Market Research Report
Robot End-Effector- Global Market Outlook (2019-2027)
|Published by||Stratistics Market Research Consulting||Product code||998526|
|Published||Content info||150+ Pages
Delivery time: 2-3 business days
|Robot End-Effector- Global Market Outlook (2019-2027)|
|Published: March 1, 2021||Content info: 150+ Pages||
According to Stratistics MRC, the Global Robot End-Effector Market is accounted for $2.64 billion in 2019 and is expected to reach $10.55 billion by 2027 growing at a CAGR of 18.9% during the forecast period. Growing demand for modular end effectors, increasing adoption of collaborative robots and rise in additive manufacturing is driving the market growth. However, high cost of deployment of industrial robots for SMEs is hampering the growth of the market.
Robot end effector refers to devices at the end of a robotic arm designed to interact with the environment. These may be grippers, material removal tools, or tool changers, and others. The robot end effector is applicable to meet the material handling challenges. The device varies depending upon the application of the robot.
Based on the application, the assembly segment is going to have high growth during the forecast period because assembly robots are largely used to increase the production capabilities in manufacturing companies as these robots significantly increase consistency and speed of the production lines. By geography, Asia Pacific is going to have high growth during the forecast period due to the continued increasing industrialization, rising labor cost of the consumer electronics in the region and deployment of a large number of robots in countries such as South Korea, China, Japan, and others.
Some of the key players profiled in the Robot End-Effector Market include: KUKA AG, ABB Ltd., ATI Industrial Automation, EMI Corp., Festo Group, FIPA Inc., Schmalz Inc., SMC Corporation, Soft Robotics, Zimmer Group, DESTACO (Dover Corporation), J. Schmalz GmbH, Piab AB, Robotiq Inc. and SCHUNK GmbH & Co. KG.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.