Robotic End of Arm Tools (EOAT) Market Growth with Worldwide Industry Analysis t

Posted by Arslan on September 23rd, 2019

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.

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.

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.

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.

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.

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.

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