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Europe Robotic End-Effector Market Forecast 2021-2028

KEY FINDINGS

The Europe robotic end-effector market is evaluated to grow with a CAGR of 11.01% during the forecast period of 2021 to 2028. The market growth of the region is facilitated by the rising adoption of collaborative robots across manufacturing processes, the increased focus on automation, and the development of warehouse robots.

MARKET INSIGHTS

The Europe robotic end-effector market growth assessment involves the analysis of Belgium, France, Russia, Poland, Italy, the United Kingdom, Germany, and the rest of Europe. E-commerce is developing rapidly in Italy, recording annual double-digit growth since 2014. Although the country's digital economy trails several other leading European nations, e-commerce is set to continue an upward trend with Business-to-Business (B2B), Business-to-Consumer (B2C), and Consumer-to-Consumer (C2C) transactions depicting robust growth. Online shopping surged in Italy since the COVID-19 pandemic, progressing at triple-digit rates.

On the other hand, the retail sector in Russia has been significantly developing over recent years. According to the data issued by Trading Economics, the year-on-year expenditure in the country has increased at a compound annual growth rate of 4.31%. Moreover, the Russian yearly retail sales, encompassing the merchandise sold across the country, surpass $427 billion. E-commerce is also attracting international companies operating in intralogistics as well as warehousing. In this regard, cross-border commerce, in addition to market fundamentals, plays a vital role. Therefore, these factors are expected to propel the robotic end-effector market growth in Europe over the forecasting years.

COMPETITIVE INSIGHTS

Some of the top enterprises operating in the market are ABB Ltd, Zimmer Group, Piab AB, etc.

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Europe Robotic End-Effector Market Forecast 2021-2028
Published By :Inkwood Research
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