Global Robotic Gripper Market is projected to increase at a CAGR of ~ 10% 2019 – 2029 : FMI

A new market research study by Future Market Insights on the robotic gripper market contains global industry analysis 2014-2018 and opportunity assessment 2019-2029. The report investigates the robotic gripper market and provides critical insights for the forecast period of 2019-2029.

As per the findings of the report, the global robotic gripper market is anticipated to experience substantial growth over the forecast period, due to multiple driving factors such as the use of smart materials for enhanced capabilities and the growing horizon of applications along with the increased number of end-use industries.

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The global robotic gripper market was valued at ~ US$ 1 Bn in 2018 and is projected to increase at a CAGR of ~ 10% between the forecast period of 2019 and 2029. This growth has significantly driven an upsurge in the automotive and electronic & semiconductor industry, the introduction of a specific gripper portfolio, and a rise in robotic automation in specific regions such as East Asia.

Owing to the rapid growth of factory automation in East Asia and other nations including Singapore, Malaysia, and more, the demand for robotic grippers is expected to grow at an impressive pace. According to the FMI analysis, the onset of Industry 4.0 is further expected to increase the adoption of robotic grippers in smart factories.

Surplus Growing Opportunities in the East Asia Market

Japan is one of the significant countries in robotic automation is expected to show an upsurge in the robotic gripper market. South Korea has a high number of robot-10,000 employee ratio, in which China is expected to register a high growth rate in recent years, owing to high labor costs and increased automation. These countries have a major share in the global robotic gripper market, hence East Asia is expected to generate substantial growth opportunities for the robotic gripper market.

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Use of Innovative Smart Materials to Surge the Market Growth

The global robotic gripper market has been segmented based on the different types of grippers, multiple jaw types, their multiple operations, different segments of applications, end-use industry, and regions such as Americas, EMEA (Europe, Middle East, and Africa), SAP (South Asia Pacific) and East Asia.

Robotic gripper technology has been incessantly growing in recent years, consecutively growing the robotic gripper market. The use of smart materials to make more adaptive and flexible grippers is taking place. More advancement is expected to happen in electric and pneumatic grippers which will help the robotic gripper market grow exponentially. Concerning application, the robotic gripper market is expected to show a large growth in the material handling segment as it is prominently used in the end-use industry. Followed by the general assembly segment which is projected to have a fair share in the market growth. The automotive industry is one of the significant drivers of the robotic gripper market followed by the electronics and semiconductors industry. Availability of a vast gripper range that is application-specific enhances the precision and speed requirement in these industries.

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Key Segment

By Product Type

2-Jaw Grippers Angular & 3-Jaw Grippers O-Ring Grippers Middle Grippers Vacuum Cups Magnetic Grippers Special Purpose Grippers Others (Electrostatic, Bellow, Toggle)By Application

Material Handling General Assembly Inspection & OthersBy End-Use

Automotive & Transportation Electronics & Semiconductors Food & Beverages Chemicals & Pharmaceutical Logistics Healthcare OthersBy Region

Americas EMEA South Asia & Pacific East AsiaRobotic Gripper Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global robotic gripper market. A few examples of key players in the market are

Soft Robotics, Inc., Piab AB, Applied Robotics, ABB Limited, Grabit Inc., Yaskawa America Inc., J. Schmalz GmbH, Festo AG & Co. KG, Onrobot, Bastian Solutions, COVAL VACUUM TECHNOLOGY Inc.,and Brenton Engineering, among others. The global robotic gripper market players are primarily focusing on the development of a product, such as flexible robotic gripper, electrostatic robotic gripper, and vacuum robotic gripper, that can react more and more similar to the human arm and has a wide range of payload capacity for different end-use industries to gain a greater share in the robotic gripper market.

For additional insights on the Robotic Gripper landscape, write to the analyst at press@futuremarketinsights.com

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