Pneumatic Gripper Market Report Overview
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The global pneumatic gripper market size was USD 802.8 million in 2022 and the market is expected to reach USD 971.76 million in 2030, exhibiting a Compound annual growth rate (CAGR) of 2.4% during the forecast period.
The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Compressed air is used to power a piston or a rotating diaphragm connected to a rod in pneumatic grippers in order to provide motion and actuation. The rod's subsequent motion is then mechanically transformed into a grasping motion of some kind. Typically, grippers come with either parallel or angular jaws. According to the definition of "parallel," the grasping surfaces of the jaws should always be parallel to one another while the gripper moves.
Pick and place, assembling, and packaging are just a few of the uses for pneumatic grippers in a range of sectors. The food and beverage industry is the second-largest end-user of grippers after the automotive sector. The primary factor fueling the expansion of the pneumatic industry is the rising demand for automation across a variety of sectors.
COVID-19 Impact: Global Lockdowns Ensured Adverse Effect on Sales and Resulting Negative Effect on the Market
The COVID-19 pandemic had halted the development of several goods in the worldwide pneumatic gripper business, mostly because of the protracted lockdown in important global nations. Due to this, the gripper market's expansion was considerably constrained. In 2020 and the first half of 2021, COVID-19 had an adverse effect on sales from the end use industries, which had a negative effect on market growth for the entire year. Previously, the U.S., Italy, and other large manufacturing nations that were severely impacted by the virus' spread were the main markets for the products, and thus slowed the need for the grippers.
Latest Trends
"Introduction of X-Series of Grippers made with Control System’s Versatility to aid Customers in Grip Functionality "
Five distinct types of the X-series two-finger electric gripper, or X for specialists, are available based on the needed force and gripping stroke. This series is distinguished by the control system's versatility made possible by the second-generation gripper controller XEG-C2. Depending on the object, users have the option of running the gripper in control algorithm with the shift function for quick placement or in force control with the grip functionality to grasp objects with a programmed specific intensity.
Pneumatic Gripper Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Two-Finger Electric Gripper, Three-Finger Electric Gripper and Others
- By Application Analysis
Based on application, the market can be divided into Automotive Manufacturing, Electronics/Electrical, Metal Products, Food/Beverage/personal Care, Rubber/Plastics and Others
Driving Factors
"Utilization in a Variety of Industries Promote the Market and Drive the Demand for these Grippers"
The pneumatic grippers are indispensable in a variety of industries, including the automotive, food and beverage, and metal extraction. These grippers are widely utilized to accomplish precise jobs like frequent insertion, dispensing, screw driving, and labeling in fast-moving sectors like automotive & subcontractors. The capabilities of them in the metal and machine industry assist in supplying the machine's empty space with raw materials and then removing the scrap when the machine has completed its task. Additionally, the pneumatics are used in supply chain tasks like packaging and equipment maintenance for food and drinks. The grippers can operate in a variety of harsh environments, including humid greenhouses, frigid environments, and even scorching ovens. These elements are increasing demand for the grippers across a variety of industries.
"Characteristics Offered by the Grippers make their Utilization Simple and Easy"
Two-finger electric grippers provide a variety of characteristics, including automation, completely integrated software, simple control panels, and simply configurable devices. When employed repeatedly to carry out the same activities, electric grippers can work nonstop without incurring a significant cost. These grippers may be simply shifted from one manufacturing line to another and during peak productivity times since they are lightweight and simple to programme. As temporary and new employees can easily be trained to use electric grippers and cut downtime, collaborative automation is flexible and economical for them to use. Electric grippers' technical advantages are propelling the market.
Restraining Factors
"High Costs Associated with the Design and Tools of the Gripper Hinder the Industry Expansion"
Pneumatic grippers are utilized in a multitude of sectors for a broad array of applications, nevertheless despite various advantages, they also have a number of disadvantages. The costly price of the grippers is one major negative. The implementation of automation manufacturing is frequently hampered by the high costs of specialized gripper layouts and tools. Consequently, this restrains the pneumatic gripper market growth over the foreseeable timeframe.
Pneumatic Gripper Market Regional Insights
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"Extensive Utilization in Various Industries in the Region is Piloting the Growth of North America"
In 2019, the market for electric grippers was dominated by North America. Pneumatics are becoming more widely available, and they are being used extensively in the automotive, electronics, handling of materials, and packaging sectors of the economy in nations like the United States, Canada, and Mexico. As a result, the market in North America is expected to grow at a substantial rate and increase the pneumatic gripper market share. In the near future, it is anticipated that these reasons will increase demand for these grippers.
The market in Asia Pacific is anticipated to grow at a significant rate over the course of the forecast period due to the region's growing industrialization and the quickening pace at which machinery parts are being installed in factories in South Korea, China, India, Japan, and other Southeast Asian nations.
Key Industry Players
"Key Players are Focusing on Product Development and Mergers to Gain a Competitive Advantage over their Competitions"
During the projected period, well-known players in the market may expect to compete fiercely. Manufacturers of these grippers use cutting-edge electrical designs, variable speed, and better output rate and consistency. Aside from that, they intend to introduce other items into the market, including electric grippers that are portable, products that specifically cater to client needs. Businesses are also engaging in mergers and acquisitions or concluding agreements with local distributors and dealers in order to increase their footprint across the globe.
List of Market Players Profiled
- SCHUNK (Germany)
- SMC (Japan)
- Destaco (U.S.)
- IAI (Israel)
- Parker Hannifin (U.S.)
- Festo (Germany)
- Yamaha Motor (Japan)
- SMAC (U.S.)
- Gimatic (Italy)
- PHD (U.S.)
- HIWIN (U.S.)
- Camozzi (Italy)
- Zimmer (U.S.)
- Sichuan Dongju (China)
Report Coverage
This report covers the pneumatic gripper market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2030. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 802.8 Million in 2022 |
Market Size Value By |
US$ 971.76 Million by 2030 |
Growth Rate |
CAGR of 2.4% from 2022 to 2030 |
Forecast Period |
2023-2030 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the global pneumatic gripper market expected to touch by 2030?
The global pneumatic gripper market is expected to touch USD 971.76 million by 2030.
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What CAGR is the pneumatic gripper market expected to exhibit during 2022-2030?
The pneumatic gripper market is expected to exhibit a CAGR of 2.4% over 2022-2030.
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Which are the driving factors of the pneumatic gripper market?
Utilization in a variety of industries promote the market and drive the demand for these grippers and characteristics offered by the grippers make their utilization simple and easy are the driving factors of the pneumatic gripper market.
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Which are the top companies operating in the pneumatic gripper market?
SCHUNK, SMC, Destaco, IAI and Parker Hannifin are the top companies operating in the pneumatic gripper market.