Global Robot End-Effectors Market to Reach $12.5 Billion by 2030
The global market for Robot End-Effectors estimated at US$3.8 Billion in the year 2023, is expected to reach US$12.5 Billion by 2030, growing at a CAGR of 18.7% over the analysis period 2023-2030. Grippers, one of the segments analyzed in the report, is expected to record a 20.4% CAGR and reach US$4.5 Billion by the end of the analysis period. Growth in the Welding Guns segment is estimated at 19% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 17.7% CAGR
The Robot End-Effectors market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2030 trailing a CAGR of 17.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.8% and 15.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR.
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