Global Robot End Effector Market Report 2024: Growth Rate, Major Segments And Regions

The Robot End Effector Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Robot End Effector Global Market Report 2024, 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..

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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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

Product Innovations are a key trend gaining popularity in the robotics end-effector market. Major companies operating in the robotics end-effector market are focused on developing new product solutions to strengthen their position in the market. For instance, in January 2021, Piab, a US-based company operating in robot end effectors introduced a soft gripper – or end effector – for industrial robots. piSoftGrip range is developed for the automation of the food and chocolate industry and extends the pi-SoftGrip family with a new pinch gripper. The vacuum-based soft gripper would grip sensitive and lightweight oblong objects with odd geometries and/or objects with an unusual surface. This developed product consists of two gripping fingers and a sealed vacuum cavity, made in one piece, resulting in a simple and robust product. The unique features are that it is not sensitive to dust and the gripping force is easily adjusted and controlled by the applied vacuum level.

The robot end effector market report table of contents includes:
1. Executive Summary

2. Robot End-Effector Market Characteristics
3. Robot End-Effector Market Trends And Strategies
4. Robot End-Effector Market – Macro Economic Scenario
5. Global Robot End-Effector Market Size and Growth
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6. Global Robot End-Effector Market Competitive Benchmarking
7. Global Robot End-Effector Market Competitive Dashboard
8. Key Mergers And Acquisitions In The Robot End-Effector Market
9. Robot End-Effector Market Future Outlook and Potential Analysis
10. Appendix

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