Selbyville, Delaware. The Robot End-Effector market research report highlights the key trends and the factors driving the industry as well as those hindering it. Moreover, it boasts of accurate data pertaining the future growth model of this domain by referencing the past and present business landscape. Further, the document offers a broader perspective by defining the size and shares of the market and its segments, unveiling the top revenue prospects in the process.
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The automotive sector holds over 35% of the robot end-effector market share as deploying robots? aids in increasing the work output as compared to manual labor. Furthermore, changing trends, such as the development of energy-efficient drive systems and electric vehicles, are further causing consumers to replace their existing vehicles with modernized vehicles. Furthermore, there is a high rate of competition amongst market players causing them to seek automation to meet the consumer demand. In addition, the demand for these systems is growing across the pharmaceuticals and food & beverages industry, where the quality and precision of the ingredients play a major role. For instance, KUKA AG?s palletizing robots are used by Corona Beer for stacking crates. Robotic applications in the pharmaceutical sector, for instance, has the added benefit of being able to work in sterile environments without the potential for contamination from human or the environment during the component transfer.
The proliferation of Industry 4.0 provides major growth opportunities to manufacturers operating in the robot end-effector market. Organizations such as Comau have worked in line with Industry 4.0 by the creation of collaborative robots called AURA (Advanced Use Robotic Arm) which contains a layer of sensors beneath a protective foam that can detect human movement. However, a major portion of the technologies are still under research as companies are investing heavily in R&D activities to make their technology smarter and more aligned to the demands of the consumers.
Robot End-Effector Market is expected to exceed USD 6.5 billion by 2025. The advent of industry 4.0 in manufacturing industry which includes the inclusion of technological trends such as cloud robotics, automation, cyber-physical systems, big data, and IoT is driving the demand for advanced end-effectors. The usage of these advanced technologies is anticipated to drive up production, improve efficiency, by transfer computational and decision-making powers to robotics systems. Factors such as growing deployment of collaborative robots, increasing implementation of robots in the logistics industry for pick & place operations, decreasing cost of sensors etc. is augmenting the robot end-effector market growth.
The demand for smart automation is in a strong demand in the U.S., which will further propel the industry growth in the region. Many companies are offering automated solutions in the commercial sector at a decreased cost and enhanced productivity. The U.S. and the EU are ramping up their manufacturing sector by automating their plants to reduce labor cost and widen the profit margins driving robot end-effector market growth. European countries are working towards the development of more advanced collaborative robots which are specially designed to work with the industry workforce. Collaborative robots are currently being used for many operations and are mostly used to carry out heavy-duty jobs such as palletizing and moving equipment and raw materials. China is one of the major markets as the total number of robot shipments reached 135,000 in 2018, which accounted for over 40% of the global shipments. The cost of deploying a robot in China is USD 2-USD 3 per hour, which is much lower than the average cost of labor in China.
Global Robot End-Effector Market: Drivers and Restraints: This section of the Robot End-Effector Market Analysis report we are covering various drivers and restraints that have affected the global Robot End-Effector market. The complete study of plentiful drivers of the market enables market professionals to get a clear viewpoint of the Robot End-Effector market share, which consists of Robot End-Effector industry environment, advancement market, product innovations, latest developments, and Robot End-Effector market risks.
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Major Highlights from Table of contents are listed below for quick lookup into Robot End-Effector Market report
Chapter 1. Methodology and Scope
- Definitions & forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2. Executive Summary
- Business trends of Robot End-Effector Market
- Product trends
- Application trends
Chapter 3. Robot End-Effector Industry Insights
- Robot End-Effector Market Industry segmentation
- Industry landscape
- Analysis of Manufacturers in the Robot End-Effector industry
- Distribution channel analysis
- End-use landscape
- Vendor matrix
- Robot End-Effector Market Technology & innovation landscape
- Industry impact forces
- Robot End-Effector Market Growth drivers
- Industry pitfalls & challenges
- Key trends by Segments
Chapter 4. Company Profiles
- Business Overview of Robot End-Effector Market Companies
- Financial Data
- Product Landscape
- Strategic Outlook and Decisive Analysis of companies in Robot End-Effector Market
- SWOT Analysis
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