Following an extensive evaluation, Market Research Future (MRFR) says that the global robotic end-effector market 2020 can note considerable gains of USD 4,827.54 Million by 2025. MRFR also reports that the market value in 2018 was USD 2,288.88 Million in 2018 and the expansion rate can most likely be around 16.10% between 2019 and 2025 (forecast period).
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Main Drivers and Key Barriers
The rising adoption of robots to assist and perform various tasks such as welding, household works, machine handling, and more can be one of the top growth boosters in the robot end-effector market. End-effectors are available in from of various devices that are either installed or connected at the robot’s wrist to interact with the work components to conduct certain tasks. For example, the welding torch is placed at the end of the robot arm to weld a particular component.
The growing application of robots in pick and place operations within the logistics industry, in addition to casting, palletizing, material handling, arc welding, and others can stimulate the demand for end-effectors in the near future. With the rapid expansion of the collaborative robot industry, the demand for end of arm tooling is expected to note high demand since these require a higher number of integrated sensors to function effectively within a human-robot work environment. This also ensures security and safety of humans.
Continuous advancements in the sensor technology have led to robots working without needing any custom software. These types of robots are highly proficient, especially when compared to bulky industrial robots and are finding extensive use in the manufacturing and supply chain distribution across the globe.
The robotic end-effector market segments covered in the report are type, application and industry.
The market segments, with respect to type, are suction cups, tool changers, grippers, welding guns, clamps, and others. The top position is expected to be held by the gripper segment during the appraisal timeframe, while the welding segment can possibly achieve the fastest CAGR in the global market.
The application-based segments identified in the report are cutting & soldering, assembling, material handling, dispensing, welding, and others. The assembling application of robotic end-effector forms the largest market, given the ongoing process of developing six-axis robots that have higher flexibility of movements. The highest growth rate can be attained by the material handling segment, on account of the increasing automation of repetitive, tedious and unsafe processes like packing, pelletizing, unloading and picking.
The different industries continuously deploying robotic end-effectors are precision engineering and optics, automotive, food & beverages, machinery, e-commerce, electrical and electronics, and others. Between these, the electrical and electronics industry can claim the leading position in the coming years, whereas the food & beverages segment can advance at a substantial CAGR, thanks to the surge in automation of a variety of processes in the said industry.
MRFR believes that Robotic End-Effector Market has a huge growth potential and it can note growth in the primary regions of Europe, Asia Pacific (APAC), North America, and the rest of the world (RoW).
Between 2019 and 2025, the strongest contender in the global market can possibly be North America, in view of the fact that the region houses a significant number of well-known and renowned players. Moreover, high availability of proficient technical know-how combined with the high adoption of industrial robotics also benefits the market here. Some of the most established automakers in the region and in the world like Hyundai, TATA Motors, Ford Motor Company, and others make significant use of these robots to boost their automotive production, while catering to the evolving demand.
APAC is among the leading regional markets for robotic end-effector, progressing at a tremendous growth rate owing to the fast expansion of the electrical and electronics sector. China and then South Korea and Japan form the biggest markets in the region. South Korea boasts of an extremely high robot density as compared to the worldwide average amount. The strong advancements in the electronics & electrical sector in the country is touted to be a chief growth booster in the regional market.
SCHUNK GmbH & Co. KG (Germany), Robotiq Inc. (US), Soft Robotics, Inc. (US), Robotic Automation Systems (US), ATI Industrial Automation, Inc. (US), KUKA AG (Germany), Piab AB (Sweden), Dover Corporation-Destaco (US), ABB (Switzerland), Festo (Germany), TÜNKERS Maschinenbau GmbH (Germany), PHD Inc. (US), Zimmer Group (Germany), Applied Robotics, Inc. (US), TSD Manufacturing Inc. (US) are some of the top contenders in the robotic end-effector market.
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