The ‘Global Robotics End of Arm Tooling Market Share, Size, Growth, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global robotics end of arm tooling market, assessing the market on the basis of its segments like types, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Robotics End of Arm Tooling Market Size, Share, Price, Growth, Trends, Industry Report, Key Players, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Nearly USD 2.12 Billion
- Forecast CAGR (2023-2028): 4.80%
- Forecast Market Size (2028): Around USD 2.79 Billion
Robotics end-of-arm technology is a versatile technology that enhances the functionality of robots and increases the efficiency of various processes. The robotics end of arm tooling market is being supported by the rising adoption of robots amid increasing automation to carry out a variety of applications, including material handling, palletising, welding, and assembling, among others.
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The adoption of Industry 4.0 in the manufacturing sector is driving the use of robotics end of arm tools as they can efficiently move objects and optimise and streamline production processes.
The increasing implementation of automation in small and medium enterprises to improve production processes and enhance workplace safety is another robotics end of arm tooling market driver.
Robotics End of Arm Tooling Industry Definition and Major Segments
Robotics end of arm tooling, in short EOAT, refers to the end part of a robotic arm where equipment is attached to enable interaction with parts and components. It is an integral part of robotic technology as it gives a robot a specific function, and it can be customised according to the application. Some of the main types of EOATs include grippers, magnets, welding, and vacuum.
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Based on types, the market can be segmented as:
- Welding Torches
- Material Removal Torches
- Tool Changers
By end use, the market is classified into:
- Semiconductor and Electronics
- Food and Beverage
- Industrial Machinery
The major regional markets of robotics end of arm tooling includes:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Robotics End of Arm Tooling Market Trends
The demand for robotics end of arm tooling is anticipated to increase due to the expanding applications of these tools in the semiconductor industry, which is anticipated to fuel the robotics end of arm tooling market expansion during the forecast period.
The market is expected to be further boosted by the rising demand for downstream semiconductor products like computers, laptops, microwaves, and refrigerators, among other things. Moreover, the growing use of such tools in the shipping of freight, the surging trend of automation in the food and beverage sector, and technological advancements and innovations are anticipated to create lucrative growth opportunities for the market for robotics end of arm tooling in the coming years.
Key Market Players
The major players in the global robotics end of arm tooling market report include Schunk GmbH & Co. KG, Festo Inc., ASS Maschinenbau GmbH, Robotiq Inc., Zimmer Group, Destaco, Piab AB, Applied Robotics Inc., and EMI Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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