Global Modular Grippers market will reach 1080 million US$ by the end of 2025
Published Date: 2019/1/31
Electric gripper and pneumatic gripper are two different types of gripper both widely used in various automation applications. Compared with pneumatic gripper, electric gripper are more cleaner grippers, need no air lines and save on power and maintenance, and electric gripper is more suitable to be used for detect grip.
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.
In the next eight years, the global production of Modular Grippers is forecasted to maintain a 4%-5% annual growth rate, and the production volume is expected in 2023 will be 2130.74 thousand units.
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.
The global Modular Grippers market is valued at 850 million US$ in 2017 and will reach 1080 million US$ by the end of 2025, growing at a CAGR of 3.1% during 2018-2025.
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