The “Robot End-Effector Market – Forecasts from 2021 to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global robot end-effector market is expected to grow at a compound annual growth rate of 14.21% over the forecast period to reach a market size of US$7.640 billion in 2026 from US$3.014 billion in 2019.
The robot end-effector market is estimated to grow in the forecast period. With the advancements in technology and owing to intense competition in the industry, developing economies are more oriented toward automation and need to boost product quality along with rising production speed in order to sustain performance and productivity.
The robot end-effector market was severely impacted by the outbreak of COVID-19. The lack of demand from the End-user industries are one of the major reasons for the fall in the market of robot end-effector. The lockdown restrictions across various countries caused the production to halt, thereby affecting the demand and supply adversely.
- KUKA AG
- FIPA Inc.
- Zimmer Group
- E.M.I., Corp.
- Festo Group
- SMC Corporation
- Schmalz Inc.
- ABB Group
- Soft Robotics
- ATI Industrial Automation
The rapidly increasing automation industry has raised demand for the deployment of robotics systems worldwide across diverse End-user sectors, thereby boosting the demand for robot end-effectors. This has resulted in many robotic advances to perform repetitive functions, including end-effectors for various surfaces and with varying degrees of freedom. In order to reduce the labor cost industries around the world are investing in heavily in automation. The leading manufacturers offer robots with Internet of Things connectivity (IoT), which can be conveniently connected with HMI and others within the largest industrial networking network such as Profinet, Modbus and Ethernet IP. This will boost better power diagnostics and control of engine conditions in real time.
The shortage of skilled labor particularly in the developed countries will boost the demand for robot end-effector. Increase in research and development will lead to innovation of advanced robot end-effectors which will further boost the demand in the market. The automotive industry is one of the major end users of the robot end-effectors. The use of robots for performing difficult and dangerous tasks thereby reduces the risks. These also help in operational efficiency.
Amazon, one of the biggest retail giants has invested heavily in robots. There are now about 2,00,000 robots operating in the warehouse of Amazon in the US. With growth in the e-commerce the demand for robot end-effectors will increase thereby increasing operational productivity and efficiency. The use of vacuum grippers is increasing in the food industry due to increased concern for the safety of food
The electronic industry is also one of the major end users of the robot end-effectors. Robots are more efficient in handling small electronic components. Thus, with the growth of the electronics industry, the demand for robot end-effectors will also increase. Industry 4.0, the latest industrial revolution, promoted new technological growth, such as collaborative robotics; AI-enabled robots have allowed the industries to use robots for better performance, error reduction, and the streamlined use of a wide range of processes. Improved safety at work and improved manufacturing capability enabled companies to invest in robotic systems.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Robot End-Effector Market Analysis, By Type
5.2. Welding Guns
5.4. Suction Cups
5.5. Tool Changers
6. Robot End-Effector Market Analysis, By Application
7. Robot End-Effector Market Analysis, By End-User
7.3. Electrical & Electronics
7.4. Food & Beverages
8. Robot End-Effector Market Analysis, by Geography
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.6. Asia Pacific
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/pwdpqs
Laura Wood, Senior Press Manager
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