Europe Robot End-Effector Market to Grow at a CAGR of 16.4% to reach US$ 2,533.11 million from 2021 to 2028

The Europe robot end-effector market is expected to grow from US$ 874.69 million in 2021 to US$ 2,533.11 million by 2028; it is estimated to grow at a CAGR of 16.4% from 2021 to 2028.

The rapid technological advancements across the region are likely to boost the growth of additive manufacturing technology. The immense advances in materials, machinery, and software have made additive manufacturing accessible to a broader range of businesses, which allows firms to use tools that were formerly limited to a few high-tech industries. Additive manufacturing allows the region to shift to the Industrial Revolution 4.0, which provides huge potential that could revolutionize the manufacturing and industrial production landscape. The growing spending in technology is also leading the market toward growth. MeitY is planning a strategy to promote additive manufacturing within all industrial applications, such as machines, software, materials, and design, which would boost the adoption of untapped potential business opportunities during the forecast period. The government agencies in various technologically advanced economies such the UK, France, and Germany are highly funding and accelerating advanced additive manufacturing and next-gen technologies to improve productivity competitiveness.

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.

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe robot end-effector market. The mounting demand for robot grippers across all the industries due to their affordability and increasing productivity is likely to fuel market growth in the near future. They are primarily utilized for material handling as they can grasp, hold, lift, and move materials. Grippers are witnessing substantial improvements in design, owing to which companies are able to attain increased productivity and efficiency. This would help the companies in increasing the overall business ROI. Grippers are highly utilized in Cobots for safety, ease of use, and flexibility. Moreover, they ensure that Cobots can flexibly adapt to tasks. The growing implementation of grippers for Cobots would propel the demand for robot end-effectors across the region in the coming years. For instance, as per a study by World Robotics, ~20% of all Cobots applications would work with vacuum gripping technology.

 

Europe Robot End-Effector Market Revenue and Forecast to 2028 (US$ Million)

 

Europe Robot End-Effector Market Segmentation

Europe Robot End-Effector Market – By Type

• Welding Guns
• Clamps
• Grippers
• Suction Cups
• Tool Changers
• Others

Europe Robot End-Effector Market – By Application

• Handling
• Assembly
• Welding
• Processing
• Dispensing
• Others

Europe Robot End-Effector Market – By Industry

• Automotive
• Metals and Machinery
• Electrical and Electronics
• Food and Beverages
• Others 

Europe Robot End-Effector Market – By Country

• Germany
• UK
• France
• Italy
• Russia
• Rest of Europ

Europe Robot End-Effector Market Report Scope

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