According to the latest report by IMARC Group, titled “Robot End Effector Market: Global Industry Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global robot end effector market size reached US$ 2.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2027, exhibiting a growth rate (CAGR) of 15.14% during 2022-2027.
The robot end effector, alternatively known as end-of-arm tooling (EOAT), refers to an additional tool, accessory, or device that is attached to a robotic joint or wrist. They can be categorized into welding guns, grippers, suction cups, clamps, tool changers, etc. These robot end effector variants interact with the surroundings and are programmed to perform specific tasks. They are mostly employed for assembling, handling, welding, painting, dispensing, and cutting applications. As a result, robot end effector equipment find extensive utilization across numerous industries, including automotive, semiconductor, electronics, food and beverage (F&B), metals and machinery, chemical, healthcare, etc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The growing industrialization and the elevating adoption of robots for multiple industrial operations are primarily driving the robot end effector market. In addition to this, the introduction of industry 4.0 and the increasing integration of robots with advanced technological solutions, such as cyber-physical systems, cloud computing, big data, Internet of Things (IoT), etc., to optimize the efficiency of the industrial processes is also positively influencing the market growth. Furthermore, the rising use of collaborative robots to improve the efficiency of human-robot work environment, ensure safe movements of fragile or sensitive products, and enhance productivity are acting as significant growth-inducing factors. In addition to this, the launch of pneumatic gripping solutions for high-force applications and the development of advanced sensor technology are further catalyzing the market growth. Apart from this, the shifting preferences toward modular and electric grippers and the expanding deployment of refurbished robots are anticipated to stimulate the robot end effector market in the coming years.
Breakup by Product:
- Welding Guns
- Grippers
- Suction Cups
- Clamps
- Tool Changers
- Others
Breakup by Application:
- Handling
- Assembling
- Welding
- Dispensing
- Painting
- Others
Breakup by End Use Industry:
- Automotive
- Food and Beverage
- Semiconductor and Electronics
- Healthcare
- Chemicals, Rubber and Plastics
- Metals and Machinery
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- ABB Ltd
- Applied Robotics Inc
- ATI Industrial Automation Inc
- Bastian Solutions LLC (Toyota Industries Corporation)
- Festo Beteiligungen GmbH & Co. KG
- FIPA Inc
- KUKA Aktiengesellschaft (Midea Group Co. Ltd.)
- Schmalz-International GmbH
- SMC Corporation
- Soft Robotics Inc
- Weiss Robotics GmbH & Co KG
- Zimmer Group GmbH
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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