From 2013 to 2017, sales of robotic end-of-arm tools increased at a pace of over 8%. Robotic end-of-arm tool sales are expected to skyrocket in response to the rising demand for industrial robots. The material processing process line is anticipated to have a value share of over 34% by 2028, making it the most profitable process line.
As developing nations in the area compete to maintain their leadership in “Industry 4.0,” the APEJ will continue to be the world’s largest market for robotic end-of-arm tools (EOAT). Given that the majority of Japanese industrial units engage in automation and the incorporation of robotic technology into their operations, Japan will become the market for robotic end-of-arm tools (EOAT) with the fastest rate of growth.
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Robotic end-of-arm tools (EOAT) are becoming more popular as the main instrument for fluid interaction with the parts and components at the end of a robotic arm. Robotic end of arm tools (EOAT) are being used more frequently to give robots particular functionalities and to handle several processes at once.
Growing demand for grippers, a crucial class of autonomous end-of-arm tool (EOAT), in material handling is driving market expansion. The primary factor driving the adoption of different kinds of grippers in material handling, such as pneumatic grippers, servo-electric grippers, vacuum grippers, and hydraulic grippers, is the reduction of part damage.
Key Players Covered:
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.
After reading the report on the Global Robotic End of Arm Tools Market, readers get insight into:
- The prevailing challenges, restraints, opportunities, and drivers of the market
- The competitive landscape with profiles of leading market players
- New as well as promising avenues for revenue generation in key regions of the market
- Emerging revenue streams for all the players in the developing regions
- Influence of Covid-19 in the market and how the pandemic is going to shape the contours of the market in the forthcoming years
- Technologies and business models with disruptive potential
- Role of regulatory bodies in boosting new growth opportunities of the market across different parts of the world
- How new market developments are likely to influence the market at large in the near future
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Robotic End of Arm Tools Market: Segmentation
- Product Type
- Grippers
- Parallel Motion 2-Jaw Grippers
- 3-Jaw Grippers
- Needle Grippers
- Vacuum Cups
- Magnetic Grippers
- Bellows Grippers
- Adaptive Grippers
- Electristatic Grippers
- Welding Torches
- Material Removal Tool
- Tool Changer
- Grippers
- End Use Industry
- Automotive
- Semiconductor & Electronics
- Food & Beverages
- Phamaceuticals
- Industrial Machinery
- Logistics & Supply Chain
- Other End Use Industries
- By Region
- North America
- Latin America
- Europe
- CIS & Russia
- Japan
- Asia Pacific (Excluding Japan)
- Middle East & Africa
- Process Line
- Assembly Line
- Material Handling
- Welding Process
- Packaging Line
- Painting Line
- Inspection Line
To understand of the competitive landscape in the Global Robotic End of Arm Tools Market better, the report covers the profile of the following top players:
Industry challenges together with the latest developments in the technological developments of the Global Robotic End of Arm Tools Market have been elaborated on in the market intelligence report.
It also provides a detailed picture of the trends of the changing industry structure and the challenges that are faced by various industry participants. The report elaborates on the major challenges that the participants of the said market could possibly across the globe.
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the Robotic End of Arm Tools Market
- Factor that might restrain the growth of the global Robotic End of Arm Tools market in the coming years of the forecast period
- What is present competitive scenario of the global Robotic End of Arm Tools Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Market
