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) 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.
For more key insights on this market, request a sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=503
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.
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 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.
Inquire for the Discount on the Report: https://www.factmr.com/connectus/sample?flag=D&rep_id=503
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.