Robotic Gripper Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

A robot gripper is an end-effector or end-of-arm tooling that is attached to the end of the arms of industrial robots. Robot grippers are mainly utilized for material handling. Robot grippers are the physical interface between a robot arm and the work piece. Robot grippers can grasp, hold, lift, and move materials. Robot gripper works like a human hand. Robotic grippers are also available with finger structure. One of the many benefits of material handling robots is the reduction of part damage. Different types of robot grippers are available for different operations. Robot grippers are ideal for heavy load handling. Moreover, these robots can work in high temperatures where it is difficult for humans to operate. 

COVID-19 scenario analysis:

• COVID-19 pandemic has shut-down the production of various products in the global robotic gripper industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the global robotic gripper market significantly from last few months, as is likely to continue during 2020.
• COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Manufacturers of robotic grippers are constantly looking to introduce advanced and innovative robotic grippers. Due to the push towards factory automation and smart factories, the demand for robotic grippers is expected to grow in the future. The increasing adoption of collaborative robots is another factor driving the market growth. Large e-retailers are also expected to use robotic grippers for warehousing on a large scale in the following years. Robot grippers with two fingers are one of the simplest forms of the equipment. They are suitable for handling industrial products and are easy to manufacture.

The global robotic gripper market trends are as follows:

Rise of Smart Technologies

Technologies like IoT, data science, machine learning, and artificial intelligence have helped develop industrial robotics massively. Manufacturers are trying to introduce different types of grippers to ensure a more reliable pick-and-place operation in smart factories. This modularity ensures that the grippers do not have to be changed from time to time. This is expected to reduce the cost associated with the change and replacement of parts and subsequent downtime in production. Smart technologies have enabled manufacturers to design and develop innovative and customized grippers for different applications. Robot grippers with flexible fingers are growing in popularity in different industries, as they are highly efficient in grasping objects of varying shapes and sizes. Manufacturers are stepping up efforts to develop 3D printed robot grippers. 

Optimal Functionality and Flexibility

Several key industries including the automotive, electronics, and food & beverage among others have increased their focus on industrial robotics and automation in their efforts to enhance productivity, streamline operations, and maximize their output. Robotic grippers are used to perform a range of applications in an industrial environment including, material handling, warehouse management, packaging, logistics, and more. There is also a growing new space for robotic grippers in the e-commerce industry. Manufacturing industry especially automobile sector is extensively using advanced robotic grippers to ensure quality of their products. Robotic grippers can also be used as tools to serve various purposes in difficult manufacturing operations such as spot welding in an assembly, spray painting where uniformity of paint job is necessary. Robotic grippers are also used extensively in industries like healthcare and pharmaceuticals. The pneumatic grippers are compact and lightweight. Also, pneumatic grippers can be easily integrated to tight spaces. In the oil & gas industry, hydraulic grippers are majorly preferred as they offer high strength. The electrical and electronics industry also utilizes robotic grippers extensively as components such as computer chips, battery, and displays that are small and sensitive need to be handled with high precision. 

Key benefits of the report:

• This study presents the analytical depiction of the global robotic gripper industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global robotic gripper market share.
• The current market is quantitatively analyzed to highlight the global robotic gripper market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global robotic gripper market analysis based on competitive intensity and how the competition will take shape in coming years. 

 Robotic Gripper Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights