The automotive sector holds over 35% of the robot end-effector market share as deploying robots’ aids in increasing the work output as compared to manual labor. Furthermore, changing trends, such as the development of energy-efficient drive systems and electric vehicles, are further causing consumers to replace their existing vehicles with modernized vehicles. Furthermore, there is a high rate of competition amongst market players causing them to seek automation to meet the consumer demand. In addition, the demand for these systems is growing across the pharmaceuticals and food & beverages industry, where the quality and precision of the ingredients play a major role.
Escalating automation in the world is likely to offer traction to robot end-effector market in the times to come. Growing adoption of robots and robotic techniques in several sectors is going to push the growth graph of the robot end-effector industry. For instance, Piab has introduced a new vacuum-driven soft gripper piSOFTGRIP® in the food sector. The silicone gripper allows the food sector to develop automated food handling to include a wider range of products. Unpackaged, delicate, and fresh food items can be handled without risk of being spoiled due to crushing.Some of the major factors influencing robot end-effector market trends are as follows. Increasing robot density and sales to augment robot end-effector market growth by 2025:
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The demand of robots has been accelerating across the world consequently increasing growth of robot end-effector market with expanding sales and supply. The latest average of global robot density is around 74 robot units per 10,000 employees in the manufacturing sector. In 2017, robot sales increased by 30% to 381,335 units. Robot sales in the automotive sector increased by 22% and the automotive sector remained the major customer of industrial robots with a share of 33% of the total supply in 2017.
The proliferation of Industry 4.0 provides major growth opportunities to manufacturers operating in the robot end-effector market. Organizations such as Comau have worked in line with Industry 4.0 by the creation of collaborative robots called AURA (Advanced Use Robotic Arm) which contains a layer of sensors beneath a protective foam that can detect human movement. However, a major portion of the technologies are still under research as companies are investing heavily in R&D activities to make their technology smarter and more aligned to the demands of the consumers.
The demand for smart automation is in a strong demand in the U.S., which will further propel the industry growth in the region. Many companies are offering automated solutions in the commercial sector at a decreased cost and enhanced productivity. The U.S. and the EU are ramping up their manufacturing sector by automating their plants to reduce labor cost and widen the profit margins driving robot end-effector market growth.
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European countries are working towards the development of more advanced collaborative robots which are specially designed to work with the industry workforce. Collaborative robots are currently being used for many operations and are mostly used to carry out heavy-duty jobs such as palletizing and moving equipment and raw materials. China is one of the major markets as the total number of robot shipments reached 135,000 in 2018, which accounted for over 40% of the global shipments. The cost of deploying a robot in China is USD 2-USD 3 per hour, which is much lower than the average cost of labor in China.
Glimpse of Table of Content (ToC)
Chapter 4. Robot End-Effector Market, By Product (Revenue, Shipment)
4.1. Key trends by product
4.2.1. Market estimates and forecast, 2015 – 2025
4.3. Suction cups
4.3.1. Market estimates and forecast, 2015 – 2025
4.4. Tool changers
4.4.1. Market estimates and forecast, 2015 – 2025
4.5. Welding guns
4.5.1. Market estimates and forecast, 2015 – 2025
4.6.1. Market estimates and forecast, 2015 – 2025
Chapter 5. Robot End-Effector Market, By Application (Revenue, Shipment)
5.1. Key trends by application
5.2.1. Market estimates and forecast, 2015 – 2025
5.3. Material Handling
5.3.1. Market estimates and forecast, 2015 – 2025
5.4.1. Market estimates and forecast, 2015 – 2025
5.5.1. Market estimates and forecast, 2015 – 2025
5.6.1. Market estimates and forecast, 2015 – 2025
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