Robot End-Effector- Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Robot End-Effector Market is accounted for $2.64 billion in 2019 and is expected to reach $10.55 billion by 2027 growing at a CAGR of 18.9% during the forecast period. Growing demand for modular end effectors, increasing adoption of collaborative robots and rise in additive manufacturing is driving the market growth. However, high cost of deployment of industrial robots for SMEs is hampering the growth of the market.
Robot end effector refers to devices at the end of a robotic arm designed to interact with the environment. These may be grippers, material removal tools, or tool changers, and others. The robot end effector is applicable to meet the material handling challenges. The device varies depending upon the application of the robot.
Based on the application, the assembly segment is going to have high growth during the forecast period because assembly robots are largely used to increase the production capabilities in manufacturing companies as these robots significantly increase consistency and speed of the production lines. By geography, Asia Pacific is going to have high growth during the forecast period due to the continued increasing industrialization, rising labor cost of the consumer electronics in the region and deployment of a large number of robots in countries such as South Korea, China, Japan, and others.
Some of the key players profiled in the Robot End-Effector Market include KUKA AG, ABB Ltd., ATI Industrial Automation, EMI Corp., Festo Group, FIPA Inc., Schmalz Inc., SMC Corporation, Soft Robotics, Zimmer Group, DESTACO (Dover Corporation), J. Schmalz GmbH, Piab AB, Robotiq Inc. and SCHUNK GmbH & Co. KG.
End Users Covered:
• Electrical and Electronics
• Precision Engineering and Optics
• Plastics, Rubber, and Chemicals
• Pharmaceuticals and Cosmetics
• Metals and Machinery
• Food & Beverage
• Other End Users
• Material Handling
• Other Applications
• Welding Torch
• Tool Changers
• Suction Cups
• Other Types
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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