Robot End Effectors Market Grows at a CAGR of 16.9% to $ 15,623.0 Million by 2030
The major driving force behind the global robot effectors market is the increase in the application of collaborative robots.
PORTLAND, OR, UNITED STATES, November 28, 2021 /EINPresswire.com/ – The growth of robot effectors market is mainly due to the increase in the adoption of automation in industrial manufacturing. In addition, robot end-effectors mainly find their application in the automotive industry; thus, the expansion of the automotive industry is expected to drive the growth of the robot effectors market. In addition, robot end effectors are mainly used for material handling operations in the majority of industries. Asia-Pacific dominated the robot effectors market in 2020, owing to the presence of large-scale production facilities in countries like China and India.
According to a recent report published by Allied Market Research titled “Robot Effectors Market by Type, Application, End User, and Robot Type: Global Opportunity Analysis and Industry Forecast, 2021-2030”, the Robot Effectors Market robots was valued at $ 3.3 billion in 2020, and is expected to reach $ 15.6 million by 2030, registering a CAGR of 16.9% from 2021 to 2030.
Brochure request (269 pages) @ https://www.alliedmarketresearch.com/request-sample/12896
Robot effectors are also known as tooltips, robotic accessories, robot tools, end-of-arm tooling (EOA), robotic peripherals, or end-of-arm devices. These tools are fitted on the tip of the robotic arm and respond to the operations that are performed by the robotic arm. The robotic arm can be a gripper, a sensor, or a processing tool. The robot effector can be used with the robot which performs operations such as assembly, material handling and similar tasks.
The increase in adoption of collaborative robots in industries has drastically boosted the demand for robot end-effecters. Additionally, the adoption of automation in manufacturing and logistics industries has made it possible to perform operations at a faster pace and with greater precision using robotic end effectors. So, all these factors are collectively expected to contribute significantly to the growth of the global robot effectors market during the forecast period.
Covid-19 impact assessment
The COVID-19 outbreak has led to the shutdown of logistics and manufacturing activities across the world, which in turn has resulted in the disruption of the supply chain, hampering the growth of the market for robot effectors. However, this situation is expected to improve as the government has started to relax the standards around the world for resuming business activities.
Get a detailed analysis of the impact of Covid-19 @ https://www.alliedmarketresearch.com/request-for-customization/12896
Main benefits for stakeholders
The report provides in-depth analysis of the current robot effectors market trends, future estimates, and dynamics.
An in-depth analysis of the robot end effectors market is done through estimates for key segments between 2021 and 2030.
Thorough market analysis is carried out by tracking the positioning of key products and monitoring the major competitors within the framework of the market.
A comprehensive analysis of four major regions is provided to determine existing opportunities.
Analysis of robot effectors market forecast from 2021 to 2030 is included in the report.
Leading market players operating in the market are presented in this report and their strategies are thoroughly analyzed which helps in understanding the competitive outlook of the Robot Effectors industry.
Best leading players
Destaco (Dover Corporation)
Toyota Industries Corporation (Bastian Solutions, LLC)
Weiss Robotics GmbH & Co. KG
Purchase order @ https://www.alliedmarketresearch.com/purchase-enquiry/12896