New York, US, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Global Robotic End-effector Market information by Types, by Industry, by Application and Region – forecast to 2027” market size to reach USD 4,827.54, growing at a compound annual growth rate of 16.10% by 2025.
Market Scope:
Robotic end-effector are rail transport vehicles designed to tow gauges of different bogeys such as diesel, steam, and electric. Governments looking for plans to beautify and modernize cities are likely to be the biggest purveyors of robotic end-effector. Single robotic end-effector are being procured owing to their low impact on the rail lines and low operational costs. The global robotic end-effector market report by Market Research Future (MRFR) identifies new trends in robotic end-effector and its future applications through in-depth research for the forecast period (2020-2027). The COVID-19 pandemic and its effects also make up a large portion of the report.
Dominant Key Players on Robotic End-effector Market Covered are:
- ABB
- SCHUNK GmbH & Co. KG
- TSD Manufacturing Inc.
- Robotic Automation Systems
- Zimmer Group
- Piab AB
- Festo
- Soft Robotics Inc.
- PHD Inc.
- TÜNKERS Maschinenbau GmbH
- KUKA AG
- ATI Industrial Automation Inc.
- Robotiq Inc.
- Dover Corporation-Destaco and Applied Robotics
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Market USP Exclusively Encompassed:
Adoption of Cobots to be a Major Driver
Nations aiming to connect the large populace of cities with rural areas can lead to heave investments in rail infrastructure. Expansions of rail road projects to serve as a reliable backup for trade and being integral to logistics and supply chains can drive the robotic end-effector market. Bids and auctions invited by governments to modernize the railways can serve as an incentive to robotic end-effector manufacturers.
Huge Demand for Electric Grippers to be a Major Opportunity
The fuel burn penalty for robotic end-effector emitting nitrogen oxide can motivate railroad operators to opt for engines with alternative fuels such as diesel, LNG, and electric. Replacement of gasoline engines with diesel and encouragement of brake thermal efficiency can bode well for the market. Investments in fuel injection technology to improve the performance of robotic end-effector engines has high potential in the market.
High Costs of Deployment to Impede Market Growth
Hybrid robotic end-effector are estimated to gain precedence slowly in the market as nations look to introduce sustainable development goals in their budget. Benefits of low fuel consumption and noise reduction compared to its conventional counterpart can drive its demand. Modernization initiatives by nations to rapidly upgrade its railroad infrastructure and connect citizens to faraway routes can bode well for the market. This is exemplified by the agreement between Hyundai Rotem and the Tanzania Railway Corporation for electric robotic end-effector and electric multiple units.
Browse In-depth Market Research Report (111 Pages) on Robotic End-effector Market:
https://www.marketresearchfuture.com/reports/robotic-end-effector-market-8571
Segmentation of Market Covered in the Research:
Grippers to Lead in Global Market
By type, the robotic end-effector market has been segmented into grippers, tool changers, clamps, welding guns, suction cups, and others. The gripper segment is expected to dominate the market during the forecast period. However, the welding segment is expected to register the highest CAGR owing to the growing demand for welding robots in the automotive industry.
Assembling Application to Dominate Market Share
By application, the robotic end-effector market has been segmented into material handling, assembling, welding, dispensing, cutting & soldering, and others. The assembling segment is expected to account for the largest market share. Furthermore, the introduction of six-axis robots with greater flexibility of movements will further propel the market during the forecast period. The material handling segment is expected to register the highest CAGR during the forecast period owing to the rise in automation of unsafe, repetitive, and tedious processes such as pelletizing, packing, picking, and unloading.
Electrical & Electronics Industry to Lead in Market Share
By industry, the robotic end-effector market has been segmented into electrical and electronics, machinery, automotive, food & beverages, e-commerce, precision engineering and optics, and others. The electrical and electronics segment is projected to hold the largest market share. However, the food & beverages segment is expected to register a significant CAGR during the forecast period owing to the rise in automation of various processes in this industry.
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Regional Analysis
APAC to Display Robust CAGR
APAC is touted to be highly lucrative for the market owing to a large customer base and the potential for railroad networks. Rapid industrialization and transport of goods through freight carriers can drive the regional robotic end-effector market growth. Huge production of rolling stock and investments in railroad connectivity projects can influence the market.
COVID-19 Impact on the Global Robotic End-effector Market
The COVID-19 outbreak is likely to act as a catalyst for the robotic end-effector market. This is attributed to the use of renewable technologies to counter the effect of emissions. Switch to diesel and electric robotic end-effector engines can lead to high interest by investors looking for investing in green energy. Rise of leasing equipment dealing agencies owing to rampant international trade can drive the market demand significantly. Recently, European Loc Pool has procured robotic end-effector from Stadler Rail to enhance its freight services plans.
Moreover, robotic end-effector operated trains have been pivotal in transporting passengers during the pandemic in densely populated areas. A special bogey has been reserved to operate as a hospital to cater to any new cases.
Industry News
Genrobotic Innovations, a startup in India, aims to deploy cleantech solutions to Malaysia, U.K., and South Korea.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
