Robot End-Effector Market Analysis | 2023-2029

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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Market Dynamics

Introduction

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 determine 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.

Market Drivers

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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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)

Note: The above list does not necessarily include all the top players in the market.

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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 the 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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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 strategic assessment report from Stratview Research provides a comprehensive analysis that reflects robot end-effector market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• 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 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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

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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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.

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