick and VPack, AI-powered articulated models for palletizing and depalletizing, primarily highlighting their leading position in industrial automation. The segment shows an increase in demand for both flexible and efficient robotic solutions.
Application Segment Analysis
By 2035, pick and place segment is projected to dominate over 67% material handling robotics market share, as it plays a crucial role in disrupting warehouse and manufacturing automation. In this segment, robots facilitate higher efficiency and minimize errors in inventory management. KION North America announced in May 2024 its collaboration with Fox Robotics in developing autonomous forklifts optimized for no-contact pick-and-place tasks, further underlining the growing importance of this segment. This will continue to remain the dominant application because of its wide usage in logistics and production.
Our in-depth analysis of the material handling robotics market includes the following segments:
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