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
Market Size Value in US$ 3,125.59 Million in 2020 Market Size Value by US$ 9,664.68 Million by 2028 Growth rate CAGR of 15.6% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Robot End-Effector Market: Strategic Insights
| Market Size Value in | US$ 3,125.59 Million in 2020 |
| Market Size Value by | US$ 9,664.68 Million by 2028 |
| Growth rate | CAGR of 15.6% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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