Trends: Robot End-Effector Market is Booming Worldwide with Top Emerging Key Players : ABB, ATI Industrial Automation, DESTACO, Festo and Kuka

According to our latest market study on “Robot End-Effector Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by type, application, and industry,” the market was valued at US$ 3,125.59 million in 2020 and it is projected to reach US$ 9,664.68 million by 2028; it is expected to grow at a CAGR of 15.6% from 2021 to 2028.

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 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. 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.

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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.

Competitive scenario:

The study assesses factors such as segmentation, description, and applications of Robot End-Effector industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

The final report will add the analysis of the Impact of Covid-19 in this report Robot End-Effector Market.

Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Robot End-Effector Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Robot End-Effector Market is analyzed and depicted in the report.

Impact of COVID-19 Pandemic on Robot End-Effector Market

According to the latest situation report from World Health Organization (WHO), the US, India, Brazil, Russia, UK, France, Spain, and Italy are some of the worst affected countries due to the COVID-19 outbreak. The outbreak first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of 18th March 2021, 121,209,510 confirmed COVID-19 cases registered globally, with 2,680,469 total deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis affects the industries worldwide, and the global economy adversely affected in 2020 and likely in 2021. The pandemic has disturbed robot end-effector businesses and suppliers around the globe. Market players experienced disruptions to their operations, and it’s likely to have consequences till mid-2021. The factory shutdowns, travel bans, trade bans, and border lockdowns have adversely affected the robot end-effector industry.

Some of the companies competing in the Robot End-Effector Market are 

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 

Segmentation

The Robot End-Effector Market has been segmented on the basis of different aspects. The market is also segmented according to region. The Robot End-Effector Market has been segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa on the basis of region

Research Methodology

The report has its roots definitely set in thorough strategies provided by proficient data analysts. The research methodology involves the collection of information by analysts only to have them studied and filtered thoroughly in an attempt to provide significant predictions about the market over the review period. The research process further includes interviews with leading market influencers, which makes the primary research relevant and practical. The secondary method gives a direct peek into the demand and supply connection. The market methodologies adopted in the report offer precise data analysis and provides a tour of the entire market. Both primary and secondary approaches to data collection have been used. In addition to these, publicly available sources such as SEC filings, annual reports, and white papers have been used by data analysts for an insightful understanding of the market. The research methodology clearly reflects an intent to extract a comprehensive view of the market by having it analyzed against many parameters. The valued inputs enhance the report and offer an edge over the peers.

Drivers & Constraints

The Robot End-Effector Market rests united with the incidence of leading players who keep funding to the market’s growth significantly every year. The report studies the value, volume trends, and the pricing structure of the market so that it could predict maximum growth in the future. Besides, various suppressed growth factors, restraints, and opportunities are also estimated for the advanced study and suggestions of the market over the assessment period.

Robot End-Effector Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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