IMARC Group, a leading market research company, has recently released a report titled Robot End Effector Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the globalrobot end effector market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Robot End Effector Industry?
According to the report, the global robot end effector market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.8 Billion by 2028, exhibiting a growth rate (CAGR) of 14.7% during 2023-2028.
What is Robot End Effector?
A robot end effector, also known as end-of-arm tooling (EOAT), is a part attached to the end of the robot arm that moves when a human operator activates it through the associated software. It comprises grippers, tool changers, collision sensors, rotary connectors, pressure tools, force-torque sensors, material removal tools, and welding torches. It is utilized for pick and place, material handling, assembling, packaging, welding, dispensing, and cutting and soldering. As a result, it is widely employed in the automotive, electronics, food and beverages (FB), and metal industries across the globe.
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What are the growth prospects and trends in the Robot End Effector industry?
At present, the rising application of collaborative robots as they interact with the surrounding and operate accordingly represents one of the primary factors bolstering the growth of the market. Besides this, the growing adoption of robot end effectors in the manufacturing industry to perform tasks quickly and efficiently is offering a positive market outlook. Apart from this, the increasing integration of the internet of things (IoT), artificial intelligence (AI), and big data in the robot end effectors to decrease error in various tasks and offer enhanced productivity is strengthening the growth of the market. Furthermore, key players are introducing a robot end effector that can pick up heavy plastic bags and stand-up pouches having dry or wet food or substances.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Welding Guns
- Suction Cups
- Tool Changers
Breakup by Application:
Breakup by End Use Industry:
- Food and Beverage
- Semiconductor and Electronics
- Chemicals, Rubber and Plastics
- Metals and Machinery
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- ABB Ltd.
- Applied Robotics Inc.
- ATI Industrial Automation Inc.
- Bastian Solutions LLC (Toyota Industries Corporation)
- Festo Beteiligungen GmbH Co. KG
- FIPA Inc.
- KUKA Aktiengesellschaft (Midea Group Co. Ltd.)
- Schmalz-International GmbH
- SMC Corporation
- Soft Robotics Inc.
- Weiss Robotics GmbH Co KG
- Zimmer Group GmbH.
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