Electric Gripper Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0207511
  • Format: Electronic (PDF)
  • Number of Pages: 184
  • Author(s): Joshi, Madhavi

Report Overview

The Electric Gripper Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Electric Gripper Market

(Market Size)
$1.2 billion
$2.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.50%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.5 billion
Key Players SCHUNK, SMC Corporation, Festo, Zimmer Group, Destaco

Market Summary

The electric gripper market is a critical segment within the broader industrial automation and robotics industry, primarily serving the manufacturing and construction sectors. These devices are essential components in automated systems, providing the actuation necessary for gripping, holding, and manipulating objects with high precision and reliability. The increasing adoption of industrial automation to enhance production efficiency, improve product quality, and reduce operational costs is a fundamental driver for this market. Electric grippers are favored over their pneumatic counterparts in many applications due to their superior control, programmability, energy efficiency, and cleaner operation, as they do not require compressed air systems. Key industries utilizing this technology include automotive manufacturing, electronics assembly, food and beverage processing, and pharmaceuticals, where precise handling is paramount. The market is characterized by continuous technological innovation, with leading manufacturers focusing on developing grippers with higher payload capacities, more compact designs, and integrated smart sensors for feedback and connectivity within Industry 4.0 frameworks. The demand is further bolstered by the global push towards smart factories and the increasing integration of collaborative robots (cobots) that work alongside human operators, requiring safe and adaptable gripping solutions.

Key Highlights

The electric gripper market is distinguished by several key factors that underscore its growth and importance. A primary highlight is the technological shift towards more intelligent and connected grippers. Modern electric grippers often feature integrated force sensing, which allows for real-time monitoring and adjustment of grip strength, preventing damage to delicate components and enabling more complex assembly tasks. This capability is crucial for applications in the electronics and semiconductor industries. Another significant highlight is the emphasis on modularity and customization. Leading suppliers like Schunk, SMC Corporation, and Festo offer extensive product portfolios with options for different jaw styles, stroke lengths, and force outputs, allowing system integrators to tailor solutions for specific applications. The rise of collaborative robotics represents a major trend, as electric grippers are inherently well-suited for cobots due to their precise control and safety features. Furthermore, the market is witnessing a consolidation trend, with larger automation companies acquiring specialized gripper manufacturers to broaden their offering and provide complete robotic workcell solutions. The focus on energy efficiency and sustainability is also a key differentiator, as electric grippers consume power only during movement, unlike pneumatic systems that constantly leak energy, aligning with corporate environmental goals.

Drivers, Opportunities & Restraints

The growth of the electric gripper market is propelled by several powerful drivers. The relentless pursuit of manufacturing efficiency and productivity is the most significant driver. Companies are increasingly automating their production lines to achieve higher output, consistent quality, and 24/7 operation, which directly fuels demand for reliable automation components like electric grippers. The expansion of the electronics industry, particularly the manufacturing of consumer devices, semiconductors, and displays, requires extremely precise and clean handling, creating a robust market for advanced electric grippers. The global trend towards Industry 4.0 and the Industrial Internet of Things (IIoT) presents a substantial opportunity. Electric grippers with built-in sensors and connectivity can provide valuable data on production processes, enabling predictive maintenance, reducing downtime, and optimizing overall equipment effectiveness (OEE). However, the market also faces certain restraints. The higher initial cost of electric grippers compared to pneumatic alternatives can be a barrier to adoption for small and medium-sized enterprises (SMEs) or for applications where simple, high-force gripping is sufficient. Furthermore, the need for technical expertise to program and integrate sophisticated electric grippers into complex automation systems can pose a challenge, potentially limiting their deployment in less technically advanced environments.

Concentration Insights

The competitive landscape of the electric gripper market is characterized by a mix of large, multinational automation corporations and specialized, technologically focused manufacturers. The market concentration is moderately high, with a few key players holding significant market share due to their extensive global distribution networks, broad product portfolios, and strong brand recognition established over decades. Prominent companies dominating this space include Schunk GmbH, a German leader known for its high-precision gripping systems; SMC Corporation from Japan, a major player in all forms of automation components; and Festo AG, another German company renowned for its innovation in pneumatic and electric automation technology. These industry giants compete not only on product performance and reliability but also on their ability to provide comprehensive application support and global service. Alongside these leaders, there are numerous specialized and regional players that compete by offering niche products, custom solutions, or more cost-effective alternatives. This concentration means that innovation is often driven by the top players, who invest heavily in research and development to introduce grippers with greater intelligence, higher speed, and improved adaptability for next-generation robotic applications.

Type Insights

Electric grippers are available in several distinct types, each engineered to meet specific application requirements and operational paradigms. The two-finger or angular gripper is among the most prevalent types, functioning similarly to a human hand by using two fingers that pivot to open and close. This design is highly versatile and is commonly used for grasping objects externally or internally with a wide range of jaw options. The three-finger or radial gripper offers enhanced centering capabilities, making it ideal for handling cylindrical or spherical objects, such as bearings or bottles, as the fingers move synchronously towards the center. Parallel grippers are another critical category, where the jaws move parallel to each other, providing a consistent grip across the entire stroke length. This type is preferred for precision assembly tasks and for handling fragile items where a uniform gripping force is essential. For handling very large or unusually shaped items, bellows grippers or expansive grippers are utilized, which grip from the inside of a cavity. More recently, adaptive or collaborative grippers have emerged, featuring soft robotics technology or underactuated mechanisms that can conform to the shape of an object, providing immense flexibility for unstructured environments common in logistics and e-commerce order fulfillment.

Application Insights

The application spectrum for electric grippers within the manufacturing and construction industries is vast and continually expanding. In the automotive sector, they are indispensable for tasks such as precision part placement, machine tending, welding, and assembly of intricate components like electronic control units and sensors. The electronics industry represents a high-growth application area, where electric grippers are used for the delicate handling of printed circuit boards (PCBs), microchips, and display panels, where absolute precision and contamination-free operation are non-negotiable. Within the food and beverage and pharmaceutical industries, electric grippers are favored for their hygienic, washdown-compatible designs that meet strict regulatory standards, used in packaging, palletizing, and product handling. The construction industry leverages robust electric grippers in prefabrication processes for handling building materials like panels, glass, and metal profiles. Furthermore, the rise of collaborative robots has opened new application vistas in material handling and logistics within warehouses, where electric grippers on cobots are used for picking, packing, and sorting items of various sizes and weights, enhancing flexibility and efficiency in supply chain operations.

Regional Insights

The demand for electric grippers exhibits distinct regional patterns, closely aligned with the global distribution of advanced manufacturing and industrial automation adoption. The Asia-Pacific region stands as the largest and fastest-growing market, driven predominantly by the massive manufacturing bases in China, Japan, South Korea, and increasingly, Southeast Asian nations. China's status as the "world's factory" for electronics, automotive components, and consumer goods creates immense demand for automation, including electric grippers. Japan and South Korea are home to leading robot manufacturers like FANUC, Yaskawa, and Hyundai Robotics, which fuels a sophisticated domestic market for high-end components. North America, particularly the United States, represents a mature but significant market, characterized by a strong focus on rejuvenating manufacturing through automation, advancements in aerospace, and the growth of e-commerce logistics centers. Europe is another key region, with Germany, Italy, and France at the forefront. Germany's strong automotive and industrial machinery sectors, supported by its Industry 4.0 initiative, create a sustained demand for advanced and smart electric grippers. Other regions, including Latin America and the Middle East & Africa, are emerging markets where adoption is growing steadily as industries in these areas modernize their production facilities.

Company Insights

The electric gripper market features a competitive arena with several established leaders and innovative contenders. Schunk GmbH is widely recognized as a global technology leader, offering an extensive range of high-precision gripping systems and holding technology for automation. Their products are known for reliability and are often found in demanding automotive and robotics applications. SMC Corporation, a Japanese multinational, is a powerhouse in automation technology with a vast portfolio that includes a comprehensive line of electric grippers known for their performance and durability. Festo AG & Co. KG, a German company, is another major force, celebrated for its innovation in bionics and its development of energy-efficient and connected grippers that align with future factory concepts. Zimmer Group, also from Germany, is a key player specializing in robust grippers for heavy-duty applications, particularly in the automotive and foundry industries. From the United States, companies like Applied Robotics and Destaco offer strong portfolios focused on the North American market. Additionally, Japanese robot OEMs like FANUC and Yaskawa Electric Corporation produce their own proprietary grippers, often optimized for their robotic arms, further shaping the competitive dynamics. These companies compete on technology, product range, global support, and the ability to provide customized automation solutions.

Recent Developments

The electric gripper market is dynamic, with recent developments focusing on enhancing intelligence, connectivity, and versatility. A prominent trend is the integration of advanced sensor technology directly into grippers. Manufacturers are increasingly offering models with built-in force/torque sensors, position feedback, and even vision systems, enabling grippers to make autonomous decisions and adapt to variations in part placement or orientation. This development is critical for flexible automation and random bin picking applications. Another significant advancement is the creation of more compact and lightweight designs without sacrificing performance. This is particularly important for collaborative robots and mobile robotic applications where space and weight are at a premium. The development of soft robotics-inspired adaptive grippers has gained considerable momentum. These grippers, often using flexible materials or sophisticated mechanisms, can gently conform to the shape of fragile or irregularly shaped objects, opening new possibilities in sectors like food handling and logistics. Furthermore, there is a strong industry push towards standardization and easier integration. Companies are developing grippers with simplified mounting interfaces and plug-and-play connectivity to reduce engineering time and cost for system integrators, making advanced automation more accessible.

Report Segmentation

This comprehensive market research report on the electric gripper market provides a detailed and structured analysis segmented across multiple dimensions to offer granular insights. The segmentation allows stakeholders to understand specific niches and growth pockets within the broader market. The report is meticulously categorized by type, analyzing the distinct market dynamics for two-finger grippers, three-finger grippers, parallel grippers, and other specialized types like adaptive and angular grippers. It further delves into application analysis, segmenting the market based on its use in key industries such as automotive manufacturing, electronics and semiconductor, food and beverage, pharmaceuticals, and construction and material handling. A crucial component of the segmentation is the regional analysis, which provides a country-level and regional-level assessment of market size, growth trends, and key influencing factors across North America, Europe, Asia-Pacific, and the Rest of the World. This multi-faceted segmentation ensures that the report delivers targeted information, enabling businesses, investors, and strategy planners to make informed decisions based on the specific product type, end-use industry, or geographical market most relevant to their operations and interests.

FAQs

What is an electric gripper? An electric gripper is an electromechanical actuator used in robotics and automation to grasp, hold, and manipulate objects. It operates using an electric motor, providing precise control over motion, force, and position, unlike pneumatic grippers that use compressed air.

What are the advantages of electric grippers over pneumatic grippers? Electric grippers offer several advantages, including superior precision and programmability, quieter operation, higher energy efficiency, and cleaner functionality as they do not require an air compressor. They also provide built-in feedback for force and position, enabling more complex and sensitive tasks.

Who are the leading manufacturers of electric grippers? The market is led by established automation specialists such as Schunk, SMC Corporation, and Festo. Other significant players include Zimmer Group, Applied Robotics, and Destaco, alongside robot OEMs like FANUC and Yaskawa that produce proprietary grippers.

What industries use electric grippers? Electric grippers are extensively used in industries requiring high precision and automation, including automotive manufacturing, electronics and semiconductor assembly, food processing, pharmaceutical packaging, and increasingly in logistics and construction for material handling.

What are the different types of electric grippers? Common types include two-finger angular grippers, three-finger radial grippers, parallel grippers where jaws move in a parallel motion, and adaptive or collaborative grippers designed for safe interaction and handling of irregular objects.

What is the future of the electric gripper market? The future is oriented towards smarter, more connected grippers integrated with IoT for data analytics, lighter and more compact designs for collaborative robots, and the development of adaptive grippers using soft robotics technology to handle a wider variety of objects autonomously.

Citius Research has developed a research report titled “Electric Gripper Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Electric Gripper Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Electric Gripper Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Electric Gripper Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Electric Gripper Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Electric Gripper Market
• Research Methodology
• Executive Summary
• Market Dynamics of Electric Gripper Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Electric Gripper Market
• Cost and Gross Margin Analysis of Electric Gripper Market
• Electric Gripper Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Electric Gripper Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Electric Gripper Market Key Stakeholders

Below are the key stakeholders for the Electric Gripper Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Electric Gripper Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Electric Gripper Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Electric Gripper Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Electric Gripper Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Electric Gripper Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Electric Gripper Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Electric Gripper Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Electric Gripper Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Electric Gripper Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Electric Gripper Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Electric Gripper Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Electric Gripper Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Electric Gripper Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Electric Gripper Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Electric Gripper Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Electric Gripper Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Electric Gripper Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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