Press release
Robot End-Effector Market to Grow at a CAGR of 15.6% to reach US$ 9,664.68 million by 2028
Robot End-Effector Market
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.
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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. 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.
Robot End-Effector Market Company Profiles:
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
Geographically, Asia Pacific held the largest share of the robot end-effector market in 2020, followed by Europe and North America. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The robot end-effector market is segmented into type, application, industry, and geography. Based on type, the market is further categorized into grippers, welding guns, clamps, suction cups, tool changers, and others. The grippers segment held the largest share of the overall market in 2020. Based on application, the market is segmented into handling, assembly, welding, processing, dispensing, and others. In 2020, the handling segment accounted for a substantial share of the global robot end-effector market. Based on industry, the market is further categorized into automotive, electrical and electronics, metals and machinery, food and beverages, and others. The automotive segment represented the largest share of the overall market in 2020.
The global robot end-effector market has been segmented as follows:
Robot End-Effector Market- by Type
Grippers
Welding Guns
Clamps
Suction Cups
Tool Changers
Others
Robot End-Effector Market- by Application
Handling
Assembly
Welding
Processing
Dispensing
Others
Robot End-Effector Market- by Industry:
Automotive
Electrical and Electronics
Metals and Machinery
Food and Beverages
Others
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Players operating in the robot end-effector market are mainly focusing on the development of advanced and efficient products.
In 2021, DESTACO (Dover Corporation) introduced TC1 quick-install manual tool changer designed for a collaborative robot (cobot) pick & place and load & unload applications. The TC1 provides seamless integration for fast tool change operation, thereby expanding cobot flexibility and increasing return on cobot investment.
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