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Global Modular Grippers Market is Projected to Reach USD 1039.23 million USD by 2023

Author: QYResearch | Publish date: 2018-05-30 | Views: 52
The Global Revenue of Modular Grippers market was valued at 846.71 M USD in 2017 and is expected to reach 1039.23 M USD in 2023. In the future six years, we predict the CAGR of global revenue is 3.47%.

The industry is concentration, the key brand include SCHUNK, SMC, IAI, Parker Hannifin, Festo, Yamaha Motor, Zimmer, Destaco, SMAC, Gimatic, PHD, HIWIN, Camozzi, Afag, Schmalz, IBG Automation, Sichuan Dongju and Other.

Compared with pneumatic gripper, electric grippers is relatively a new born product; but the market of electric grippers is growing with a quite considerable speed. There are two types of electric grippers which are commonly produced and used, which includes two-finger electric grippers and three-finger electric grippers. Electric grippers is environmentally friendly and much more silent at operating, and they are more suitable than pneumatic gripper in many application situation.

Worldwide, there are a lot of modular grippers manufacturers; and there is growing number of enterprises are entering the market attracted by the market potential. SCHUNK, SMC, IAI, Parker Hannifin and Festo are the top five manufacturers of modular grippers in the market currently; they account more than half of the market total production volume of modular grippers.

North America and Europe are the largest markets of modular grippers currently; but the market of gripper in Asia-Pacific is forecasted to experience a higher growth speed in the following eight years due to the growing downstream demand.

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