Centric Grippers Market Size, Share, Growth, and Industry Analysis by Type (2-Finger Gripper, 3-Finger Gripper, and 4-Finger Gripper) By Application (Robotic Arm, CNC Lathe Machines, Packaging and Palletizing, and Others) Regional Forecast To 2033

• 

   Request a Free Sample To Get More Information on this Market

CENTRIC GRIPPERS MARKET REPORT OVERVIEW

The global Centric Grippers Market size was valued at approximately USD 2.6 billion in 2024 and is expected to reach USD 7.33 billion by 2033, growing at a CAGR of about 12.2% during the forecast period.

A gripper is a tool that makes it possible to manipulate the holding of an object. Use the human hand as an analogy to describe a gripper more easily. A gripper allows for the holding, tightening, handling, and releasing of an object, just like a hand. One element of an automated system is a gripper. Centric grippers offer the actual contact between a robot arm and a work item. In this scenario, end-of-arm tooling is an essential component of the robot. Grippers aid in the grasping, handling, and releasing of things in a manner analogous to the human hand. In essence, it is a component of an automated system.

Centric grippers may also be a component of an automation system or a robot's attachment. The gripper is connected to a source of pressurized air. The centric grippers close when air pressure is applied to the piston; it opens when stress is released. It is therefore founded on air pressure. For instance, factories are continually increasing their productivity, output, and overall cost; as a result, automation is permeating a wide range of application fields globally. The current industrial environment is evolving more and more as a result of cutting-edge technology like artificial intelligence and the internet of data analytics.

COVID-19 IMPACT

"Halt on Manufacturing Operations to Slower Market Growth"

Due to the rigorous government regulations on manufacturing and output, the centric grippers market is anticipated to suffer during the COVID-19 pandemic. The lack of raw supplies is a result of transportation activity restrictions. Also, the sales of centric grippers are expected to gradually fall as manufacturing sites close. The distribution of part-time shifts has, nevertheless, marginally raised the demand for the good. As a result, until the pandemic is over, the centric grippers market is anticipated to rise gradually.

LATEST TRENDS

"Improved Industrial Processes to Boost Market Growth"

By incorporating technology, businesses would be able to save time, speed up their operations, improve security, and meet predetermined objectives. They provide outstanding grip and raise process operational safety. Centric grippers have exceptional damage resistance and can endure extreme temperatures. Moreover, centric grippers improve industrial processes by utilizing cutting-edge computerized systems and cutting-edge technologies like machine learning (ML) and artificial intelligence (AI). As a result, this factor may accelerate the centric grippers market expansion shortly.

CENTRIC GRIPPERS MARKET SEGMENTATION

By Type Analysis

As per the type, the market is classified as follows: 2-Finger Gripper, 3-Finger Gripper, and 4-Finger Gripper. The 2-finger gripper type is expected to dominate the centric grippers market.

By Application Analysis

Based on application, the market is segmented as follows: Robotic Arm, CNC Lathe Machines, Packaging and Palletizing, and Others. The robotic arm leads the centric grippers market share.

DRIVING FACTORS

"Increased Adoption of Centric Grippers to Facilitate Market Development"

To increase productivity, optimize processes, and increase efficiency, many industries, including the automotive, electronics, and food and beverage industries, have shifted their focus to industrial robots. As a result, the centric grippers market is expanding due to demand from these sectors. The centric grippers market is expanding due to technical developments like artificial intelligence and the Internet of Things, as well as improvements in mobility and gripping technologies that have led to adaptive centric grippers.

"Increased Production of New Grippersto Promote Industry Progress"

Digital technology has also compelled manufacturers to design and construct new grippers for a range of uses, increasing their adaptability to shifting industrial requirements. Centric grippers are used in industrial settings such as material handling, warehouse management, packing, shipping, and more since there is currently a great emphasis on developing flexible and smart grippers by leveraging various sensors. The use of 3D printing in the centric grippers is anticipated to have immense promise in the future.

RESTRAINING FACTORS

"High Installation Cost to Hinder Market Growth"

Nonetheless, high initial costs and installation costs continue to be major barriers to the growth of the centric grippers market. Due to a scarcity of trained labor and skilled people to plan and operate such technology, businesses are also reluctant to invest in centric grippers. The centric grippers market growth, however, is constrained by a lack of competent workforce for using centric grippers.

• 

   Request a Free Sample To Get Analysis on Major Geographic Market

CENTRIC GRIPPERS MARKET REGIONAL INSIGHTS

"Increase in Demand to Propel Market Progress in Asia"

The Asian region with the largest centric grippers market share in 2021 is anticipated to hold this position for the duration of the forecast. This is due to several elements, including the existence of sizable manufacturing sectors in nations like China, India, Japan, and South Korea, which are continually expanding their production capacity to meet the rising consumer demand. Due to the rapid use of centric grippers in the region and their versatility for a wide range of designs and parts, the Asian centric grippers market is anticipated to expand at a significant CAGR during the forecast period.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies also adopt strategies such as partnerships, mergers, and acquisitions to strengthen their market position.

List of Top Centric Grippers Companies

• SCHUNK (Germany)
• Thinkbot Solutions LLC (U.S.)
• KCC (South Korea)
• DOLD Mechatronics (Germany)
• MTDCNC (U.K)
• ONROBOT (Denmark)
• SMC (Japan)
• DH-Robotics (China)

REPORT COVERAGE

The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants that includes the market and the potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.