Product Code: SE 7064
"Robot end-effector market projected to grow at a CAGR of 16.9% during 2019-2024"
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. Due to the fast-changing nature of industries today, demand for modular end-effectors is 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. This shortens the life-cycle of an end-effector to 1 to 2 years and thereby increases the cost of replacement for the company. Modular end effectors have the capability to accommodate and handle a large variety of objects as required. Hence, growing demand for modular end-effectors is one of the key factors driving the market growth. However, high cost of deployment of industrial robots for SMEs or low volume production acts as a key restraining factor for the market growth.
"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. Due to their programmable nature, they can be calibrated for the use of 3 fingers or more and can be fitted with different fingertips.
"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. Hence, the increasing rate of adoption of industrial robots in the processing industries for handling applications is a key factor fueling the market.
"APAC to dominate the robot end-effector market during forecast period"
APAC is expected to dominate the robot end-effector market during 2019-2024. Increasing investment in automation by the automotive, and electrical and electronics players, especially in countries such as China, South Korea, and India, is expected to be the key driver for the market in APAC. Also, the increasing adoption of collaborative modular robots by manufacturers has elevated the demand for modular robotics in APAC.
In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in the robot end-effector marketspace.
The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
- By Designation: C-level Executives - 40%, Directors - 20%, and Others - 40%
- By Region: APAC - 40%, Europe - 30%, North America - 25%, and RoW - 5%
The report profiles key players in the robot end-effector market with their respective market ranking analysis. Prominent players profiled in this report 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), Tunkers (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).
Research Coverage:
This research report categorizes the global robot end-effector market on the basis of type, application, industry, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the robot end-effector market and forecasts the same till 2024. Apart from these, the report also consists analysis of impact of Porter's five forces on the robot end-effector ecosystem. It also includes life cycle analysis of the robot end-effector industry and pricing information about the various end-effectors.
Key Benefits of Buying the Report:
The report would help leaders/new entrants in this market in the following ways:
- 1. This report segments the robot end-effector market comprehensively and provides the closest market size projection for all subsegments across different regions.
- 2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
- 3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.
TABLE OF CONTENTS
1 INTRODUCTION
- 1.1 STUDY OBJECTIVES
- 1.2 DEFINITION
- 1.3 STUDY SCOPE
- 1.4 CURRENCY
- 1.5 STAKEHOLDERS
2 RESEARCH METHODOLOGY
- 2.1 RESEARCH DATA
- 2.1.1 SECONDARY DATA
- 2.1.1.1 Key data from secondary sources
- 2.1.2 PRIMARY DATA
- 2.1.2.1 Key data from primary sources
- 2.1.2.2 Breakdown of primaries
- 2.1.3 SECONDARY AND PRIMARY RESEARCH
- 2.1.3.1 Key industry insights
- 2.2 MARKET SIZE ESTIMATION
- 2.2.1 BOTTOM-UP APPROACH
- 2.2.2 TOP-DOWN APPROACH
- 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
- 2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
- 2.4.1 ASSUMPTIONS
- 2.4.2 LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
- 4.1 ATTRACTIVE MARKET OPPORTUNITIES IN ROBOT END-EFFECTOR MARKET
- 4.2 ROBOT END-EFFECTOR MARKET, BY TYPE
- 4.3 ROBOT END-EFFECTOR MARKET, BY APPLICATION
- 4.4 ROBOT END-EFFECTOR MARKET IN APAC, BY INDUSTRY VS BY COUNTRY/REGION
- 4.5 ROBOT END-EFFECTOR MARKET, BY INDUSTRY
- 4.6 ROBOT END-EFFECTOR MARKET, BY COUNTRY
5 MARKET OVERVIEW
- 5.1 INTRODUCTION
- 5.2 MARKET DYNAMICS
- 5.2.1 DRIVERS
- 5.2.1.1 Growing demand for modular end effectors
- 5.2.1.2 Increasing adoption of collaborative robots (cobots) owing to their benefits and features
- 5.2.2 RESTRAINTS
- 5.2.2.1 High cost of deployment of industrial robots for SMEs
- 5.2.3 OPPORTUNITIES
- 5.2.3.1 Increasing adoption of soft grippers
- 5.2.3.2 Increasing use of additive manufacturing
- 5.2.3.3 Growing demand for electric grippers
- 5.2.4 CHALLENGES
- 5.2.4.1 Interoperability issues and difficulty in integration of different robotic framework with existing facilities
- 5.3 VALUE CHAIN ANALYSIS
6 INDUSTRY TRENDS
- 6.1 INTRODUCTION
- 6.2 ROBOT END-EFFECTOR INDUSTRY LIFE CYCLE
- 6.3 PORTER'S FIVE FORCES ANALYSIS
- 6.3.1 THREAT OF NEW ENTRANTS
- 6.3.2 THREAT OF SUBSTITUTES
- 6.3.3 BARGAINING POWER OF BUYERS
- 6.3.4 BARGAINING POWER OF SUPPLIERS
- 6.3.5 DEGREE OF COMPETITION
- 6.4 TECHNOLOGY TRENDS
- 6.5 PRICING INFORMATION OF EOATS
7 ROBOT END-EFFECTOR MARKET, BY TYPE
- 7.1 INTRODUCTION
- 7.2 WELDING GUNS
- 7.2.1 IN TERMS OF VOLUME, WELDING GUNS HELD LARGEST SHARE OF ROBOT END-EFFECTOR MARKET IN 2018
- 7.3 GRIPPERS
- 7.3.1 MECHANICAL GRIPPERS ARE STRONGEST AMONG ALL TYPE OF GRIPPERS
- 7.3.2 ELECTRIC GRIPPERS ARE FULLY PROGRAMMABLE AND HENCE HAVE MORE STATES OF OPERATION THAN MECHANICAL AND MAGNETIC GRIPPERS
- 7.3.3 MAGNETIC GRIPPERS ARE EXCLUSIVELY USED TO HANDLE FERROMAGNETIC MATERIALS
- 7.4 TOOL CHANGERS
- 7.4.1 TOOL CHANGERS ARE ADOPTED IN APPLICATIONS WHERE SINGLE ROBOTIC ARM HAS TO PERFORM MULTIPLE FUNCTIONS
- 7.5 CLAMPS
- 7.5.1 CLAMPS ARE MORE ECONOMICAL AND PORTABLE FOR SHORT RUN JOBS COMPARED TO GRIPPERS
- 7.6 SUCTION CUPS
- 7.6.1 VACUUM GRIPPERS WORK BEST FOR OBJECTS THAT ARE SMOOTH, CLEAN, FLAT, AND NON-POROUS
- 7.7 OTHERS
- 7.7.1 DEBURRING TOOLS ARE DESIGNED TO REMOVE SMALL QUANTITIES OF MATERIAL
- 7.7.2 MILLING TOOLS ARE DESIGNED TO REMOVE LARGE QUANTITIES OF MATERIAL
- 7.7.3 SOLDERING TOOLS ARE OFTEN USED TO SOLDER HARD TO REACH PLACES
- 7.7.4 RELEASE OF COMBUSTIBLE GASES SUCH AS VOLATILE ORGANIC COMPOUNDS (VOC) IS MAIN CONCERN TO USE PAINTING TOOLS
8 ROBOT END-EFFECTOR MARKET, BY APPLICATION
- 8.1 INTRODUCTION
- 8.2 HANDLING
- 8.2.1 HANDLING MAINLY INCLUDES TASKS SUCH AS PELLETIZING, PACKING, PICKING, AND UNLOADING
- 8.3 ASSEMBLY
- 8.3.1 REQUIREMENT FOR ACCURACY IN ASSEMBLY OPERATION IS MUCH HIGHER COMPARED TO HANDLING APPLICATION
- 8.3.2 SCREWDRIVERS CAN BE VERY USEFUL FOR PRESSURE SENSITIVE APPLICATIONS
- 8.4 WELDING
- 8.4.1 WELDING IS MOST POPULAR APPLICATION OF END-EFFECTORS
- 8.5 DISPENSING
- 8.5.1 ELECTRONICS HARDWARE AND CHIP MANUFACTURERS REQUIRE HIGHLY PRECISE ADHESIVE GLUE DISPENSERS
- 8.5.2 UP-TO 30% SAVINGS CAN BE EXPECTED WHEN MANUAL PAINTERS ARE REPLACED BY AUTOMATED SPRAY PAINTERS
- 8.6 PROCESSING
- 8.6.1 FINELY SANDED GRINDERS CAN BE USED FOR POLISHING SURFACES
- 8.6.2 EXPECTED TOLERANCE OF MILLER WITH RESPECT TO ACCURACY IS EXPECTED TO BE AROUND 0.4 MM
- 8.7 OTHERS (CUTTING AND SOLDERING)
- 8.7.1 SELECTION OF CUTTING PROCESS IS PURELY APPLICATION SPECIFIC
- 8.7.2 WIRING AND METAL WORKS ARE TRADITIONAL APPLICATIONS OF INDUSTRIAL SOLDERING
9 ROBOT END-EFFECTOR MARKET, BY INDUSTRY
- 9.1 INTRODUCTION
- 9.2 AUTOMOTIVE
- 9.2.1 AUTOMOTIVE INDUSTRY HELD LARGEST SHARE OF ROBOT END-EFFECTOR MARKET IN 2018
- 9.3 ELECTRICAL AND ELECTRONICS
- 9.3.1 HANDLING APPLICATION HELD LARGEST SHARE OF ROBOT END-EFFECTOR MARKET FOR ELECTRICAL AND ELECTRONICS INDUSTRY IN 2018
- 9.4 METALS AND MACHINERY
- 9.4.1 WELDING APPLICATION HELD LARGEST SHARE OF ROBOT END-EFFECTOR MARKET FOR METALS AND MACHINERY INDUSTRY IN 2018
- 9.5 PLASTICS, RUBBER, AND CHEMICALS
- 9.5.1 END-EFFECTORS SHOULD BE ABLE TO PROPERLY HANDLE CORROSIVE, EXPLOSIVE, OR RADIOACTIVE MATERIALS
- 9.6 FOOD & BEVERAGES
- 9.6.1 SOFT GRIPPERS TO DRIVE MARKET FOR FOOD & BEVERAGES INDUSTRY DURING FORECAST PERIOD
- 9.7 PRECISION ENGINEERING AND OPTICS
- 9.7.1 PROCESSING APPLICATION TO FUEL GROWTH OF ROBOT END-EFFECTOR MARKET FOR PRECISION ENGINEERING AND OPTICS INDUSTRY DURING FORECAST PERIOD
- 9.8 PHARMACEUTICALS AND COSMETICS
- 9.8.1 MOST COMMON APPLICATIONS FOR END-EFFECTORS ARE TRADITIONAL END-OF-LINE PACKAGING, PICK-AND-PLACE, AND SORTING
- 9.9 E-COMMERCE
- 9.9.1 PICK-AND-PLACE AND SORTING ARE THE MOST COMMON OPERATIONS IN E-COMMERCE INDUSTRY
- 9.10 OTHERS
10 GEOGRAPHIC ANALYSIS
- 10.1 INTRODUCTION
- 10.2 NORTH AMERICA
- 10.2.1 US
- 10.2.1.1 US held the second-largest share of total robot end-effector market in 2018
- 10.2.2 CANADA
- 10.2.2.1 Manufacturing sector in Canada has been key adopter of industrial robots
- 10.2.3 MEXICO
- 10.2.3.1 Consistent adoption of industrial robots by the automotive industry drives market in Mexico
- 10.3 EUROPE
- 10.3.1 GERMANY
- 10.3.1.1 Rise of electric vehicles to drive robot end-effector market in Germany
- 10.3.2 ITALY
- 10.3.2.1 Partnerships between industrial robot manufacturers and technology providers to drive market in Italy
- 10.3.3 FRANCE
- 10.3.3.1 Government incentives for electric vehicles is expected to boost the robot end-effector market in France
- 10.3.4 SPAIN
- 10.3.4.1 Increasing adoption of robots in processing industries in Spain is expected to fuel the growth of the market in the country
- 10.3.5 UK
- 10.3.5.1 Political instability hinders market in the UK
- 10.3.6 REST OF EUROPE
- 10.4 APAC
- 10.4.1 CHINA
- 10.4.1.1 Automotive and Electrical and electronics industry drives market in China
- 10.4.2 SOUTH KOREA
- 10.4.2.1 Domestic automotive manufacturers have moved their production to other countries which hampers the market for robot end-effectors
- 10.4.3 JAPAN
- 10.4.3.1 High export of sensors and displays to drive robot end-effector market in Japan during forecast period
- 10.4.4 TAIWAN
- 10.4.4.1 Electrical and electronics industry drives market in Taiwan
- 10.4.5 INDIA
- 10.4.5.1 Warehousing and packaging automation create growth opportunity for market in India
- 10.4.6 REST OF APAC
- 10.5 ROW
- 10.5.1 MIDDLE EAST AND AFRICA
- 10.5.1.1 Growing rate of adoption of automation services drives market in Middle East and Africa
- 10.5.2 SOUTH AMERICA
- 10.5.2.1 Adoption of automation in automotive industry to fuel growth of robot end-effector market in South America
11 COMPETITIVE LANDSCAPE
- 11.1 OVERVIEW
- 11.2 MARKET RANKING ANALYSIS: ROBOT END-EFFECTOR MARKET, 2018
- 11.3 COMPETITIVE LEADERSHIP MAPPING
- 11.3.1 VISIONARY LEADERS
- 11.3.2 DYNAMIC DIFFERENTIATORS
- 11.3.3 INNOVATORS
- 11.3.4 EMERGING COMPANIES
- 11.4 STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS)
- 11.5 BUSINESS STRATEGY EXCELLENCE (25 PLAYERS)
- 11.6 COMPETITIVE SITUATIONS AND TRENDS
- 11.6.1 PRODUCT LAUNCHES
- 11.6.2 PARTNERSHIPS AND COLLABORATIONS
- 11.6.3 EXPANSIONS
- 11.6.4 ACQUISITIONS
- 11.6.5 CONTRACTS AND AGREEMENTS
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
- 12.1 KEY PLAYERS
- 12.1.1 ABB
- 12.1.2 SCHUNK
- 12.1.3 FESTO
- 12.1.4 ATI INDUSTRIAL AUTOMATION
- 12.1.5 PIAB AB
- 12.1.6 KUKA
- 12.1.7 ROBOTIQ
- 12.1.8 TUNKERS
- 12.1.9 ZIMMER GROUP
- 12.1.10 SCHMALZ
- 12.1.11 DESTACO
- 12.1.12 APPLIED ROBOTICS
- 12.2 OTHER KEY PLAYERS
- 12.2.1 JH ROBOTICS INC
- 12.2.2 EMI CORP.
- 12.2.3 SOFT ROBOTICS, INC.
- 12.2.4 WEISS ROBOTICS
- 12.2.5 IAI
- 12.2.6 BASTIAN SOLUTIONS, INC.
- 12.2.7 FIPA
- 12.2.8 IPR
- 12.2.9 SMC
- 12.2.10 RAD
Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
13 APPENDIX
- 13.1 DISCUSSION GUIDE
- 13.2 KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
- 13.3 AVAILABLE CUSTOMIZATIONS
- 13.4 RELATED REPORTS
- 13.5 AUTHOR DETAILS
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