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. Due to the fast-changing nature of
industries today, demand for modular end-effectors is increasing. Hence,
growing demand for modular end-effectors is one of the key factors driving the
growth of the robot end-effector market. Another driver for the robot end-effector
market includes increasing adoption of collaborative robots (Cobots) owing to
their benefits and features.
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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 fuelling
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 fuelled the demand for
robot end-effectors in APAC.
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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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