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Robot End Effector Market Driven by Automation in Manufacturing and Growth of Co

The robot end-effector market will grow significantly due to its various applications in several industries, such as automotive, electrical & electronics, food & beverage, and pharmaceutical. Various key players in the market adopt different strategies such as acquisitions, product launches, collaborations, and partnerships to grow in the robot end effector market.<br><br>

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Robot End Effector Market Driven by Automation in Manufacturing and Growth of Co

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  1. MarketsandMarkets Presents Robot End Effector Market Driven by Automation in Manufacturing and Growth of Collaborative Robots Robot End Effector Market by Type (Grippers, Welding Guns, Tool Changer, Clamps, Suction Cups, Deburring, Soldering, Milling, & Painting Tools), Robot Type (Traditional, Collaborative), Application, Industry & Region - Forecast to 2028 https://www.marketsandmarkets.com/Market-Reports/robot-end-effector-market-251736819.html

  2. The global robot end effector market is expected to grow from USD 2.3 billion in 2023 to USD 4.3 billion by 2028, registering a CAGR of 13.5%. Growing demand for modular end effectors, increasing adoption of cobots, penetration of automation in SMEs, and increasing adoption in the warehousing, pharmaceutical, and food industry are the main drivers for the growth of the robot end effector market. Browse 187 market data Tables and 57 Figures spread through 270 Pages and in-depth TOC on "Robot End Effector Market by Type (Grippers, Welding Guns, Tool Changer, Clamps, Suction Cups, Deburring, Soldering, Milling, & Painting Tools), Robot Type (Traditional, Collaborative), Application, Industry & Region - Forecast to 2028"

  3. Opportunity: Advancement in robotics has surged the demand for soft grippers. Advances in soft robotics, coupled with the increasing need to handle delicate items, have enabled rapid progress in soft grippers. Unlike traditional grippers that are made of rigid materials, these end effectors are fabricated from soft and flexible components. Earlier, most end effectors were able to only manipulate objects of fixed size and shape. However, industry requirements are slowly shifting toward the use of components that can grasp and manipulate a large variety of objects. Due to the material softness of the gripper arms, they can be used for sensitive applications such as in the food & beverage or glass manufacturing industries that can handle objects without damaging them. Fruits or vegetables have varying sizes, making soft grippers ideal due to their consistent clamping force irrespective of slight differences in size and shape. Soft grippers are mainly adopted by the food & beverage industry, one of the fastest-growing clients for soft grippers. Hence, the high penetration rate of automation in the food & beverage industry is expected to stimulate the adoption of soft grippers in the next 4 to 5 years. Inquiry before buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=251736819 Challenge: Interoperability and integration issues related to end effectors with existing facilities. Interoperability is a very important function in any factory or manufacturing unit. There must exist a modular framework for both hardware and software to connect and coordinate various end effector systems. The focus is not only on the software side, which is used for programming, diagnosing, and monitoring but also the interchangeability of hardware between the end effector and robot arm. There have been cases in the industry where a client has bought a robot arm and an end effector separately that were not fully compatible with each other, and the setup was a huge challenge from the onset.

  4. Handling applications to be the largest for end effectors throughout the forecast period. The technology trends in end effectors for handling applications fueled the market for handling applications. The smart grippers can measure, identify, and monitor the target object in real time while handling them, whereas the 3D-oriented grippers can handle workpieces in harsh environments amid their constructions and anti-corrosion properties. The continuous developments in dexterous robotic hands (human hand-shaped robotic hand with 3/4-fingers and thumb design provides a degree of freedom for better handling) further drive the end effector market for handling applications. Request Free Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=251736819 Food & beverage industry is expected to register highest CAGR during the forecast period The growth of processed and packaged foods in developing countries presents a huge opportunity for the growth of end effectors. The food & beverage industry requires end effectors mainly for handling applications as the end products are edibles, and they need a precise system for handling the workpieces that are delicate and prone to spillage and damage very easily. Increased automation and the introduction of soft grippers and human-robot collaborative (HRC) grippers in developing countries also contribute to the projected growth. Increased automation across various stages of the supply chain in the food & beverage industry is contributing to the high growth.

  5. Asia Pacific to grow at highest CAGR during the forecast period. • The robot end effector market in Asia Pacific has witnessed greater growth in the past 10 years than the fully grown markets in Europe and the Americas due to low production costs, easy access to  affordable labor, lenient emission and safety norms, and government initiatives for foreign direct investments (FDIs). • Key Market Players • The robot end effector market players have implemented various organic and inorganic growth strategies, such as product launches, collaborations, partnerships, and acquisitions, to strengthen their offerings in the market. The major players in the market are Schunk (Germany), Schmalz (Germany), Zimmer Group (Germany), Tünkers (Germany),cDestaco (US), Festo (Germany), ABB (Switzerland), ATI Industrial Automation (US), Piab AB (Sweden), and Robotiq (Canada). • Recent Developments: • In October 2022, ABB (Switzerland) acquired Codian Robotics B.V. (Netherlands), which provided delta robots used for high-precision pick and place applications. With this acquisition, ABB is accelerating its engagement in the growing field of delta robots. • In August 2022, Piab AB (Sweden) and AVAC Vakuumteknik AB (Sweden) strengthened their position as leading automation companies. AVAC complements Paib with a solid portfolio of products and solutions covering a wide range of applications and a highly skilled and experienced team, as well as many new customers to Piab. • In November 2022, Schunk (Germany) developed an intelligent EGK gripper for small components for handling delegates and fragile workpieces. EGK offers maximum process safety in the handling process, ensuring a constant gripping force over the entire finger length and allowing permanent re-gripping.

  6. 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 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 markets.

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