Modular Grippers Market Size, Share, Growth, and Industry Analysis, By Type (Electric Grippers, Pneumatic Grippers, and Others), By Application (Automotive Manufacturing, Electronics or Electrical, Metal Products, Food or Beverage or Personal Care, Rubber or Plastics and Others), Regional Insights, and Forecast To 2032

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Modular Grippers Market REPORT OVERVIEW

The global modular grippers market size was USD 1.03 billion in 2024 and market is projected to touch USD 1.3 billion by 2032, exhibiting a CAGR of 3.0% during the forecast period.

Modular grippers are a type of gripper that can be added to a robot in order to give it additional gripping power. These typically consist of a set of teeth that fit over the robot’s gripping end, just like normal grippers, but they can also be made with a number of other features, such as an axle that allows them to move up and down along the robot’s arm. These extra features allow them to perform different functions, such as turning or getting into tight spaces, additions that make them more useful for certain applications.

It is often used on industrial robots because it can easily be added to existing robots without the need for significant redesign. This makes them a cost-effective solution for businesses who want to add extra power without having to replace their entire robotic arm. They can also be used by hobbyists and researchers who are looking for new ways to explore robotics and build their own creations. It can also be used for handling small, bulky objects, such as nuts and bolts, or assembling large parts of a product. In this application, the gripper is made up of a bunch of modules that can be attached to each other to create different shapes and sizes.

COVID-19 Impact: Slow Production Led to a Halt in the Market Growth

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The modular grippers market is one of the fastest growing technology markets in the world. It is a growing business for many companies. Due to the circumstances provided by the pandemic, this industry was also suspended during the pandemic. The pandemic hit humanity in all aspects, including health, education, and the economy. It is affected mainly due to the halt in the manufacturing industry, not only of this particular industry but also of the dependent industries. Anyway, the economy is on its way to the path of growth after the hard form of pandemic.

LATEST TRENDS

"Popularity Among Robotic Industry Lead a Rise in Market Demand."

At the moment, the modular gripper market is in its infancy. It has yet to make a significant impact on the broader industrial robotics industry, but there is plenty of room for growth. It is still very much in its infancy, but there are a few key trends that are driving its development. The first is the demand for more versatile and compact robots. This is driven by a combination of factors, including increased automation needs, rising energy costs, and resource constraints. The second is the need for more modular robots. This is due to the growing trend towards plug-and-play solutions that allow customers to easily swap out different components depending on their exact needs.

Modular Grippers Market SEGMENTATION

• By Type

Based on type; the market is divided into Electric Grippers, Pneumatic Grippers, and Others

Electric Grippers is the leading part of this segment.

• By Application

Based on application; the market is divided into Automotive Manufacturing, Electronics or Electrical, Metal Products, Food or Beverage or Personal Care, Rubber or Plastics and Others

Automotive Manufacturing is the leading part of the application segment.

DRIVING FACTORS

"Desirable Features of the Product Lead to a Market Growth"

One advantage of modular grippers is that they can be easily customized to fit the specific needs of the user. For example, if a particular handle is too short or long, it can easily be adjusted to fit the user's hand. Another benefit is that they are easy to dismantle and clean. This means that the end user can simply remove the dirty modules and wash them in order to keep them clean and hygienic. It is convenient to use in those end-user industries with its unique and desirable features. So the industry is burgeoning at a significant pace during the forecasting period.

"Arrival of New Companies Lead to a Market Growth"

Even though there are many companies in the market today creating modular grippers, there is still room for new entrants to gain traction in this fast-growing industry. The main factors that determine success in the modular gripper market include product innovation, cost competitiveness, and scalability; all of these factors will play a role in determining who wins the day. These devices are often powered by electric motors or pneumatic systems, and sometimes by hydraulic systems as well. They can be used for a variety of applications, including assembly, maintenance, and inspection. Because they are modular, they can be custom-sized to fit different tasks.

RESTRAINING FACTORS

"Lack of Product Knowledge Hinder the Market Growth"

Modular grippers are still in their early stages. There are different kinds of grippers available on the market. It is important to have a complete understanding of the product before choosing the one that is suitable for a particular application. Since it is still in its initial stage, the lack of knowledge and awareness about the product is a big drawback in the modular grippers market growth. Popularity of the product has begun and a sudden increase in market growth is yet to be experienced.

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Modular Grippers Market REGIONAL INSIGHTS

"North America to Lead Market Owing to Industrialization"

The modular grippers market share is expected to increase significantly during the forecasting period in the north American region owing to its increasing manufacturing industry. The region is filled with a number of automotive, electronic, and robotic industries, which are the end-user sectors for the modular grippers market. There is research and development happening, and the application is wide compared to the other geographical regions.

KEY INDUSTRY PLAYERS

"Prominent Players in the Market to Boost Market Growth"

This market's data was compiled from a variety of sources. Trade journals, professional association statistics, university studies, and government reports are just a few examples. Information is gathered from producers, distributors, sellers, retailers, micro-experts, and other market participants in addition to these primary sources. The report contains details on industry participants and their local activities. Data collection and reporting methods include partnerships, technological advancements, acquisitions, mergers, and industrial facility expansion, to name a few.

LIST OF TOP Modular Grippers COMPANIES

• Amer Sports (Finland)
• Skis Rossignol (France)
• K2 Sports (U.S.)
• Fischer Sports (Austria)
• Tecnica (Italy)
• Burton (U.S.)
• The North Face (U.S.)
• HEAD UK Ltd. (U.K.)
• Swix Sport (Norway)
• Dynafit (Germany)
• Black Diamond Equipment(CLAR) (U.S.)

REPORT COVERAGE

The research includes a thorough examination of the current state of the market, including raw materials, technology, and equipment, as well as supply and demand, production capacity, and industry chain analysis. This research evaluates both the market potential and the market risks associated with the emergence of specific categories. The impact of the key market drivers and restraints on market growth is also evaluated. Major firms' performance is evaluated over time, and their effects on market dynamics are investigated.