KEY FINDINGS
The North America robotic end-effector market is projected to develop with a CAGR of 10.12% during the forecasting period of 2021 to 2028. The region’s market growth is essentially credited to leading factors such as the increasing adoption of robots across multiple industry applications, the presence of manufacturing industries, and the initiatives introduced by the government.
MARKET INSIGHTS
The North America robotic end-effector market growth analysis constitutes the assessment of Canada and the United States. As per a November 2020 report from Statistics Canada, Canadian firms employing robots have also hired additional human workers, contrary to popular belief. In fact, companies hired 15% more work personnel, especially across the country’s automotive industry. Collaborative robots are also being deployed in international enterprises, such as Linamar Corp and Magna International Inc, for performing tasks like picking out components on an assembly line and visual inspection of parts.
Canada harbors five leading automakers operating light truck and passenger car assembly plants, like General Motors, Fiat Chrysler, Honda, Ford, and Toyota. The country’s automobile industry constitutes a highly developed component division, encompassing myriad independent auto parts suppliers. These independent suppliers include major Canadian-owned companies such as Linamar, Magna, and others. Furthermore, as per a new report by the International Federation of Robotics (IFR), Canada is fairly over the world average in terms of robot density within the manufacturing sector. Therefore, the abovementioned factors are estimated to propel the robotic end-effector market growth in North America over the forecast years.
COMPETITIVE INSIGHTS
Some of the top firms operating in the market are Robotiq Inc, Bastian Solutions Inc, Destaco, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments