Robot End-Effector Market Size
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:
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.
Over 3 million industrial robots are estimated to be in use in factories throughout the world by 2020. As industrialization across the globe expands and more robots are deployed, robot end-effector market is anticipated to reap the benefits of such transformative trends.
Rising uses of robots in household chores and entertainment will give rise to the revenue share of robot end-effector market:
Call for assistant robots in routine life is progressing rapidly and helping robot end-effector market to grow. The number of domestic household robots has been expected to rise to 31 million between 2016-2019 globally. The advancements are empowering substantially capable end-effectors like five-finger humanoid robot hand to assist in domestic works. The sales value of robots that trim lawns, clean swimming pools, and floors, is expected to grow to about $13 billion in the coming period. In the upcoming years, floor and vacuum cleaning robots will continue to garner a lion’s share of units sold for household works. Sales of such robots will rise from 3.6 million to almost 30 million units within 2016-2019. Floor and vacuum cleaning robots account for 96% of domestic robot sales.
In entertainment, the overall number of remote-controlled multi-media robots, personal edutainment robots, and toy robots amounted to 1.7 million units in 2015. These robots are forecast to grow to 11 million units between 2016-2019. Hobby and toy robots account for 70% of the share in entertainment segment.
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Such huge contributions by domestic and entertainment robots are going to help robot end-effector market to gain traction over 2019-2025.
Europe to emerge as a major regional contender in robot end-effector market:
Europe is predicted to be one of the top regions in the robot end-effector industry with the region’s inclination towards automation technologies in manufacturing. The region is observing the surging use of robots in agriculture, logistics, underwater, automotive, and other applications. Its most automated country is Germany, ranking third globally with 309 units of robots.
In 2016, in Europe, out of total of robot sales, the operational stock and annual supply of industrial robots had a share of 41% and 36% respectively. Robot investments have notably increased by 19% to 7,700 units in Italy. The French robot sector was up by 16% at around 4,900 units. In Spain, sales of industrial robots further increased to a new peak of 4,200 units.
Europe currently accounts for almost 32% of the global robot sector surging the revenue growth of robot end-effector industry. The region is anticipated to register similar growth patterns in the times to come.
Increasing automation in automotive sector to push growth graph of robot end-effector market:
Robots and robotic techniques have been playing an essential role in making automotive plants competitive. In recent years, more than half of industrial robots purchased in North America were bought by automakers. Out of the total demand for industrial robots, around 55% was generated by the auto sector alone. One fourth units of these are installed by car manufacturers. The automotive sector can be credited for 56% of all industrial robotics orders in North America and 35 percent of all new robotic sales globally in 2016.
For instance, ABB, a key the robot end-effector manufacturer, has reportedly entered into a deal with SAIC Volkswagen to offer robotics painting solutions for the latest New Energy Vehicle (NEV) factory. The factory is first large automated painting project offered by ABB for SAIC Volkswagen. The company will install around 300 robots to offer sealing and painting solutions on three automated painting production lines.
Automations being done by the robot end-effector manufacturers in various sectors will fulfil the demand of robot end-effectors in the market. Major contribution of Europe is also going to highly support robot end-effector industry. According to the estimates by Global Market Insights Inc., robot end-effector market size is anticipated to surpass $6.5 billion by 2025.
Author Name : Anchal Solanki
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