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Global Robot Gripping System Market Size Was Valued At $890.17 Million In 2018
Wednesday, 19 Aug, 2020
A robot gripper is an end-effector or sometimes called end-of-arm tooling that is used on industrial robots for material handling, e.g., grasping, holding, lifting, moving and controlling materials. Robot grippers are very important tools because without it, industrial robot cannot be used in material handling application. 

Robot gripping system is meant to replace human hands because they are very good for repetitive cycles, handling heavy loads, and operate under extreme temperatures and environments where human hands cannot operate. Since robot gripping system is usually custom designed for its particular applications, utmost importance should be given to EOAT while designing. 

Robot gripping system is generally used for material handling during processing, palletizing, etc., where end effectors that can be used as tools serves various purposes. Such as, Spot welding in an assembly, spray painting where uniformity of painting is necessary.

Market Segment by Manufacturers, this report covers
Schunk
Festo
SMC
Robotiq
Zimmer
Destaco
EMI
IAI
Applied Robotics
Schmalz
RAD
FIPA
SAS Automation
Bastian Solutions
Soft Robotics
Grabit

The Robot Gripping System market has witnessed significant growth in the past few years, and is expected to maintain this trend during the forecast period. The global Robot Gripping System Market size was valued at $890.17 million in 2018, and is expected to reach at $1325.93 million by 2024, growing at a CAGR of 7.16% from 2019 to 2024.

By industry vertical, the robotics end of arm tooling market is segmented into semiconductor & electronics, automotive, pharmaceuticals, food & beverage, industrial machinery, logistics and others. Automotive industry is likely to hold majority of the market share of the robotics end of arm tooling market by the end of the forecast period (31.63% in 2018). Automation in factories along with need to increase the production capacity of factories is expected to drive the growth of this segment over the forecast period. Food & beverage is the most attractive market owing to the rise in usage of robots to increase the production capacity and efficiency.

One of the major drivers for this market is growth in popularity of cobots. Traditionally, industrial robots used in packaging applications were kept behind barriers or cages to prevent contact from humans by accident. To ensure safety, multiple safety measures regulate the use of these robots, such as restricting their motion to the human-free territory with safety interlocks that halt the robot's movements when humans enter those zones. On the other hand, one of the major factors hindering the growth of this market is high initial cost of robotic implementation.