Asia Pacific Robot End-Effector Market Growth and Analysis by 2028
Asia Pacific Robot End-Effector Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Welding Guns, Clamps, Grippers, Suction Cups, Tool Changers, and Others), Application (Handling, Assembly, Welding, Processing, Dispensing, and Others), and Industry (Automotive, Metals and Machinery, Electrical and Electronics, Food and Beverages, and Others)
- Status : Published
- Report Code : TIPRE00027814
- Category : Electronics and Semiconductor
- No. of Pages : 130
- Available Report Formats :
The Asia Pacific robot end-effector market is expected to grow from US$ 1,671.84 million in 2021 to US$ 5,055.60 million by 2028; it is estimated to grow at a CAGR of 17.1% 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 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. For instance, as per the Ministry of Electronics and Information Technology (MeitY), in 2017, additive manufacturing was valued at US$ 7 billion and is likely to be reach US$ 35.6 billion by 2023. 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 as the Australia, Japan, and South Korea are highly funding and accelerating advanced additive manufacturing and next-gen technologies to improve productivity competitiveness.
Asia Pacific is characterized by a large number of developing countries, a positive economic outlook, high industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets, including robot end-effector. The lockdown of various factories in China affects the Asia Pacific supply chains and negatively impacts manufacturing, delivery schedules, and various products and services. Even as the factories in China are beginning to reopen, several logistics businesses have reduced or hit pause on their operations; thus, some cargo terminals shut down due to low volume. In the healthcare sector, robots witnessed a slight growth during the pandemic. For instance, HCARD, a robotic device, helped frontline healthcare workers to maintain physical distance from those infected by COVID-19 in India.
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 Asia Pacific 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.
Asia Pacific Robot End-Effector Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Robot End-Effector Market Segmentation
Asia Pacific Robot End-Effector Market – By Type
- Welding Guns
- Clamps
- Grippers
- Suction Cups
- Tool Changers
- Others
Asia Pacific Robot End-Effector Market – By Application
- Handling
- Assembly
- Welding
- Processing
- Dispensing
- Others
Asia Pacific Robot End-Effector Market – By Industry
- Automotive
- Metals and Machinery
- Electrical and Electronics
- Food and Beverages
- Others
Asia Pacific Robot End-Effector Market – By Country
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Robot End-Effector Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Robot End-Effector–Market Dynamics
5.1 Market Drivers
5.1.1 Expansion of Industrial Robotics
5.1.2 Incrementing Adoption of Cobots
5.2 Market Restraints
5.2.1 Requirement of Huge Capital
5.3 Market Opportunities
5.3.1 Increasing Application of Additive Manufacturing
5.4 Future Trends
5.4.1 Rising Use of Grippers
5.5 Impact Analysis of Drivers and Restraints
6. Robot End-Effector Market – Asia Pacific Analysis
6.1 Robot End-Effector Market – Revenue and Forecast To 2028 (US$ Million)
7. Asia Pacific Robot End-Effector Market Analysis – By Type
7.1 Overview
7.2 Robot End-Effector Market Breakdown, By Type, 2020 and 2028
7.3 Welding Guns
7.3.1 Overview
7.3.2 Welding Guns Market Revenue and Forecasts to 2028 (US$ Mn)
7.4 Clamps
7.4.1 Overview
7.4.2 Clamps Market Revenue and Forecasts to 2028 (US$ Mn)
7.5 Grippers
7.5.1 Overview
7.5.2 Grippers Market Revenue and Forecasts to 2028 (US$ Mn)
7.6 Suction Cups
7.6.1 Overview
7.6.2 Suction Cups Market Revenue and Forecasts to 2028 (US$ Mn)
7.7 Tool Changers
7.7.1 Overview
7.7.2 Tool Changers Market Revenue and Forecasts to 2028 (US$ Mn)
7.8 Others
7.8.1 Overview
7.8.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
8. Asia Pacific Robot End-Effector Market Analysis – By Application
8.1 Overview
8.2 Robot End-Effector Market Breakdown, By Application, 2020 and 2028
8.3 Handling
8.3.1 Overview
8.3.2 Handling Market Revenue and Forecasts to 2028 (US$ Mn)
8.4 Assembly
8.4.1 Overview
8.4.2 Assembly Market Revenue and Forecasts to 2028 (US$ Mn)
8.5 Welding
8.5.1 Overview
8.5.2 Welding Market Revenue and Forecasts to 2028 (US$ Mn)
8.6 Processing
8.6.1 Overview
8.6.2 Processing Market Revenue and Forecasts to 2028 (US$ Mn)
8.7 Dispensing
8.7.1 Overview
8.7.2 Dispensing Market Revenue and Forecasts to 2028 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
9. Asia Pacific Robot End-Effector Market Analysis – By Industry
9.1 Overview
9.2 Robot End-Effector Market Breakdown, By Industry, 2020 and 2028
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive Market Revenue and Forecasts to 2028 (US$ Mn)
9.4 Metals and Machinery
9.4.1 Overview
9.4.2 Metals and Machinery Market Revenue and Forecasts to 2028 (US$ Mn)
9.5 Electrical and Electronics
9.5.1 Overview
9.5.2 Electrical and Electronics Market Revenue and Forecasts to 2028 (US$ Mn)
9.6 Food and Beverages
9.6.1 Overview
9.6.2 Food and Beverages Market Revenue and Forecasts to 2028 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecasts to 2028 (US$ Mn)
10. Asia Pacific Robot End-Effector Market – Country Analysis
10.1 APAC: Robot End-Effector Market
10.1.1 APAC: Robot End-Effector Market- by Key Country
10.1.1.1 Australia: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Robot End-Effector Market- by Type
10.1.1.1.2 Australia: Robot End-Effector Market- By Application
10.1.1.1.3 Australia: Robot End-Effector Market- By Industry
10.1.1.2 China: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Robot End-Effector Market- by Type
10.1.1.2.2 China: Robot End-Effector Market- By Application
10.1.1.2.3 China: Robot End-Effector Market- By Industry
10.1.1.3 India: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Robot End-Effector Market- by Type
10.1.1.3.2 India: Robot End-Effector Market- By Application
10.1.1.3.3 India: Robot End-Effector Market- By Industry
10.1.1.4 Japan: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Robot End-Effector Market- by Type
10.1.1.4.2 Japan: Robot End-Effector Market- By Application
10.1.1.4.3 Japan: Robot End-Effector Market- By Industry
10.1.1.5 South Korea: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Robot End-Effector Market- by Type
10.1.1.5.2 South Korea: Robot End-Effector Market- By Application
10.1.1.5.3 South Korea: Robot End-Effector Market- By Industry
10.1.1.6 Rest of APAC: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Robot End-Effector Market- by Type
10.1.1.6.2 Rest of APAC: Robot End-Effector Market- By Application
10.1.1.6.3 Rest of APAC: Robot End-Effector Market- By Industry
11. Impact of COVID-19 Pandemic on Robot End-Effector Market
11.1 Overview
11.2 Asia-Pacific
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 ABB Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Destaco (Dover Corporation)
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Festo SE & Co. KG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 J. Schmalz GmbH
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Kuka AG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Piab AB
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Robotiq Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Schunk GmbH & Co. KG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Zimmer Group
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Robot End-Effector Market – Revenue and Forecast To 2028 (US$ Million)
Table 2. Australia: Robot End-Effector Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Robot End-Effector Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Robot End-Effector Market- By Industry –Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Robot End-Effector Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Robot End-Effector Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Robot End-Effector Market- By Industry –Revenue and Forecast to 2028 (US$ Million)
Table 8. India: Robot End-Effector Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Robot End-Effector Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Robot End-Effector Market- By Industry –Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan: Robot End-Effector Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Robot End-Effector Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Robot End-Effector Market- By Industry –Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Robot End-Effector Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Robot End-Effector Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Robot End-Effector Market- By Industry –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: Robot End-Effector Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Robot End-Effector Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Robot End-Effector Market- By Industry –Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Robot End-Effector Market Segmentation
Figure 2. Robot End-Effector Market Segmentation – By Country
Figure 3. Asia Pacific Robot End-Effector Market Overview
Figure 4. Grippers Segment held the Largest Share of Robot End-Effector Market
Figure 5. Handling held the Largest Share of Robot End-Effector Market
Figure 6. Automotive held the Largest Share of Robot End-Effector Market
Figure 7. China Dominated the Robot End-Effector Market
Figure 8. Asia Pacific – PEST Analysis
Figure 9. Robot End-Effector Market Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Robot End-Effector Market Impact Analysis of Drivers and Restraints
Figure 12. Robot End-Effector Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Robot End-Effector Market Breakdown by Type, 2020 and 2028 (%)
Figure 14. Asia Pacific Welding Guns Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. Asia Pacific Clamps Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 16. Asia Pacific Grippers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Asia Pacific Suction Cups Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. Asia Pacific Tool Changers Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. Asia Pacific Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 20. Robot End-Effector Market Breakdown by Application, 2020 and 2028 (%)
Figure 21. Asia Pacific Handling Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Asia Pacific Assembly Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Asia Pacific Welding Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 24. Asia Pacific Processing Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 25. Asia Pacific Dispensing Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 26. Asia Pacific Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 27. Robot End-Effector Market Breakdown by Industry, 2020 and 2028 (%)
Figure 28. Asia Pacific Automotive Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 29. Asia Pacific Metals and Machinery Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 30. Asia Pacific Electrical and Electronics Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 31. Asia Pacific Food and Beverages Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 32. Asia Pacific Others Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 33. Asia Pacific: Robot End-Effector Market, by Key Country – Revenue (2020) (US$ Million)
Figure 34. APAC: Robot End-Effector Market Revenue Share, By Key Country (2020 and 2028)
Figure 35. Australia: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. China: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. India: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Japan: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. South Korea: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of APAC: Robot End-Effector Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
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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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