Robot End Effector Market Driven by Automation in Manufacturing and Growth of Collaborative Robots

1
MarketsandMarkets Presents

Robot End Effector Market Driven by Automation in
Manufacturing and Growth of Collaborative
Robots Robot End Effector Market by Type
(Grippers, Welding Guns, Tool Changer, Clamps,
Suction Cups, Deburring, Soldering, Milling,
Painting Tools), Robot Type (Traditional,
Collaborative), Application, Industry Region -
Forecast to 2028 https//www.marketsandmarkets.co
m/Market-Reports/robot-end-effector-market-2517368
19.html
2
The global robot end effector market is expected
to grow from USD 2.3 billion in 2023 to USD 4.3
billion by 2028, registering a CAGR of 13.5.
Growing demand for modular end effectors,
increasing adoption of cobots, penetration of
automation in SMEs, and increasing adoption in
the warehousing, pharmaceutical, and food
industry are the main drivers for the growth of
the robot end effector market. Browse 187 market
data Tables and 57 Figures spread through 270
Pages and in-depth TOC on "Robot End Effector
Market by Type (Grippers, Welding Guns, Tool
Changer, Clamps, Suction Cups, Deburring,
Soldering, Milling, Painting Tools), Robot Type
(Traditional, Collaborative), Application,
Industry Region - Forecast to 2028"
3
Opportunity Advancement in robotics has surged
the demand for soft grippers. Advances in soft
robotics, coupled with the increasing need to
handle delicate items, have enabled rapid
progress in soft grippers. Unlike traditional
grippers that are made of rigid materials, these
end effectors are fabricated from soft and
flexible components. Earlier, most end effectors
were able to only manipulate objects of fixed
size and shape. However, industry requirements
are slowly shifting toward the use of components
that can grasp and manipulate a large variety of
objects. Due to the material softness of the
gripper arms, they can be used for sensitive
applications such as in the food beverage or
glass manufacturing industries that can handle
objects without damaging them. Fruits or
vegetables have varying sizes, making soft
grippers ideal due to their consistent clamping
force irrespective of slight differences in size
and shape. Soft grippers are mainly adopted by
the food beverage industry, one of the
fastest-growing clients for soft grippers. Hence,
the high penetration rate of automation in the
food beverage industry is expected to stimulate
the adoption of soft grippers in the next 4 to 5
years. Inquiry before buying https//www.markets
andmarkets.com/Enquiry_Before_BuyingNew.asp?id251
736819 Challenge Interoperability and
integration issues related to end effectors with
existing facilities. Interoperability is a very
important function in any factory or
manufacturing unit. There must exist a modular
framework for both hardware and software to
connect and coordinate various end effector
systems. The focus is not only on the software
side, which is used for programming, diagnosing,
and monitoring but also the interchangeability of
hardware between the end effector and robot arm.
There have been cases in the industry where a
client has bought a robot arm and an end effector
separately that were not fully compatible with
each other, and the setup was a huge challenge
from the onset.
4
Handling applications to be the largest for end
effectors throughout the forecast period. The
technology trends in end effectors for handling
applications fueled the market for handling
applications. The smart grippers can measure,
identify, and monitor the target object in real
time while handling them, whereas the 3D-oriented
grippers can handle workpieces in harsh
environments amid their constructions and
anti-corrosion properties. The continuous
developments in dexterous robotic hands (human
hand-shaped robotic hand with 3/4-fingers and
thumb design provides a degree of freedom for
better handling) further drive the end effector
market for handling applications. Request Free
Customization https//www.marketsandmarkets.com/r
equestCustomizationNew.asp?id251736819 Food
beverage industry is expected to register highest
CAGR during the forecast period The growth of
processed and packaged foods in developing
countries presents a huge opportunity for the
growth of end effectors. The food beverage
industry requires end effectors mainly for
handling applications as the end products are
edibles, and they need a precise system for
handling the workpieces that are delicate and
prone to spillage and damage very easily.
Increased automation and the introduction of soft
grippers and human-robot collaborative (HRC)
grippers in developing countries also contribute
to the projected growth. Increased automation
across various stages of the supply chain in the
food beverage industry is contributing to the
high growth.
5

• Asia Pacific to grow at highest CAGR during the
  forecast period.
• The robot end effector market in Asia Pacific has
  witnessed greater growth in the past 10 years
  than the fully grown markets in Europe and the
  Americas due to low production costs, easy access
  to  affordable labor, lenient emission and safety
  norms, and government initiatives for foreign
  direct investments (FDIs).
• Key Market Players
• The robot end effector market players have
  implemented various organic and inorganic growth
  strategies, such as product launches,
  collaborations, partnerships, and acquisitions,
  to strengthen their offerings in the market. The
  major players in the market are Schunk (Germany),
  Schmalz (Germany), Zimmer Group (Germany),
  Tünkers (Germany),cDestaco (US), Festo (Germany),
  ABB (Switzerland), ATI Industrial Automation
  (US), Piab AB (Sweden), and Robotiq (Canada).
• Recent Developments
• In October 2022, ABB (Switzerland) acquired
  Codian Robotics B.V. (Netherlands), which
  provided delta robots used for high-precision
  pick and place applications. With this
  acquisition, ABB is accelerating its engagement
  in the growing field of delta robots.
• In August 2022, Piab AB (Sweden) and AVAC
  Vakuumteknik AB (Sweden) strengthened their
  position as leading automation companies. AVAC
  complements Paib with a solid portfolio of
  products and solutions covering a wide range of
  applications and a highly skilled and experienced
  team, as well as many new customers to Piab.
• In November 2022, Schunk (Germany) developed an
  intelligent EGK gripper for small components for
  handling delegates and fragile workpieces. EGK
  offers maximum process safety in the handling
  process, ensuring a constant gripping force over
  the entire finger length and allowing permanent
  re-gripping.

6
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations early to the market
by providing them research ahead of the
curve. MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of markets.
7
Contact Us
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 For More
Info https//www.marketsandmarkets.com/PressRelea
ses/robot-end-effector.asp