Robot End-Effector Market is expected to reach US$ 9,664.68 million by 2028

Increasing Use of Additive Manufacturing to Provide Growth Opportunities for Robot End-Effector Market

According to our latest market study on “Robot End-Effector Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by type, application and industry,” the market was valued at US$ 3,125.59 million in 2020 and it is projected to reach US$ 9,664.68 million by 2028; it is expected to grow at a CAGR of 15.6% from 2021 to 2028.

At present, in the high-tech industry, the demand for innovative products is surging tremendously. The trend of reliable and effective devices, which can perform tasks faster and have lower production costs, is increasing in various verticals across the world. End-effector technology, which is considered as the business end of robots, is gaining immense popularity across the world. End-effector is attached to a wrist of a robot, which enables the robot to interact with its task. End-effectors can be electromechanical or mechanical and serve as sensors, grippers, and process tools. It is an essential part of a robot since, without it, most robots are practically useless. It uses various communication protocols and different programming interfaces and needs different levels of skills to operate effectively. The robot end-effector is used in various industries, including automotive, metal and machinery, electrical & electronics, food & beverages, and e-commerce. With the development of Industry 4.0, industrial operations are rising, leading to the popularity of robots for taking up complex tasks. Growing innovations in robotics are commencing an exponential growth of the robot end-effector market.

Geographically, Asia Pacific held the largest share of the robot end-effector market in 2020, followed by Europe and North America. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The robot end-effector market is segmented into type, application, industry, and geography. Based on type, the market is further categorized into grippers, welding guns, clamps, suction cups, tool changers, and others. The grippers segment held the largest share of the overall market in 2020. Based on application, the market is segmented into handling, assembly, welding, processing, dispensing, and others. In 2020, the handling segment accounted for a substantial share of the global robot end-effector market. Based on industry, the market is further categorized into automotive, electrical and electronics, metals and machinery, food and beverages, and others. The automotive segment represented the largest share of the overall market in 2020.

Impact of COVID-19 Pandemic on Robot End-Effector Market

According to the latest situation report from World Health Organization (WHO), the US, India, Brazil, Russia, UK, France, Spain, and Italy are some of the worst affected countries due to the COVID-19 outbreak. The outbreak first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of 18^th March 2021, 121,209,510 confirmed COVID-19 cases registered globally, with 2,680,469 total deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis affects the industries worldwide, and the global economy adversely affected in 2020 and likely in 2021. The pandemic has disturbed robot end-effector businesses and suppliers around the globe. Market players experienced disruptions to their operations, and it’s likely to have consequences till mid-2021. The factory shutdowns, travel bans, trade bans, and border lockdowns have adversely affected the robot end-effector industry.

ABB Ltd.; ATI Industrial Automation, Inc.; DESTACO (Dover Corporation); Festo SE & Co. KG; J. Schmalz GmbH; Kuka AG; Piab AB; Robotiq Inc.; SCHUNK GmbH & Co. KG; and Zimmer Group are among the few major companies operating in the robot end-effector market.

Robot End-Effector Market — by Geography (% Share)

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Robot End-Effector Market to Grow at a CAGR of 15.6% to reach US$ 9,664.68 million from 2020 to 2028

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Robot End-Effector Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Welding Guns, Clamps, Grippers, Suction Cups, Tool Changers, and Others), Application (Handling, Assembly, Welding, Processing, Dispensing, and Others), Industry (Automotive, Metals and Machinery, Electrical and Electronics, Food and Beverages, and Others), and Geography

The report segments the global robot end-effector market as follows:

By Type

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

By Application

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

By Industry

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

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of SAM