Robotic Grippers Market Value: Industry to Reach US$ 4.3 billion by 2033

Robotic grippers are pivotal components in the realm of automation, enabling robots to manipulate objects with precision and versatility.

The escalating need for machine grippers in industrial settings, coupled with the growing trend of automation to alleviate manual workloads, underscores a significant shift in modern manufacturing practices.

The robotic gripper market is estimated to secure a valuation of US$ 1.7 Billion in 2023 and is projected to reach US$ 4.3 Billion by 2033. The market is estimated to thrive at a CAGR of 9.4% during the forecast period.

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Here’s a detailed exploration of their significance:

  1. Versatility in Handling: Robotic grippers are engineered to handle a wide range of objects, from delicate and irregularly shaped items to heavy and bulky materials. Their adaptable designs and customizable features make them suitable for diverse applications across industries such as manufacturing, logistics, and healthcare.
  2. Precision and Accuracy: With advanced sensing technologies and precise control algorithms, robotic grippers can grasp and manipulate objects with remarkable accuracy. Whether picking, placing, or sorting components on assembly lines, grippers ensure consistent and error-free handling, contributing to enhanced production efficiency and quality.
  3. Adaptive and Modular Designs: Modern robotic grippers feature adaptive and modular designs that allow for easy customization and integration with different robotic platforms and applications. From vacuum-based suction grippers to mechanical claw-like designs, grippers can be tailored to meet specific operational requirements and performance metrics.
  4. Safety and Ergonomics: Robotic grippers prioritize safety and ergonomics in material handling tasks, minimizing the risk of accidents and injuries in the workplace. Grippers equipped with force-sensing capabilities and collision detection systems can detect and respond to unexpected obstacles or changes in the environment, ensuring the well-being of human operators and bystanders.
  5. Efficiency and Productivity: By automating repetitive and labor-intensive tasks, robotic grippers enhance operational efficiency and productivity in various industrial settings. Grippers equipped with adaptive gripping strategies and real-time feedback mechanisms optimize cycle times, reduce downtime, and increase throughput, ultimately driving cost savings and profitability.

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Recent Developments in the Market are:

  • In 2021, OnRobot announced its new launch of the electric vacuum gripper VGP20. This gripper was designed to provide high-speed packaging with its customized vacuum feature.
  • In 2021, Zimmer Group announced its new gripper, GEP4000. The gripper is designed for heavy loads and provides high gripping force in the manufacturing and automotive sectors.

Prominent players in the robotic gripper market:

  • 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

Authored By: 

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Have a Look at the Related Reports of the Industrial Automation Domain:

Industrial Robotics Market Analysis: The global market is estimated to surpass US$ 220 billion by the end of 2033. The market is rising at a CAGR of 18.9% during the forecast period 2023 to 2033.

Warehouse Robotics Market Outlook: The global market size is projected to expand at a CAGR of 13.7% from 2023 to 2033. It is estimated to reach a valuation of about US$ 4,924.3 million by 2033. The market is projected to cross a valuation of around US$ 1,365.8 million by 2023.

Robotic Lawn Mower Market Overview: It is expected that the market would expand, from US$ 821.76 Million in 2022 to US$ 2,721.23 Million in 2032. According to FMI, the market is anticipated to develop at a CAGR of 11.5% during the forecast period.

About Future Market Insights (FMI):

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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