PUBLISHER: Meticulous Research | PRODUCT CODE: 1518416
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518416
Pick and Place Robots Market by Offering (Robots, Robot Accessories, Software), Payload (Upto 15 KG, 15 KG to 30 KG, More than 30 KG), Sector (E-commerce & Logistics, Food & Beverage, Other Sectors) and Geography-Global Forecast to 2031.
The research report titled, 'Pick and Place Robots Market by Offering (Robots, Robot Accessories, Software), Payload (Upto 15 KG, 15 KG to 30 KG, More than 30 KG), Sector (E-commerce & Logistics, Food & Beverage, Other Sectors) and Geography-Global Forecast to 2031', provides an in-depth analysis of the global pick-and-place robots market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The global pick-and-place robots market is projected to reach $13.5 billion by 2031, at a CAGR of 23.9% from 2024 to 2031.
The growth of this market is attributed to the rising adoption of Industry 4.0 and the Internet of Things (IoT) technologies, increasing adoption of automation in various industries such as food and beverage, automotive, and electronics, and the growth of pick-and-place robots in the e-commerce industry. However, the high initial investment and rising safety concerns due to the growing integration of automation technologies restrain market growth. At the same time, the high labor costs in North America and Europe and the growing demand for automation in various sectors such as manufacturing, packaging, and logistics are expected to create significant opportunities for this market. However, limited flexibility to handle different sizes, shapes, or weights poses challenges to market growth.
The pick-and-place robots market is segmented by offering (robot [collaborative robot, cartesian robot, delta robot, articulated robot, SCARA, and other robots], robot accessories [end effector, robotic vision, robot controller, and other accessories], and software), payload (Up to 15 KG, 15 KG to 30 KG, and more than 30 KG), and sector (pharmaceutical and chemistry, plastic and polymer, metal and mining, e-commerce & logistics, electronics & semiconductor, food & beverage, municipal, cosmetics & personal care, automotive, supply chain and warehousing, and other sectors). This study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on offering, the pick-and-place robots market is segmented into robots, robot accessories, and software. In 2024, the retro-reflective sensors segment is expected to account for the largest share of the global pick-and-place robots market. The large market share of this segment is mainly attributed to the increasing demand for robots to perform precise pick-and-place operations, as they can be programmed to function in repetitive and hazardous tasks with consistent output, accuracy, and quality. The technology used in robots allows them to operate round the clock, even in harsh environments, increasing productivity and profitability and reducing the human labor required for performing activities that might cause physical injury, thereby increasing workplace safety and reducing labor costs. Moreover, the robot accessories segment is expected to grow at the highest CAGR during the forecast period.
Based on payload, the pick-and-place robots market is segmented into up to 15 kg, 15 kg to 30 kg and more than 30 kg. In 2024, the up to 15 kg segment is expected to account for the largest share of the global pick-and-place robots market. The large share of this segment is attributed to the increasing need for pick-and-place applications in the food & beverage, cosmetics, and semiconductor & electronics industries, where SCARA, Delta, and collaborative robots are extensively used. Generally, these robots can operate at a higher speed and with optional cleanroom specifications. By design, these robots suit applications with a smaller field of operation with limited floor space. In addition, the compact layout makes them relocatable in temporary or remote applications. SCARA and Delta robots are particularly used in clean and hygienic environments, such as the food & beverage industry. Moreover, the up to 15 kg segment is expected to grow at the highest CAGR during the forecast period.
Based on sector, the pick-and-place robots market is segmented into pharmaceutical and chemistry, plastic and polymer, metal and mining, e-commerce & logistics, electronics & semiconductors, food & beverage, municipal, cosmetics & personal care, automotive, supply chain and warehousing, and other sectors. In 2024, the food & beverage segment is expected to account for the largest share of the global pick-and-place robots market. The stringent government regulations related to food safety & consumption drive the growth of pick-and-place robots in the food & beverage industry. Government agencies and food & beverage associations have implemented food safety standards globally to ensure healthy food & beverages and prevention of illnesses. Additionally, adopting robotic solutions ensures improved shelf life, food safety, consistent quality, and optimum use of robots and software to help manufacturers grow. However, the pharmaceutical & chemistry segment is expected to grow at the highest CAGR during the forecast period.
Based on geography, the pick-and-place robots market is segmented into Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the global pick-and-place robots market. This region's large market share is attributed to the growing demand for automation solutions and the need to improve productivity, quality, & safety of products across the food & beverage, pharmaceutical, and healthcare sectors. Pick-and-place robotics help reduce spoilage and improve the shelf-life of food & beverage and pharmaceutical products. Additionally, robots minimize human contact with cutting tools, enhancing the safety of the production line. Thus, adopting robots increases efficiency and enhances productivity and quality. These factors have propelled the adoption of pick-and-place robots in North America. Regardless, Asia-Pacific is expected to grow at the highest CAGR during the forecast period.
The key players profiled in the global pick-and-place robots market study include ABB Ltd (Switzerland), Fanuc Corporation (Japan), Yaskawa Electric Corporation (Japan), KUKA AG (Germany), Kawasaki Heavy Industries, Ltd. (Japan), Universal Robots A/S (Denmark), Techman Robot Inc. (Taiwan), Omron Corporation (Japan), Seiko Epson Corporation (Japan), Schneider Electric SE (France), Codian Robotics B.V. (Netherlands), JLS Automation (U.S.), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Bastian Solutions, LLC (U.S.), and Mitsubishi Electric Corporation (Japan).
Pick-and-place Robots Market-by Offering
Pick-and-place Robots Market-by Payload
Pick-and-place Robots Market-by Sector
Pick-and-place Robots Market-by Geography
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Insights
5 Global Pick & Place Robots Market Assessment, by Offering
6 Global Pick & Place Robots Market Assessment, by Payload
7 Global Pick & Place Robots Market Assessment, by Sector
8 Pick & Place Robots Market Assessment, by Geography
9 Competitive Analysis
10 Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
Note: SWOT Analysis of the Top 5 Companies Will Be Provided
11 Appendix