11:01 ET Robot End-Effector Market Is Expected To Reach US$13.76 Billion By 2031 With CAGR Of 14.5% | The Insight Partners

The global robot end-effector market is projected to reach US$13.76 billion by 2031, growing at a CAGR of 14.5%. Key drivers include the rise of industrial robotics, increased adoption of collaborative robots (cobots) in SMEs, and expansion in automotive manufacturing. North America leads in demand due to its industrial base, while Asia Pacific holds the largest market share. Major players include ABB Ltd., KUKA AG, and Festo AG. The report highlights trends in automation and the integration of advanced end-effector technologies in various industries.