Middle East and Africa 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 Middle East and Africa robot end-effector market is expected to reach US$ 355.66 million by 2028 from US$ 160.84 million in 2021. It is estimated to register a CAGR of 12.0% from 2021 to 2028. The region is expected to witness a rapid increase in commercialization and industrialization, further boosting the growth of various sectors. Gulf countries are economically developed, while African countries are yet to match up to the economic conditions of these countries. The industrial robotics market in the region is in its infant stage. However, the uptake of industrial robots is anticipated to increase with time, as the region comprises several oil & gas refineries. Further, the manufacturing sector in the Middle East is flourishing, and the governments are taking significant steps to encourage homegrown manufacturing. For instance, Dubai has established one of the biggest industrial centers for attracting new manufacturers. The UAE’s Department of Economic Development has stated that the manufacturing sector is gaining pace and accounting for ~80% of the country’s trade that does not include oil, hence, representing the manufacturing sector as one of the biggest contributors to the country’s economy.
Turkey, Iran, and South Africa have faced the highest number of COVID-19 cases among the MEA countries. Other leading countries facing the economic impact of COVID-19 include Iraq, Israel, Morocco, Saudi Arabia, and the UAE. The region comprises many growing economies such as UAE and Saudi Arabia, which are prospective markets for robot end-effector providers due to the massive presence of a diverse customer base for the automotive and electronics industries. The COVID-19 pandemic would have significant effects on economies. The region has been negatively impacted as there is already pressure on the economy of various oil-based countries due to falling oil prices.
In addition to this, the factory lockdowns, business shutdowns, and travel bans are further aggravating the economic problems of the countries in the region. Hence, the estimated decline in the Middle East and Africa’s economic condition and impact of COVID-19 on the growth of various industries in the region is expected to impact the development of the market till mid-2021 negatively.
Based on type, the Middle East and Africa robot end-effector market is segmented into welding guns, clamps, grippers, suction cups, tool changers, and others. The grippers segment is expected to register the highest CAGR during the forecast period. The primary function of a gripper is to convert some form of power into the grasping action of robotic fingers. The power input is supplied by pneumatic, hydraulic, or electric means. The grippers are majorly classified as mechanical grippers and non-mechanical grippers.
Further, the mechanical grippers use mechanical fingers to grasp the object. The fingers are also known as jaws. Similarly, the non-mechanical grippers possess the mechanical fingers to handle specific shapes of work parts. The increasing adoption of collaborative robots owing to their benefits and features is driving the growth of the robot end-effector market in manufacturing industries.
The Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa robot end-effector market. The key companies operating in the market include ABB Ltd.; Festo SE & Co. KG; J. Schmalz GmbH; Kuka AG; Piab AB; Robotiq Inc.; Schunk GmbH & Co. KG and Zimmer Group.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the MEA robot end-effector market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the MEA robot end-effector market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the MEA robot end-effector market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook