Dublin, Feb. 07, 2023 (GLOBE NEWSWIRE) -- The "Robotic Grippers Market by Type, by Design by Application, and by Vertical- Global Opportunity Analysis and Industry Forecast, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The Robotic Grippers Market size was valued at USD 1.16 billion in 2021 and is predicted to reach USD 3.04 billion by 2030, growing at a CAGR of 10.9% during the forecast period, 2022 -2030.
Collaborative robots equipped with robotic grippers are becoming more popular in industrial applications, such as packaging, product handling, inspection, and shorting. These robots are in high demand due to their compact size and cost-effectiveness, which improves the overall efficiency of manufacturing facilities.
Moreover, robotic grippers are becoming smarter with technology such as artificial intelligence (AI), the Internet of Things (IoT), and big data to improve connectivity, productivity, and efficiency, further driving the market growth. However, interoperability issues related to robotic grippers, as well as the lack of skilled labor that can operate specialized robot grippers remotely, are restraining the market growth.
On the contrary, the introduction of plug-and-play technology in robotic grippers to overcome interoperability problems and the growing demand for electric grippers in various industry verticals are expected to create ample opportunities for the key players operating in the robotic grippers market during the forecast period.
The Asia Pacific market is projected to hold the dominant share by 2030
Asia Pacific dominates the robotic grippers market and is expected to remain dominant throughout the forecast period. This is attributed to the factors such as the presence of large manufacturing industries in countries such as China, India, Japan, and South Korea that are constantly improving their production capacity to cope with the rising consumer demand. Furthermore, the continually growing population in these countries fuels the demand for consumer goods, which has led to the adoption of robotics in industries.
Manufacturing industries use industrial robots and collaborative robots with robotic grippers for various tasks such as pelletizing or depalletizing, shorting, assembling, and product handling. In addition, increasing labor shortages have further influenced the use of robots and robotic grippers in Asia-Pacific. Furthermore, the presence of leading robotic gripper manufacturers such as Fanuc, Yaskawa Electric Corporation, and Robotics Kawasaki Heavy Industries in the Asia-Pacific boosts the market growth in the region.
For instance, in April 2021, Yaskawa Electric Corporation launched the MOTOMAN Smart Series robot and gripper tools as a plug & play system. The Smart Series offers ready-made packages that include all accessories, such as gripper elements, adapter flanges, communication cables, and plugs from different manufacturers for easy integration.
Recent Developments
October 2022
Schunk GmbH & Co. KG announced the launch of a pneumatic PLG 2-finger parallel gripper and an electric ELG long-stroke gripper. These two new configurable standard grippers can handle large, heavy parts in automotive or logistics industries.
June 2022
Schunk GmbH & Co. showcased a new energy-efficient gripping system with new technology that uses reversible adhesives. Millions of tiny polymer chains act like adhesive hairs, allowing it to grip a variety of surfaces without using external energy such as pneumatics or electrical.
January 2022
Piab AB launched a gripper called piSOFTGRIP 100-4, which expanded the product portfolio of its existing piSOFTGRIP lineup of vacuum four-finger grippers. Developed especially for the food industry automation, it offers capabilities such as handling odd-shaped machine parts and removing injection molded parts.
Key Market Players
Emerging and efficient key players in the robotic grippers industry research include companies such as:
- SCHUNK GmbH & Co. KG
- Festo
- Kuka AG
- Piab AB
- Destaco
- Schmalz
- ABB Ltd.
- AFAG
- OnRobot A/S
- PHD Inc.
Key Topics Covered:
1. Introduction
1.1. Report Description
1.2. Who Should Read this Report
1.3. Key Market Segments
1.4. Key Market Players
1.5. Research Methodology
1.5.1 Secondary Research
1.5.2 Data Analysis Framework
1.5.3 Market Size Estimation
1.5.4 Forecasting
1.5.5 Primary Research and Data Validation
2. Robotic Grippers Market - Executive Summary
2.1. Market Snapshot, 2021 - 2030, Million Usd
3. Market Overview
3.1. Market Definition and Scope
3.2. Market Dynamics
3.2.1 Drivers
3.2.1.1 Emergence of Smart Technologies in Robotic Grippers to Enhance Productivity and Efficiency
3.2.1.2 Increasing Adoption of Robotic Grippers Owing to the Benefits of Better Flexibility and Functionality in Multiple Industries
3.2.1.3 the Rising Uses of Collaborative Robots for Industrial Purposes
3.2.2 Restraints
3.2.2.1 Problem of Interoperability Along With Lack of Skilled Labor to Operate Robotic Grippers
3.2.3 Opportunities
3.2.3.1 Introduction of Plug-And-Play Technology in Robotic Grippers to Overcome Interoperability Problems
3.2.3.2 Growing Demand for Electric Grippers in Various Industry Verticals
4. Market Share Analysis
4.1. Market Share Analysis of Top Robotic Grippers Providers, 2021
5. Global Robotic Grippers Market, by Type
5.1. Overview
5.2. Vacuum Grippers
5.3. Hydraulic Grippers
5.4. Electric Grippers
5.5. Pneumatic Grippers
5.6. Magnetic Grippers
5.7. Servo-Electric Grippers
6. Global Robotic Grippers Market, by Design
6.1. Overview
6.2. Jaw Grippers
6.3. Angular and 3-Jaw Grippers
6.4. Flexible Fingers
6.5. O-Ring Grippers
6.6. Needle Grippers
7. Global Robotic Grippers Market, by Applications
7.1. Overview
7.2. Material Handling
7.3. General Assembly
7.4. Dispensing
7.5. Inspection
7.6. Processing
8. Global Robotic Grippers Market, by Vertical
8.1. Overview
8.2. Packaging
8.3. Automotive
8.4. Electrical and Electronics
8.5. Plastic, Rubber and Chemicals
8.6. Metals and Machinery
8.7. Food & Beverages
8.8. Precision Engineering and Optics
8.9. Pharmaceutical and Cosmetics
9. Global Robotic Grippers Market, by Region
For more information about this report visit https://www.researchandmarkets.com/r/gsouq3-grippers?w=12
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