The robot end-effector market is expected to grow from USD 2.6 billion in 2019 to USD 5.7 billion by 2024, at a CAGR of 16.9% during the forecast period. The increase in the adoption of modular end-effectors is one of the key factors driving the growth of the robot end-effector market. Apart from this, growing awareness about benefits and features of collaborative robots (cobots) is also a key factor fueling the market growth.
Additive manufacturing or 3D printing is becoming more widespread throughout the industry, whether it be building prototypes or making the final product. Additive manufacturing allows low-volume, customized parts to be fabricated at a lower cost. This technology will have a large impact on the industry by enabling a leaner manufacturing process. Adoption of 3D printing helps in reducing the cost of the end-effector. With the use of proper materials, end-effectors manufactured using 3D printing are more flexible and strong enough for its intended purpose.
EMI (US) has been producing gripper parts from various materials such as nylon and composites to deliver custom end-effectors to its clients. Parts such as gripper fingers and mounting interfaces can be custom-made, and lead times can be drastically reduced when compared to machined parts. So, the adoption of 3D printing technology to manufacture fingers of robot grippers is a key trend observed in the market, which would fuel the growth of the 3D printing market and the robot end-effector market.
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The robot end-effector market for processing application is expected to grow at a significant rate between 2019 and 2024.
The growing adoption of industrial robots in food & beverages, plastics, rubber, and chemicals industries for automatization of the processing task is the key factor expected to propel the growth of the robot end-effector market for processing application during the forecast period. Hence, along with handling function, players may consider catering to this application for gathering high revenues and strengthening their position in the robot end-effector market.
The robot end-effector market for the food & beverages industry is expected to grow at the highest CAGR during the forecast period.
Currently, secondary or end-of-line packaging and palletizing are the most common operations where end-effectors have seen the bulk of growth in the food & beverages industry, as there is less chance for contamination, and food grade components are not mandatory. Soft grippers have shown promising results that are relevant for the food industry. Unlike traditional grippers that are made of rigid materials, these end effectors are fabricated from soft and flexible components. Fruits or vegetables have varying sizes which makes soft grippers ideal due to their consistent clamping force irrespective of slight differences in size and shape. Hence, by investing in the development of soft grippers specifically for food & beverages can help the market players to broaden their revenue stream during the forecast period.
The market in APAC is expected to grow at the highest CAGR during 2019–2024.
This growth can be attributed to the increasing demand for robot end-effectors in China, Japan, and South Korea, mainly for industries such as food & beverages and e-commerce. Because of technological and economic advancements, overall demand for robot end-effectors is expected to increase across the aforementioned countries. Furthermore, government initiatives to strengthen the robotics industry in China and Japan are expected to fuel the growth of the robot end-effector market in APAC during the forecast period. Players in the robot end-effectors market may gather more revenue from APAC region if they start partnering with food & beverages and e-commerce companies in the region.
The modularity ensures that the grippers do not have to be changed from time to time, thereby reducing the cost of redesigning and downtime associated with its change and replacement; hence, the growing demand for modular end-effectors is the key factor driving the growth of the market.
The new intelligent gripper enables flexible handling, identification, and inspection of Li-ion cells, in a single compact module.In January 2019, Festo launched adaptive shape gripper, DHEF.
This unique and innovative product is expected to help the company to differentiate itself from the other players in the market.In January 2019, Robotiq announced the opening of its first European office in Lyon, France to better coordinate with its European distributors and partners.
Key Market PlayersMajor companies in the robot end-effector market are Zimmer Group (Germany), Schunk (Germany), Schmalz (US), Destaco (US), Robotiq (Canada), Applied Robotics (US), EMI Corp. (US), Festo (Germany), KUKA (Germany), Soft Robotics (US), Tünkers (Germany), ATI Industrial Automation (US), ABB (Switzerland), Weiss Robotics (Germany), Piab AB (Sweden), KUKA (Germany), FIPA (Germany), SMC (Japan), IPR (Germany), IAI (Japan), JH Robotics (US), Bastian Solutions (US), and RAD (US).
Robot end-effector market for handling application to grow at the highest CAGR during the forecast periodMaterial handling is mainly used for pelletizing, packing, picking, and unloading.
Food grade stainless steel and plastics must be used to avoid any contamination due to microbiological traps or water stagnation.
According to IMARC Group’s latest report, titled “Robot End Effector Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”.
the global robot end effector market to continue its strong growth during the next five years.The robot end effector, also known as end-of-arm tooling (EOAT), refers to an additional device attached to the end of a robotic arm.
The robot's endpoint interacts with the environment and is programmed and designed to perform specific tasks.
These effectors are widely used in handling, assembling, welding, dispensing, painting, and cutting applications.
As a result, robot end effectors find numerous applications across various industries, including automotive, electronics, food and beverages, metals, machinery, chemical, healthcare, etc.Request for a free sample copy of this report: https://www.imarcgroup.com/robot-end-effector-market/requestsampleMarket TrendsRapid industrialization and the growing adoption of robots for several industrial operations are the key factors driving the market for robot end effectors.
Robots are now increasingly being integrated with advanced technological solutions, such as the Internet of Things (IoT), cloud computing, big data, and cyber-physical systems, thereby propelling the market growth.
