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  • Robot End-Effector Market Growth Analysis | 2023-2029

    Robot End-Effector Market Growth Analysis | 2023-2029

    Robot End-Effector Market Growth Analysis | 2023-2029
    Report code - SR2444 Delivery - 2 Weeks
    Robot End-Effector Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis - See more...

    Market Insights

    The robot end-effector market was estimated at USD 2.97 billion in 2022 and is likely to grow at a CAGR of 14.8% during 2023-2029 to reach USD 7.79 billion in 2029.

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    What is a robot end-effector?

    A robot end-effector, also known as a robot tool or robot gripper, is the part of a robotic system that interacts with the environment, such as picking up and manipulating objects. It is typically located at the end of a robot arm and can be designed to perform a wide range of tasks, depending on the application.

    Robot end effectors can take many forms, including claws, fingers, suction cups, and magnets, and can be made from a variety of materials, such as metal, plastic, or rubber. The design of the end effector will depend on the specific application, such as the size and weight of the objects to be handled, and the environment in which the robot will operate.

    The selection and design of the end effector is critical to the performance of the robotic system, as it determines the robot's ability to interact with the environment effectively. As robotic technology continues to advance, so too will the capabilities of robot end effectors, enabling robots to perform increasingly complex tasks in a wide range of industries.

    Robot End-Effector Market Report Highlights

    Market Size in 2022

    USD 2.97 billion

    Market Size in 2029

    USD 7.79 billion

    Market Growth (2023-2029)

    14.8% CAGR

    Base Year of Study

    2022

    Trend Period

    2017-2021

    Forecast Period

    2023-2029

    Key Players

    The major players operating in the global market are:

    • Zimmer Group (Germany)
    • Schunk (Germany)
    • Festo (Germany)
    • Schmalz (Germany)
    • Destaco (US)
    • 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)
    • xEMI (US)
    • Millibar Robotics (US)
    • RAD (US)
    • JH Robotics (US)
    • Soft Robotics (US)
    • OnRobot (Denmark)
    • Wyzo (Switzerland)
    • Seed Robotics (Portugal)
    • Reliabotics (Canada)
    • Innovent Technologies (US)
    • SAKE Robotics (US)

    Market Dynamics

    Growing adoption of Cobot - As industries rapidly evolve, there is a growing need for collaborative end effectors. This trend is particularly evident in the consumer goods sector, specifically in packaging, where the packaging's shape, size, surface, or weight is constantly changing. Collaborative robots, or cobots, are systems that are specifically designed to work alongside humans in a shared workspace, in contrast to traditional industrial robots that operate autonomously.

    Although it was initially proposed and developed in 1994, collaborative robotics is a relatively recent concept that has only been put into practical use in the last decade. The market for collaborative robots is projected to experience a significant compound annual growth rate (CAGR) of over 40% from 2023 to 2029, with a presence in every major industry, including automotive, electrical and electronics, pharmaceuticals and cosmetics, and food and beverage. Currently, approximately 42 companies are involved in the development and marketing of this technology in various forms.

    Due to robust government backing for industry automation principles like Industry 4.0, Europe is predicted to have the biggest market share for these robots. Industrial tasks that can be accomplished with these robots include but are not restricted to pick and place, bin picking, assembly, polishing, deburring, machine tending, gluing, dispensing, and packaging. The need for collaborative robots has been driven by new requirements in manufacturing and material handling that assist floor workers across all industries.

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    Segment Analysis

    By Robot Type

    In 2022, the most prominent market share in terms of value and volume is expected to be held by the traditional type of industrial robots. This is due to their widespread usage in major industries where they carry heavy loads and are programmed to perform repetitive tasks continuously. The dominance of these robots can be attributed to their high adoption rates for heavy-duty applications in industries such as automotive, electrical and electronics, and metals and machinery.

    Traditional industrial robots are particularly well-suited for high-volume production and have played a crucial role in boosting productivity in these industries. Heavy-duty industries like automotive and metals & machinery are projected to see continued growth in Asia Pacific, which is expected to drive the end effector market for traditional industrial robots to have the highest CAGR during the forecast period.

    By Industry Type

    The automotive industry held the largest market size in the market in 2022, largely due to the widespread use of traditional heavy-duty robot end effectors in the industry for several decades. Within the automotive industry, there are various applications for end effectors, including welding, handling, and assembly. Among these applications, welding is particularly important for driving growth in the robot end-effector market for the industry.

    The automotive industry is anticipated to have the highest shipment in 2022 and is expected to maintain its position throughout the projected period, with a significant CAGR during the forecast period. The industry's large volume of production and assembly of various automotive components is the primary reason behind its highest number of robot end-effector shipments.

    Additionally, automotive companies are increasingly replacing their traditional robots with collaborative robots (cobots) to reduce operational time, which presents new opportunities for end-effector manufacturers specializing in human-robot collaboration (HRC). Consequently, the automotive industry is projected to hold the most substantial share of the robot end effector market in terms of both value and volume in 2022.

    Regional Insights

    Asia Pacific is projected to have a higher rate of adoption for robot end effectors, driven by government initiatives to attract foreign direct investments (FDIs), and is expected to hold the largest market share for the forecast period in terms of both value and volume.

    Increasing investment in automation by the automotive and electrical & electronics industries, particularly in countries like China, South Korea, and India, is anticipated to be the primary driver for the market in Asia Pacific. The electrical and electronics industry is the most significant contributor to the demand for robot end effectors, as there is a growing global demand for electronic products.

    Manufacturers are increasingly turning to automation to maintain their cost advantage due to rising labor costs. In China, the automotive industry primarily operates through joint ventures, and after years of steady growth, the market is gradually reaching maturity, with certain segments such as luxury vehicles continuing to expand.

    Another notable trend driving demand for robot end effectors in the region is the increasing adoption of collaborative robots in industries like wood and furniture and automotive. Consequently, with the rising demand for collaborative robots, there is expected to be robust growth for collaborative end effectors in Asia Pacific. As a result, the Asia Pacific region is projected to be a major center for research and development in the robot end effector market and applications.

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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The robot end-effector market is segmented into the following categories.

    By Type

    • Grippers
    • Welding Guns
    • Suction Cups
    • Tool Changers
    • Clamps

    By Application Type

    • Handling
    • Welding
    • Assembly
    • Processing
    • Dispensing

    By Robot Type

    • Traditional Industrial Robots
    • Collaborative Industrial Robots

    By Industry Type

    • Automotive
    • Electrical & Electronics
    • Metal & Machinery
    • Precision Engineering & Optics
    • Plastic, Rubber, & Chemical
    • E-Commerce
    • Food & Beverage
    • Pharmaceutical & Cosmetics

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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    Recent Developments

    • In January 2023, Robotiq launched PowerPick and Multipick, two new releases to respond to the rising use of palletizing robots.
    • In August 2022, GITAI USA Inc., launched the GITAI IN1 (Inchworm One), an inchworm-type robotic arm equipped with grapple end-effectors on both ends of the arm.
    • In April 2022, Piab unveiled a new piCOBOTL vacuum pump unit with a lifting capability of up to 16 kg.

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Robot End-Effector Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    A robot end effector, also known as a robot tool or robot gripper, is the part of a robotic system that interacts with the environment, such as picking up and manipulating objects. It is typically located at the end of a robot arm and can be designed to perform a wide range of tasks, depending on the application.

    The robot end-effector market was estimated at USD 2.97 billion in 2022.

    The robot end-effector market is likely to reach USD 7.79 billion in 2029.

    The robot end-effector market is expected to grow at a CAGR of 14.8% during 2023-2029.

    The major players operating in the market are Zimmer Group (Germany), Schunk (Germany), Festo (Germany), Schmalz (Germany), Destaco (US), Piab AB (Sweden), Tnkers (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), xEMI (US), Millibar Robotics (US), RAD (US), JH Robotics (US), Soft Robotics (US), OnRobot (Denmark), Wyzo (Switzerland), Seed Robotics (Portugal), Reliabotics (Canada), Innovent Technologies (US), SAKE Robotics (US).

    Asia Pacific is projected to have a higher rate of adoption for robot end effectors, driven by government initiatives to attract foreign direct investments (FDIs), and is expected to hold the largest market share for the forecast period in terms of both value and volume.