WILMINGTON, DE / ACCESSWIRE / May 29, 2023 / Transparency Market Research Inc. - The global Electric Grippers Market was valued at US$ 486.3 Mn in 2022 and is projected to reach US$ 784.3 Mn by 2031.

Technological advancements in electric grippers pertain to incorporation of novel/advanced human-machine interface system, motors, and sensors and actuators. Considerable innovation in end-of-arm robotics technology in recent years is anticipated to encourage the demand for electric grippers in Industry 4.0 processes in a number of manufacturing industries.

Introduction of 2-finger and 3-finger robotic grippers is likely to broaden market outlook. These grippers are equipped with advanced control mechanism to support a wide range of workpiece gripping applications in modern manufacturing processes. Companies are focusing on launching easy-to-integrate robot arms that can be programmed for several industrial robotics applications in order to increase market share. Rise in adoption of these electric grippers is likely to augment market growth in the near future.

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Key Findings of Study

• Considerable Applications in Packaging and Manufacturing Sectors: Considerable usage of electric grippers for a range of picking and placing applications in packaging and manufacturing sectors is propelling the market. 2-jaw grippers are extensively utilized in these sectors. This is anticipated to augment market size in the next few years. Significant utilization of 3-jaw grippers for machine tending and inspection assembly applications is likely to spur market growth. Multi-point position control, 360o continuous rotation ability, and capability to handle heavy loads are key product attributes that are projected to bolster the popularity of 3-jaw electric grippers in industrial automation applications. Rise in R&D in 3-jaw self-centering electric gripper is anticipated to offer significant business opportunities to companies in the next few years. Manufacturers are integrating next-generation microprocessors in these grippers to improve functionalities.
• Rapid Adoption of Robotic Grippers in Multiple End-use Industries: Surge in utilization of robotic grippers in multiple end-use industries especially automotive and food & beverages industries is accelerating market development. Considerable demand for automated end-of-arm equipment is likely to augment market growth.

Key Drivers

• Rapid expansion of manufacturing and packaging sectors is a key factor driving the electric grippers market. Considerable pace of adoption of robotics in these sectors is significantly augmenting the demand for electric grippers.
• Steady technological advancements in industrial workpiece grippers are likely to result in development of end-of-arm tooling with high gripping power, better positioning ability, and advanced speed control. Rise in focus on precision of end-of-arm tooling used in the food & beverage sector is anticipated to boost the electric grippers industry.

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Regional Growth Dynamics

• North America is projected to constitute the leading share of the global electric grippers market from 2023 to 2031. Extensive demand for advanced end-of-arm tooling in the manufacturing sector, especially the U.S., is expected to propel the market. Rise in utilization of electrical grippers in pick-and-place applications in the food & beverage industry is likely to augment the market size in North America. Rapid penetration of Industry 4.0 technologies is also estimated to fuel the market in the next few years.
• Europe and Asia Pacific offer significant growth opportunities for manufacturers of electric grippers. Considerable investments in automation technologies in the manufacturing sector are anticipated to drive the market in these regions from 2023 to 2031.

Competition Landscape

Leading players are focusing on merger & acquisition and product portfolio expansion to sustain competition in the electric grippers market. Key companies are making sizable investments in end-of-arm robotics technology in order to develop innovative grippers.

Prominent companies operating in the electric grippers market are

• Applied Robotics
• Festo Corporation
• Gimatic Srl
• HIWIN Technologies Corp
• MinebeaMitsumi Inc.
• PHD Inc.
• SCHUNK GmbH & Co., KG
• Zimmer Group
• Yamaha Motor Co., Ltd
• Parker Hannifin India Pvt. Ltd

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Electric Grippers Market Segmentation

Type

• 2-finger Gripper
• 3-finger Gripper
• Above 3-finger Gripper

Drive Type

• Electric
• Pneumatic

Stroke Range

• Below 10mm
• 10mm - 20mm
• 20mm - 40 mm
• 40 mm - 80 mm
• Above 80 mm

End-use

• Automobile
• Food & Beverage
• Medical & Cosmetics
• Electronics
• Others

Distribution Channel

• Direct
• Indirect

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