Europe Robot End-Effector Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Welding Guns, Clamps, Grippers, Suction Cups, Tool Changers, and Others), Application (Handling, Assembly, Welding, Processing, Dispensing, and Others), and

Europe Robot End-Effector Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Welding Guns, Clamps, Grippers, Suction Cups, Tool Changers, and Others), Application (Handling, Assembly, Welding, Processing, Dispensing, and Others), and Industry (Automotive, Metals and Machinery, Electrical and Electronics, Food and Beverages, and Others)

The Europe robot end-effector market is expected to reach US$ 2,533.11 million by 2028 from US$ 874.69 million in 2021. It is estimated to register a CAGR of 16.4% from 2021 to 2028. As per the IFR, the region’s most automated country is Germany, which ranks third in the world with 309 robot units. In 2016, the yearly supply and the operational stock of industrial robots accounted for 36% and 41%, respectively, of total robot sales in the region. From 2018 to 2020, the yearly supply in Germany increased by ~5% on average per year due to the snowballing demand for robots in various industries, especially automotive. In addition, in 2019, the IFR stated that the UK lagged in terms of robot installations compared to other economies. To stay competitive in the market, the organizations in the country are highly adopting Cobots since they are cost-effective and cost the same as an average employee’s annual salary. Robots enable workers to surge their productivity in the workplace and raise their safety, allowing for faster production and greater throughput. Thus, the high deployment of robots is boosting the demand for robot end-effectors in Europe. In the region, automotive is one of the largest industries. Germany holds the lion’s share, owing to the presence of automotive giants. The industry is active in deploying a large number of robots, followed by the electronics sector. Hence, the demand for robots in these industries is likely to be high.

Due to the COVID-19 outbreak, Russia, the UK, France, Italy, Spain, and Germany are some of the worst affected member states in the European region. Businesses in the region faced severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2020 and, most likely, in 2021. In Germany, the automotive and electronics industries are affected due to this pandemic. Additionally, major automotive plants were temporarily closed, which decreased shipments, increasing the need for robot end-effectors. These factors are expected to directly impact the robot end-effector market in European countries over the forecast period. Russia, Italy, Germany, the UK, and France robot end-effector markets are anticipated to decrease until mid-2021.

Based on application, the Europe robot end-effector market is segmented into handling, assembly, welding, processing, dispensing, and others. The welding segment is expected to register the highest CAGR during the forecast period. Robot welding is commonly used for resistance spot welding and arc welding in high production applications, such as the automotive industry. Robot welding is a relatively new application of robotics. Welding guns/torches have become efficient end-effectors that can be controlled sophisticatedly for optimized welding. Moreover, the development of automated arc welding solutions continues to be driven by the requirement for higher product quality, productivity, and reduced costs.

The Europe robot end-effector market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the market. The process also serves the purpose of obtaining an overview and forecast of the Europe robot end-effector market with respect to all the segments. Moreover, multiple primary interviews have been conducted with industry participants to validate data and gain more analytical insights into the topic. The participants involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the Europe robot end-effector market. The key companies operating in the market include ABB Ltd.; Destaco (Dover Corporation); Festo SE & Co. KG; J. Schmalz GmbH; Kuka AG; Piab AB; Robotiq Inc.; Schunk GmbH & Co. KG and Zimmer Group.

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