Magnetic Grippers Market

Market Snapshot

According to Fact.MR, market research and competitive intelligence agency, the global magnetic gripper demand is expected to grow significantly in 2021. As the COVID-19-induced delay fades and manufacturers emerge from their extended slumber, the magnetic grippers market will experience a resurgence.

This magnetic grippers industry analysis report includes historical data from 2016 to 2020, as well as forecasts for 2021 to 2031.

Key Developments Undertaken by Magnetic Grippers Manufacturers

OnRobot, a prominent magnetic gripper manufacturers, offers the MG10 Gripper. This is a versatile, high-performance, easy-to-use magnetic gripper for material handling, assembly, and machine tending applications in industrial, automotive, and aerospace industries.

MG10 has the unique adjustable force and grip detection features that empower users with unparalleled levels of control, OnRobot's One System Solution, which makes it interoperable with all major robot brands.

Likewise, Andron Handling has created a custom magnetic gripper to solve a specific challenge for car manufacturers. It has a set of powerful permanent magnets that may be deployed pneumatically using the handle controls.

Andron stepped in with the idea of using a magnetic gripper to cleanly attach to the flywheel's face. The magnetic gripper was built by Andron to feature a set of powerful permanent magnets that could be deployed pneumatically using the handle controls.

During the handling process, the HVRM agent's latest innovative electro-permanent magnetic clamping technology requires no electricity. Only the magnetization and demagnetization of the magnetic modules within require electricity.

They can clamp or hold even if there is a power outage if they are magnetized; the grabbed part will not slide off. Their industrial magnets may be used with both robotic arms and gantry systems to boost material handling efficiency and productivity.

Market Overview

Increasing automation in the handling of material processes has generated demand for magnetic grippers in the global market. Magnetic grippers are most usually used as end-of-arm tools of robotics machinery for handling 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 categories- 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.

Market Dynamics

Industrial automation has dramatically altered production cycles in the industrial sector,  reducing manufacturing time and production costs. The growing need for automation in material handling has generated 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, 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 industry verticals, the future of the magnetic grippers market appears positive. Due to the development of soft grippers, 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 the incorporation of IoT have captured higher preferences from this end-use segment.

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 hold the highest market share in the magnetic grippers industry, with China being the frontrunner for heightened magnetic grippers demand, followed by Europe.

Growth in mining is likely to create healthy growth opportunities for magnetic grippers in Asian countries. Demand for magnetic grippers in European countries has increased substantially, owing to the rise of the material handling and automotive industries in these regions.

The demand for magnetic grippers in North America is rising at a robust pace, owing to 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.

Key Manufacturers in the Magnetic Grippers Industry

Some prominent players in the magnetic grippers market are:

• Goudsmit Magnetics
• FIPA, Schmalz
• Schunk
• PHD
• SAS Automation
• SMC
• Zimmer
• Master Magnetics
• Pascal
• HHBarnum

Competition Analysis

The global magnetic grippers market is moderately concentrated. The market is in the growth phase, and competition is expected to become less intense by the end of the forecast period. Periodic advancements in magnetic grippers technology are commonplace, intended to enhance their efficiency by adding safety features for laborers.

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.

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

Regional analysis includes

• North America
• Europe
• MEA
• East Asia (Japan, China, South Korea)
• South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
• Oceania (Australia, New Zealand)
• Latin America
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The report on the magnetic grippers market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current, and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

Key Segments

• According to magnet type, magnetic grippers are segmented as:

  • Electromagnet
  • Permanent Applications

• According to the end-use sector, magnetic grippers are segmented as:

  • Automotive Industry
  • Food Processing Industry
  • Metal Processing Industry
  • Others

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.