The modularity ensures that the grippers do not have to be changed from time to time, thereby reducing the cost of redesigning and downtime associated with its change and replacement; hence, the growing demand for modular end-effectors is the key factor driving the growth of the market. The increasing adoption of collaborative robots (cobots) owing to their benefits and features is another factor driving the market growth.
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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Recent Developments
- In
February 2019, SCHUNK launched intelligent gripping system for integrated
battery cell inspection. The new intelligent gripper enables flexible
handling, identification, and inspection of Li-ion cells, in a single
compact module.
- In
January 2019, Festo launched adaptive shape gripper, DHEF. The silicone
cap of the gripper can fold itself over and grip objects of any
shape. This creates a firm and form-fitting hold. This unique and
innovative product is expected to help the company to differentiate itself
from the other players in the market.
- In
January 2019, Robotiq announced the opening of its first European office
in Lyon, France to better coordinate with its European distributors and
partners.
Key Market Players
Major companies in the robot end-effector market are
Zimmer Group (Germany), Schunk (Germany), Schmalz (US), Destaco (US), Robotiq
(Canada), Applied Robotics (US), EMI Corp. (US), Festo (Germany), KUKA
(Germany), Soft Robotics (US), Tünkers (Germany), ATI Industrial Automation
(US), ABB (Switzerland), Weiss Robotics (Germany), Piab AB (Sweden), KUKA
(Germany), FIPA (Germany), SMC (Japan), IPR (Germany), IAI (Japan), JH Robotics
(US), Bastian Solutions (US), and RAD (US).
Robot end-effector market for handling
application to grow at the highest CAGR during the forecast period
Material handling is mainly used for pelletizing, packing, picking,
and unloading. End-effectors that handle dangerous goods have to be highly
redundant to power outages and blackout. Similarly, end-effectors used in the
food industry have to be certified as “food grade.” Increasing use of various
grippers and palletizers in various industries such as electrical and
electronics; metals and machinery; and food & beverages is the primary
reason for handling applications registering the highest growth in the market.
Robot end-effector market for
food & beverages industry to grow at a significant CAGR during 2019–2024
Owing to ununiformed shape, size, weight, and texture of the
products, automation in the food & beverages industry is comparatively
different than other industries. In the food & beverages industry, robot end-effectors
are required to maintain a high degree of sanitation. Food grade stainless
steel and plastics must be used to avoid any contamination due to
microbiological traps or water stagnation. Increasing automation across various
stages of the supply chain in the food & beverages industry is contributing
to the significant growth.
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Robot end-effector
market in APAC is expected to grow at highest CAGR during forecast period
The electrical and electronics industry in APAC is
the most important driver for robot end-effectors owing to rising demand for
electronic products around the world. Components such as computer chips,
battery, and displays that are small and sensitive need to be handled with high
speed and high precision. In the developing APAC countries, the food and
packaging industry has not yet reached maturity, which represents an
opportunity for the growth of the market. Large e-retailers are also expected
to use end-effectors for warehousing on a large scale in the following years.
Hence, APAC will continue to have the highest growth rate and market share
compared to other regions during the forecast period.
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