Robotic End of Arm Tools (EOAT) Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

Published on : Mar-2019 | List of Figures : 134 | No. of Pages : 170 | Report Code : FACT503MR |

robotic end of arm tooling market snapshot

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.

What is Driving the Robotics End of Arm Tools (EOAT) Market?

robotics end of arm tools key trends in industrial automation activities
  • Robotic end of arm tools (EOAT) have been gaining traction as primary equipment for seamless interaction with parts & components at the end of a robotic arm. Robotic end of arm tools (EOAT) are being increasingly deployed for offering specific functionalities to robots and accommodating multiple processes in one go.
  • Rising use of grippers, a key robotic end of arm tool (EOAT) type, in material handling is underpinning the market growth. Reduction of part damage remains a chief aspect fuelling adoption of various types of grippers in material handling, including pneumatic grippers, servo-electric grippers, vacuum grippers, and hydraulic grippers.
  • Advances in robotic technologies and growing end-user demand for higher productivity levels will bolster demand for robotic end of arm tools (EOAT) as a viable proposition across a wide-range of automated applications.
  • Robotic end of arm tools prove to be cost-saving and also aid in boosting ROI benefits for automation equipment- two of the highly-valued aspects across end-use industries.
  • Various end-use industries are embracing robotic end of arm tools (EOAT) to offer greater flexibility to their existing robot lines, which ensures multi-tasking by robots by simultaneously amplifying the overall performance levels.

What are the Challenges Faced by Manufacturers?

robotic end of arm tooling market pricing analysis
  • Robotic end of arm tools require preventive maintenance on a timely basis to ensure smooth and uninterrupted operations. Systematic care, if not undertaken on a regular basis, can lead to adverse impact on crucial aspects of these tools, such as usability and productivity. This, in turn, challenges the adoption rate and can hamper growth of robotic end of arm tools (EOAT) market.
  • High costs involved in developing, scaling, & manufacturing robotic end of arm tools are likely to create significant challenges for manufacturers. High costs associated with product development result in high sales price of the final products, leading to low profit margins for stakeholders in the robotic end of arm tools (EOAT) market.

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

robotic end of arm tooling market players concentrations mapping
  • 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.

Note: Fact.MR research offers compelling insights into the competitive landscape of global robotic end of arm tools (EOAT) market.

Additional Insight:

Adoption of End-of-arm Tooling Surges as Robots Become an Industrial Staple for Multi-tasking & Quick Changeovers

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.

Scope of the Report 

robotic end of arm tooling market taxonomy

 

Fact.MR published a recent research study on robotic end of arm tools (EOAT) market for the forecast period of 2018 to 2028. The research study on robotic end of arm tools (EOAT) market sheds light on compelling insights and factors shaping growth of robotic end of arm tools (EOAT) market over the forecast period. The report on robotic end of arm tools (EOAT) market consists of both qualitative as well as quantitative analysis of the global market to aid the readers in having a 360 degree view of the global market outlook. The report on robotic end of arm tools (EOAT) market also offers a detailed assessment of various macro as well as micro-economic factors shaping the growth of robotic end of arm tools (EOAT) market. Moreover, market dynamics, restraints, drivers, opportunities, and challenges, of the robotic end of arm tools (EOAT) market have also been propounded in detail in the robotic end of arm tools (EOAT) market report.

Chapter 1- Executive Summary

The report on robotic end of arm tools (EOAT) market report commences with a brief summary of the robotic end of arm tools (EOAT) market. This summary of the robotic end of arm tools (EOAT) market highlights key segments for the market players to focus on for making investment-oriented decisions.

Chapter 2- Installed Base and Automation Indicator

This chapter in the robotic end of arm tools (EOAT) market report talks about the adoption rate vis-à-vis automation by various end-use industries. Also, this segment talks about adoption rate of automation across various regions, drawing emerging possibilities for growth of robotic end of arm tools (EOAT) market.

Chapter 3- Risks & Opportunities

This chapter in the robotic end of arm tools (EOAT) market report assesses the associated risks in the robotic end of arm tools (EOAT) market for manufacturers to take into utmost consideration. Moreover, this chapter in the robotic end of arm tools (EOAT) market also briefs on the anticipated opportunities in the robotic end of arm tools (EOAT) market for market players to make a note of.

Chapter 4- End User Analysis and Measurement

This chapter in the robotic end of arm tools (EOAT) market report talks about the extent at which various enterprises are investing in robotics/ automation. This, in turn, will offer a clear picture for manufacturers in the robotic end of arm tools (EOAT) market to make well-informed decisions.

Chapter 5- Market Data – Introduction

This chapter in the robotic end of arm tools (EOAT) market report offers a quick introduction to the overall market and associated aspects. Moreover, this chapter also features a well-constructed definition of the product ‘robotic end of arm tools (EOAT)’and also features the overall market breakdown for the readers to comprehend from.

Chapter 6- Market Dynamics Associated Industry Assessment

This chapter in the robotic end of arm tools (EOAT) market report offers a deep-dive into the growth driving factors and analysis of the relevant impact on robotic end of arm tools (EOAT) market growth. Moreover, this chapter also enunciates on various market challenges and their impact analysis on the robotic end of arm tools (EOAT) market growth.

Chapter 7- Global Industrial Automation Market Outlook

This chapter in the robotic end of arm tools (EOAT) market offers a detailed outlook of the global industrial automation space. This section sheds light on the adoption rate of automation across various industrial and service sector applications and various technological advancements in the industrial automation activities.

Chapter 8- Associated Industry Assessment

This chapter in the robotic end of arm tools (EOAT) market talks about associated markets along with their relevance with respect to growth of robotic end of arm tools (EOAT) market. This section offers details of industrial robot sales and robot prices across various regions, which will offer details with respect to manufacturing to key market players in the robotic end of arm tools (EOAT) market.

Chapter 9- Global Robotic End of Arm Tools Market Survey

This chapter features a vendor survey and an end-user survey, which will help the manufacturers in the robotic end of arm tools (EOAT) market to understand customer-manufacturers interaction of this market.

Chapter 10- Global Robotic End of Arm Tools Market Analysis and Forecast

This chapter talks about the analysis of robotic end of arm tools (EOAT) market along with a forecast analysis. This chapter gives details of the revenue particulars along with CAGR value, to help the readers understand the estimated sales behavior robotic end of arm tools (EOAT of over the forecast period.

Chapter 11- North America Robotic End of Arm Tools Market Analysis

This chapter talks about growth of robotic end of arm tools (EOAT) market in the key countries of North America, including the US and Canada. In addition, this chapter also talks about the regional trends affecting sales behavior over the forecast period.

Chapter 12- Latin America Robotic End of Arm Tools Market Analysis

This chapter talks about the robotic end of arm tools (EOAT) market analysis across key countries of Latin America. Moreover, this chapter also sheds light on key trends responsible for shaping growth of robotic end of arm tools (EOAT) market over the forecast period.

Chapter 13- Europe Robotic End of Arm Tools Market Analysis
This chapter elaborates on the robotic end of arm tools (EOAT) market growth in the Europe region and also talks about various opportunities brimming in the region.

Chapter 14- CIS & Russia Robotic End of Arm Tools Market Analysis

This chapter talks about the growth of robotic end of arm tools (EOAT) market across key countries of CIS and Russia. Moreover, this chapter also talks about the key trends impacting this regional market growth.

Chapter 15- Japan Robotic End of Arm Tools Market Analysis

This chapter talks about growth of robotic end of arm tools (EOAT) market across key countries of Japan and also demonstrates the relevant impact of various trends on the regional market growth.

Chapter 16- APEJ Robotic End of Arm Tools Market Analysis

This chapter gives a complete description of growth of robotic end of arm tools (EOAT) market in the prominent countries of APEJ.

Chapter 17- MEA Robotic End of Arm Tools Market Analysis

This chapter gives the readers a detailed outlook of the robotic end of arm tools (EOAT) market along with untapped potential for the manufacturers in the key countries of MEA.

Chapter 18- Competitive Assessment

This chapter gives a quick view of the competitive dashboard along with a brand positioning matrix. Moreover, this chapter also gives a clear picture of the presence of the key participants across various regions.

Chapter 19- Company Profiles

This chapter talks about the profiles of various key players operating in the robotic end of arm tools (EOAT) market along with their product launches, strategic collaborations, key areas of focus, and others. 

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Robotic End of Arm Tools (EOAT) Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028