According to the research literature titled ‘Robot End-Effector Market Size, By Product (Welding Guns, Grippers, Tool Changers, Suction Cups), By Application, By End-Use (Automotive, Metals & Machinery, Plastics, Food & Beverage, Electrical & Electronics), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report, global robot end-effector market is expected to reach a valuation of USD 6.5 billion by the of the end of the forecast period 2019-2025.
 

As per the research findings, introduction of industry 4.0 technologies in the manufacturing industry, including cloud robotics, cyber-physical systems, IoT, and big data, is fueling the growth of global robot end-effector market.
 

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Moreover, rising deployment of collaborative robots, declining cost of sensors, increasing adoption of robots in logistics industry, and growing R&D investments in robotics are adding considerable traction to the industry progression.
 

Based on application scope, automotive segment accounts for over 35% of global robot end-effector market share. Increased output in comparison to manual robot is one the prime reasons encouraging the adoption of robots in the automotive sector. Moreover, emergence of energy-efficient drive systems and electric vehicles has augmented the consumer interest towards modernized vehicles. This factor coupled with intensifying competition in this space has prompted automakers to deploy automation solutions to fulfill the growing demand.
 

Considering the geographical outlook, U.S. is expected to contribute significantly to North America robot end-effector market in the upcoming years, creditable to escalating demand for smart automation solutions, and availability of these products in the commercial sector at a lower cost.
 

Meanwhile, Europe market is largely driven by ongoing development of advanced collaborative robots specifically designed for the industrial workforce. Also, Asia Pacific industry growth is set to boom with China as the prime contributor. In fact, robot shipments in the nation reached 135,000 in 2018, accounting for over 40% of global total. This can be ascribed to low deployment cost of robot ranging between USD 2- USD 3 per hour, far lower than average labor cost in country.   
 

Top tier-players in global robot end-effector market sphere are Weiss Robotics GmbH & Co. KG, Staubli International AG, Soft Robotics Inc., SMC Corporation of America, Schunk GmbH & Co. KG, Schmalz, Sake Robotics, Robotiq Inc., Robot System Products, RAD, Piab AB, OnRobot A/S, Kuka Robotics, Fipa, Destaco, Bastian Solutions Inc., ATI Industrial Automation, Applied Robotics Inc., and Ltd.