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Global Modular Grippers Market Will Grow at a CAGR 3.4% and Reach USD 1040 Million by 2023, from USD 850 Million in 2017


Lewes, DE -- (SBWIRE) -- 12/21/2018 -- Global Modular Grippers market will register a 3.4% CAGR in terms of revenue, reach US$ 1040 million by 2023, from US$ 850 million in 2017.

This report studies the Modular Grippers market. Gripper is a tool mounted on the equipment to grip work pieces. By opening and closing the fingers powered by electric or pneumatic power, the gripper grips and releases work pieces.

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.

Over the next five years, study projects that Modular Grippers will register a 3.4% CAGR in terms of revenue, reach US$ 1040 million by 2023, from US$ 850 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Modular Grippers market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Electric Grippers
Pneumatic Grippers
Segmentation by application:
Automotive Manufacturing
Metal Products
Food/Beverage/Personal Care
Others (Medical Device, etc.)

This report also splits the market by region:
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Parker Hannifin
Yamaha Motor
IBG Automation
Sichuan Dongju

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Modular Grippers consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Modular Grippers market by identifying its various subsegments.
Focuses on the key global Modular Grippers manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Modular Grippers with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Modular Grippers submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 161 pages "Forecast of Global Modular Grippers Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Modular Grippers by Players, Modular Grippers by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Modular Grippers Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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