Press release
Robot End-Effector Market 2024 To 2033 Size, Share Analysis And Forecast
Robot End-Effector Market
The Business Research Company presents an extensive market research report on the Robot End-Effector Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The robot end-effector market size has grown rapidly in recent years. It will grow from $4.34 billion in 2023 to $5.1 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to global manufacturing growth, focus on precision and accuracy, automotive industry demands, increased labor costs, focus on lightweight and compact designs, focus on safety.
The robot end-effector market size is expected to see rapid growth in the next few years. It will grow to $9.97 billion in 2028 at a compound annual growth rate (CAGR) of 18.2%. The growth in the forecast period can be attributed to e-commerce and logistics growth, advances in material handling, rise of industry 4.0, increasing use of robotics in healthcare, increased focus on sustainability. Major trends in the forecast period include integration of sensing and vision systems, customization in manufacturing, rise of ai and machine learning, advancements in soft robotics, integration of magnetic and adhesive technologies.
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Key Market Players:
Major companies operating in the robot end-effector market report are ABB Ltd, DESTACO a Dover Company, KUKA Aktiengesellschaft, Piab AB, Robotiq Inc., Zimmer Group Holding GmbH, SCHUNK GmbH & Co. KG, Schmalz GmbH, Millibar Inc., Festo AG & Co. KG, Weiss Robotics GmbH & Co. KG, TÜNKERS Maschinenbau GmbH, Soft Robotics Inc., JH Robotics Inc., TSD Manufacturing Inc., Bastian Solutions Inc., ATI Industrial Automation, Applied Robotics Inc., EMI Corp., FIPA GmbH, Grabit Inc., Intelligente Peripherien für Roboter GmbH, Mecademic Inc., Motion Controls Robotics Inc., New Scale Robotics Inc., OnRobot A/S, PHD Inc., Robot System Products AB, Robot Tooling & Automation Australia Pty Ltd, Robotunits GmbH
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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https://www.thebusinessresearchcompany.com/report/robot-end-effector-global-market-report
The robot end-effector market covered in this report is segmented -
1) By Type: Grippers, Welding Guns, Clamps, Suction Cups, Tool Changers, Other Types
2) By Robot Type: Traditional Industrial Robots, Collaborative Robots
3) By Application: Handling, Welding, Assembly, Processing, Dispensing, Other Applications
4) By Industry: Automotive, Electrical and Electronics, Metals and Machinery, Food and Beverages, Other Industries
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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