Robot End Effector Market Size, Share, Industry Demand, Latest Growth

The global robot end effector market is expected to grow from USD 2.3 billion in 2023 to USD 4.3 billion by 2028, registering a CAGR of 13.5%. Growing demand for modular end effectors, increasing adoption of cobots, penetration of automation in SMEs, and increasing adoption in the warehousing, pharmaceutical, and food industry are the main drivers for the growth of the robot end effector market.

The major players in the market are Schunk (Germany), Schmalz (Germany), Zimmer Group (Germany), Tünkers (Germany),cDestaco (US), Festo (Germany), ABB (Switzerland), ATI Industrial Automation (US), Piab AB (Sweden), and Robotiq (Canada).

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The robot end-effector market will grow significantly due to its various applications in several industries, such as automotive, electrical & electronics, food & beverage, and pharmaceutical. Various key players in the market adopt different strategies such as acquisitions, product launches, collaborations, and partnerships to grow in the robot end effector market.

Handling applications to be the largest for end effectors throughout the forecast period.

The technology trends in end effectors for handling applications fueled the market for handling applications. The smart grippers can measure, identify, and monitor the target object in real time while handling them, whereas the 3D-oriented grippers can handle workpieces in harsh environments amid their constructions and anti-corrosion properties. The continuous developments in dexterous robotic hands (human hand-shaped robotic hand with 3/4-fingers and thumb design provides a degree of freedom for better handling) further drive the end effector market for handling applications.

Food & beverage industry is expected to register highest CAGR during the forecast period.

The growth of processed and packaged foods in developing countries presents a huge opportunity for the growth of end effectors. The food & beverage industry requires end effectors mainly for handling applications as the end products are edibles, and they need a precise system for handling the workpieces that are delicate and prone to spillage and damage very easily. Increased automation and the introduction of soft grippers and human-robot collaborative (HRC) grippers in developing countries also contribute to the projected growth. Increased automation across various stages of the supply chain in the food & beverage industry is contributing to the high growth.

Asia Pacific to grow at highest CAGR during the forecast period.

The robot end effector market in Asia Pacific has witnessed greater growth in the past 10 years than the fully grown markets in Europe and the Americas due to low production costs, easy access to  affordable labor, lenient emission and safety norms, and government initiatives for foreign direct investments (FDIs).