Huge Opportunities for Robot End-Effector Market in the Next Five Years

Posted October 28, 2020 by ctom7000

The robot end effector market for the food & beverages industry is expected to have the highest growth compared to other industries during the forecast period

The modularity ensures that the grippers do not have to be changed from time to time, thereby reducing the cost of redesigning and downtime associated with its change and replacement; hence, the growing demand for modular end-effectors is the key factor driving the growth of the market. The increasing adoption of collaborative robots (cobots) owing to their benefits and features is another factor driving the market growth.

The robot end-effector market is expected to grow from USD 2.6 billion in 2019 to USD 5.7 billion by 2024, at a CAGR of 16.9% during the forecast period.

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Recent Developments

In February 2019, SCHUNK launched intelligent gripping system for integrated battery cell inspection. The new intelligent gripper enables flexible handling, identification, and inspection of Li-ion cells, in a single compact module.
In January 2019, Festo launched adaptive shape gripper, DHEF. The silicone cap of the gripper can fold itself over and grip objects of any shape. This creates a firm and form-fitting hold. This unique and innovative product is expected to help the company to differentiate itself from the other players in the market.
In January 2019, Robotiq announced the opening of its first European office in Lyon, France to better coordinate with its European distributors and partners.

Key Market Players

Major companies in the robot end-effector market are Zimmer Group (Germany), Schunk (Germany), Schmalz (US), Destaco (US), Robotiq (Canada), Applied Robotics (US), EMI Corp. (US), Festo (Germany), KUKA (Germany), Soft Robotics (US), Tünkers (Germany), ATI Industrial Automation (US), ABB (Switzerland), Weiss Robotics (Germany), Piab AB (Sweden), KUKA (Germany), FIPA (Germany), SMC (Japan), IPR (Germany), IAI (Japan), JH Robotics (US), Bastian Solutions (US), and RAD (US).

Robot end-effector market for handling application to grow at the highest CAGR during the forecast period

Material handling is mainly used for pelletizing, packing, picking, and unloading. End-effectors that handle dangerous goods have to be highly redundant to power outages and blackout. Similarly, end-effectors used in the food industry have to be certified as “food grade.” Increasing use of various grippers and palletizers in various industries such as electrical and electronics; metals and machinery; and food & beverages is the primary reason for handling applications registering the highest growth in the market.

Robot end-effector market for food & beverages industry to grow at a significant CAGR during 2019–2024

Owing to ununiformed shape, size, weight, and texture of the products, automation in the food & beverages industry is comparatively different than other industries. In the food & beverages industry, robot end-effectors are required to maintain a high degree of sanitation. Food grade stainless steel and plastics must be used to avoid any contamination due to microbiological traps or water stagnation. Increasing automation across various stages of the supply chain in the food & beverages industry is contributing to the significant growth.

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Robot end-effector market in APAC is expected to grow at highest CAGR during forecast period

The electrical and electronics industry in APAC is the most important driver for robot end-effectors owing to rising demand for electronic products around the world. Components such as computer chips, battery, and displays that are small and sensitive need to be handled with high speed and high precision. In the developing APAC countries, the food and packaging industry has not yet reached maturity, which represents an opportunity for the growth of the market. Large e-retailers are also expected to use end-effectors for warehousing on a large scale in the following years. Hence, APAC will continue to have the highest growth rate and market share compared to other regions during the forecast period.
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Issued By Tom
Country United Kingdom
Categories Electronics , Technology
Tags Robot End-Effector Market
Last Updated October 28, 2020