Global Robot End-Effector Market is valued at USD 3.57 Billion in 2022 and expected to reach USD 11.43 Billion by 2029 with a CAGR of 18.1% over the forecast period.
Global Robot End-Effector Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2023-2029- Increasing demand for collaborative robots and growing demand for modular and electric grippers are anticipated to drive the growth of Global Robot End-Effector Market.
The end effector, also known as end-of-arm tooling, is a component of a robot (EOAT). An end effector is a device or tool attached to the end of a robot arm, where the hand would be, in robotics. The component of the robot that interacts with the environment is known as the end effector. The type of the programming and hardware that drives an end effector is determined by the task that the robot will execute. In manufacturing, a robot arm can handle only specific operations without adjustments to its end effector's associated hardware and programming. A gripper, a sort of robot hand, is the most functional end effector if a robot wants to pick something up. In 1954, George Devol designed the Unimate, which was the first digitally controlled and programmable robot. The roots of the present robotics industry were laid as a result of this. The welding torch, for example, is utilised at the end of the robot arm to weld a specific component. Furthermore, as the use of robots for pick-and-place activities in the logistics sector, palletizing, casting, arc welding, material handling, and other applications grows, so does the need for end-effectors.
The building, industrial, lodging, and tourist industries were severely impacted by the Covid-19 pandemic. Manufacturing operations have been interrupted or limited. On a worldwide scale, construction and transportation activities, as well as their supply networks, were disrupted. This resulted in a decrease in robot end effector manufacturing as well as demand in the industry, limiting the robot end effector market's development. Industries, on the other hand, are progressively restarting normal manufacturing and service operations. This is predicted to result in robot end effector firms resuming operations at full capacity, allowing the robot end effector market to recover in the coming few years.
Global robot end-effector market report is segmented on the basis of industry, type, robot type, application and region & country level. Based upon industry, global robot end-effector market is classified into automotive, electrical & electronics, metal & machinery, precision engineering & optics, plastic, rubber, & chemical, e-commerce, food & beverage and pharmaceutical & cosmetics. Based upon type, the market is divided into grippers, welding guns, suction cups, tool changers and clamps. Based upon application, global robot end-effector market is divided into handling, welding, assembly, processing and dispensing. Based upon robot type, global robot end-effector market is divided into traditional industrial robots and collaborative industrial robots.
The regions covered in global Robot End-Effector market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global Robot End-Effector is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some of the key players for global Robot End-Effector market are -
The major factor driving the growth of global robot end-effector market is the increasing demand for collaborative robots and growing demand for modular and electric grippers and etc. Industries are always on the lookout for innovative ways to reduce manufacturing costs while enhancing product quality and increasing efficiency. One approach to achieve these aims is through the use of collaborative robots, or cobots. Cobots are a fast-growing component of the greater robotics market, driven by the trend of industrial automation. Cobot installations increased by 63 percent between 2017 and 2019, from roughly 11,000 in 2017 to 18,000 in 2019. The electronics and automobile sectors bought the majority of the cobots sold in 2019. In 2020, exports of industrial robots worldwide totaled 384,000, a small rise over 2019. Industrial robot shipments are expected to rise dramatically in the next years, maybe even exceeding the high of 422,000 industrial robots supplied globally in 2018. Global industrial robot exports are estimated to total over 518,000 in 2024.
In addition, the growth of e-commerce has led to an increase in the use of robots for order fulfillment and logistics. End-effectors such as grippers and suction cups are commonly used in these applications to pick and place items. For example; according to The International Trade Administration, U.S. Department of Commerce; retail B2C eCommerce sale had an 18% share of the total global retail sales for 2020, and is forecast to have over a 1% annual growth rate, achieving a nearly 22% share of total global retail sales by 2024.
However, the expense of installing them in industrial companies is significant, resulting in additional costs. Furthermore, they are particularly susceptible to damage when operating in heavy sectors, and their replacement or repair may be costly, limiting the market's worldwide expansion. In spite of that, the growing need for utilized industrial robots in emergent industries such as packaging, plastics, and others would open up new potential opportunities for the robot end effector market.
On the basis of region, the global robot end-effector market is segmented into North America, Europe, Asia-Pacific Latin America and Middle East & Africa. North America is expected to dominate the global robot end-effector market within the forecast period due to the increasing demand for modular and electric grippers in this region. The number of industrial robots installed in American markets is expected to drop from roughly 55,000 in 2018 to around 39,000 in 2020. China now outpaces all other countries in terms of new robot installations, with around 168,000 shipments expected in 2020 alone. The International Federation of Robotics (IFR) has released its new World Robotics 2021 Industrial Robots report, which reveals a record of around 310,700 industrial robots working in US facilities, an increase of 6%. In 2020, new robot sales are expected to slow by 8%.
For the projected period, APAC is predicted to adopt robot end effectors at a quicker rate, owing to government attempts to attract foreign direct investments (FDIs), and to have the biggest market share for robot end effectors in terms of both value and volume. Furthermore, Japan is the world's second-largest producer of industrial robots, with 55.2 thousand installations every year, after China's 154 thousand. In addition, China is the world's leading manufacturer of industrial robots, meeting 52 %of worldwide demand.
ATI Launched End Effector Kits for Fanuc Collaborative Robots
On January 22nd, 2021; ATI Industrial Automation developed CRX-Ready End-Effector Kits, providing Fanuc CRX cobot users a simple and effective way to increase the flexibility of collaborative robotic automation. These all-in-one packages include robust options for automatic tool changing, force sensing, and material removal, and enable tasks such as assembly, machine tending, part inspection, surface preparation and others to be implemented and executed easily.
|2016 - 2021
|2022 - 2029
|Market Size in 2022:
|USD 3.57 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2029:
|USD 11.43 Billion
|Tables, Charts & Figures:
Schmalz, Destaco, and Festo, Schunk, Tünkers, Robotiq, FIPA, ATI, Bastian Solutions, IPR, Piab AB, Wiess Robotics, Zimmer Group, ABB, KUKA, SMC, Applied Robotics, IAI, JH Robotics, EMI, Millibar Robotics, RAD, Soft Robotics, OnRobot, Wyzo, others
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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