A robot's end of arm tool (EOAT) is selected based on the operation it will perform and is specific to the part or tool that it manipulates. Robot users often need customized solutions to engage uniquely shaped objects but this is typically a costly and time-consuming approach.
End of arm tooling are devices by which a robot interrelates with other machines around it, conducting, clutching, and operating on various parts. An end-effector is one of the prime parts and an important component of the robotic system. Advent of technology has led to improvement in end-effector to execute different set of tasks according to the program. Robots with multiple arms comprise multiple end-effectors.
One of the major drivers for this market is growth in popularity of cobots. Traditionally, industrial robots used in packaging applications were kept behind barriers or cages to prevent contact from humans by accident. To ensure safety, multiple safety measures regulate the use of these robots, such as restricting their motion to the human-free territory with safety interlocks that halt the robot's movements when humans enter those zones. On the other hand, one of the major factors hindering the growth of this market is high initial cost of robotic implementation.
According to this study, over the next five years the Robotics End-of-arm Tooling market will register a 7.3% CAGR in terms of revenue, the global market size will reach USD 2420 million by 2024, from USD 1580 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Robotics End-of-arm Tooling business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Robotics End-of-arm Tooling market by product type, application, key manufacturers and key regions and countries.
This study considers the Robotics End-of-arm Tooling value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Robot Grippers
Robotic Tools
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Automotive
Semiconductor And Electronics
Food And Beverage
Pharmaceuticals
Industrial Machinery
Logistics
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Schunk
Festo
SMC
Robotiq
Zimmer
Destaco
ATI Industrial Automation
EMI
IAI
Applied Robotics
Schmalz
RAD
FIPA
SAS Automation
Bastian Solutions
Soft Robotics
Grabit
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Robotics End-of-arm Tooling consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Robotics End-of-arm Tooling market by identifying its various subsegments.
Focuses on the key global Robotics End-of-arm Tooling manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Robotics End-of-arm Tooling with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Robotics End-of-arm Tooling submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
