The Cobot End Effector Market size was valued at USD 819.6 million in 2020 and is predicted to reach USD 2.66 billion by 2030 with a CAGR of 12.8% from 2021-2030.
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.
Access Full Description of this report at:-
https://www.nextmsc.com/report/cobot-end-effector-market
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. For instance, in February 2021, ABB Ltd launched GoFa and SWIFTI collaborative robots that offer higher payload and speed to complement its YuMi series, with an aim to accelerate its effort to provide factory automation in high-growth segments, including electronics, health, consumer products, logistics and food & beverages. Also, in February 2021, Destaco launched TC1 Manual tool changing device which can be used for picking & placing and loading & unloading applications. The tool provides seamless integration for fast tool change operation, thereby expanding the flexibility of cobots.
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.
Request sample copy of this report at:-
https://www.nextmsc.com/cobot-end-effector-market/request-sample
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.
KEY MARKET SEGMENTS:
- Cobot End Effector Market- by Type:
- Grippers
- Mechanical Grippers
- Electrical Grippers
- Suction Cups
- Processing tools
- Others
- Milling Tools
- Soldering Tools
- Dispensing Tools
- Rest of All
- Grippers
- Cobot End Effector Market- by Application:
- Handling
- Pick & Place
- Packing & Palletizing
- Unloading
- Assembling & Disassembling
- Screwdriving
- Nut Fastening
- Welding & Soldering
- Dispensing
- Gluing
- Painting
- Processing
- Grinding
- Milling
- Cutting
- Other Applications
- Inspection & Quality Testing
- Die-Casting & Molding
- Handling
- Cobot End Effector Market- by End User Industry:
- Automotive
- Electronics
- Metal & Machining
- Plastics & Polymers
- Food & Beverages
- Furniture & Equipment
- Healthcare
- Other Industries
- Cobot End Effector Market- by Geography:
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- APAC
- China
- Japan
- India
- Australia
- South Korea
- Taiwan
- Vietnam
- Rest of Asia-Pacific
- RoW
- Latin America
- Middle East
- Africa
- North America
Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com
About Next Move Strategy Consulting:
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
For more insights, please visit, https://www.nextmsc.com
