Pneumatic Grippers Market Report Overview
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The pneumatic grippers market size is anticipated to be worth USD 802.8 million in 2022 the market is projected to touch USD 971.76 million by 2030 with a Compound annual growth rate (CAGR) of 2.4 % during the forecast period. The sudden rise in CAGR was brought on by the market's expansion and the demand levelling down after the pandemic is over.
A pneumatic gripper is a type of pneumatic actuator. It involves parallel or angular motion of surfaces. It also consists of tooling jaws or fingers that can grip an object. Compresses air is used by the pneumatic gripper to power a piston rod present inside the tool.
Pneumatic grippers are used in sectors like robotics and laboratory processing. They are in high demand in different markets due the functions performed by them. They are available in different types. This is considered as the latest trend in the market. Such new developments are fueling the market growth.
This equipment is highly cost-effective, and can easily adjust the gripping force. It is extensively used in robotics, pharmaceutical industries, biotech sectors, automation, and, plastic molding. All of these factors have helped in the growth of the pneumatic gripper market share.
COVID-19 impact: Sudden Decline in The Operation of Factories Decreased the Market Growth
The pandemic of COVID-19 created a lot of problems in many markets across the world. The effect of the pandemic was seen on the operations of the factories and industries. There was a sudden halt in the operation of these industries due to reasons such as insufficient raw materials, and reduced labor force. This created a disruption in the functioning of various sectors.
Pneumatic grippers are used in pneumatic systems for the purpose of holding or grasping parts of machines. They also perform functions like moving, inserting, and stacking the parts of a machine. Hence these pneumatic grippers are used in many factories for assembling the parts. When the industries stopped their operations temporarily. This reduced the demand for pneumatic gripper during the period of pandemic.
LATEST TRENDS
"Application of Pneumatic Grippers in Various Industries to Increase Market Growth"
Pneumatic grippers are versatile tools and are used in a lot of industries. The versatility of this equipment is driving its market growth. Pneumatic grippers are used in industries like robotics, laboratory processing, semiconductor manufacturing and sensor manufacturing.
Grippers are available in multiple styles which are adaptable to different situations. Some of these types include parallel grippers and angular grippers. They use a rack and piston arrangement. They are made up of two to four jaws. The multiple applications of pneumatic grippers and availability of different types is the latest development in the market.
Pneumatic Grippers Market Segmentation
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- By Type:
The market can be divided on the basis of type into the following segments:
Two-finger electric gripper, three-finger electric gripper, and, others. The two-finger electric gripper segment is anticipated to dominate the market during the forecast period.
- By Application:
Classification based on application into the following segment:
Automotive manufacturing, electronics/electrical, metal products, food/beverage/personal care, rubber/plastics, and, others. The automotive manufacturing segment is predicted to dominate the market during the research period.
DRIVING FACTORS
"Cost Effectiveness and Adjustable Gripping Force Provided by Pneumatic Gripper to Accelerate the Market Growth"
These grippers are used in some of the most advanced industries like robotics, pharmaceutical industries, biotech sectors, automation, plastic molding, and medical device manufacturing. These equipments make use of compressed air to operate gripper jaws.
Pneumatic grippers have certain features that make them adaptable to several fast-growing industries. They are light weight, and are very cost effective. They also exercise high gripping force, and they have the ability to grip different workpiece configurations. Also, the gripping force is adjustable. All of these features of pneumatic grippers have created vast growth opportunities for the market. This is positively impacting the pneumatic gripper market share.
"Convenience of Using These Grippers to Propel Market Growth "
Pneumatic grippers are very easy to operate. They are used in performing variety of activities like lifting oversize loads, transferring materials, camming and indexing, part handling, part ejection, and fixturing, and clamping. A single equipment is capable of performing several activities. This a very significant advantage of these grippers.
There are majorly three types of grippers. They are parallel flippers, angular grippers, and, customs units. These grippers are used in the manufacturing of aerospace equipments, appliances, automotives, medical, and electronic packages. These factors are propelling the pneumatic grippers market growth.
RESTRAINING FACTOR
"Limited Ability of Pneumatic Grippers to Control Their Functions to Bring Down the Market Growth"
The biggest disadvantage of using pneumatic grippers is that they have limited ability or control over its function. These grippers cannot control the speed, force, or their positioning while operating.
Controlling speed is very important while operating a machine. Pneumatic grippers have minimal control over their speed. Especially when the arms of a robot machine are moving controlling speed becomes highly difficult. This makes the operation of pneumatic grippers very difficult. This can be a major restraining factor for the market growth.
Pneumatic Grippers Market Regional Insights
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"North America to Dominate Market in Upcoming Years"
North America is one of the fastest growing regions in the pneumatic gripper market. The major reason for the tremendous growth in the North American region can be attributed to the significant number of industries and factories present here. Industrialization has also created a vast scope for the pneumatic grippers market.
Aerospace is also one of the rapidly developing sectors in a lot of countries in North America. Besides this the medical industry, electronics market and biotech sectors have developed well in the past decade in North America. The growth of all these sectors in North America countries has fueled the development of the product.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market. A lot of developments have been witnessed in the market.
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 (Taiawn)
- Camozzi (Italy)
- Zimmer (U.S.)
- Sichuan Dongju (China)
Report Coverage
The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. Information regarding key market players is also provided to get an outlook about the competition in the market.
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 |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is pneumatic grippers market expected to touch by 2030?
The pneumatic grippers market is projected and estimated to touch USD 971.76 million by 2030.
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What CAGR is the pneumatic grippers market expected to exhibit by 2030?
The pneumatic grippers market is expected to exhibit a CAGR of 2.4% by 2030.
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Which are the driving factors of the pneumatic grippers market?
This equipment is highly cost-effective and can easily adjust the gripping force. It is extensively used in robotics, pharmaceutical industries, biotech sectors, automation, and, plastic molding.
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Which are the top companies operating in the pneumatic grippers market?
SCHUNK, SMC, Destaco, IAI, Parker Hannifin, Festo, Yamaha Motor, and, SMAC are the top companies operating in the pneumatic grippers market.