The robot end-effector market size is projected to reach US$ 15.4 billion by 2031 from US$ 4.8 billion in 2023. The market is expected to register a CAGR of 15.6% during 2023–2031. Technological advancements in robotics are likely to remain a key trend in the market.
The market for robot end-effector is growing at a significant CAGR. With the help of these robot arms and end-effectors, automation of different business processes can be achieved within a fraction of the time as compared to traditional industrial robots. This flexibility or versatility makes end-effectors suit almost every type of complex task, thus maximizing the ROI. Positive growth of the market is also influenced by the rising applications of automated packaging and palletizing in the manufacturing industry, together with rapid modernization and industrialization across all regions. Moreover, an increasing trend of adoption of collaborative robots, also known as Cobots, and the attraction of foreign direct investments by developing countries further support the growth of the market. All these factors together support the growth of the robot end-effector market.
The robot end-effector market is that part of the industry comprising all devices attached to an arm of any robot, enabling it to interact with work components or parts to achieve a certain predefined task. These end-effectors are otherwise referred to as end-of-arm tooling and may include grippers, processing tools, suction cups, and other peripheral devices. The market is driven by the increasing adoption of robots in various tasks—a task handled by specially designed end-effectors that are capable of handling complex operations with a high accuracy and precision level.
The considerable growth in demand for industrial robots, particularly within warehouses and semiconductor plants, provides a huge impetus to the market for robot end-effectors. This is, in turn, driven by huge investments being made in industrial robots, whereby sales volumes of industrial robots have increased substantially, giving a corresponding boost to the demand for robotic end-effectors. Furthermore, the increasing integration of automation solutions within SMEs shall be instrumental in holding a favorable environment for the high adoption rate of end-effectors, further catalyzing market growth and adoption across a wide spectrum of industrial sectors.
The burgeoning growth of robotic end-effectors, particularly the grippers, is making way for immense opportunities in market growth. One of the important drivers for market growth is the use of pneumatic grippers, particularly in industries such as cosmetics, pharmaceuticals, and electronics. Besides, the growing adoption of modular end-effectors and increasing adoption of cobots are further adding to the growth of the market, thus offering lucrative opportunities and a future with innovation in the industry.
Key segments that contributed to the derivation of the robot end-effector market analysis are type, application, and industry.
The geographic scope of the robot end-effector market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The Asia-Pacific region, particularly countries such as South Korea, China, and Japan, is experiencing rapid growth in the implementation of end-effectors, driven by the deployment of a large number of robots and strong developments in the electronics and electrical industry. Japan, a leading supplier in the industrial robotics market, contributes to a substantial portion of industrial robot deliveries and is a major adopter of robots, with a high robot density compared to the global average. Additionally, Europe, amidst its transition into Industry 4.0, is witnessing a surge in the adoption of robotic end-effectors and cobots, supported by government encouragement and initiatives.
The regional trends and factors influencing the Robot End-Effector Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Robot End-Effector Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 4.8 Billion |
| Market Size by 2031 | US$ 15.4 Billion |
| Global CAGR (2023 - 2031) | 15.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Robot End-Effector Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Robot End-Effector Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The robot end-effector market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the robot end-effector market are listed below:
(Source: SMAC Corporation, Company Website, December 2023)
The “Robot End-Effector Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The market is projected to record a CAGR of 15.6% during 2023–2031.
The market is expected to reach a value of US$ 15.4 billion by 2031.
ABB Ltd, ATI Industrial Automation, Inc., DESTACO (Dover Corporation), Festo SE & Co. KG, Schmalz GmbH, Kuka AG, Piab AB, Robotiq Inc., SCHUNK GmbH & Co. KG, and Zimmer Group are key players in the market.
Technological advancements in robotics are a key trend in the market.
Rising industrial robot demand and automation penetration devices are driving the market.