Report Details

Global Robotic Gripper Market by Type (Electromagnetic Robot Gripper, Hydraulic Gripper, Vaccum Grippers, Servo-Electric Grippers, Pneumatic Grippers), Application (Material Handling, General Assembly, Inspection, and Others), End-User (Electronic & Semiconductor, Logistics, Automotive & Transportation, Chemical & Pharmaceutical, Healthcare), and Regions, The Asia Pacific, Middle East Africa, Europe, North America, and Latin America) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2021 – 2031

The Robotic Gripper market size was valued at USD 1.5 billion in 2021 and is expected to surpass USD 3.2 billion by 2031, expanding at a CAGR of 10.1 % during the forecast period, 2021–2031. The market's growth is attributed to the surging usage of robotic arm grippers in material handling, increasing adaption of 4.0 for robotic installation, and increasing demand for industrial automation.

INTRODUCTION

Robot grippers are used for material handling. It acts as an interface between a robot arm and a workpiece. It works like a human hand. Robotic grippers are extensively used to move, hold, grasp, and lift heavy materials efficiently around warehouses and facilities. These grippers work smoothly in high temperatures where manual operations are difficult to perform. There are many types of robot grippers that are used to perform different operations. They are ideal for heavy load handling. The introduction of advanced technology such as 3D printing, IoT, artificial intelligence, and others have increased the adoption of adaptive robotic grippers.

Market Trends, Drivers, Restraints, and Opportunities

• Surging usage of robotic arm grippers in material handling operations is a key driver in the market.
• The need for robotic arm grippers for a wide range of industries such as textile, automotive, food, and electronic is expected to propel the market growth.
• The implementation of new technologies to accelerate automation industries is projected to spur the sales of the robot hand gripper market.
• Increasing adoption of collaborative robots is expected to fuel market growth.
• High initial investment is a key restraining factor to hamper the market.

Scope of the Report

Market Segment Insights

The electromagnetic robot gripper segment is projected to register a considerable CAGR

Based on type, the robotic gripper market is divided into electromagnetic robot grippers, hydraulic grippers, vacuum grippers, servo-electric grippers, pneumatic grippers. The electromagnetic robot gripper segment is expected to expand at a rapid pace during the forecast period owing to the capability of handling the smallest workpieces.

The material handling segment is expected to expand at a rapid pace

Based on application, the robotic gripper market is divided into material handling, general assembly, inspection, and others. The material handling segment is expected to expand at a rapid pace during the forecast period owing to the capability of handling a wide range of products and picking up even or uneven workpieces made of numerous materials, such as cardboard, glass, plastic, and sheet metal.

The logistic industry segment is projected to register a considerable CAGR

On the basis of end-user, the robotic gripper market is segregated into electronic & semiconductor, logistics, automotive & transportation, chemical & pharmaceutical, and healthcare. The logistics industry segment is projected to register a considerable CAGR during the forecast period. The growth of the segment is attributed to the increasing trend of online shopping and the rising number of trade-related agreements that are anticipated to lift the demand for robotic arm vacuum grippers in the logistics industry.

The Asia Pacific region is anticipated to constitute a key market share

In terms of regions, the robotic gripper market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of the Asia Pacific region is expected to constitute a key share of the market during the projected period. The growth in the region is attributed to the continuous increase in manufacturing activities in the region with large investments by major companies. However, the market of the Middle East & Africa, and Latin America are anticipated to expand at a rapid pace during the forecast period owing to the increased capital-intensive companies with low costs of labor in the region.

Competitive Landscape

Key players competing in the robotic gripper market are Applied Robotics (NewYork); ABB Limited (Switzerland); Yaskawa America, Inc (U.S.); Soft Robotics, Inc. (U.S.); Piab AB (France); Grabit Inc. (U.S.); Coval Vaccum Technology Inc. (U.S.).

FAQs

How much is the market worth?

The Robotic Gripper market size was valued at USD 1.5 billion in 2021 and is expected to surpass USD 3.2 billion by 2031.

During the forecast period, what is the CAGR of the market?

During the forecast period, the CAGR of the market is expected to be 10.1%.

What are the key drivers of the market?

The market's growth is attributed to the surging usage of robotic arm grippers in material handling, increasing adaption of 4.0 for robotic installation, and increasing demand for industrial automation.

What segments are covered in the Robotic Gripper report??

The segments covered in the report are type (electromagnetic robot gripper, hydraulic gripper, vacuum grippers, servo-electric grippers, pneumatic grippers), application (material handling, general assembly, inspection, and others), end-user (electronic & semiconductor, logistics, automotive & transportation, chemical & pharmaceutical, healthcare).

Mention the key players in the market.

Applied Robotics (NewYork); ABB Limited (Switzerland); Yaskawa America, Inc (U.S.); Soft Robotics, Inc. (U.S.); Piab AB (France); Grabit Inc. (U.S.); Coval Vaccum Technology Inc. (U.S.)