The robotics gripper market is likely to capture a valuation of USD 1.7 billion in 2023 and is predicted to reach USD 4.3 billion by 2033. The market is registering a CAGR of 9.4% during the forecast period.
The market is influenced by several factors, including:
Automation: The various end-use industries are increasing the demand for machine grippers for automation and are expanding the market growth. Several companies are reducing their workload and costs by streamlining processes and increasing robotic gripper adoption.
Technological Advancements: The growing advanced technologies, such as collaborative robots, artificial intelligence, and soft gripper robotics, are advancing market growth. These new technologies are creating safe, reliable, and versatile robotic grippers.
Rising Demand for Industrial Robots: Several industries, such as manufacturing, construction, and healthcare, are increasing the demand for industrial robots to perform various tasks. These tasks include packaging, material handling, shifting, and assembly.
Rapidly Growing E-commerce Sector: Warehousing, construction, and logistics industries are growing e-commerce by increasing the demand for the automated gripper. It is widely used for shifting and distributing products in warehousing. They are essential to fulfilling consumers' orders efficiently and faster.
Cost-effective: The growing advanced technologies in the manufacturing sector for processing material reduce the price of grippers. This cost-effectiveness can relieve the budget of small and medium-sized businesses.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 9.4% |
| Market Valuation (2023) | USD 1.7 billion |
| Market Valuation (2033) | USD 4.3 billion |
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Several limitations restrain the market growth, including:
Lack of Versatility: The several robotic grippers designed for specific needs and tasks may reduce their versatility. Companies are investing in types of grippers to do different tasks quickly. Therefore, the high costs may limit the market growth.
Complexity in Integration: Integrating robotic grippe with an automation system can be time-consuming and complex. It requires experts and specialized people for integration. Lack of integration in small businesses may restrain market growth.
Cost: The growing cost of robotic gripper make them prohibitive for several businesses. It includes maintenance, integration, and repair costs.
Safety Concerns: Safety is a primary concern where robotic grippers and humans work together. It creates huge chances of injury while ongoing work and activities by robotic grippers.
The market was valued at USD 1 billion in 2018 and is estimated to reach USD 4.3 billion by 2033. The market secured a CAGR of 9.9% between 2018 to 2022. Several end-user industries, such as food & beverage, automotive, healthcare, and electrical & electronics are fueling the market size. This mechanical gripper improves performance, reduces cost, and works well in manufacturing.
The countries such as Japan, China, India, and South Korea are the leaders that capture significant revenue in the global market. These developing countries are developing vast industries surging the demand for the robotic gripper.
Short Term (2023 to 2026): The growing construction, healthcare, and food & beverages sector fuel the market growth. Asian countries are rapidly growing the global market by increasing the adoption of industrial robots with advanced technologies.
Medium Term (2026 to 2029): Growing population, urbanization, industrialization, and innovation of autonomous robotic grippers are driving the market growth. The growing e-commerce industry and cost-effective machine grippers are advancing market growth.
Long Term (2029 to 2033): Rising research and development activities to invest in innovative products and government initiatives fuel the market size. Developing countries' rapidly growing warehousing and logistic sectors are advancing the market size.
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Based on product type, the 2-jaw grippers segment dominates the global market by securing a share of 19.2% during the forecast period. The rising demand for 2-jaw grippers is growing due to their cost-effectiveness, simplicity, and versatility.
These grippers can handle various sizes and shapes of objects. The rising adoption of 2-jaw grippers is widely used to pick irregularly shaped objects in the end-use industries.
These grippers are easy to operate and less expensive, increasing the demand in businesses to reduce costs. Due to its simplicity, versatility, and cost-effectiveness, the sales of 2-jaw grippers are rising during the forecast period.
Based on end use, the automotive and transportation sector dominates the global market by registering a share of 40.6% by 2033. The increasing demand for mechanical grippers in these sectors is widely used for packaging, picking, painting, and assembly. These grippers can handle automotive things, including seats, engine blocks, and tires, expanding the global market revenue.
These advanced robotic grippers are used in transporting luggage and loading and unloading cargo. These are also used for assembling parts of ships, trains, and planes, propelling the market size.
Due to these factors, the automotive and transportation sector is leading the global market. Other end-use companies such as food & beverages, health, electronics, and pharmaceuticals are also contributing significant revenue in the market.
| Countries | CAGR Value (2023 to 2033) |
|---|---|
| The United States | 45.3% |
| Germany | 0.2% |
| Japan | 1.2% |
| Australia | 1.5% |
| China | 3.6% |
| India | 4.0% |
| The United Kingdom | 2.2% |
The United States is estimated to be a prior leader in the global market, securing a CAGR of 45.3% by 2033. The increasing trends of electromagnetic robot grippers for industrial automation fuel the United States market. The rising manufacturing processes are increasing the adoption of these grippers to improve efficiency and productivity and handle complicated tasks.
The growing automation technologies by adopting artificial intelligence and demand for collaborative robots drive the United States market. Electromagnetic grippers are well-suited and can control robotic programs in several ways. They are safely designed, easy to use, and can use alongside humans fueling the United States robotic gripper market.
China is one of the significant nations in the global market that register a CAGR of 3.6% during the forecast period. The growing manufacturing, electronic and automotive sectors are increasingly adopting robotic grippers for manipulating, shifting, and grasping objects. According to Future Market Insights, Chinese manufacturers are developing to focus on cobots due to rising demand among several industries.
The essential key players are also innovating unique and easy-to-use grippers to advance the market size. The key companies are adopting the strategic approach and investing in research activities to innovate versatile, efficient, and compatible robotic systems. A few key companies in China include Festo, Zimmer Group, Schunk, SMC Corporation, and Robotiq.
China's robotic gripper market is anticipated to continue expanding global market revenue through its innovations, automation, and better technologies.
India is another nation in the Asia Pacific region that is rapidly growing by securing a CAGR of 4.0% by 2033. The growing end-use industries such as logistics, manufacturing, and health are increasing the demand for robotic grippers. This robotic gripper device helps to hold, monitor and manipulate objects by automatic setups in the healthcare sector.
These grippers perform several tasks, such as handling surgical instruments, patient rehabilitation, and assisting in the healthcare sector. It is also further used for welding, shifting materials, and painting in the automotive sector. India's automotive sector also contributes a huge revenue by growing the production of cars and other vehicles.
The key players in the Indian robotic gripper market include Robotiq Inc, ABB Ltd, Schunk GmbH, KUKU Robotics, and others. Overall, the growing urbanization, industrialization, and rapidly growing end-use sectors are driving the market size in India.
The United Kingdom is one of the significant leaders in the global market, capturing a CAGR of 2.2% during the forecast period. The manufacturers actively perform a key role in developing better and unique products. The growing automation system is increasing the demand for mechanical grippers in several industries.
The leading manufacturing company Schunk GmbH & Co. KG has a strong position in the United Kingdom market. The company provides different types of grippers, including pneumatic, electric, and designed grippers to satisfy the needs of end-users in the country. Shadow Robot Company is another leading manufacturer that develops dexterous robotic hands. It is utilized in several sectors, including research, healthcare, and manufacturing.
The United Kingdom robotic gripper market is estimated to continue to uplift by the key manufacturers performing their duties with expertise. These manufacturers invest huge amounts in research and development activities to innovate sophisticated grippers.
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The manufacturers can expand the global market through various steps, including:
Research: Manufacturers focus on research activities to carry out unique ideas to develop innovative and creative products. These manufacturers can provide cost-effective robotic grippers for several industries through research and development.
Customization: Manufacturers provide customized products to their clients to fulfill their specific needs. For instance, the client wants a robotic gripper to handle loads for automotive purposes, and the food industry requires a gripper for food safety.
Collaboration: Manufacturers are collaborating with key companies to expand their reach and for more integration. For instance, robotic arms manufacturers can collaborate with grippers to provide a better solution to their end users.
Training and Support: The manufacturers provide trial and training to their consumers to ensure they use these devices easily and comfortably.
These are the few steps on which the manufacturers can expand the market globally.
The prominent players are playing a vital role in the global market. These players launch new products while investing their million-dollar amount in research and development activities. The essential players are adopting several marketing methodologies to upsurge the global market. Including collaborations, product launches, partnerships, acquisitions, and mergers.
Other Essential Players in the Market are:
Recent Developments in the Global Market are:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Product Type, Application, End Use, Region |
| Key Companies Profiled | 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; Onrobot; Bastian Solutions; Coval Vacuum Technology Inc.; Brenton Engineering; Kuka Roboter GmbH; Destaco |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The robotic grippers market is worth USD 1.7 billion in 2023.
The robotic grippers market is predicted to rise at a 9.4% CAGR through 2033.
The robotic grippers market is estimated to be worth USD 4.3 billion by 2033.
The 2-jaw grippers segment leads, acquiring 19.2% of the market share in 2023.
The United States dominates, securing 45.3% of the robotic grippers market share by 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Vacuum Grippers 5.2. Pneumatic Grippers 5.3. Hydraulic Grippers 5.4. Servo-Electric Grippers 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. General Assembly 6.2. Material Handling 6.3. Inspection 6.4. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-Use Industry 7.1. Automotive & Transportation 7.2. Electronics & Semiconductors 7.3. Chemical & Pharmaceutical 7.4. Logistics 7.5. Food & Beverages 7.6. Healthcare 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. SCHUNK GmbH & Co. KG 16.2. Soft Robotics, Inc. 16.3. Piab AB 16.4. Applied Robotics 16.5. ABB Limited 16.6. Grabit Inc. 16.7. Yaskawa America, Inc. 16.8. J. Schmalz GmbH 16.9. Festo AG & Co. KG 16.10. Onrobot 16.11. Bastian Solutions 16.12. Coval Vacuum Technology Inc. 16.13. Brenton Engineering 16.14. Kuka Roboter GmbH 16.15. Destaco 17. Assumptions & Acronyms Used 18. Research Methodology
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Robotic Grippers Market
