Vacuum Area Gripping System Market
Vacuum Area Gripping System Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Vacuum Area Gripping System Market Size and Growth
The Vacuum Area Gripping System market is projected to grow significantly, driven by increased automation in manufacturing and logistics. In 2023, the market size is estimated at approximately $2 billion, with a CAGR of 7-9% over the next five years, reflecting rising demand for efficient, adaptable handling solutions across various industries. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Piab
◍ Schmalz
◍ FIPA
◍ Hytec
◍ Vuototecnica
The Vacuum Area Gripping System Market includes key players like Piab, Schmalz, FIPA, Hytec, and Vuototecnica. These companies innovate vacuum technology for efficient handling, enhancing automation processes in manufacturing. They contribute to market growth through product development, tailored solutions, and expanding applications across various industries, driving increased sales and adoption.
Sales Revenue Highlights:
- Piab: Approximately $200 million
- Schmalz: Around $150 million
- FIPA: Estimated $75 million
- Vuototecnica: Roughly $50 million
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Market Segmentation
By Application
Packaging
Food & Beverage
Industrial
Others
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By Product
Wood
Boxes
Metal Sheets
Glass
Plastics
Market Growth
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$ X Billion USD
