Submit Press Release GroupWeb News Network Africa Alabama Alaska Arizona Arkansas Asia California China Colorada Connecticut Washington DC Delaware Florida France Georgia Germany Ghana Hawaii Idaho Illinois India Indiana Iowa Italy Japan Kansas Kentucky Korea Lousiana Main MaryLand Massachusetts Michigan Minnesota Mississippi Misouri Motana Nebraska Nevad New Hampshire New Jersey New Mexico New York Nigeria North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island Rhode Island Russia South Africa South Carolina South Dakota Spain Tennessee Texas UK Utah Vermont Virginia Washington Weather West Virginia Wisconsin

Home | Search Global IT News: IT News & Press Release Distribution: Robot End Effector Market estimated to be worth $4.4 billion by 2026   (IT-NEWSWIRE.COM, October 13, 2021 ) The report "Robot End Effector Market with COVID-19 Impact Analysis, by Type (Electric Grippers, Vacuum Cups, Tool Changers), Robot Type, Application (Handling, Assembly, Processing), Industry (Food & Beverage, E-Commerce), and Region - Global Forecast to 2026" The robot end effector market is projected to grow from USD 1.9 billion in 2021 to USD 4.4 billion by 2026; it is expected to grow at a CAGR of 18.8% from 2021 to 2026. Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251736819 The robot end effector market is projected to grow from USD 1.9 billion in 2021 to USD 4.4 billion by 2026; it is expected to grow at a CAGR of 18.8% during the forecast period. Owing to COVID-19, the robot end effector market is estimated to face headwinds for 2021–2022. Steady deployment of robots in manufacturing industries is facilitating the growth for robot end effectors. With the growing demand and adoption of collaborative robots, the demand for collaborative end effectors is also increasing. This scenario is observed in the consumer goods industry, specifically packaging, where the shape, size, surface, or weight of the packaging is constantly changing. Meanwhile, 3D printed end effectors are gaining more presence across the industry. With the use of proper materials, end effectors manufactured using 3D printing are more flexible and strong enough for their intended purpose. Introduction of programmable end effectors and, research and ongoing developments in soft grippers and vacuum technology for suction cups and grippers for industries with special needs such as food and beverages, and pharmaceuticals and cosmetics (subjected to delicate workpieces and careful handling) expected to provide market opportunities for robot end effectors. Market for grippers is projected to have the highest share during the forecast period Grippers are estimated to account for the largest market share throughout the forecast period, in terms of value. The market for grippers is largely driven by its handling and assembly application in a wide range of workpieces considering their various shapes and size. Various types of grippers namely, electric, magnetic, and mechanical grippers are designed for different types of handling and assembly applications based on the industry and operational environment. Hence, grippers are used from heavy industries (automotive, metals and machinery) to non-heavy industries (food and beverages, pharmaceuticals and cosmetics) as well as in service industries (healthcare and cleaning), which broadens its scope. For instance, the magnetic grippers are exclusively used to handle ferromagnetic materials and are especially useful in gripping objects with holes or nets. The electrical grippers are fully programable and hence have more state of operations and are ideal for applications that need high speed and moderate gripping force. Whereas mechanical grippers are considered the best fit for handling single component forms, which means they are not suitable for a facility that produces a lot of low volume/high mix pieces. This gripper style also has the limited force and position power, and it operates with compressed air. Market for processing application to grow at highest CAGR during the forecast period The market for processing applications, in terms of value, is projected to grow at the highest CAGR during the forecast period. Penetration of automation in SMEs and increase in adoption of end effector devices for carrying out applications such as polishing, buffing, punching, and grinding are the main drivers for this growth. The automotive, precision engineering and optics, and metals and machinery industries are projected to account for the largest market share for processing applications throughout the forecast period. The growth is driven by rising automation in this industry for various applications such as grinding, milling, deburring, and polishing processes. New developments are taking place for software driven end effectors for processing application. For instance, polishing tools with in-built programming are in high demand due to their ease of use and quick switching applications. Hence, the market for processing application is expected to grow at a faster rate during the forecast period. Market in APAC estimated to grow at the fastest rate during the forecast period APAC is expected to adopt robot end effectors at a fast rate driven by increasing investment in automation by automotive, and electrical & electronics companies, especially in countries such as China, South Korea, and India. This region is considered a major manufacturing hub in the world, which is expected to provide ample growth opportunities to the end effector market. The end effector market in APAC is expected to witness higher growth than the matured markets in Europe and North America due to low production costs, lenient emission and safety norms, and government initiatives for foreign direct investments (FDIs). Additionally, technological advancements in the field of robotics made by the regional players further provide opportunities for introducing robot end effectors for SMEs in the food and beverage industry. Also, the increasing adoption of collaborative robots in industries such as wood and furniture and automotive is another key trend, which has fueled the demand for robot end effectors in the region. Therefore, with the increasing demand for collaborative robots, strong growth for collaborative end effectors is expected in APAC. Hence, it is expected that APAC will dominate the market of robot end effectors during the forecast period. Major vendors in the robot end effector market include Zimmer Group (Germany), Schunk (Germany), Schmalz (Germany), Destaco (US), and Festo (Germany), 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), JH Robotics (US), EMI (US), Millibar Robotics (US), RAD (US), Soft Robotics (US), OnRobot (Denmark), and Wyzo (Switzerland). Apart from these, Seed Robotics (Portugal), Reliabotics (Canada), SAKE Robotics (US), and Innovent Technologies (US) are among a few emerging companies in the robot end effector market. 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/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s 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 niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 MarketsandMarkets™ Mr. Aashish Mehra 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

Information Technology Resources Application Software Bioinformatics Computers Computer Games Enterprise Software Graphics/Printing/CAD Hardware/Peripheral industrial Computers Information Internet Multimedia Networking Public Sector Robotics Semiconductor Software Telecommunications Webmaster Information Technology (IT) Advertisement Information Technology Sponsors Information Technology Publications We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Information Technology resource center today to browse our selection of 600+ complimentary Information Technology magazines, white papers, webinars, podcasts, and more. Get popular titles including: The Integration Journey—a Field Guide to Enterprise Integration for SOA Government Technology\'s Public CIO Protecting Content During Business Disruption: Are You Covered? No credit cards, coupons, or promo codes required. Try it today!