What are the drivers and opportunities for the robot end effector market?

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MarketsandMarkets Presents

What are the drivers and opportunities for the
robot end effector market? Robot End-Effector
Market by Type (Welding Guns, Grippers, Suction
Cups, Tool Changers), Applications (Handling,
Assembly, Welding), Industry (Automotive,
Electrical Electronics, Food Beverages,
E-Commerce), and Geography - Global Forecast to
2024 https//www.marketsandmarkets.com/Market-Rep
orts/robot-end-effector-market-251736819.html
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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. Due to the fast-changing nature
of industries today, demand for modular
end-effectors is increasing. Hence, growing
demand for modular end-effectors is one of the
key factors driving the growth of the robot
end-effector market. Another driver for the robot
end-effector market includes increasing adoption
of collaborative robots (Cobots) owing to their
benefits and features. Browse 69 market data
Tables and 49 Figures spread through 170 Pages
and in-depth TOC on "Robot End-Effector Market -
Global Forecast to 2024"
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In terms of volume, welding guns to hold largest
share of the robot end-effector market in
2019 The welding gun or welding torch is the most
widely used robot end-effector in the industry.
The use of welding guns, especially in the
automotive sector, followed closely by the
electrical and electronics industry, has helped
welding guns retain the top spot with respect to
the overall volume commissioned globally. As long
as there is a thriving market for automobiles,
welding guns will continue to see widespread use.
Hence, the high rate of adoption of welding guns
in the automotive industry is the key factor
fuelling the growth of the robot end-effector
market for welding guns. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id251736819 Handling application
to dominate robot end-effector market during
forecast period Material handling is automated
using end-effectors in 3 cases lifting heavy
objects, performing redundant and unsafe tasks on
the factory floor, and improving speed and
precision of handling various objects or
instruments. 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. The
increasing adoption of these end-effectors for
handling tasks such as pelletizing, packing,
picking, and unloading in the electrical and
electronics industry is the key factor
contributing to the growth of the robot
end-effector market for handling application.  
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APAC to hold largest share of the robot
end-effector market in 2019 APAC is expected to
hold the largest share of the robot end-effector
market in 2019 and is projected to dominate the
market during the forecast period. Increasing
investment in automation by automotive and
electrical electronics companies, 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 robots in industries such as wood
and furniture, and metal and machinery is another
key trend, which has fuelled the demand for robot
end-effectors in APAC.
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Browse in-depth TOC on "Robot End-Effector
Market" 69 Tables 49 Figures 170
Pages Request More Details on https//www.market
sandmarkets.com/Enquiry_Before_BuyingNew.asp?id25
1736819 Major players in the robot
end-effector market include Zimmer Group
(Germany), Schunk (Germany), Schmalz (US),
Destaco (US), Robotiq (Canada), Applied Robotics
(US), EMI Corp. (US), Festo (Germany), KUKA
(Germany), and Soft Robotics (US). Apart from
these, OnRobot (Denmark) and IPR (Germany) are
few of the emerging companies in the robot
end-effector market.
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