Modular Grippers Market Trend, Share, Growth, Size and Forecast 2032

Modular Grippers Industry Prospective:

The global modular grippers market size was worth around USD 984.89 million in 2023 and is predicted to grow to around USD 1,285.05 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.00% between 2024 and 2032.

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Modular Grippers Market: Overview

Modular grippers are robotic arms or tools that are used for handling objects in industrial settings. These grippers have a modular design which means that they are made using interchangeable and separate parts allowing for higher customization flexibility. The modular parts of the robotic gripper can be easily replaced or combined to deliver the expected results. There are four main types of modules in robotic grippers including actuators, sensors, suction cups, and fingers. The applications of modular grippers are wide and during the forecast period, the industry is expected to deliver exceptional results. For instance, the most common applications of modular grippers are witnessed in industries such as electronics, food & beverage, agriculture, automated warehouses, and manufacturing or assembly. Modular grippers offer several advantages making them highly desirable across industries. The most common advantage of modular grippers is in the form of cost efficiency since the tool eliminates the need for multiple specific grippers which can lead to higher costs. However, the industry for modular grippers is also plagued by several disadvantages such as the initial high cost of the equipment.

Key Insights:

• As per the analysis shared by our research analyst, the global modular grippers market is estimated to grow annually at a CAGR of around 3.00% over the forecast period (2024-2032)
• In terms of revenue, the global modular grippers market size was valued at around USD 984.89 million in 2023 and is projected to reach USD 1,285.05 million, by 2032.
• The global modular grippers market is projected to grow at a significant rate due to the rising use of modular grippers in the automotive sector
• Based on the application, the automotive manufacturing segment is growing at a high rate and will continue to dominate the global market as per industry projection
• Based on the type, the pneumatic grippers segment is anticipated to command the largest market share
• Based on region, Europe is projected to dominate the global market during the forecast period

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Modular Grippers Market: Growth Drivers

Rising use of modular grippers in the automotive sector will fuel the market expansion rate

The global modular grippers market is expected to witness high growth due to the increasing adoption of smart assembly lines in the automotive industry. This equipment plays a major role in the production of automotive vehicles of all types. They are used during several production processes until the product reaches the final stage. For instance, modular grippers are used for handling vehicle parts including heavier objects such as engines and the outer body of a vehicle. Since modular grippers allow quick and easy changing of the gripper type, these equipment significantly reduce the overall downtime in handling automotive parts. In addition to this, modular grippers are also used across other segments such as quality control, painting, and final packaging. The automotive industry globally has been growing at a steady rate and the forecast period is expected to deliver exceptional growth opportunities as per recent market trends. In emerging economies, the demand for two-wheel vehicles has seen unprecedented growth. These vehicles are more affordable than cars and they are considered an ideal mode of transport for countries with high population density. In April 2024, Honda Motorcycle & Scooter India (HMSI) launched a new and highly sophisticated assembly line at its Global Resource Factory in India’s Haryana region. The new line currently has a production capacity of 600 engines per day for vehicle models ranging between 110cc to 300cc.

Charging demand for electric vehicles (EVs) across passenger and commercial segments may further impact the market size

The automotive industry is witnessing a change in consumer preference. The increasing commercialization of electric vehicles (EVs) along with the several benefits associated with these sustainable automotives is fueling the demand for EVs across passenger and commercial sectors. For instance, a four-wheel electric vehicle has become more affordable compared to its price 5 years ago. In addition to this, the regional governments are undertaking several promotional measures to encourage automotive buyers to opt for electric versions if possible. These advantages are in the form of tax subsidies, discounted rates, and an increasing investment in the development of a robust EV-oriented infrastructure. The growth in the EV market is expected to impact the demand in the global modular grippers market as well.

Modular Grippers Market: Restraints

High cost of modular grippers may limit the equipment’s adoption rate

The modular grippers industry is expected to be restricted due to the higher costs associated with the use of these advanced grippers. The pieces of equipment, in some cases, are used in bulk quantities. Additionally, due to the modular design, they are more expensive as compared to traditional grippers. The overall expense of using, maintaining, and replacing modular grippers is considerably high. The current volatility of global economic conditions limits the adoption rate in the market.

Modular Grippers Market: Opportunities

Amplification in the launch of new solutions with improved technologies may fuel market expansion rate

The global modular grippers market is projected to generate extensive growth opportunities during the projection period. A key reason for higher growth momentum in the industry could be due to amplifying the launch of new solutions in the industry offering superior-grade performance. In May 2022, The Effect Group and Applied Robotics announced the launch of a new line of electric grippers. The catalog offers 17 grippers designed to meet the modern and exhaustive challenges in the automation industry. Some of the most prominent features of the novel offerings include high-quality control, ease of use, adjustment for force, grip control, and position, and multiple communication nodes. Additionally, the same year also witnessed the launch of a 100% self-developed PGHL-400-80 industrial flat gripper by DH-Robotics with applications in automotive electronic components and energy lithium-ion production. They offer flexibility, higher gripping force, and excellent speed.

Growing applications in the food & beverages sector will automatically deliver an exceptional growth rate

Modular grippers are installed in the food & beverage assembly line for several processes ranging from sorting raw materials to packaging the final goods. The food industry has exploded in recent times as a result of increased food demand across the globe, especially packaged items. The rise in urban population as well as the growing popularity of packaged foods has caused higher demands for items to be consumed on the go. Moreover, the food & beverages companies have been highly innovative with the launch of several new product flavors and sub-segments to cater to the needs of a dynamic consumer group. In April 2024, Solar Foods announced the launch of Factory 01, its first commercial-scale production facility in Finland thus creating growth scope for the players operating in the global modular grippers market.

Modular Grippers Market: Challenges

Managing production halt during downtime could lead to challenges for the industry players

The global modular grippers industry is projected to be challenged by the downtime caused due to consistent changes in gripper modules or reconfiguration. Excessive downtime can lead to severe monetary losses. In addition to this, modular grippers can be difficult to integrate with legacy systems thus challenging their cost effectiveness.

Modular Grippers Market: Segmentation

The global modular grippers market is segmented based on application, type, and region.

Based on the application, the global market segments are electronics & electrical, automotive manufacturing, food & beverage, metal products, personal care, and others. In 2023, the highest growth was observed in the automotive manufacturing sector due to the increase in vehicle production volume in the last few years. The growing number of automobile production facilities as well as increased automation in these units will help fuel the segmental growth during the forecast period. In March 2024, Tata Motors and the state government of India’s Tamil Nadu region signed a Memorandum of Understanding (MoU) worth INR 9000 crore for the construction of a new vehicle manufacturing plant.

Based on the type, the global market divisions are pneumatic grippers, electric grippers, and others. In 2023, the highest growth was observed in the pneumatic grippers segment of the modular grippers industry due to the higher cost-efficiency of the variant. However, in recent times, electric grippers have gained excess momentum and are likely to achieve excellent growth during the projection period. Electric modular grippers cost between USD 1200 to USD 5500 but offer excellent gripping features.

Modular Grippers Market: Report Scope

Modular Grippers Market: Regional Analysis

Europe to take the lead during the projection period

The global modular grippers market will be led by Europe during the forecast period. The region has a heavy presence of automated solutions across industries. For instance, regions such as Germany, Belgium, and Denmark have widely accepted automation across thriving industries such as food & beverages and automotive. Additionally, the presence of world-dominating industries across sectors further helps the region thrive. For instance, Germany is one of the leading contributors to the automotive industry. In June 2023, Ford Motor Co. invested around USD 2 billion toward the upgrade of its production facility in Germany. With the new investment, the automotive production unit will produce around 250,000 EVs every year. In March 2024, Northvolt launched a new electric car battery production plant. Production is expected to start in 2026 and the company aims to raise an investment of USD 4.9 billion. In April 2024, BMW Group announced extensive investment in Plant Landshut.

North America will generate significant revenue in the coming years. The growing number of modular gripper providers in the region will add to the regional revenue. Additionally, the US is a mature market for automation across industries. The regional food & beverage sector will act as a key growth driver.

Modular Grippers Market: Competitive Analysis

The global modular grippers market is led by players like:

• OnRobot
• ATI Industrial Automation
• Zimmer Group
• Bilsing Automation
• PIAB
• SMC Corporation
• Schunk
• Gimatic
• DESTACO
• IPR (Intelligente Peripherien für Roboter)
• Festo
• SCHMALZ
• Robotiq
• Weiss Robotics
• PHD Inc.

The global modular grippers market is segmented as follows:

By Application

• Electronics & Electrical
• Automotive Manufacturing
• Food & Beverage
• Metal Products
• Personal Care

By Type

• Pneumatic Grippers
• Electric Grippers

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa