Vacuum Sucker Market Report Overview
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The global vacuum sucker market size was USD 689.4 million in 2022, as per our research, the market is projected to touch USD 1163.38 million by 2031, exhibiting a CAGR of 6.0% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with vacuum sucker experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
Vacuum suckers are the link between the work piece and the handling system. The product consists of a suction cup and connecting element.
The growing pick-and-place application in several end-user sectors drives the vacuum sucker market growth. Rapid technology advancement in suction cup technology and growing demand from industries are projected to flourish market growth. An increase in the implementation of automation is anticipated to create an opportunity for market progress. Further, growing need to move or grip objects for pick-and-place applications in automotive, food & beverage, woodworking, semiconductor, metalwork, and electronics. Such broad usage of the applications by several end-user is anticipated to drive market progress. The sucker has several advantages, such as being light, compact, simple, low maintenance, and inexpensive, which are predicted to surge market growth in the forthcoming years. The market is anticipated to witness significant opportunities from emerging countries, and growing marketing activities are estimated to flourish market growth. On the contrary, the availability of substitutes and difficulty in lifting porous materials are anticipated to restrain market progress in the upcoming years.
COVID-19 Impact: Pandemic Affected Manufacturing Activities Due to Shutting of Industries
The arrival of the COVID-19 pandemic affected manufacturing activities due to the shutting of industries. Closure of end-user sectors to halt market progress. However, the pandemic shifted consumer preferences towards online shopping due to the shutting of physical stores, which is anticipated to recover market growth.
LATEST TRENDS
"Increased Demand from Packing Applications to Flourish Market Growth "
Growing demand for packing applications due to the rise in e-commerce and online shopping adoption. Huge need for high-quality packing while shipping activities is anticipated to boost equipment adoption. Further, high demand to minimize human intervention is projected to increase equipment popularity. The equipment ensures the safe handling of materials, and the growing adoption of automation in the packaging sector is anticipated to accelerate market progress in the forthcoming years. Increased adoption of advanced technology and growing industrialization is predicted to fuel market growth in the upcoming years.
Vacuum Sucker Market Segmentation
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- By Type
Based on type, the market is divided into silicone, nitrile, rubber, vinyl, urethane, and others.
Silicone is expected to be the top part of type segmentation
- By Application
Based on the application, the market is divided into metal, paper, glass, wood, plastics, composite, and others.
Metal is expected to be the top part of application segmentation.
DRIVING FACTORS
"Growing Adoption in End-User and Several Advantages to Accelerate Market Growth "
The vacuum sucker market growth is driven by the growing application of pick-and-place in several end-user sectors. Rapid technology advancement in suction cup technology and growing demand from industries are projected to flourish market growth. An increase in the implementation of automation is anticipated to create an opportunity for market progress. Further, growing need to move or grip objects for pick-and-place applications in automotive, food & beverage, woodworking, semiconductor, metalwork, and electronics. Such broad usage of the applications by several end-user is anticipated to drive market progress. The sucker has several advantages, such as being light, compact, simple, low maintenance, and inexpensive, which are predicted to surge market growth in the forthcoming years.
"Rising Need to Handle Fragile Materials to Surge Market Progress"
The growing need to handle fragile materials is expected to fuel market growth. High demand for the equipment while lifting material and shifting from one place to another. The sucker is capable of movement or picking wide ranges of products such as sheet metals, bottles and bags, wooden boards, bricks, and pipes. The equipment has high-speed motion applications while picking gentle and delicate products, which is anticipated to accelerate market growth in the upcoming years. Increased industrialization and growing disposable income of growing population is expected to aid market opportunities. Presence of key manufacturing ongoing product development is creating market opportunity throughout the estimated period.
RESTRAINING FACTORS
"Availability of Substitutes and Difficulty in Lifting Porous Materials to Restraint Market Growth "
The availability of substitutes and difficulty lifting porous materials are anticipated to restrain market progress in the upcoming years.
Vacuum Sucker Market Regional Insights
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"Increased Industrialization in Asia Pacific to Drive Market Share "
Asia Pacific is anticipated to hold the largest vacuum sucker market share due to increased industrialization. Rising number of manufacturing sectors and advancement in the packing sector. Growing demand from food & beverage sectors is anticipated to fuel market growth. Further, growing need to move or grip objects for pick-and-place applications in automotive, food & beverage, woodworking, semiconductor, metal work, and electronics. Such broad usage of the applications by several end-user is anticipated to drive market progress. The sucker has several advantages, such as being light, compact, simple, low maintenance, and inexpensive, which are predicted to surge market growth in the forthcoming years. The market is anticipated to witness significant opportunities from emerging countries and growing marketing activities are estimated to flourish market growth.
KEY INDUSTRY PLAYERS
"Leading Players Adopt New Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- SMC Corporation (Japan)
- Schmalz (India)
- Aventics (Germany)
- PISCO (France)
- Piab (France)
- Festo (Germany)
- DESTACO (Dover) (France)
- Myotoku
- VMECA
- ANVER
- FIPA
- Coval
- VUOTOTECNICA
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 689.4 Million in 2022 |
Market Size Value By |
US$ 1163.38 Million by 2031 |
Growth Rate |
CAGR of 6% from 2022 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the vacuum sucker market expected to touch by 2031?
The global vacuum sucker market size is expected to reach USD 1163.38 million by 2031.
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What CAGR is the vacuum sucker market expected to exhibit by 2031?
The vacuum sucker market is expected to exhibit a CAGR of 6.0% by 2031.
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Which are the driving factors of the vacuum sucker market?
Drivers of this vacuum sucker market are growing adoption in end-user and several advantages and rising need to handle fragile materials.
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Which are the top companies operating in the vacuum sucker market?
SMC Corporation, Schmalz, Aventics, PISCO, Piab, Festo, DESTACO (Dover), Myotoku, VMECA, ANVER, FIPA, Coval, and VUOTOTECNICA are the top companies operating in the vacuum sucker market.