The Grippers Segment to Dominate South America Robot End-Effector Market during 2021-2028

According to a new market research study on “South America Robot End-Effector Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Type, Application, Industry and Country,” is expected to reach US$ 183.89 million by 2028 from US$ 300.57 million in 2021. The market is estimated to grow at a CAGR of 7.3% from 2021 to 2028. The report provides trends prevailing in the South America robot end-effector market along with the drivers and restraints pertaining to the market growth. Rapid growth in industrial robotics, and heightening usage of cobots are major factors driving the growth of the South America robot end-effector market. However, high capital required for initial deployment may hinder the growth of South America robot end-effector market.

In the South America, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries such as Colombia, Argentina, and Peru. The governments of various countries in SAM are taking several initiatives to protect people and control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. The sharp decline in the sales of the automotive and electronics industries in the region due to lockdown measures is expected to directly impact the growth of the robot end-effector market. Besides, decline in business activities and product sales are expected to directly affect the growth rate of the market till mid-2021.  

The market for South America robot end-effector is segmented into type, application, industry and country. Based on type, the market is segmented into welding guns, clamps, grippers, suction cups, tool changers, and others. In 2020, the grippers segment held the largest share in South America robot end-effector market. Based on application, the South America robot end-effector market is divided into handling, assembly, welding, processing, dispensing, and others. The welding segment is expected to be the fastest growing segment over the forecast period. Based on industry, the market is segmented into automotive, metals and machinery, electrical and electronics, food and beverages, and others. In 2020, the automotive segment held the largest share in South America robot end-effector market. Based on country, the South America robot end-effector market is segmented into Brazil, Argentina and rest of South America. In 2020, Brazil held the largest share in South America robot end-effector market. Furthermore, in this present scenario of COVID 19 pandemic, the South America robot end-effector market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for robot end-effector.

ABB Ltd.; Festo SE & Co. KG; J. Schmalz GmbH; Kuka AG; Piab AB; Robotiq Inc.; Schunk GmbH & Co. KG and Zimmer Group are some of the leading companies in the South America robot end-effector market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

South America Robot End-Effector Market, By Country, 2020 and 2028 (%) 

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