Robotic Gripper Market Competitive Growth Strategies Based on Type, Applications, End User and Region

A new market research study by Future Market Insights on the robotic gripper market contains global industry analysis 2014-2018 and opportunity assessment 2019-2029. The report investigates the robotic gripper market and provides critical insights for the forecast period of 2019-2029. 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, use of smart materials for enhanced capabilities and growing horizon of applications along with increased number of end-use industries.

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The global robotic gripper market was valued at ~ US$ 1 Bn in 2018 and is projected to increase at a CAGR of ~ 10% between the forecast period of 2019 and 2029. This growth is significantly driven upsurge in the automotive and electronic & semiconductor industry, introduction of specific gripper portfolio, and rise in the robotic automation in specific regions such as East Asia.

Surplus Growing Opportunities in the East Asia Market

Japan being one of the significant countries in robotic automation is expected to show upsurge in the robotic gripper market. South Korea has a high number of robot-10,000 employee ratio, in which China is expected to register a high growth rate in recent years, owing to high labor 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.

Competitive Analysis:

The report highlights some of the prominent market players, who have established themselves as leaders in the global robotic gripper market. 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.

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Automotive Industry Propelling the Demand for Robotic Grippers

The advent of robotics has transformed the automotive industry landscape significantly by enabling automakers to accommodate the behemoth demand for automobiles. In particular, robotic process automation (RPA) has significantly aided in improving the back office operations. Robotic end of arm tools have improved the mass production of automobiles that requires management of repetitive operations without errors.

Leading automobile manufacturers are actively deploying collaborative robots or cobots, and reporting higher operational yields with significantly reduced losses in errors or other technical failures. Robotic gripper manufacturers have introduced the automotive industry specific grippers that perform tasks that are otherwise ergonomically challenging for workers.

By Segmentation:

By Product Type

2-Jaw Grippers, Angular & 3-Jaw Grippers, O-Ring Grippers, Niddle Grippers, Vacuum Cups, Magnetic Grippers, Special Purpose Grippers, Others (Electrostatic, Bellow, Toggle).By Application

Material Handling, General Assembly, Inspection & Others,By End Use

Automotive & Transportation, Electronics & Semiconductors, Food & Beverages, Chemicals & Pharmaceutical, Logistics, Healthcare, Others.By Region

Americas, EMEA, South Asia & Pacific, East Asia.For any queries linked with the report, ask an analyst

Manufacturers operating in the robotic gripper market have identified the need for product innovation to establish a firm foothold in the market. To that end, stakeholders are regularly investing resources to develop cost-effective and efficient grippers that are versatile with their functionalities. In addition, more recently, there was a significant demand for manual dexterity in robotic grippers to perform a range of e-commerce applications.

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