APAC accounted for the Largest Share in the Robot End Effector Market

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APAC accounted for the Largest Share in the Robot
End Effector Market Robot End Effector Market
with COVID-19 Impact Analysis, by Type (Electric
Grippers, Vacuum Cups, Tool Changers), Robot
Type, Application (Handling, Assembly,
Processing), Industry (Food Beverage,
E-Commerce), and Region - Global Forecast to
2026 https//www.marketsandmarkets.com/Market-Rep
orts/robot-end-effector-market-251736819.html
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According to MarketsandMarkets, the robot end
effector market is projected to grow from USD 1.9
billion in 2021 to USD 4.4 billion by 2026 it is
expected to grow at a Compound Annual Growth Rate
(CAGR) of 18.8 from 2021 to 2026. The market has
a promising growth potential due to several
driving factors including, growing demand of
modular end effectors owing to their cost
effectiveness associated with redesigning
adoption of collaborative robots in heavy and
non-heavy industries due to strong promotion of
industry automation principles such as Industry
4.0 and initiatives by governments and
public-private companies to mitigate COVID-19
impact. Browse 191 market data Tables and 86
Figures spread through 332 Pages and in-depth TOC
on "Robot End Effector Market - Global Forecast
to 2026
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Traditional industrial robots estimated to hold
the larger share of the robot end effector market
in 2021 The traditional industrial robot type is
expected to hold the largest share of the market,
both in terms of value and volume, in 2021 as
they are utilized throughout all the major
industries to carry high payloads and are
programmed to perform a single task continuously.
This dominance can be attributed to high rate of
adoption of traditional industrial robots for
heavy duty applications in the industries such as
automotive electrical and electronics and
metals and machinery. They are well suited for
high-volume production and have been fundamental
in scaling up productivity in these industries.
Heavy-duty industries such as automotive and
metals machinery are expected to flourish
further in APAC, owing to which end effector
market for traditional industrial robots in APAC
is projected to grow at the highest CAGR during
the forecast period. Ask PDF Brochure https//ww
w.marketsandmarkets.com/pdfdownloadNew.asp?id2517
36819
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Automotive industry is estimated to account for
the largest share of the robot end effector
market throughout the forecast period Due to
traditional heavy-duty robot end effectors having
a large-scale deployment in the automotive
industry for decades, the industry accounted for
the largest market size of the robot end effector
market in 2021. Various applications are carried
out in the automotive industry, such as welding,
handling, and assembly, and the welding
application which flourish the robot end effector
market for industry. The market in the automotive
industry expected to register the largest
shipment in 2021 and is projected to continue so
for the projected time period it is expected to
grow at a significant CAGR during the forecast
period. The massive volume of production and
assembly of multiple types of automotive
components are the primary reasons for the
automotive industry registering the highest
number of robot end effector shipments. Moreover,
automotive companies are keen toward replacing
their traditional robots with cobots in order to
reduce the time spent on operations, thereby
opening new opportunities for HRC (human robot
collaboration) end effector manufacturers.
 Hence, the automotive industry is expected to
hold the largest share of robot end effector
market in 2021, in terms of value as well as
volume. Request Free Sample Pages https//www.ma
rketsandmarkets.com/requestsampleNew.asp?id251736
819
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Handling applications, such as gripping and
palletizing, are projected to account for the
largest share in terms of value during the
forecast period The handling application to hold
the largest share of the robot end effector
market in 2021, in terms of value. The market for
handling application is expected to grow at a
significant rate and occupy 49 of the shares,
in terms of value by 2021. As the trend of
miniaturization of electronic components is
expected to penetrate further during the next 5
years, compact grippers and vacuum cups would
prove to be more suitable for this application.
Further research developments in compact
grippers, smart grippers, bionic grippers, 3D
printed end effectors and vacuum cups are
expected to drive the market for handling
application. The major opportunity is the
positive growth in demand for end effectors in
the pharmaceuticals industry amid COVID-19. The
rapid development of vaccines required increased
automation with higher demand for robots and end
effectors. Hence, this is expected to increase
the scope for investment in end effectors for
handling application for the existing companies
as well as new entrants. Key Market
Players Major vendors in the robot end effector
market Zimmer Group (Germany), Schunk (Germany),
Schmalz (Germany), Destaco (US), and Festo
(Germany), Piab AB (Sweden) Tünkers (Germany),
Robotiq (Canada), FIPA (Germany), Wiess Robotics
(Germany), ATI (US), Bastian Solutions (US), IPR
(Germany), ABB (Switzerland), KUKA (Germany), SMC
(Japan), Applied Robotics (Denmark), IAI (Japan),
JH Robotics (US), EMI (US), Millibar Robotics
(US), RAD (US), Soft Robotics (US), OnRobot
(Denmark), and Wyzo (Switzerland).
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APAC to account for the largest share in the
robot end effector market in 2021 APAC is
expected to adopt robot end effectors at a faster
rate driven by government initiatives for foreign
direct investments (FDIs) and hold the largest
market share for the robot end effectors, both in
terms of value and volume for the forecast
period. Increasing investment in automation by
automotive, and electrical electronics
companies, especially in countries such as China,
South Korea, and India, is expected to be the key
driver for the market in APAC. The electrical and
electronics industry is the most important driver
for robot end effectors, owing to the rising
demand for electronic products around the world.
China is expected to recover from the
manufacturing slowdown due to COVID-19 in the
coming years, and other countries such as Taiwan
and Thailand push for further automation.
Increasing labor costs are forcing manufacturers
to automate to maintain their cost advantage.
Moreover, automotive manufacturers in China
predominantly operate through joint ventures.
After years of consistent growth, the market is
slowly maturing, with certain segments such as
luxury vehicles continuing to grow. Also, the
increasing adoption of collaborative robots in
industries such as wood and furniture and
automotive is another key trend, which has fueled
the demand for robot end effectors in the region.
Therefore, with the increasing demand for
collaborative robots, strong growth for
collaborative end effectors is expected in APAC.
Hence, APAC region is expected to become a focal
point for research and developments in robot end
effector market and applications.
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