Robot End-Effector Market Global Scenario | Research Study, Industry Segment, Competitive Dashboard, COVID-19 Pandemic Impact and Forecast to 2028

According to our latest market study on “Robot End-Effector Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by type, application and industry,” the market was valued at US$ 3,125.59 million in 2020 and it is projected to reach US$ 9,664.68 million by 2028; it is expected to grow at a CAGR of 15.6% from 2021 to 2028.

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 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.

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Global Robot End-Effector Market: Regional Analysis
The report offers an in-depth assessment of the growth and other aspects of the Robot End-Effector market in important regions. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.
The report has been curated after observing and studying various factors that determine regional growth such as the economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2021 to 2028. These analyses will help the reader to understand the potential worth of investment in a particular region.

Global Robot End-Effector Market: Industry-Based Analysis
The robot end-effector market, based on industry, is bifurcated into automotive, metals and machinery, electrical and electronics, food and beverages, and others. The automotive segment led the robot end-effector market in 2020. The automotive industry is one of the major segments deploying robot technologies to improve productivity and quality of products. Automotive manufacturers are adopting robots to improve overall work efficiency and reduce warranty costs. These robots are being used for spot welding, painting, assembly, and other automotive operations. In addition, the robots minimize the risks involved by performing dangerous and difficult jobs. Automakers such as Ford Motor Company, Tata Motors, and Hyundai are significantly using these robots for their automotive production to increase the production capacities and cater the high demand.

Here we have listed the top Robot End-Effector Market companies in the world:
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
Zimmer Group

Major Key Points of Robot End-Effector Market:
• Robot End-Effector Market Overview
• Robot End-Effector Market Competition
• Robot End-Effector Market, Revenue and Price Trend
• Robot End-Effector Market Analysis by Application
• Company Profiles and Key Figures in Robot End-Effector Market
• Market Dynamics
• Methodology and Data Source

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Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are in that position are explained to help make a well-informed decision. The competitive landscape of the Robot End-Effector Market is given presenting detailed insights into the company profiles, developments, mergers, acquisitions, economic status, and best SWOT analysis.

NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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This release was published on openPR.