As per a recently published study by market research and competitive intelligence provider Fact.MR, sales of rotary gripper modules witnessed impressive growth in the historical period 2016-2020.
With the coronavirus pandemic engulfing the whole world, widespread factory shutdowns resulted in a contraction of demand for rotary gripper modules in the first half of 2020.However, prospects appear elevated for 2021 and beyond, as several markets resume industrial activities in the wake of flattening infection curves. A noteworthy CAGR is expected during the 2021-2031 forecast period.
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Segmentation
The global rotary gripper module market is segmented on the basis of operation, type, and application.
Key Questions Answered in the Rotary Gripper Module Market Survey Report:
– What are the current scenario and key trends in the Rotary Gripper Module market?
– What are the key strategies companies use to grow their customer base?
– What are the key categories within the Rotary Gripper Module segments and their future potential?
– What are the key market drivers for rotary gripper modules and their expected effects in the short, medium and long term?
– How big is the market for rotary gripper modules and what are the chances of the main players?
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Prominent Players offering Rotary Gripper Modules
The global market for rotary gripper modules appears to be a bit fragmented in nature. In order to have a secure foothold in the market, rotary gripper manufacturers are investing significantly in R&D activities.
Some of the prominent players operating in the global market are
Regional Forecast for the Rotary Gripper Modules Landscape
The global rotary gripper module landscape is segmented into seven regions: North America (USA, Canada), Latin America (Brazil, Mexico), Europe (Germany, Russia), Middle East and Africa (GCC, North Africa, South Africa), East Asia (South Korea, China, and Japan), South Asia (India, Malaysia, Thailand, Indonesia, and Rest of South Asia) and Oceania (New Zealand, Australia).
Rapid industrialization across South Asia is opening up major growth frontiers for rotary gripper modules. India is expected to be the leader in the South Asian market.
East Asia is also a highly lucrative growth region, with China likely to pivot most of the demand for rotary gripper modules. A flourishing electronics & electrical components industry is responsible for China’s heightened demand share.
The U.S. and Canada will likely emerge as the frontrunners of rotary gripper module sales across the North American market.
Europe will also play a key role in driving the rotary gripper module demand during the forecast period, due to the presence of various industries.
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