PUBLISHER: The Business Research Company | PRODUCT CODE: 1270398
PUBLISHER: The Business Research Company | PRODUCT CODE: 1270398
“Robot End-Effector Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on robot end-effector market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for robot end-effector ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The robot end-effector market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
1) By Type: Grippers; Welding Guns; Clamps; Suction Cups; Tool Changers; Other Types
2) By Robot Type: Traditional Industrial Robots; Collaborative Robots
3) By Application: Handling; Welding; Assembly; Processing; Dispensing; Other Applications
4) By Industry: Automotive; Electrical and Electronics; Metals and Machinery; Food and Beverages; Other Industries
Companies Mentioned: ABB Ltd; Destaco; Kuka AG; Piab AB; Robotiq
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Major players in the robot end-effector market are ABB Ltd., Destaco, Kuka AG, Piab AB, Robotiq, Zimmer Group, SCHUNK GmbH & Co. KG, Schmalz, Millibar Inc., Festo, Weiss Robotics GmbH & Co. KG, TUNKERS Maschinenbau GmbH, Soft Robotics Inc., JH Robotics, and TSD Manufacturing Inc.
The global robot end-effector market is expected to grow from $3.70 billion in 2022 to $4.35 billion in 2023 at a compound annual growth rate (CAGR) of 17.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The robot end-effector market is expected to grow to $8.25 billion in 2027 at a CAGR of 17.3%.
The robot end-effector market consists of sales of two-fingered grippers, sensors, process tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A robot end-effector is a device attached to a robot's wrist that allows the robot to engage with its task. The end effector is the component of the robot that interacts with its surroundings.
Asia-Pacific was the largest region in the robotics end-effector market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of robot end-effectors are grippers, welding guns, clamps, suction cups, tool changers and others. Welding guns refer to portable devices for semiautomatic welding parts of various articles. The robots types are traditional industrial robots and collaborative robots. The various applications involved handling, welding, assembly, processing, dispensing and others and it is used in automotive, electrical and electronics, metals and machinery, food and beverages and others.
The rising demand for collaborative robots is expected to propel the growth of the robotics end-effector market going forward. Collaborative robots refer to a form of robotic automation built to work safely alongside human workers in a shared, collaborative workspace. The demand for collaborative robots is growing because the consumer industry has a high need for robots. For instance, in April 2022, according to Enterprise Engineering Solutions, a US-based technical service company, Collaborative robots, is expected to constitute a total of 34% of overall robot sales by the end of 2025. Further, in August 2022, according to Construction Week, an India-based largest construction and contracting portal regarding news on construction, overall cobot sales hit a record high in 2021 at 31,325 units. The cobot market is to exceed $2 billion by 2026. Therefore, the rising demand for collaborative robots is driving the growth of the robotics end-effector market.
Product Innovations are a key trend gaining popularity in the robotics end-effector market. Major companies operating in the robotics end-effector market are focused on developing new product solutions to strengthen their position in the market. For instance, in January 2021, Piab, a US-based company operating in robot end effectors introduced a soft gripper - or end effector - for industrial robots. piSoftGrip range is developed for the automation of the food and chocolate industry and extends the pi-SoftGrip family with a new pinch gripper. The vacuum-based soft gripper would grip sensitive and lightweight oblong objects with odd geometries and/or objects with an unusual surface. This developed product consists of two gripping fingers and a sealed vacuum cavity, made in one piece, resulting in a simple and robust product. The unique features are that it is not sensitive to dust and the gripping force is easily adjusted and controlled by the applied vacuum level.
In August 2021, Novanta, a US-based company that designs, develops, manufactures and sells precision photonics and motion control components and subsystems acquired ATI Industrial Automation for an amount of $172 million upfront in cash. This acquisition is expected to be accretive to Novanta's free cash flow and non-GAAP earnings per share on a full-year basis.ATI Industrial Automation is a US-based company operating in robot end-effectors.
The countries covered in the robot end-effector market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The robot end-effector market research report is one of a series of new reports from The Business Research Company that provides robot end-effector market statistics, including robot end-effector industry global market size, regional shares, competitors with a robot end-effector market share, detailed robot end-effector market segments, market trends and opportunities, and any further data you may need to thrive in the robot end-effector industry. This robot end-effector market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.