By identifying and analysing the market segments and projecting the size of the global market, the study also aids in understanding the dynamics and structure of the robot end-effector market.
Robot End-Effector Market Segmentations:
The welding gun or welding torch is the most often used robot end-effector globally, according to the type segment. The usage of welding guns, particularly in the automotive industry, and the electrical and electronics industries, which were closely behind, have allowed welding guns to maintain their top position in terms of the total volume commissioned internationally. Welding guns will remain widely used as long as there is a healthy demand for autos. So, the primary driver of the growth of the global robot end-effector market for welding guns is the rising rate of adoption of welding guns in the automotive industry.
According to application segment, lifting large objects, carrying out unnecessary and risky manufacturing floor chores, and enhancing the speed and accuracy of handling different objects or equipment. Due to their ability to handle a variety of objects with little modification to their configuration, pressure cups or vacuum grippers are used the most frequently in this application. The main factor driving the expansion of the global robot end-effector market for handling applications is the growing use of these end-effectors for handling operations like pelletizing, packing, picking, and unloading in the electrical and electronics industries.
The Robot End-Effector Market, segmented by type and application.
Electrical and Electronics
Metals and Machinery
Plastics, Rubber, and Chemicals
Food & Beverages
Precision Engineering and Optics
Pharmaceuticals and Cosmetics
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Robot End-Effector Market Key Highlights:
- Market valued at US$ 2.71 billion in 2022
- Expected to reach US$ 8.53 billion by 2029
- Impressive CAGR of 17.79% during the forecast period
Robot End-Effector Market Values:
The Robot End-Effector Market, a thriving sector in robotics, has been valued at US$ 2.71 billion in the year 2022. It is anticipated to witness substantial growth, reaching a staggering US$ 8.53 billion by the end of 2029, boasting an impressive Compound Annual Growth Rate (CAGR) of 17.79% throughout the forecast period.
This comprehensive report explores the impact of the COVID-19 pandemic on market leaders, followers, and disruptors. With varying lockdown measures across regions and countries, the report offers region-specific and segment-specific insights into the pandemic's effects. Decision-makers can utilize these insights to formulate short-term and long-term strategies tailored to specific regions.
Our research methodology includes referencing trusted sources such as Bloomberg, Hoovers, and Factiva, alongside expert input from leading manufacturing companies and stakeholders. To ensure the accuracy of market trend evaluations during the forecast period, we have employed both top-down and bottom-up approaches, as well as data triangulation techniques.
The rapid growth of the global robot end-effector market can be attributed to the increasing demand for modular end-effectors. Additionally, the rising adoption of collaborative robots (cobots) due to their advantageous features and benefits is fueling market expansion.
While the market exhibits promising growth, it faces constraints related to regional laws, regulations, and pandemic-induced disruptions.
Robot End-Effector Market Key Players are:
4. ATI Industrial Automation
5. Piab AB
9. Zimmer Group
- The Asia-Pacific (APAC) region, particularly the electrical and electronics industry, drives the demand for robot end-effectors. This demand is attributed to the global surge in electronic product consumption. High-speed, high-precision handling of small and sensitive components such as computer chips, batteries, and displays is vital. The APAC region also offers growth opportunities in the food and packaging industry, as well as the warehousing sector, driven by large e-retailers.
- The welding gun or welding torch is the most widely used robot end-effector globally, primarily due to its extensive use in the automotive sector. It retains a dominant position in terms of overall volume commissioned worldwide.
- Pressure cups or vacuum grippers have a significant share in applications involving lifting heavy objects, performing redundant and unsafe tasks on factory floors, and enhancing the speed and precision of handling various objects or instruments.
This report offers a comprehensive assessment of the Robot End-Effector Market, providing qualitative insights, historical data, and verifiable projections. Our research utilizes data from reputable organizations, ensuring reliable market size estimates. It serves as a valuable source of analysis and information across all facets of the market.
The report aims to present a holistic assessment of the market, delivering thoughtful insights, historical data, industry-validated market data, and projections. It also delves into market dynamics, structure, and competitive analysis, aiding stakeholders in prioritizing efforts and investments in emerging segments within the Robot End-Effector Market.
Table of Content: Robot End-Effector Market
Part 01: Executive Summary
Part 02: Scope of the Robot End-Effector Market Report
Part 03: Robot End-Effector Market Landscape
Part 04: Robot End-Effector Market Sizing
Part 05: Robot End-Effector Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Questions answered in the Robot End-Effector Market Report are:
- Which segment grabbed the largest share in the Robot End-Effector Market?
- How is the competitive scenario of the Robot End-Effector Market?
- Which are the key factors driving the Robot End-Effector Market growth?
- Which region holds the maximum share in the Robot End-Effector Market?
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- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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