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Innovations In Robot End-Effector Market: Regional Analysis, Key Players, Segments, Advancements, Growth Opportunties And Challenges || ABB Ltd., Destaco, Kuka AG, Piab AB, Robotiq

Robot End-Effector Market

Robot End-Effector Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Robot End-Effector Market Size, Growth Rate, And Forecast

The global robot end-effector market is expected to grow from $3.70 billion in 2022 to $4.35 billion in 2023 at a compound annual growth rate (CAGR) of 17.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The robot end-effector market is expected to grow to $8.25 billion in 2027 at a CAGR of 17.3%.

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Robot End-Effector Market Drivers

The rising demand for collaborative robots is expected to propel the growth of the robotics end-effector market going forward. Collaborative robots refer to a form of robotic automation built to work safely alongside human workers in a shared, collaborative workspace. The demand for collaborative robots is growing because the consumer industry has a high need for robots. For instance, in April 2022, according to Enterprise Engineering Solutions, a US-based technical service company, Collaborative robots, is expected to constitute a total of 34% of overall robot sales by the end of 2025. Further, in August 2022, according to Construction Week, an India-based largest construction and contracting portal regarding news on construction, overall cobot sales hit a record high in 2021 at 31,325 units. The cobot market is to exceed $2 billion by 2026. Therefore, the rising demand for collaborative robots is driving the growth of the robotics end-effector market.

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Robot End-Effector Market Segments

• By Type: Grippers, Welding Guns, Clamps, Suction Cups, Tool Changers, Other Types

• By Robot Type: Traditional Industrial Robots, Collaborative Robots

• By Application: Handling, Welding, Assembly, Processing, Dispensing, Other Applications

• By Industry: Automotive, Electrical and Electronics, Metals and Machinery, Food and Beverages, Other Industries

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the robot end-effector market.

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Robot End-Effector Market Key Players
Major competitors in the robot end-effector market are ABB Ltd., Destaco, Kuka AG, Piab AB, Robotiq, Zimmer Group, SCHUNK GmbH & Co. KG, Schmalz, Millibar Inc., Festo, Weiss Robotics GmbH & Co. KG.

The Business Research Company's "Global Robot End-Effector Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Robot End-Effector Market Include:
1. Executive Summary
2. Robot End-Effector Market Characteristics
3. Robot End-Effector Market Trends And Strategies
4. Robot End-Effector Market - Macro Economic Scenario
5. Robot End-Effector Market Size And Growth
………………
27. Robot End-Effector Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Robot End-Effector Market
29. Robot End-Effector Market Future Outlook and Potential Analysis
30. Appendix

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