Robotic End of Arm Tools (EOAT) Market Investigation Reveals Enhanced Growth during 2018-2028

Verfasser: ashwani_kailiya on Tuesday, 11 June 2019
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In order to dissert the market scenario prevailing across the robotic end of arm tools (EOAT) market sector, FactMR has evenly presented a comprehensive robotic end of arm tools (EOAT) market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the robotic end of arm tools (EOAT) market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

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Robotic End of Arm Tools (EOAT) Market Outlook: Key Insights

  • Sales of robotic end of arm tools witnessed growth at a rate of over 8% from 2013 to 2017. In line with growing demand for industrial robots, robotic end of arm tool sales are set to witness sheer proliferation.
  • Material handling segment is estimated to account for over 34% value share in 2028, emerging as the most-profitable process line.
  • APEJ will continue to be the largest market for robotic end of arm tools (EOAT), as industrial ecosystems across developing countries of the region are vying to stay at the forefront of ‘Industry 4.0’.
  • Japan will emerge as the fastest-growing market for robotic end of arm tools (EOAT), as majority of the industrial units in Japan invest in automation and integration of robotic technology into their production frameworks.

Robotic End of Arm Tools (EOAT) Market: The Competitive Landscape

  • ATI Industrial Automation, Inc. - a leading manufacturer of robotic accessories and robot arm tooling- showcased new products and solutions at the ‘2017 Automate Show and Conference’ held at Chicago. The compact and robust designs of the new products showcased by ATI are well- aligned with the ever-evolving specifications of multiple applications and are fully compliant with safety standards. The major objective behind this participation was to branch out to business-to-business trading and tap into new customer segments.
  • In 2017, Piab AB- a leading manufacturer of smart solutions for automated applications- announced the strategic acquisition of US-based SAS Automation. This acquisition was aimed at venturing into the segment of ‘mechanical gripping’ and strengthening the existing product portfolio of the company, which will further make it a leading ‘one-stop’ platform for multiple gripper varieties. This acquisition of SAS Automation fits the bill of Piab’s strategy to boost its market sustenance via organic growth and through acquisition of industry leaders.
  • In 2019, Robotiq, a leading provider of software and tools for collaborative robotics space, inaugurated its European headquarters in Lyon, France. This expansion was aimed at boosting the production capabilities of the company in the European region, as Europe remains one of the top priorities of the company with respect to profitability. This new establishment will enable the company to seamlessly expand its regional operations and retain balance in the demand-supply equation.

Additional key players operating in the global robotic end of arm tools (EOAT) market include ABB Ltd., DESTACO, Bastian Solutions LLC, J.H. Benedict Co. Inc., ASS End of Arm Tools, Inc., FIPA Gmbh, Festo AG & Co. KG, SCHUNK GmbH & Co. KG, EMI Corporation, OnRobot A/S, Soft Robotics Inc., IPR - Intelligente Peripherien fuer Roboter GmbH, and other market players.

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Use of robots in the industrial space has taken off significantly, as end-user demand for multi-tasking and instant changeovers has intensified over the years. Robots are penetrating into multiple industrial ecosystems, often operating alongside humans, in the form of collaborative robots (otherwise known as cobots). With the increasing deployment of robots, industrial ecosystems are also seeking effective robotic end of arm tooling (EOAT) to equip the robots with desired functionalities.

Multiple varieties of robotic end of arm tooling (EOAT), including force-torque sensors, welding torches, grippers, collision sensors, tool changers, material removal tools, and more, are witnessing skyrocketing demand for diverse applications. In short, the nature of the target application determines the EOAT type to be used.

Currently, pneumatic EOATs have gained notable traction, as they are easy to integrate and can hold a substantial amount of power in a small space. Grippers remain highly-favored by the end-use industries, as pick and place applications continue to be imperative for successful automation.

Research Methodology:

A comprehensive approach has been adopted to analyze growth of robotic end of arm tools (EOAT) market over the forecast period of 2018 to 2028. Primary & secondary processes remain the two significant aspects of the research methodology employed for robotic end of arm tools (EOAT) market. The primary research for the robotic end of arm tools (EOAT) market report involves constructive discussions with industry personnel and data acquired from prominent stakeholders in the robotic end of arm tools (EOAT) market, including suppliers, manufacturers, and distributors. The secondary research for the robotic end of arm tools (EOAT) market report involves study of authentic documents, including company press releases, investor presentations, articles & magazines, paid databases, and others.