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Robot End-Effector Market share, size 2019 global growth, new updates, trends, opportunities, industry expansion, challenges and forecasts till 2024

A fresh report titled on “Robot End-Effector Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements.

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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. This report spread across 170 pages, profiling 11 companies and supported with 69 tables and 49 figures is now available in this research.

Topmost Outstanding Market Players:

  • 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)
  • RAD (US)

 

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“Robot end-effector market for grippers to grow at highest CAGR during forecast period”

Until 2017, welding guns dominated the robot-effector market. However, from 2018 onward, grippers have the largest share owing to the growing popularity of electric grippers, collaborative grippers, soft grippers, and customized grippers and is expected to continue this trend carrying forward. The advantage of the electric gripper is that they are fully programmable which enables them to have partially open and partially closed states. When programmed intelligently around the states of operation, they can reduce cycle time by a considerable amount.

 

“Market for handling application to grow at a significant CAGR from 2019 to 2024”

Handling tasks mainly include pick and place, sorting, packaging, and palletizing. The grippers and suction cups are the best choices for performing these tasks. Suction cups or vacuum grippers have the largest share of use in this application due to their advantage of handling random objects with less change in its configuration. They are preferred due to their low cost and modularity. Various processing industries such as plastics, rubber, and chemicals; pharmaceutical and cosmetics; and e-commerce have now started adopting robots on a large scale for performing repetitive tasks with highest possible accuracy.

 

Competitive Landscape of Robot End-Effector Market:

1 Overview

2 Market Ranking Analysis: Robot End-Effector Market, 2018

3 Competitive Leadership Mapping

3.1 Visionary Leaders

3.2 Dynamic Differentiators

3.3 Innovators

3.4 Emerging Companies

4 Strength of Product Portfolio (25 Players)

5 Business Strategy Excellence (25 Players)

6 Competitive Situations and Trends

6.1 Product Launches

6.2 Partnerships and Collaborations

6.3 Expansions

6.4 Acquisitions

6.5 Contracts and Agreements

 

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