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In 2022, sales in the robotic gripper market are anticipated to reach US$ 1.6 billion. By 2028, the market is anticipated to grow at a healthy 9.8 percent CAGR and reach US$ 2.8 billion in value.

A new market research study by Future Market Insights on the robotic gripper market contains a global industry analysis 2014-2021 and an opportunity assessment 2022-2028. The report investigates the robotic gripper market and provides critical insights for the forecast period of 2022-2028.

As per the findings of the report, the global robotic gripper market is anticipated to experience substantial growth over the forecast period, due to multiple driving factors such as the use of smart materials for enhanced capabilities and the growing horizon of applications along with an increased number of end-use industries.

This growth has been significantly driven by an upsurge in the automotive and electronic & semiconductor industry, the introduction of a specific gripper portfolio, and a rise in robotic automation in specific regions such as East Asia.

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Owing to the rapid growth of factory automation in East Asia and other nations including Singapore, Malaysia, and more, the demand for robotic grippers is expected to grow at an impressive pace. According to the FMI analysis, the onset of Industry 4.0 is further expected to increase the adoption of robotic grippers in smart factories. 

A list of Key Players Covered in the Robotic Gripper Market are:

Surplus Growing Opportunities in the East Asia Market

Japan is one of the significant countries in robotic automation and is expected to show an upsurge in the robotic gripper market. South Korea has a high number of robot-10,000 employee ratio, in China is expected to register a high growth rate in recent years, owing to high labour costs and increased automation. These countries have a major share in the global robotic gripper market, hence East Asia is expected to generate substantial growth opportunities for the robotic gripper market.

Use of Innovative Smart Materials to Surge the Market Growth

The global robotic gripper market has been segmented based on the different types of grippers, multiple jaw types, their multiple operations, different segments of applications, end-use industry and regions such as Americas, EMEA (Europe, Middle East and Africa), SAP (South Asia Pacific) and East Asia.

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Robotic Gripper Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global robotic gripper market. A few examples of key players in the market are Soft Robotics, Inc., Piab AB, Applied Robotics, ABB Limited, Grabit Inc., Yaskawa America Inc., J. Schmalz GmbH, Festo AG & Co. KG, Onrobot, Bastian Solutions, COVAL VACUUM TECHNOLOGY Inc., and Brenton Engineering, among others. The global robotic gripper market players are primarily focusing on the development of the product, such as flexible robotic gripper, electrostatic robotic gripper, and vacuum robotic gripper, that can react more and more similar to the human arm and has a wide range of payload capacity for different end-use industries to gain a greater share in the robotic gripper market.

Robotic Gripper Market by Category

Leading players present in the robotic gripper market are aiming to conduct research and development activities to come up with unique electric vacuum grippers to cater to the high demand from factories across the globe. With the ongoing development of smart factories and adoption of factory automation, key players are likely to launch highly innovative products to ensure a reliable pick-and-place operation at the workplace. Meanwhile, some of the other manufacturers are planning to invest huge sums in the establishment of robust distribution networks to compete in the market.

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Explore wide-ranging Coverage of FMI’s Industrial Automation Insights Landscape:

Refrigeration Leak Detector Market : The refrigeration leak detector market is expected to reach the anticipated market value of US$ 107.03 Million by 2032, while it expands its roots in the global market at a lower CAGR of 3.0% (2022-2032). The market holds a revenue of US$ 82.03 Million in 2022.

Clad Pipe Market : The clad pipe market is anticipated to increase from US$ 2,457.4 million in 2022 to US$ 3,779.9 million in 2032. According to FMI, the market is expected to expand at a CAGR of 4.4% over the course of the projected period.

India Electrical Testing Services Market : The global India electrical testing services market is expected to reach a market valuation of USD 192.45 Mn by the year 2022, accelerating with a CAGR of 4.4% by 2022-2032. The electrical testing service market is expected to reach a valuation of US$ 296.02 Mn by 2032.

Middle East Conveyor Belts Market : The Middle East conveyor belts market is expected to grow at a CAGR of 4.6% during the forecast period. The market valuation as on 2022 stands at US$ 207.57 bn, and by 2032, the market is expected to be valued at US$ 325.45 bn. The Middle East conveyor belts market was valued at US$ 199.40 bn in 2021.

Material Handling Equipment Market : According to Future Market Insights, the worldwide material handling equipment market is expected to be valued at US$ 27,345.2 Million in 2022. According to FMI, the worldwide material handling equipment market is expected to grow at a 6.7% CAGR between 2022 and 2032, reaching a valuation of US$ 52,342.6 Million.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

Future Market Insights, Inc Unit No: 1602-006 Jumeirah Bay 2 Plot No: JLT-PH2-X2A Jumeirah Lakes Towers Dubai United Arab Emirates For Sales Enquiries: [email protected] Browse All Reports: https://www.futuremarketinsights.com/reports LinkedIn| Twitter| Blogs

The post Robotic Grippers Market overview 2022 Expectations & Growth Trends Highlighted Until 2028 appeared first on Future Market Insights.

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