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2021
Robot End Effector Market

Robot End Effector Market

by Type (Grippers, Process Tools, Sensors, and Tool Changers), Application (Handling, Assembling, Welding, and Others), End User (Automotive, Electronics, Food & Beverage, Metal & Machinery, and Others), and Robot Type (Traditional Industrial Robots and Collaborative Robots): Global Opportunity Analysis and Industry Forecast, 2021-2030
Update Available On-Demand

Report Code: A12531
Pages: 269
Jul 2021 | 2881 Views
Author(s) : Digvijay Pawar
Tables: 144
Charts: 70
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COVID-19

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The robot end effector market size was valued at $3,263.8 million in 2020, and is expected to reach $ 15,623.0 million by 2030, registering a CAGR of 16.9% from 2021 to 2030. 

The COVID-19 outbreak had affected the manufacturing of robotic systems in the first and second quarter of 2020. However, owing to adoption of touchless operations in industries such as automotive, food & beverage and electronics the demand for robot end effector increased in the third and fourth quarter of 2020.

Robot end effector is a robotic device fixed on the end of a robotic arm, which reacts to the operating system around the robot. It is used for operations such as picking & placing objects, assembling product pieces, and stacking cartons & parcels. Robot end effectors that are fixed on robot arm and act in coordination with grippers, process tools, and sensors. Robot end effectors are also known as robotic accessories, tool tips, robotic peripherals, robot tools, end-of-arm tooling (EOA), or end-of-arm devices.

Robot-End-Effector-Market-2021-2030

The major driving factor of the global robot end effector market is increase in application of collaborative robots. These robots interact with the surrounding and operate accordingly. They adopt change of path or direction of operation as per the changes in the working condition. In addition, adoption of automation in the manufacturing industry to carry out activities at faster pace has led to increase in demand for robot end effectors. However, robotic systems that are deployed with robot end effectors are costly. Moreover, their installation in manufacturing industries is high, which incur additional cost. In addition, they are highly prone to damage while operating in heavy industries, wherein their replacement or repairing can cost a huge amount, thereby hampering the growth of the market, globally. 

Furthermore, during the outbreak of the COVID-19 pandemic, construction, manufacturing, hotel, and tourism industries were majorly affected. Manufacturing activities were halted or restricted. Construction and transportation activities, along with their supply chains, were hampered on a global level. This led to decline in manufacturing of robot end effectors as well as their demand in the market, thereby restraining the robot end effector market growth. Conversely, industries are gradually resuming their regular manufacturing and services. This is expected to lead to re-initiation of robot end effector companies at their full-scale capacities, which is likely to help the robot end effector market to recover by end of 2021.

Robot End Effector Market
By Type

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Gripper segment holds the largest share in Robot End Effector market

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Furthermore, integration of Internet of Things (IoT) is rapidly being adopted in the automation industry, which is anticipated to open new avenues for the robot end effector market.

The robot end effector market is segmented into type, application, end user, robot type, and region. By type, the market is segregated into grippers, process tools, sensors, and tool changers. The applications covered in the study include handling, assembling, welding, and others. On the basis of end user, the market is divided into automotive, electronics, food & beverage, metal & machinery, and others. Depending on robot type, it is segregated into traditional industrial robots and collaborative robots. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Robot End Effector Market
By Application

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Handling segment holds dominant position in 2020

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On the basis of type, in 2020, the grippers segment dominated the robot end effector market, in terms of revenue, whereas the sensors segment is expected to witness growth at the highest CAGR during the forecast period. By application, the handling segment led the market in 2020, in terms of revenue; however, the assembling segment is anticipated to register highest CAGR during the forecast period. Depending on end user, the automotive segment led the market in 2020, in terms of revenue. Conversely, the food & beverage segment is anticipated to exhibit the highest CAGR in the coming years. As per robot type, in 2020, the traditional industrial robots segment dominated the robot end effector market, whereas the collaborative robots segment is expected to witness growth at the highest CAGR in the near future. Region wise, Asia-Pacific garnered the highest revenue in 2020; however, LAMEA is anticipated to register highest CAGR during the forecast period.

Competition analysis

The major players profiled in the robot end effector market include ABB, Destaco (Dover Corporation), Kuka AG, Millibar, Inc., Piab AB, Robotiq, Schmalz, Toyota Industries Corporation (Bastian Solutions, LLC), Weiss Robotics GmbH & Co. KG, and Zimmer Group. Major companies in the market have adopted product launch as their key developmental strategy to offer better products and services to customers in the robot end effector market.

Robot End Effector Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific holds a dominant position in 2020 and LAMEA is expected to grow at a highest rate during the forecast period.

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Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current robot end effector market trends, future estimations, and dynamics. 
  • In-depth robot end effector market analysis is conducted by estimations for the key segments between 2021 and 2030. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
  • The robot end effector market forecast analysis from 2021 to 2030 is included in the report.
  • The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the robot end effector industry.

Key Market Segments

By Type 

  • Grippers
  • Process Tools
  • Sensors
  • Tool Changers

By Application 

  • Handling
  • Assembling
  • Welding
  • Others

By End User 

  • Automotive
  • Electronics
  • Food & Beverage
  • Metal & Machinery
  • Others

By Robot Type 

  • Traditional Industrial Robots
  • Collaborative Robots

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain 
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • ABB
  • Destaco (Dover Corporation)
  • Kuka AG
  • Millibar, Inc.
  • Piab AB
  • Robotiq
  • Schmalz
  • Toyota Industries Corporation (Bastian Solutions, LLC)
  • Weiss Robotics GmbH & Co. KG
  • Zimmer Group
 

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The robot end effector market was valued at $3,263.8 million in 2020, and is expected to reach $ 15,623.0 million by 2030, registering a CAGR of 16.9% from 2021 to 2030. The growth of the robot end effector market is majorly driven by increase in adoption of collaborative robots in the industries. In addition, adoption of automation in manufacturing industries acts as a key driving force of the market.

However, high initial setup cost of robot end effectors acts as a major restraint of the robot end effector market. On the contrary, rapid integration of IoT in manufacturing industries is expected to create opportunities for growth of the robot end effector market during the forecast period.

Major companies in the market have adopted strategy such as product launch to offer better services to customers in the robot end effector market.

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FREQUENTLY ASKED QUESTIONS?

A. The robot end effector market was valued at $3,263.8 million in 2020, and is expected to reach $ 15,623.0 million by 2030, registering a CAGR of 16.9% from 2021 to 2030.

A. The forecast period considered for the global robot end effector market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.

A. To get latest version of global robot end effector market report can be obtained on demand from the website.

A. The base year considered in the global robot end effector market report is 2020.

A. The top companies holding the market share in the global robot end effector market report include ABB, Destaco (Dover Corporation), Kuka AG, Millibar, Inc., Piab AB, Robotiq, Schmalz, Toyota Industries Corporation (Bastian Solutions, LLC), Weiss Robotics GmbH & Co. KG, and Zimmer Group.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. By type, the grippers segment dominated the global robot end effector market, in terms of revenue and is expected to maintain this trend during the forecast period.

A. By end-user, the automotive segment is the highest share holder of global robot end effector market.

A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

A. The market value of the global robot end effector market is $3,838.2 million in 2021.

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