Robotic Gripper System Market By Type (Electric Grippers, Pneumatic Grippers), By Application (Automotive Manufacturing, Electonics/Electrical, Metal Products), By Region, And Segment Forecasts, 2023...
Report Id: 44246 | Published Date: Jul 2024 | No. of Pages: 200 | Base Year for Estimate: Jul 2024 | Format:
The Global Robotic Gripper System Market is witnessing robust growth with the technological advancements in the manufacturing processes of several industries across the globe. There has been an escalating need for automation across various industries like electronics, locomotives, manufacturing and healthcare, which stems from the need for better efficiency, ingenuity and accuracy. The Robotic Gripper System is an end-effector attached to the arms of industrial robots that act like human arms but are used for a wide range of purposes, limiting as much human intervention as possible.
The Robotic Gripper System market is valued at USD 1.68 billion in 2024 and is expected to reach USD 3.18 billion by 2031, growing at a CAGR of 9.4%.
Global Robotic Gripper System Market Dynamics:
Drivers: E-commerce and logistics growth, advancements in robotics, automation in manufacturing
-Continuous innovations in robotics technology, including AI, ML, and sensor integration, are enhancing the capabilities and applications of robotic grippers.
-The need for automation to improve efficiency, productivity, and safety in manufacturing processes is a major driver of the robotic gripper system market.
Restraints: High initial costs, complex integration, technical challenges
-The significant initial investment required for robotic gripper systems can be a barrier for small and medium-sized enterprises (SMEs).
-Integrating robotic grippers with existing automation systems and ensuring compatibility can be challenging and time-consuming.
-Technical issues related to precision, adaptability, and handling delicate objects can limit the effectiveness of robotic grippers in certain applications.
Opportunities: Healthcare applications, emerging markets, sustainability initiatives
-The healthcare sector presents significant opportunities for robotic grippers in surgical robots, rehabilitation devices, and laboratory automation.
-There is substantial growth potential in emerging markets where industries are increasingly adopting automation and robotics solutions.
- Adoption of robotic grippers in recycling and waste management processes to improve efficiency and sustainability.
Market by Global Robotic Gripper System Market Segment Insights:
Based on type, the global robotic gripper system market is segmented into electric, pneumatic, hydraulic, and vacuum grippers. Among these, the electric segment dominates the market. The dominance of electric grippers is attributed to their precision, control, and ease of integration. Electric grippers offer higher flexibility and programmability compared to other types, making them ideal for applications requiring delicate and precise handling.
Based on application, the market is segmented into material handling, assembly, pick and place, and packaging. Among these, the material handling segment holds the largest market share. The dominance of the material handling segment is driven by the extensive use of robotic grippers in the manufacturing and logistics industries for handling and transporting goods.
Market By End-Use Insights:
Based on end-use, the global robotic gripper system market is segmented into automotive manufacturing, electronics industry, food and beverage, healthcare and logistics. The automotive market holds the largest share of the market because of their use of sophisticated robot gripper designs to maintain the quality of their goods.
Market By Region Insights:
Based on regional coverage, the global robotic gripper system market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. North America holds the largest market share driven by the high adoption of automation technology in manufacturing and logistics, particularly in the United States.
Competitive Scenario:
Major Players in this industry include Applied Robotics, Bastian Solutions, Destaco, Effecto Group, Festo Inc. and Grabit Inc.
Scope of Work-Global Robotic Gripper System Market
Key Market Developments
April 2019- The market witnessed an innovation being introduced by OnRobot with its launch of the VGC10 - a compact electric vacuum gripper.
January 2023- SCHUNK GmbH & Co. KG launched a new series of modular robotic grippers designed for high-precision tasks in the electronics and semiconductor industries
March 2023- Zimmer Group announced a strategic partnership with a leading robotics company to develop next-generation collaborative robotic grippers. These grippers are designed to work alongside human workers, enhancing safety and productivity in various applications.
January 2024- ABB announced that it agreed to acquire the shipping businesses of DTN Europe BV and DTN Philippines Inc. (from now on DTN Shipping), expanding the company's offerings in maritime software.
What are the main drivers of the robotic gripper system market
Ans. The key drivers include e-commerce and logistics growth, advancements in robotics, and automation in manufacturing.
What are the primary challenges faced by the robotic gripper system market?
3. Who are the major players in the motorhome market?
Ans. Major players in the market are Applied Robotics, Bastian Solutions, Destaco, Effecto Group, Festo Inc., and Grabit Inc.4. What opportunities exist in the motorhome market?
Ans. Opportunities include emerging markets, healthcare applications, and sustainability initiatives.
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