Robotic Grippers Market – Global Industry Analysis, Size & Growth Forecast By 2022-2028
The report investigates the robotic gripper market and provides critical insights for the forecast period of 2022-2028. A new market research study by Future Market Insights on the robotic gripper market contains a global industry analysis 2014-2021 and an opportunity assessment 2022-2028.
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 an increased number of end-use industries.
The global robotic gripper market was valued at ~ US$ 1.6 Bn in 2022 and is projected to increase at a CAGR of ~ 9.8% between the forecast period of 2022 and 2028. This growth has been significantly driven by 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.
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A list of Key Players Covered in the Robotic Gripper Market are:
- SCHUNK GmbH & Co. KG
- Soft Robotics, Inc.
- Piab AB
- Applied Robotics
- ABB Limited
- Grabit Inc.
- Yaskawa America, Inc.
- J. Schmalz GmbH
- Festo AG & Co. KG
Surplus Growing Opportunities in the East Asia Market
Japan is one of the significant countries in robotic automation and is expected to show an upsurge in the robotic gripper market. South Korea has a high number of robot-10,000 employee ratio, in China is expected to register a high growth rate in recent years, owing to high labour 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.
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.
- Concerningto application 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.
- Automotive industry is one of the significant drivers of the robotic gripper market followed by the electronics and semiconductors industry. The availability of a vast gripper range that is application-specific enhances the precision and speed requirement in these industries.
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Robotic 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 the 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.