February 06, 2020
As per the report titled ‘Robot End-Effector Market Size, By Product (Welding Guns, Grippers, Tool Changers, Suction Cups), By Application (Material Handling, Assembly, Welding, Painting), By End-Use (Automotive, Metals & Machinery, Plastics, Food & Beverage, Electrical & Electronics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, China, India, Japan, Taiwan, South Korea, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, the global robot end-effector market is projected to cross USD 6.5 billion by the year 2025.
The dawn of industry 4.0 in manufacturing is fueling the growth of robot end-effector market. Industry 4.0 includes technological advances such as cloud robotics, automation, big data, cyber-physical systems, and IoT. Adoption of these technologies result in high production rate and improved efficiency as the controls are handed over to the robotic systems. Increasing utilization of collaborative robots, along with integration of robotics in the logistics industry, and declining cost of sensors are some of the other factors positively impacting the market outlook. Moreover, rising investments by companies towards the R&D and potential integration of these latest technologies is expected to provide lucrative growth opportunities in the coming years. For instance, Comau S.p.A. has developed collaborative robots termed as AURA (Advanced Use Robotic Arm) which include an array of sensors placed below the protective foam capable of detecting human movement.
Based on the end-use spectrum, automotive segment currently dominates the robot end-effector market with 35% share and is expected to grow substantially over the projected timeframe, as deployment of robots result in higher work output as compared to manual labor. Introduction of energy-efficient drive systems and electric vehicles is encouraging consumers to opt for modernized vehicles, which is leading to higher adoption of automation by manufacturers in order to meet the consumer demand, thereby, augmenting the segmental growth.
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Considering the geographical outlook, the U.S. robot end-effector market is expected to register a sizeable growth in the coming years, owing to the rising demand for smart automation solutions from various industries. Furthermore, lower cost of automated solutions is stimulating the regional growth.
Elaborating further on the regional landscape, robot end-effector market in China is also expected to show significant growth in the forthcoming years. China registered a total of 135,000 robot shipments in 2018, accounting for over 40% of the global shipments.
Some of the industry leaders of robot end-effector market include ABB, ATI Industrial Automation, Applied Robotics, Bastian Solutions, Inc., FIPA, DESTACO, OnRobot A/S, and KUKA Robotics among others.
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