Robot End-Effector Market

Zimmer Group (Germany) and SCHUNK (Germany) are the Major Players in the Robot End-Effector Market

The robot end-effector market is expected to grow from USD 2.6 billion in 2019 to USD 5.7 billion by 2024, at a CAGR of 16.9% during the forecast period. Growing demand for modular end-effectors owing to their capacity to accommodate and handle a large variety of objects as required is the key factor driving the growth of the robot end-effector market. The increasing adoption of collaborative robots (cobots) owing to their benefits and features is another driving factor for the market.

The robot end-effector market is moderately competitive owing to the presence of several regional and global players. Key strategies adopted by these players to enhance their product portfolios, increase their market share, and expand their presence in the market include product launches, partnerships, and collaborations. Many market players adopted product launches as a key business strategy. For instance, in October 2018, SCHUNK launched compact 24 V permanent magnetic gripper with an integrated electronic system, SCHUNK EMH. As the electronic system is completely installed inside the gripper, the whole assembly requires less space as compared to that of traditional systems. Apart from this, players have also adopted partnerships and collaborations strategies to grow their businesses. For instance, in December 2018, Sidener Engineering (US) was appointed as an authorized distributor for various DESTACO products in response to the growing demand for pneumatic and electromechanical products.

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Major players in the robot end-effector market include Zimmer Group (Germany), Schunk (Germany), Schmalz (US), Destaco (US), Robotiq (Canada), Applied Robotics (US), EMI Corp. (US), Festo (Germany), KUKA (Germany), and Soft Robotics (US). Apart from these, OnRobot (Denmark) and IPR (Germany) are few of the emerging companies in the robot end-effector market.

Zimmer Group (Germany), is an established company with years of experience in the automation business. Throughout history, the company has diversified itself into offering solutions to other industries such as damping and self-closing mechanisms for the furniture industry and manufacturing series production components from metal, plastic, and elastomers. Its in-house think-tank division “The Know-how Factory” reaches to more than 125 countries by leveraging its sales network. The company has actively participated in trade shows and symposiums such as AUTOMATICA and Industry 4.0. The company has also received awards for its design and distribution in the form of IF Design Award from Red Dot and Best Exhibitor & Top-ten supplier from AHTE/ATMS fair. Internships are offered to high-school and college students. Zimmer Group offers cutting-edge technologies coupled with an extensive network to clients.

SCHUNK (Germany), has a strong geographic footprint with 9 manufacturing plants, 34 directly owned subsidiaries, and distribution partners in more than 50 countries worldwide. The company was founded as a mechanical workshop at the time of foundation. However, it is one of the key players in the robot end-effector market now. The company has a strong clientele in various industries such as automotive, metal cutting, electronics, pharmaceutical, optical, and plastics. The company acts as a key gripper supplier for leading collaborative robot manufacturer, Universal Robots (Denmark). The company adopts product launches as its key business strategy to remain competitive in the market. For instance, In February 2019, the company launched an intelligent gripping system for integrated battery cell inspection.

Related Reports:

Robot End-Effector Market by Type (Welding Guns, Grippers, Suction Cups, Tool Changers), Applications (Handling, Assembly, Welding), Industry (Automotive, Electrical & Electronics, Food & Beverages, E-Commerce), and Geography - Global Forecast to 2024

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Report Code
SE 7064
RI Published ON
4/30/2019
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