According to the new market research report "Robot
End-Effector Market by Type (Welding Guns, Grippers, Suction Cups, Tool
Changers), Applications (Handling, Assembly, Welding), Industry
(Automotive, Electrical & Electronics, Food & Beverages,
E-Commerce), and Geography - Global Forecast to 2024",
published by MarketsandMarkets™, the Robot End-Effector Market is
expected to grow from USD 2.6 billion in 2019 to USD 5.7 billion by
2024, at a CAGR of 16.9% during the forecast period.
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In terms of volume, welding guns to hold largest share of the robot end-effector market in 2019
The
welding gun or welding torch is the most widely used robot end-effector
in the industry. The use of welding guns, especially in the automotive
sector, followed closely by the electrical and electronics industry, has
helped welding guns retain the top spot with respect to the overall
volume commissioned globally. As long as there is a thriving market for
automobiles, welding guns will continue to see widespread use. Hence,
the high rate of adoption of welding guns in the automotive industry is
the key factor fueling the growth of the robot end-effector market for
welding guns.
Handling application to dominate robot end-effector market during forecast period
Material
handling is automated using end-effectors in 3 cases: lifting heavy
objects, performing redundant and unsafe tasks on the factory floor, and
improving speed and precision of handling various objects or
instruments. Suction cups or vacuum grippers have the largest share of
use in this application due to their advantage of handling random
objects with less change in its configuration. The increasing adoption
of these end-effectors for handling tasks such as pelletizing, packing,
picking, and unloading in the electrical and electronics industry is the
key factor contributing to the growth of the robot end-effector market
for handling application.
APAC to hold largest share of the robot end-effector market in 2019
APAC
is expected to hold the largest share of the robot end-effector market
in 2019 and is projected to dominate the market during the forecast
period. Increasing investment in automation by automotive and electrical
& electronics companies, especially in countries such as China,
South Korea, and India, is expected to be the key driver for the market
in APAC. Also, the increasing adoption of collaborative robots in
industries such as wood and furniture, and metal and machinery is
another key trend, which has fueled the demand for robot end-effectors
in APAC.
Browse in-depth TOC on "Robot End-Effector Market"
69 – Tables
49 – Figures
170 – Pages
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Major
players in the robot end-effector market include Zimmer Group
(Germany), Schunk (Germany), Schmalz (US), Destaco (US), Robotiq
(Canada), Applied Robotics (US), EMI Corp. (US), Festo (Germany), KUKA
(Germany), and Soft Robotics (US). Apart from these, OnRobot (Denmark)
and IPR (Germany) are few of the emerging companies in the robot
end-effector market.
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