June 09, 2021
According to a research report titled ‘Global Robot End-Effector Market by Type (Welding Guns, Grippers, Suction Cups, Tool Changers), Applications (Handling, Assembly, Welding, dispensing, processing and other), Industry (Automotive, Electrical & Electronics, Food & Beverages, E-Commerce and other), and Regional Forecasts 2021-2027’, available with Market Study Report LLC, global robot end-effector market is projected to grow substantially to be appraised at USD 10.5 billion over the forecast period 2021-2027.
As per report findings, increasing preference for automated operations across several industries, and escalating demand for modular end-effectors are primary factors driving worldwide robot end-effector industry growth.
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Moreover, rising adoption of additive manufacturing as well as preference for electric grippers are likely to create ample opportunities for businesses operating in this vertical.
Elaborating on restraints, the frequent complications arising in integration of new technology with existing processes & operations are expected to hamper industry remuneration in the ensuing years.
The report on global robot end-effector market offers a detailed analysis of past and present trends of the industry sphere and predicts the growth trajectory over the forecast period. Additionally, specifics about segmental share, along with their expected CAGR over 2021-2027 are expounded while enlisting these segment.
Based on product type, worldwide robot end-effector market is classified into suction cups, grippers, welding guns, tool changers, clamps, and others. By application scope, the market space is arrayed into handling, welding, dispensing, processing, and assembly among others. Moving on to end-user spectrum, the industry comprises automotive, electrical & electronics, metals & machinery, rubber, plastics, & chemicals, and others.
Considering the geographical outlook, regions such as North America (United States, Canada), Europe (U.K, France, Germany, Italy, Spain), Asia Pacific (India, China, Japan, South Korea, Australia), and Latin America (Mexico,Brazil) are major revenue generators for global robot end-effector market.
Key contenders in the industry sphere are ATI Industrial Automation Inc., Soft Robotics Inc., Festo A.G. & Co. KG, EMI Corp., Weiss Robotics GmbH & Co. KG, Applied Robotics Inc., J. Schmalz GmbH, SCHUNK GmbH & Co. KG, Zimmer GmbH, and JH Robotics Inc.