North America 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 Other

North America 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 North America robot end-effector market is expected to reach US$ 1,419.74 million by 2028 from US$ 612.83 million in 2021. It is estimated to register a CAGR of 12.8% from 2021 to 2028. The high spending power of populations, which enables them to spend on expensive, high-tech products and encourages technological advancements, leads to competition among various businesses in this region. The region is highly inclined toward automation, owing to intense competition in the North America market and the need to enhance product quality and production speed. This has led to numerous robotic innovations, including robot end-effectors, to manage routine tasks in various verticals. In the region, robotics technology manufacturers are highly involved in research & development (R&D) activities to fulfill the demand of end users. The influx of industry 4.0 in the manufacturing industry, which comprises technological trends such as automation, big data, and the Internet of Things (IoT), is a significant factor driving the robot end-effector market in North America. In the past few years, there has been a rapid development in robot end-effectors in the region. This is fueled by the demand for agile manipulation in pick-and-place operations, such as e-commerce order fulfillment. Even in the middle of the pandemic, e-commerce sales surged in 2020 due to the growing trend of online shopping. Thus, the continued operation of the e-commerce industry is increasing the demand for robot end-effectors.

North America is one of the most important regions for adopting and developing new technologies due to favorable government policies to boost innovation, the presence of a vast industrial base, and high purchasing power, especially in developed countries, such as the US and Canada. Hence, any impact on industries' growth is expected to affect the region's economic growth. COVID-19 has negatively impacted businesses in the region in four critical areas: Supply chain/operations, workforce, 2020 investments, and product offering. In the first nine months, overhead costs, including expenses for sales, Research & Development (R&D), and administration of various providers, declined due to severe measures taken in the course of the pandemic. Despite the effects of the North America outbreak, earnings were improved, primarily due to continuous optimization of the cost structure. COVID-19 has had a severe impact on transportation, automotive, and trade activity. North America is home to a large number of manufacturing and technology companies. Thus, the coronavirus outbreak's impact was quite severe in 2020 and likely in 2021 for the automotive and manufacturing sectors. The impact of COVID-19 is short-term; it is expected to decrease in the coming years.

Based on type, the North America 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 main function of a gripper is mainly to convert some form of power into grasping action of the robotic fingers. The power input is either 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 that are used to grasp the object. The fingers are also known as jaws. Similarly, the non-mechanical grippers possess the mechanical fingers used to handled specific shapes of work parts. The increasing adoption of collaborative robots owing to their benefits and features are the driving the growth of the robot end-effector market in manufacturing industries.

The North America 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 North America 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 North America robot end-effector market. The key companies operating in the market include ABB Ltd.; ATI Industrial Automation, Inc.; 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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