Robot End Effector Market (Type - Grippers, Processing Tools, Suction Cups, and Other Types; Application - Material Handling, Assembly, Welding, Painting, and Other Applications; End User Industry - Automotive, Food & Beverage, E-commerce, Pharmaceutical, and Other End User Industries): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

A recent report published by Infinium Global Research on robot end effector market provides in-depth analysis of segments and sub-segments in the global as well as regional robot end effector market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional robot end effector market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global robot end effector market. According to the report, the global robot end effector market is projected to grow at a CAGR of 13.32% over the forecast period of 2021-2027.

Market Insight

Robot End Effectors market was valued at USD 3.2 billion in 2020 and expected to reach USD 7.7 billion in 2027, with a CAGR of 13.32% during the forecast period. The robot end effectors are the part of the robot that interacts with the environment. The structure and the nature of the programming and hardware depending on the task the robot will be performing. A robot arm can accommodate only certain tasks in manufacturing without changes to its end effectors’ ancillary hardware and programming. The majority of robot end effectors are mechanical or electromechanical and serve as grippers, process tools, or sensors. They range from simple two-fingered grippers for pick-and-place tasks to complex sensor systems for robotic inspection.

Increasing demand for industrial automation is primarily driving the market growth for the robot end effectors market. The use of automation systems at every phase is the latest trend in manufacturing systems. It is highly used in material handling, machining, assembling, inspection, and packaging. Manufacturing automation becomes very flexible and efficient with computer-aided control and industrial robotic systems. Increasing investments in the robotics sector are fueling the robot end effectors' market growth. The most significant and important investment opportunities available to investors are in robotics and automation. Respondents from the automotive industry indicate the highest expected investment in robotics and automation. The investment increase across industries is primarily driven by the goal to reduce production costs. However, high costs limiting the adoption of robot end effectors across SMEs. Moreover, an increase in the adoption of soft grippers is expected to provide opportunities to the robot end effectors market players. The COVID-19 epidemic has mixed impacted the growth of the robot end effectors market. Several countries across the world went on lockdown during the pandemic to contain the spread of the virus. In the wake of the pandemic, a majority of the population was quarantined at home. Moreover, a number of governments have ordered that certain businesses stop working during the pandemic as a controlling measure. Due to social distancing restrictions, the use of robots has increased in the end-use industries. This, in turn, further augmented the growth of the robot end effectors market during the COVID-19 outbreak.

In terms of region, North America accounted for the largest share of the robot end effectors market in the world. The early adoption of advanced technologies among the end-use industries is one of the major drivers for the growth of the robot end effectors market in North America. Moreover, the presence of the key market players in the region supports the domination of North America in the global robot end effectors market. Furthermore, growing investment by government and private organizations in the research and development of robotics is anticipated to boost the market growth in North America. On the other hand, Asia Pacific is expected to grow at the fastest rate over the forecast period. The increasing technological awareness in the Asia Pacific, particularly regarding automation and robotics is likely to expand the robot end effectors market in the region. Additionally, rapidly growing end-use industries in the Asia Pacific are likely to expand the market in the region.

Segment Covered

The report on global robot end effector market covers segments such as type, application, and end user industry. On the basis of type, the sub-markets include grippers, processing tools, suction cups, and other types. On the basis of application, the sub-markets include material handling, assembly, welding, painting, and other applications. On the basis of end user industry, the sub-markets include automotive, food & beverage, e-commerce, pharmaceutical, and other end user industries.

Companies Profiled:

The report provides profiles of the companies in the market such as ABB Limited, Zimmer Group, JH Robotics Inc., Weiss Robotics, Applied Robotics, Destaco, Festo, KUKA, Soft Robotics, ATI Industrial Automation, and Schunk.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of robot end effector market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.