Press release
Robot End-Effector Market To Reach US$ 9,664.68 Mn By 2028 | Key Players- ABB, Schmalz, DESTACO, Festo SE
Robot End-Effector Market
The robot end-effector is used in various industries, including automotive, metal and machinery, electrical & electronics, food & beverages, and e-commerce. With the development of Industry 4.0, industrial operations are rising, leading to the popularity of robots for taking up complex tasks. Growing innovations in robotics are commencing an exponential growth of the robot end-effector market.
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The report presents the market competitive landscape and consistent in-depth analysis of the major vendor/key players in the market along with the impact of economic slowdown due to COVID.
Competitive Landscape: Robot End-Effector Market: ABB Ltd.; ATI Industrial Automation, Inc.; DESTACO (Dover Corporation); Festo SE & Co. KG; J. Schmalz GmbH; Kuka AG; Piab AB; Robotiq Inc.; SCHUNK GmbH & Co. KG; and Zimmer Group
At present, in the high-tech industry, the demand for innovative products is surging tremendously. The trend of reliable and effective devices, which can perform tasks faster and have lower production costs, is increasing in various verticals across the world. End-effector technology, which is considered as the business end of robots, is gaining immense popularity across the world. End-effector is attached to a wrist of a robot, which enables the robot to interact with its task. End-effectors can be electromechanical or mechanical and serve as sensors, grippers, and process tools. It is an essential part of a robot since, without it, most robots are practically useless. It uses various communication protocols and different programming interfaces and needs different levels of skills to operate effectively.
To comprehend global Robot End-Effector market dynamics in the world mainly, the worldwide market is analyzed across major global regions: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa)
The Key Highlights of the Report:
• Estimates on market size by key regions/countries, product type and application, history data from 2020 to 2028, and forecast to 2028.
• The structure of global Robot End-Effector market by identifying its various sub-segments
• Analysis of the value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• Detailed information about the key factors influencing the growth of the market including growth potential, opportunities, drivers, industry-specific challenges and risks.
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