Growing adoption of advanced technologies in manufacturing sector and increasing demand for pneumatic manipulation technology is driving the global manipulators market.
The value of the Manipulators market is projected to grow to USD 1,515.45 Million with an estimated CAGR of 25.3% by 2028
Covid 19 Impact & Market Status
Product demand, operations, supply chain, distribution systems, and the capacity to study and create new goods are all being impacted by the COVID-19 pandemic. COVID-19 has lowered procedure volume in almost all firms since all resources are being directed to battle the illness.
Omni-Directional Segment Value Has Increased Significantly
The global manipulators market is classified into omni-directional and non- omni directional on the basis of type. Among these, omni-directional segment continue to transform at the most rapid pace in over a decade.
Warehouse & Distribution Segment Will Continue To Strengthen Throughout 2022
The global manipulators market is classified into personal assistance, quality control, warehouse & distribution on the basis of Application. Among these, the warehouse & distribution is poised for rapid market progress. Owing to rising demand for mobile manipulators in the warehousing & distribution sector the global manipulators market is experiencing rapid growth. As distribution centre operations grow, the demand for smarter, more flexible, automated equipment that can be readily altered and scaled up to suit a business' changing demands is increasing. Drop-in equipment, such as mobile manipulators, is versatile and scalable. The adjustments required to the warehouse infrastructure are generally minor and less expensive with flexible automation and notably autonomous mobile manipulation robots.
APAC Region is Expecting a Robust M&A Market
Due to rising government efforts in the area, which is pushing automation adoption, Asia-Pacific held the highest position in the mobile manipulator market in 2021 and is expected to expand at a CAGR of 13 per cent by revenue over the forecast period 2021-2029. For example, the Chinese government sponsored Made in China 2025, a nationwide initiative that promotes automated processes and intelligent manufacturing.
Owing to benefits such as reduced rate of workplace accidents, reduced musculoskeletal disorders, increased efficiency, higher quality, time saving, improved working environment, increased profitability, the manipulators is experiencing rapid adoption as opposed to conventional methods is thus fostering remarkable progress in global manipulators market.
Advantages such as increased productivity, improved machine utilization, cost effectiveness encourage further adoption of manipulators. These factors collectively influence thumping growth of global manipulators market.
The global manipulators market is predicted to increase at a CAGR of 4.3 percent and reach a market value of 457.6 million USD by the end of 2029.
A manipulator is a machine with a stiff steel manipulator arm that allows complicated pneumatic tilts and rotations even when the product is handled outside of its centre of mass.
The equipment is controlled by a human operator, allowing for easy and accurate manipulation of the manipulator to lift, lower, and carry a product.
As the breadth and applications of industrial manipulators expand around the world, the market is likely to develop at a high CAGR in the coming years. Industrial manipulators, also known as robotic manipulators, are mechanical machines that use a stiff steel manipulator arm to perform sophisticated pneumatic tilts and rotations without making direct touch. This equipment is used to handle bio-hazardous or radioactive things that are difficult for a person to handle, as well as lifting big objects in many sectors.
However, higher capital costs, lack of skilled expertise, limitations in terms of tasks they perform are some crucial factors likely to limit the adoption of manipulators. This may hamper the global manipulators market.
Furthermore, robot based automation gaining increasing deployment in various industry verticals is anticipated to be a growth opportunity to the global manipulators market.
The key players in global manipulators market are Richard Wolf, KARL STORZ, MetroMed Healthcare, Planmeca, C.R. Bard, Ethicon, CooperSurgical, ConMed, and B. Braun Melsungen among others.
Latest Innovation in the Global Manipulators Market: A Snapshot
- Robotic technologies are quickly spreading internationally and across a wide range of industrial disciplines to fulfil the demand for increasingly flexible automation in modern production. Movable manipulators (robot arms installed on mobile platforms) are becoming more widespread as a technique to expand the utility of production automation as an illustration of this rapid expansion.
- Omron Corporation released the LD-250 in March 2019, and the combination of the LD-250 and Omron TM Collaborative Robots has established a market for bulkier "mobile manipulators" that can perform both material transport and manipulation operations.
Manipulators Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 457.6 million|
|Growth Rate||CAGR of 4.3 % during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Richard Wolf, KARL STORZ, MetroMed Healthcare, Planmeca, C.R. Bard, Ethicon, CooperSurgical, ConMed, and B. Braun Melsungen among others.|
Key Segments of the Global Manipulators Market
Type Overview, 2019-2029 (USD Million)
- Non- Omni Directional
Application Overview, 2019-2029 (USD Million)
- Personal Assistance
- Quality control
- Warehouse & Distribution
Regional Overview, 2019-2029 (USD Million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa