Robot End-Effector Market Growth Report and Size by 2031
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.
Robot End-Effector Market Analysis
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.
Robot End-Effector Market Overview
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.
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Robot End-Effector Market: Strategic Insights
Robot End-Effector Market
-
CAGR (2023 - 2031)
15.6%
-
Market Size 2023
US$ 4.8 Billion
-
Market Size 2031
US$ 15.4 Billion
Market Dynamics
GROWTH DRIVERS
- Rising Industrial Robot Demand and Automation Penetration
FUTURE TRENDS
- Technological Advancements in Robotics
OPPORTUNITIES
- Expansion of End Effector Technologies
Key Players
- 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
- Zimmer Group
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Welding Guns
- Clamps
- Grippers
- Suction Cups
- Tool Changers
Application
- Handling
- Assembly
- Welding
- Processing
- Dispensing
Industry
- Automotive
- Metals and Machinery
- Electrical and Electronics
- Food and Beverages
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Robot End-Effector Market: Strategic Insights
-
CAGR (2023 - 2031)15.6% -
Market Size 2023
US$ 4.8 Billion -
Market Size 2031
US$ 15.4 Billion
Market Dynamics
- Rising Industrial Robot Demand and Automation Penetration
- Technological Advancements in Robotics
- Expansion of End Effector Technologies
Key Players
- 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
- Zimmer Group
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Welding Guns
- Clamps
- Grippers
- Suction Cups
- Tool Changers
- Handling
- Assembly
- Welding
- Processing
- Dispensing
- Automotive
- Metals and Machinery
- Electrical and Electronics
- Food and Beverages
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Robot End-Effector Market Drivers and Opportunities
Rising Industrial Robot Demand and Automation Penetration
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.
Expansion of End Effector Technologies
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.
Robot End-Effector Market Report Segmentation Analysis
Key segments that contributed to the derivation of the robot end-effector market analysis are type, application, and industry.
- Based on type, the market is segmented into welding guns, clamps, grippers, suction cups, tool changers, and others. The welding guns segment held a significant market share in 2023.
- In terms of application, the market is segmented into handling, assembly, welding, processing, dispensing, and others. The handling segment held a significant market share in 2023.
- Based on industry, the market is segmented into automotive, metals and machinery, electrical and electronics, food and beverages, and others. The automotive segment held a significant market share in 2023.
Robot End-Effector Market Share Analysis by Geography
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.
Robot End-Effector Market Report Scope
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 |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Robot End-Effector Market News and Recent Developments
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:
- SMAC Moving Coil Actuators introduced its new LPL Series 125 low-profile electric linear actuator designed specifically for use on robot end effectors. The LPL Series actuators utilize SMAC's moving coil linear servo motors for industry-leading precision control often needed for end effector applications, such as parts finishing, pick-and-place tasks and assembly operations.
(Source: SMAC Corporation, Company Website, December 2023)
Robot End-Effector Market Report Coverage and Deliverables
The “Robot End-Effector Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Robot end-effector market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Robot end-effector market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Robot end-effector market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the robot end-effector market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type , Application , Industry , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.