DUBLIN, Feb. 7, 2023 /PRNewswire/ — The “Cobot End Effector Market, by Type, by Application, and End User Industry – Global Opportunity Analysis and Industry Forecast 2023-2030” report has been added to ResearchAndMarkets.com’s offering.
The Cobot End Effector Market size was valued at USD 898.0 million in 2023 and is predicted to reach USD 2.66 billion by 2030 with a CAGR of 12.8% from 2023-2030.
The cobot end effector is a type of equipment installed at the end of the collaborative robotic arm. It is that part of the cobot, which interacts with the environment and accomplishes a given task. They are actuated hydraulically, electrically, mechanically or pneumatically, and are available in different sizes and shapes. There are various types of end effectors such as grippers, force-torque sensors, material removal tools, welding torches, collision sensors, and tool changers. They are widely used in tasks such as pick, move and place dry or prepreg reinforcements. Also, they used to meet industrial process requirements such as painting, welding, inspection, assembly, and machine tending among others.
Market Dynamics and Trends:
The prime factor fueling the growth of cobot end effector market is the adoption of collaborative robots in heavy and non-heavy industries owing to the increasing popularity of industry automation principles like Industry 4.0. Collaborative robots possess huge potential in industries as they can interact directly and safely with humans in a shared work place certified according to the ISO / TS 15066 standard. Also, cobots provide high return on investments (ROI), and benefits to companies of all sizes in terms of overall competitiveness, productivity and product quality.
The end effectors of current times are becoming smarter and more potent as machine learning software coupled with various safety features are increasingly being integrated within the End-of-Arm Tooling (EOAT). Also, development of machine vision provides them the ability to adapt to changing environments. Such higher level of technological sophistication, along with the rise in automation across various industries to carry out activities faster have led to increased demand for cobot end effectors market.
However, cost of collaborative robots fitted with end effectors and their installation charges are very high. Also, interoperability issues, like the difficulty of integrating different cobot frameworks with existing facilities is expected to limit the cobot end effector market growth during the forecast period. On the other hand, the advancement and development of HRC (Human Machine Collaboration) grippers is expected to provide lucrative opportunities for the market players in the coming years.
Market Segmentations and Scope of the Study:
The cobot end effector market is segmented on the basis of type, application, robot type, industry, and geography. Based on type, the market is segmented into grippers, suction cups, processing tools and others. On the basis of application, the market is divided into handling, assembling & disassembling, welding & soldering, dispensing, processing and other applications. Based on end user industry, the market is segmented into automotive, electronics, metal & machining, plastics & polymers, food & beverages, furniture & equipment, healthcare and other industries. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia Pacific, and Rest of the World.
Geographical Analysis:
Asia Pacific is expected to witness the highest growth in the cobot end effector market. This is attributed to factors such as rising investment in manufacturing industries and growing adoption of collaborative robots in the automotive, electronics, and other sectors with the purpose to increase efficiency, productivity, and profitability. Also, rapid industrialization and modernization across the region is another prime factor driving the cobot end effector market growth in this region.
However, in 2020, due to the increasing demand for collaborative robots in the United States and Canada, North America held a considerable market share in the global cobot end-effector market and is expected to continue dominating the market for several years. In recent times, industrial automation has been widely adopted in this region due to its numerous advantages, such as reduction in labour costs, enhancement in the quality of products, improvement in overall productivity and consistency among others. Also, the rapid digital transformation in the United States promotes the use of cobot end effectors in various fields, which in turn is propelling the market growth in this region.
Competitive Landscape :
Lucrative growth opportunities make the cobot end effector market extremely competitive. Some of the major players in the market are ABB, Destaco, Kuka Ag, Millibar, Inc., Piab Ab, Robotiq, Schmalz, Toyota Industries Corporation, Weiss Robotics Gmbh & Co. Kg, and Zimmer Group. Strategic alliances, acquisitions and innovations along with various R&D activities are key strategies adopted by the market players to maintain their dominance in the market.
Key Topics Covered:
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1 Secondary Research
1.2.2 Data Analysis Framework
1.2.3 Market Size Estimation
1.2.4 Forecasting
1.2.5 Primary Research and Data Validation
2. Market Snapshot, 2019-2030 Million Usd
2.1. Market Snapshot
3. Porter’s Five Force Model Analysis
4. Market Dynamics
4.1. Growth Drivers
4.1.1 Driver 1
4.1.2 Driver 2
4.1.3 Driver 3
4.1.4 Driver 4
4.2. Challenges
4.2.1 Challenge 1
4.2.2 Challenge 2
4.3. Opportunities
4.3.1 Opportunity 1
4.3.2 Opportunity 2
5. Global Cobot End Effector Market, by Type
5.1. Overview
5.2. Grippers
5.2.1 Global Grippers Market, by Type
5.2.1.1 Mechanical Grippers Market, by Region
5.2.1.1.1 North America Mechanical Grippers Market, by Country
5.2.1.1.2 Europe Mechanical Grippers Market, by Country
5.2.1.1.3 Asia-Pacific Mechanical Grippers Market, by Country
5.2.1.1.4 Rest of World Mechanical Grippers Market, by Country
5.2.1.2 Electrical Grippers Market, by Region
5.2.1.2.1 North America Electrical Grippers Market, by Country
5.2.1.2.2 Europe Electrical Grippers Market, by Country
5.2.1.2.3 Asia-Pacific Electrical Grippers Market, by Country
5.2.1.2.4 Rest of World Electrical Grippers Market, by Country
5.2.2 Grippers Market, by Region
5.2.2.1 North America Grippers Market, by Country
5.2.2.2 Europe Grippers Market, by Country
5.2.2.3 Asia-Pacific Grippers Market, by Country
5.2.2.4 Rest of World Grippers Market, by Country
5.3. Suction Cups
5.3.1 Suction Cups Market, by Region
5.3.1.1 North America Suction Cups Market, by Country
5.3.1.2 Europe Suction Cups Market, by Country
5.3.1.3 Asia-Pacific Suction Cups Market, by Country
5.3.1.4 Rest of World Suction Cups Market, by Country
5.4. Processing Tools
5.4.1 Processing Tools Market, by Region
5.4.1.1 North America Processing Tools Market, by Country
5.4.1.2 Europe Processing Tools Market, by Country
5.4.1.3 Asia-Pacific Processing Tools Market, by Country
5.4.1.4 Rest of World Processing Tools Market, by Country
5.5. Others
5.5.1 Global Others Market, by Type
5.5.1.1 Milling Tools Market, by Region
5.5.1.1.1 North America Milling Tools Market, by Country
5.5.1.1.2 Europe Milling Tools Market, by Country
5.5.1.1.3 Asia-Pacific Milling Tools Market, by Country
5.5.1.1.4 Rest of World Milling Tools Market, by Country
5.5.1.2 Soldering Tools Market, by Region
5.5.1.2.1 North America Soldering Tools Market, by Country
5.5.1.2.2 Europe Soldering Tools Market, by Country
5.5.1.2.3 Asia-Pacific Soldering Tools Market, by Country
5.5.1.2.4 Rest of World Soldering Tools Market, by Country
5.5.1.3 Dispensing Tools Market, by Region
5.5.1.3.1 North America Dispensing Tools Market, by Country
5.5.1.3.2 Europe Dispensing Tools Market, by Country
5.5.1.3.3 Asia-Pacific Dispensing Tools Market, by Country
5.5.1.3.4 Rest of World Dispensing Tools Market, by Country
5.5.1.4 Rest of All Market, by Region
5.5.1.4.1 North America Rest of All Market, by Country
5.5.1.4.2 Europe Rest of All Market, by Country
5.5.1.4.3 Asia-Pacific Rest of All Market, by Country
5.5.1.4.4 Rest of World Rest of All Market, by Country
5.5.2 Others Market, by Region
5.5.2.1 North America Others Market, by Country
5.5.2.2 Europe Others Market, by Country
5.5.2.3 Asia-Pacific Others Market, by Country
5.5.2.4 Rest of World Others Market, by Country
6. Global Cobot End Effector Market, by Application
6.1. Overview
6.2. Handling
6.3. Assembling & Disassembling
6.4. Welding & Soldering
6.5. Dispensing
6.6. Processing
7. Global Cobot End Effector Market, by End-user Industry
7.1. Overview
7.2. Automotive
7.3. Electronics
7.4. Metal & Machining
7.5. Plastics & Polymers
7.6. Food & Beverages
7.7. Furniture & Equipment
7.8. Healthcare
7.9. Other Industries
8. Global Cobot End Effector Market, by Region
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/8rn7uh
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