Robot End-Effector Global Market Report 2024

The global robot end-effector market has grown rapidly in recent years. It will grow from $4.34 billion in 2023 to $5.10 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. During the historic period, growth can be attributed to several factors including the global expansion of manufacturing, heightened emphasis on precision and accuracy in production processes, increased demands within the automotive industry, rising labor costs prompting automation, a focus on designing lightweight and compact solutions, as well as an increased emphasis on safety measures.

The global robot end-effector market is expected to see rapid growth in the next few years. It will grow to $9.97 billion in 2028 at a compound annual growth rate (CAGR) of 18.2%. Anticipated growth in the forecast period is expected to stem from various factors, including the expansion of e-commerce and logistics industries, advancements in material handling technologies, the advent of Industry 4.0 technologies, the growing integration of robotics within healthcare, and an increased emphasis on sustainability measures. Major trends projected for the forecast period encompass the integration of sensing and vision systems into operations, a heightened focus on customization within manufacturing processes, the rise of AI and machine learning applications, advancements in soft robotics technologies, and the integration of magnetic and adhesive technologies.

The robotics end-effector market is poised for growth, driven by the increasing demand for collaborative robots designed to work safely alongside human workers. Collaborative robots are expected to constitute 34% of overall robot sales by the end of 2025, with a record high of 31,325 units sold in 2021. This surge in demand, particularly in the consumer industry, indicates a trend towards the integration of collaborative robots, fostering a shared and collaborative workspace with human workers. This growth trajectory is anticipated to contribute to the expansion of the robotics end-effector market.

In tandem with the rising demand for collaborative robots, the automotive industry is set to propel the growth of the robotics end-effector market. The automotive sector, encompassing activities from design to manufacturing and sales, is increasingly adopting robotics end-effectors to enhance precision, safety, and productivity. In 2022, global motor vehicle production reached 85.4 million units, reflecting a substantial 5.7% increase from the previous year. This trend is indicative of the industry's recognition of the benefits offered by robotics end-effectors in optimizing production processes, ensuring cost savings, and improving overall efficiency.

A key trend in the robotics end-effector market is the focus on product innovations by major industry players. Companies operating in this market are actively developing new solutions, such as Piab's piSoftGrip range, a soft gripper for industrial robots introduced in January 2021. This innovative product is designed to automate processes in the food and chocolate industry, offering a vacuum-based soft gripper capable of handling sensitive and lightweight objects with odd geometries or unusual surfaces. The gripper, consisting of two gripping fingers and a sealed vacuum cavity, provides a simple and robust solution that is not sensitive to dust, allowing for precise control of gripping force through adjustable vacuum levels. Such product innovations contribute to the competitive positioning of companies in the evolving robotics end-effector market.

Leading companies in the robotics end-effector market are strategically emphasizing the development of innovative products, with a particular focus on advanced solutions like vacuum grippers. A vacuum gripper serves as a versatile end effector that employs suction for the manipulation and handling of objects in automation and robotics applications. This technology eliminates the need for physical contact and demonstrates adaptability across a diverse range of materials. In January 2023, Robotiq Inc., based in Canada, unveiled its PowerPick and MultiPick offerings. PowerPick, specifically designed for palletizing applications, exhibits remarkable flexibility in handling various box sizes, shapes, weights, and packing materials. With the capability to lift substantial cases up to 11.5 kg (25 lbs.) and offering 46 handling options, it eliminates the necessity for specialized grippers, enhancing operational efficiency. Additionally, PowerPick facilitates diverse palletizing patterns with increased flexibility and supports label orientation. MultiPick, a software function, enables a UR cobot to simultaneously pick up multiple boxes, contributing to accelerated throughput at the end of the line and enhancing overall payload capabilities.

In a strategic move in August 2021, Novanta, a US-based company specializing in precision photonics and motion control components, acquired ATI Industrial Automation for a substantial upfront cash amount of $172 million. This acquisition is anticipated to have a positive impact on Novanta's free cash flow and non-GAAP earnings per share on an annual basis. ATI Industrial Automation, a US-based entity operating in the realm of robot end-effectors, aligns with Novanta's strategic objectives in advancing precision technologies and expanding its market presence.

Major companies operating in the robot end-effector market report are ABB Ltd., DESTACO a Dover Company, KUKA Aktiengesellschaft, Piab AB, Robotiq Inc., Zimmer Group Holding GmbH, SCHUNK GmbH & Co. KG, Schmalz GmbH, Millibar Inc., Festo AG & Co. KG, Weiss Robotics GmbH & Co. KG, TÜNKERS Maschinenbau GmbH, Soft Robotics Inc., JH Robotics Inc., TSD Manufacturing Inc., Bastian Solutions Inc., ATI Industrial Automation, Applied Robotics Inc., EMI Corp., FIPA GmbH, Grabit Inc., Intelligente Peripherien für Roboter GmbH, Mecademic Inc., Motion Controls Robotics Inc., New Scale Robotics Inc., OnRobot A/S, PHD Inc., Robot System Products AB, Robot Tooling & Automation Australia Pty Ltd., Robotunits GmbH

Asia-Pacific was the largest region in the robotics end-effector market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the robot end-effector market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the robot end-effector market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of robot end-effectors encompass grippers, welding guns, clamps, suction cups, tool changers, and other variants. Welding guns are portable devices utilized for semi-automatic welding of parts across different articles. Robot types include traditional industrial robots and collaborative robots. These end-effectors find diverse applications in handling, welding, assembly, processing, dispensing, and various other tasks. They are utilized across industries such as automotive, electrical and electronics, metals and machinery, food and beverages, among others.

This report provides robot end-effector market statistics, including robot end-effector industry global market size, regional shares, competitors with a robot end-effector market share, detailed robot end-effector market segments, market trends and opportunities, and any further data you may need to thrive in the robot end-effector industry. This robot end-effector market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The robot end-effector market consists of sales of two-fingered grippers, sensors, process tools. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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