APAC is expected to dominate the market by capturing a share of nearly 60% by 2026. The electrical and electronics industry in APAC region is projected to serve as the largest market for the robot end effectors around the globe with a market share of 63% in terms of value, by 2026.
The robot end effector market is expected to grow to USD 4.4 billion by 2026 from USD 1.9 billion in 2021, at a CAGR of 18.8% during the forecast period.
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The automotive industry to holds the largest share of end effector market for the forecast period in terms of value as well as in terms of volume. The automotive industry is one of the biggest drivers of the robot end effector market due to increasing automation in manufacturing and assembly; though it is expected to maintain the largest market share.
The grippers segment is projected to be thefastest-growing end effector type. The market for grippers is largely driven by its handling application in a wide range of workpieces considering their various shapes and size; the use of 3D printing technology such as fused deposition modeling (FDM) 3D printing, and their increasing applications in healthcare industries.
Robot end effectors used for handling operations, such as gripping and palletizing, are projected to account for the largest share in terms of value during the forecast period. This is due to continuous development in gripper technology such as soft grippers and vacuum grippers that have enormous handling applications in food & beverage where workpieces are delicate and require precise handling with little pressure.
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