Robot end effector market size worth $5.25 billion, globally, by 2028 at 15.62% CAGR: Verified Market Research®
JERSEY CITY, NJ, February 14, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Robot End Effectors MarketBy Type (Welding Guns, Grippers, Suction Cups), By Application (Handling, Welding, Assembly) and by Geography. According to verified market research, the global Robot End Effector market size was valued at $1.50 billion in 2020 and is expected to reach $5.25 billion by 2028, growing at a CAGR of 15.62% from 2021 to 2028.
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202 – Pages
126 – Tables
37 – Numbers
Global Robot End Effectors Market Overview
An increase in the use of collaborative robots is the major driver of the global robot end effector market. These robots react to their environment by interacting with it. They adjust their trajectory or direction of operation in response to changes in the work environment. Additionally, the adoption of automation in the manufacturing industry to complete tasks faster has led to an increase in the demand for robot end effectors. All over the world, office robots are being developed to perform activities that will require end effectors. Additionally, versatile and single-ended end effectors are in high demand.
Robotic installations can be found in a variety of industries, including aerospace, transportation, life sciences, and consumer products, for operations such as warehousing, assembly, transportation, outfit and cut, among others. Even creating an advertisement for a consumer product requires the use of technological devices that must move, alter or rotate the material in a specific way in order to get the right shot. As a result, automation is increasing the demand for robot end effectors and is expected to continue supporting the growth of the robot end effector industry. Constraints – Robotic systems with robot end effectors, on the other hand, are expensive.
In addition, the cost of installing them in manufacturing enterprises is significant, which leads to additional costs. Additionally, they are particularly prone to damage when operating in heavy-duty sectors, and their replacement or repair can be costly, limiting global market expansion.
Main developments in Robot End Effectors Market
- December 2020, The BGI-Lip was introduced by Piab AB. The BGI-Lip was created to pick up both heavy-duty plastic bags and stand-up pouches containing dry or wet food or substances.
- November 2020, Softmanbot and Zimmer Group announced their cooperation. The Zimmer Group has benefited greatly from the Softmanbot research project. The manipulation of flexible components, studied using multiple simulation models, is one of Softmanbot’s research topics.
- July 2020Tünkers bought the Nimak Group and the majority of the owners of the Nimak Group transferred their shares to Tünkers Verwaltungs, based in Ratingen.
The major market players are Zimmer Group, Schunk, Schmalz, Piab AB, Soft Robotics Inc., Tünkers, Robotiq, ABB, FIPA, JH Robotics, Millibar Robotics, OnRobot.
Verified Market Research has segmented the global Robot End Effector market on the basis of type, application, and geography.
- Robot End Effectors Market, By Type
- Welding guns
- suction cups
- Tool changers
- Robot End Effectors Market, By Application
- Robot End Effectors Market by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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