Europe Robot End-Effector Market is expected to reach US$ 2,533.11 million by 2028

The Handling Segment to Dominate Europe Robot End-Effector Market during 2021-2028

According to The Insight Partners market research study on “Europe Robot End-Effector Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Application, Industry and Country,” is expected to reach US$ 2,533.11 million by 2028 from US$ 874.69 million in 2021. The market is estimated to grow at a CAGR of 16.4% from 2021 to 2028. The report provides trends prevailing in the Europe robot end-effector market along with the drivers and restraints pertaining to the market growth. Development of industrial robotics, and rising adoption of cobots are major factors driving the growth of the Europe robot end-effector market. However, requirement of huge capital for initial deployment of robot end-effectors may hinder the growth of Europe robot end-effector market.

Due to the COVID-19 outbreak, Russia, UK, France, Italy, Spain, and Germany are some of the worst affected member states in the European region. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2020 and, most likely, in 2021. In Germany, the automotive and electronics industries are affected due to this pandemic. Additionally, major automotive plants were temporarily closed, leads to a decrease in shipments, where robot end-effectors plays an important role. All these factors are expected to have a direct impact on robot end-effector market growth in European countries. Russia, Italy, Germany, UK, and France robot end-effector markets are anticipated to decrease until mid-2021.

The market for Europe robot end-effector is segmented into type, application, industry and country. Based on type, the market is segmented into welding guns, clamps, grippers, suction cups, tool changers, and others. In 2020, the grippers segment held the largest share in Europe robot end-effector market. Based on application, the Europe robot end-effector market is divided into handling, assembly, welding, processing, dispensing, and others. The welding segment is expected to be the fastest growing segment over the forecast period. Based on industry, the market is segmented into automotive, metals and machinery, electrical and electronics, food and beverages, and others. In 2020, the automotive segment held the largest share in Europe robot end-effector market. Based on country, the Europe robot end-effector market is segmented into Germany, UK, France, Italy, Russia and rest of Europe. In 2020, Germany held the largest share in Europe robot end-effector market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe robot end-effector market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for robot end-effector.

ABB Ltd.; Destaco (Dover Corporation); Festo SE & Co. KG; J. Schmalz GmbH; Kuka AG; Piab AB; Robotiq Inc.; Schunk GmbH & Co. KG and Zimmer Group are some of the leading companies in the Europe robot end-effector market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

Europe Robot End-Effector Market, By Country, 2020 and 2028 (%)

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