1. What is the projected Compound Annual Growth Rate (CAGR) of the Robotic Gripper Market?
The projected CAGR is approximately 10.1 %.
Robotic Gripper Market by Type (Vaccum Grippers, Pnuematic Grippers, Hydraullic Grippers, Servo-Electric Grippers), by Application (General Assembly, Material Handeling, Inspection, Others), by End-Use Industry (Automotive & Transportation, Electronics & Semiconductors, Chemical & Pharmaceutical, Logistics, Food & Beverages, Healthcare), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2025-2033
The Robotic Gripper Market size was valued at USD 1.5 USD billion in 2023 and is projected to reach USD 2.94 USD billion by 2032, exhibiting a CAGR of 10.1 % during the forecast period. A robotic gripper is an apparatus that is miniature in design and which is graduated to come across objects and then use its interior organs to deal with these items within automation jobs. There are numerous types such as parallel grippers in which two or more jaws move in parallel to clamp objects, angular grippers that make use of rotating jaws to employers objects, and suction cups where the objects are stuck by vacuum. The capabilities of robotics grippers can also differ from each other by using precision, flexibility, and the type of form . Some of the uses include sensitive operations involving part handling in an assembly line and sorting and moving packages in a logistics line. They are, however, crucial in increasing the effectiveness and performance of automated procedures.
Robotic Gripper Market Trends
The robotic gripper market is witnessing several key trends:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 10.1 % from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 10.1 %.
Key companies in the market include Festo, Schunk, Piab, Weiss Robotics, Epson, igus, Denso, Robotiq, ATI, Universal Robots.
The market segments include Type, Application, End-Use Industry.
The market size is estimated to be USD 1.5 USD billion as of 2022.
Rising Demand from the Automotive and Construction Sectors to Aid Market Growth.
Technological Advancement in Equipment to Propel Market Growth.
High Maintenance & Installation Cost Associated with Kiosks to Restrain Market Growth.
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