Magnetic Grippers Market Outlook Highlighting Revenue Share & Manufacturer Analysis forecast to 2028

Albany, US, 2019-Oct-21 — /EPR Network/ —Increasing automation in the handling of the material process has created the demand for magnetic grippers in the global market. Magnetic grippers are most usually used as an end of the arm in a piece of robotics machinery for handling of different types of material. Magnetic grippers allow the handling of different sizes of materials, and aid in ease of grasping a wide range of product shapes, including items with holes, pieces such as blanks, steel sheets, and stamped parts. These are available in two magnet types – permanent and electromagnet. Magnetic grippers, which use an electromagnet, are powered by DC power for handling materials. The electromagnet type is easy to operate as compared to the permanent magnet type. The trend of IoT in different industrial applications has gained manufactures’ attention towards launching newer and more advanced technological products to remain in sync with the global demand.

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Magnetic Grippers Market – Regional Analysis

The global magnetic grippers market is segmented into eight regions: North America, Europe, MEA, East Asia, South Asia, Oceania, Latin America, and the Middle East and Africa. Globally, East Asia and South Asia regions hold the highest market share in the magnetic grippers market, with the China being the major market for magnetic grippers, followed by Europe. Growth in mining is likely to create healthy growth opportunities for magnetic grippers in Asian countries. The demand for magnetic grippers in European countries has increased substantially, owing to the rise of the material handling Industry and automotive industry in these regions.  The demand for magnetic grippers in North America is rising at a robust pace, owing to the increasing automation in manufacturing industries. The demand in Oceania is also gaining pace at a stagnant rate. The Middle East and Africa and Latin America regions are expected to show decent growth in the demand for magnetic grippers.

Magnetic Grippers Market- Key Manufacturers

Some of the major key players in the magnetic grippers market are Goudsmit Magnetics, FIPA, Schmalz, Schunk, PHD, SAS Automation, SMC, Zimmer, Master Magnetics, Pascal, HHBarnum, and other prominent players.

Magnetic Grippers Market- Competitive Analysis

The global magnetic grippers market is moderately concentrated. The market is in the growth phase, and the competition is expected to become less intense by the end of the forecast period. Developments in magnetic grippers have been done from time-to-time, which is intended to enhance their efficiency by adding safety features for laborers.

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The research report presents a comprehensive assessment of the magnetic grippers market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report on the magnetic grippers market provides analysis and information according to market segments such as geography, magnet type, and end-use sector.

The Magnetic Grippers market report covers exhaustive analysis on:

• Segments of the Magnetic Grippers Market
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved
• Technology in the Magnetic Grippers Market
• Value Chain of the Magnetic Grippers Market

Magnetic Grippers- Market Dynamics

Industrial automation has drastically changed the way of production in the industrial sector by reducing manufacturing time and production cost. The growing need for automation in material handling has created the demand for magnetic grippers in the global market. Magnetic grippers are mainly used for improving the efficiency of the material handling process. These magnetic grippers have captured significant demand from the automotive sector. Manufacturers of magnetic grippers are actively engaged in accommodating the upsurge in the demand for robotics technology in varied industrial applications. In particular, the demand for collaborative robots is growing steadily in industrial operations such as assembly, welding, material handling, machine tending, and quality testing. Due to the higher application of magnetic grippers in all industrial verticals, the future of the magnetic grippers market is seen to be positive. Due to the development of soft grippers, the demand for magnetic grippers has gained much traction from the food processing industry. Manufacturers are under constant pressure to reduce operational costs, maintain quality and increase productivity. The development of safer magnetic grippers and incorporation of IoT have captured higher preferences from this end-use segment.

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