openPR Logo
Press release

Vacuum Suction Cups Market Size is Estimated to Reach USD 1,331 Million by 2030

Vacuum Suction Cups Market Size is Estimated to Reach USD 1,331

The Global Vacuum Suction Cups Market Size was valued at USD 784 million in 2021 and is estimated to achieve a market size of USD 1,331 million by 2030; growing at a CAGR of 6.4%.

The vacuum suction cups industry is been driven by the growing application of pick-and-place in several end-user industries. Advancement in suction cup technology is one of the vacuum suction cup market trends that are bolstering industry growth. Vacuum suction cups are regarded as a significant system in many end-use industries as they move fragile as well as sturdy objects easily without any human intervention. As a result, the growing implementation of automation has created a buzz for vacuum suction cups in many manufacturing industries.

Request For Free Sample Report @
https://www.acumenresearchandconsulting.com/request-sample/3063

Vacuum Suction Cups Market Regional Outlook

The global vacuum suction cups market is divided into five regions: North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Among all the regions, Asia-Pacific is observed to register the fastest growth rate from 2022 to 2030. The growing automation in the packaging and manufacturing sectors along with the rising number of applications of various industries such as pharmaceuticals and FMCGs in the region are driving the Asia-Pacific vacuum suction cups market. In addition, growing opportunities from emerging economies such as China and India are significantly supporting the Asia market.

Europe and North America are the two leading regions in the global vacuum suction cups market. The strong presence of manufacturers, the growing rate of automation, and greater access to advanced technologies in both regions are driving up the industry demand in the coming future.

Vacuum Suction Cups Market Dynamics

Increasing adoption of vacuum suction cups in the packaging industry fuels the market demand

The packaging industry has been at the forefront since the beginning. On top of that, the packaging industry bolstered during the pandemic period owing to the rising number of online deliveries. The increasing popularity of smart labels and the growing focus on minimizing human intervention are fueling the packaging vacuum suction cups market. In addition, the rising implementations of automated processes in packaging as well as the elevated need for packaging machinery that performs multiple functions such as handling, labeling, and wrapping products are some factors that are also supporting the industry growth. Furthermore, an increasing number of applications from food & beverages and pharmaceutical packaging are expected to generate numerous growth opportunities for the market in the coming future.

Check the detailed table of contents of the report @
https://www.acumenresearchandconsulting.com/table-of-content/vacuum-suction-cups-market

Growing demand from the automotive industry will spur market growth in the coming future

The automotive industry's production lines are highly automated. Vacuum products provide high efficiency with dependable handling, save energy, and so on. First, it aids in the movement of small, medium, and large parts from one location to another. A vacuum suction cup can hold the product's surface and move it from one location to another. This improves the flow of production while also expanding the production line. This also contributes to energy and cost savings. Furthermore, the use of vacuum suction cups in the automotive industry will increase production profit and business ROI.

Vacuum Suction Cups Market Segmentation

The global market has been segmented into five categories: type, material, end-use application, distribution channel, and region.

The type segment is categorized into the flat vacuum, oval vacuum, bellows vacuum, and other types. Based on our vacuum suction cups market forecast, the flat vacuum sub-segment will occupy a significant market share in 2021 and is likely to continue its trend in the coming years. On the other hand, the bellows vacuum sub-segment will achieve a noteworthy CAGR throughout the forecasted years.

Silicone, nitrile rubber (NBR), polyurethane, PVC, and others are the materials incorporated in the material segment. Among all the materials, nitrile rubber (NBR) is considered the most popular choice of material for vacuum suction cup manufacturing owing to its usage in applications such as glass handling, wood handling, and sheet metal handling.

By application, the market is split into packaging, food & beverage, woodworking, metalworking, automotive, semiconductor and electronics, and others. According to our vacuum suction cups industry analysis, the packaging application subjugated a significant market share in 2021, whereas the automotive and food & beverage applications will acquire an impressive growth rate from 2022 to 2030.

Furthermore, the distribution channel segment is bifurcated into offline and online channels. The offline distribution channel sub-segment is expected to acquire a considerable market share in 2021. On the other hand, the online distribution channel sub-segment is likely to attain the fastest growth rate (CAGR) during the projected years from 2022 to 2030.

Buy this premium research report -
https://www.acumenresearchandconsulting.com/buy-now/0/3063

Vacuum Suction Cups Market Players

Some prominent vacuum suction cups companies covered in the industry include ANVER, AIRBEST (CHANGXING) TECHNOLOGY CO., LTD. Aventics GmbH, Coval, DESTACO (Dover), Piab vacuum solutions, Schmalz, Vi-Cas, SMC Corporation of America, VMECA, VUOTOTECNICA, William B. Rudow, and Yonsha Co., Limited.

201, Vaidehi-Saaket, Baner - Pashan Link Rd, Pashan, Pune, Maharashtra 411021

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Vacuum Suction Cups Market Size is Estimated to Reach USD 1,331 Million by 2030 here

News-ID: 2831277 • Views: 234

More Releases from Acumen Research and Consulting

Artificial Intelligence in Genomics Market Industry Analysis - Artificial Intell …
The Global Artificial Intelligence in Genomics Market size accounted for USD 471 Million in 2021 and is estimated to reach USD 18,213 Million by 2030. Artificial Intelligence in Genomics Market Dynamics The rapid expansion of genomics research data sets, the emergence of startups in the sector, and significant research and development (R&D) activities are the major factors driving market advancement. In the next ten years, genomics research is expected to produce a
Liquid Fertilizers Market value is set to reach by USD 19,873 Million from 2022 …
The Global Liquid Fertilizers Market size was accounted for USD 14,556 Million in 2021 and is expected to reach the value of USD 19,873 Million by 2030, at a CAGR of 3.7% from 2022 to 2030. Liquid Fertilizers Market Dynamics The rising population, particularly in developing countries such as India, is expected to boost the liquid fertilizers market share. Fertilizers help crops grow because they play an important role in increasing crop
Semiconductor Materials Market to reach USD 82,421 Million - Risk-adjusted numbe …
The Global Semiconductor Materials Market size was valued at USD 55,824 Million in 2021 and is expected to reach USD 82,421 Million by 2030 growing at a CAGR of 4.5% during the forecast timeframe from 2022 to 2030. Global Semiconductor Materials Market Growth Aspects Technological advancement and innovation in fabrication techniques are propelling the global semiconductor materials market forward in both developed and developing economies. Semiconductor materials have numerous applications in the
Online Gaming Market Impact of Industry Size, and Impact Y-o-Y
The global Online Gaming Market Size was valued at USD 56 Billion in 2021 and will achieve a market size of USD 132 Billion by 2030, budding at a CAGR of 10.2%. Online Gaming Market Dynamics The online gaming industry has seen rapid growth in recent years as a result of improved internet access, lower Smartphone and computer prices, and rising population disposable income. Furthermore, massive demand from the world's youth who

All 5 Releases


More Releases for Vacuum

Vacuum Coating Machines Market 2018 Global Key Country Analysis: Denton Vacuum, …
Vendor Landscape Tetra Technologies, Inc., (U.S.), BP P.L.C. (U.K.), Statoil ASA (Norway), DNV GL (Norway), TechnipFMC PLC (U.K.), AF Gruppen ASA (Norway), Ramboll Group A/S (Denmark), and Aker Solutions ASA (Norway) are some of the key companies operating in the market. Amec Foster Wheeler (U.K.), John Wood Group Plc. (Scotland), Claxton Engineering Services (U.K.), Allseas group SA (Switzerland), and DeepOcean Group (Netherlands) among others. Market Research Future’s (MRFR) latest study reveals that
Global Vacuum Coating Machines Market Forecast 2018-2025 BOBST, Hongda Vacuum, U …
Recently added detailed market study "Global Vacuum Coating Machines Market" examines the performance of the Vacuum Coating Machines market 2018. It encloses an in-depth Research of the Vacuum Coating Machines market state and the competitive landscape globally. This report analyzes the potential of Vacuum Coating Machines market in the present and the future prospects from various angles in detail. The Global Vacuum Coating Machines Market 2018 report includes Vacuum Coating Machines
Survey: Rotary Vane Vacuum Pumps Market Share 2018-2025 Dekker Vacuum Technologi …
Rotary Vane Vacuum Pumps Market Research 2018 Globe Info Research Recently added detailed market study on the "Global Rotary Vane Vacuum Pumps Market" Research Report 2018-2025 which provides an outlook of current market value of Rotary Vane Vacuum Pumps Market as well as the expected forecast of Rate on Investment (ROI) with growing CAGR of XX% in Rotary Vane Vacuum Pumps Market by the end of 2025. The report on the
Global Rotary Vane Vacuum Pumps Market- Pfeiffer Vacuum, Tuthill, Osaka Vacuum, …
Global Rotary Vane Vacuum Pumps Market report 2017 is an in-depth research on the current situation of the Rotary Vane Vacuum Pumps industry. The Scope of the Rotary Vane Vacuum Pumps research report: The Global Rotary Vane Vacuum Pumps Market primarily includes a basic overview of the Rotary Vane Vacuum Pumps industry. It also includes Rotary Vane Vacuum Pumps definitions, classifications and applications. It segments the market by applications, types, regions, competitive
Metallurgical High Vacuum Announces High Vacuum Newsletter
Fennville, MI---Metallurgical High Vacuum has created a new “High Vacuum News” to provide heat treat industry professionals with tips and hints to keep their vacuum pumps running strong. As Geoff Humberstone, MHV President, comments: “This year marks 30 years for us as Metallurgical High Vacuum. Back in 1981, I saw the need for vacuum design and consulting and started the company. Within four years we added pump remanufacturing because we
Metallurgical High Vacuum Ships Vacuum Chambers (Corrected)
Special Designs are Built to Customer Specifications Fennville, MI--- Metallurgical High Vacuum recently shipped two chambers for customer-specific applications. One vacuum chamber is over 72” high and will be used in P E. Chemical Vapor Deposition. The other chamber is a 12-inch square design that will be used to weld silicon sticks, complete with a two-stage booster vacuum pumping system. Both chambers are built of type 304 stainless steel for