Robotic Gripper Market Size, Share & Industry Analysis, By Type (Vaccum Grippers, Pnuematic Grippers, Hydraullic Grippers, Servo-Electric Grippers), By Application (General Assembly, Material Handeling, Inspection, Others), By End-Use Industry (Automotive & Transportation, Electronics & Semiconductors, Chemical & Pharmaceutical, Logistics, Food & Beverages, Healthcare) And Regional Forecast, 2024-2032

Robotic grippers allows holding of objects and performs multiple motions, which includes holding, tightening, moving, and releasing. These grippers are connected at the end of an industrial robot and are made of hard materials. However, adoption of grippers with soft materials have increased in order to handle delicate products. Robotic grippers are capable of grasping, lifting, holding, and moving materials, while working similar to a human hand. Moreover, these grippers can be used under high temperatures, and in the places where manual operations are difficult to perform.

Furthermore, industrial manufacturing and processes are converging on enhancement of the production process and increasing efficiency of supply chain process by istalling robotic grippers. As these grippers prrof to be an ideal solution for heavy load handling and drives the global robotic grippers market. Also, increasing application of robotics process across multiple industries and in different regions, is expected to enhance the demand for these grippers in the coming years.  These key industries includes automotive sector, food & beverage, electronics, etc. This is owed to increased focus on adoption of robotics and automation process in order to restructure the operations, increase efficiency, and enhance output. Hence, the adoption for warehouse robotics and industrial robots are expected increase the demand robotic grippers significantly during the forecast period.

Additionally, introduction of advanced technologies such as, artificial intelligence, 3D printing, and IoT among others, with innovative gripping and mobility technologies has increased the adoption of adaptive robotic grippers. Owed to this technological adoption, robotic grippers have evolved and has become more accustomed to the fluctuating industrial necessities. In the present times, there is high prominence for smart and flexible grippers, thereby deploying multiple sensors aimed at enhancing its functionalities. In addition, integration of smart IoT along with the sensors in the robotic apparatuses has resulted in the prompt assessment and maintenance of these robotic grippers.

Key Market Driver -

• Increasing Demand for Industrial Automation • Increasing Adaption of Industry 4.0 for Robotic Installation

Key Market Restraint -

• High Initial Investment

Key Players Covered:

Key players in the market have a dominant presence in the industria robotics market, thus have good will and brand name to capture the unidentified regional robotic gripper market. Moreover, these players are expected to have significant expansion in their business owing to the robust business strategies such as targeting developing countries and economies for increased market share.

Some of the key competitors in the global robotic gripper market include OnRobot, DESTACO, Applied Robotics, Inc., Cellro B.V., Robotiq Inc., RobotWorx, Inc., LLC , Grabit, Inc., SAS Automation, EMI Corp., Festo, KUKA, Soft Robotics, Tünkers, ATI Industrial Automation, ABB, Weiss Robotics, Piab AB, JH Robotics, Bastian Solutions and SCHUNK GmbH & Co. KG

Regional Analysis:

Asia Pacific is expected hold the prevalent market share along with the highest growth rate in the coming years. This is owed to the continuous increase in the manufacturing activities in the region along with the investments done by the major companies in the region to increase its production capacity. Moreover, this region is the hotspots for the majority of the key players to enhance their market share. This is owed to the increased industrial production in the developed countries such as China, Japan, & Korea along with the developing economies such as India, Malaysia, Indonesia, etc.

Similarly, Middle East & Africa and Latin America is expected to be a prominent region for the growth of the robotic grippers market. This is owed to the presence of capital intensive companies, along with low cost of labour in the region. Moreover, in the past couple of years the region has invested a lot in manufacturing activities, in order to have an alternate sources of cash inflows in the market. Europe and North America on the other hand has showed a steady growth with minimal changes in the market structure. Also, the companies in the market are shifting their manufacturing facilities at developing economies, thus this region is expected to exhibit minor volatility in the coming years.

The ongoing COVID-19 pandemic is expected to impact the market significantly for the year 2020 owing to the halt in the manufacturing activities across the globe. Other than this, the market will be volatile in the coming years owing increased global trade tensions with China, which is one of the prominent region in the market.

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Segmentation

Key Industry Developments

• April 2019: OnRobot, launched VGC10, which is a compact electric vaccum gripper. This is smaller and lighter version of the comapany’s VG10 gripper, which is ideal for constrained environments and smaller robot arms.


• January 2019: Festo launched adaptive gripper. This gripper has silicone cap, which can fold itself over and grip objects of any shape, thereby creating a form-fitting grip on the subject.