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Robotic End of Arm Tools (EOAT) Market to Perceive Substantial Growth During 2018 to 2028

Press Release

An exclusive market study published by Fact.MR on the Robotic End of Arm Tools (EOAT) Market offers insights related to how the market is projected to grow over the forecast period 2018 to 2028. The objective of the report is to enable our readers to understand the various aspects of the Robotic End of Arm Tools (EOAT) Market and assist them to formulate impactful business strategies. Furthermore, the different factors that are expected to influence the current and future dynamics of the Robotic End of Arm Tools (EOAT) Market are discussed in the presented study.

According to the report, the Robotic End of Arm Tools (EOAT) market is set to reach a market value of ~US$ XX by the end and register a CAGR growth of ~XX% during the assessment period. The report offers an in-depth understanding of the Robotic End of Arm Tools (EOAT) supply chain, value, and volume chain across the various regional markets.

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Important Insights Enclosed in the Report:

  • Technological developments within the Robotic End of Arm Tools (EOAT) Market sphere
  • Growth prospects for new market players across different regions
  • Company profiles of leading players in the Robotic End of Arm Tools (EOAT) Market
  • Up-to-date insights related to the key success factors impacting the growth of the Robotic End of Arm Tools (EOAT) Market
  • Recent mergers, acquisitions, partnerships, and strategic alliances

The latest business intelligence report on the Robotic End of Arm Tools (EOAT) Market published by Fact.MR introspects the various parameters that are likely to influence the growth trajectory of the Robotic End of Arm Tools (EOAT) Market during the forecast period 2018 to 2028. The report includes a detailed qualitative and quantitative assessment of the Robotic End of Arm Tools (EOAT) Market and touches upon the business strategies of the prominent players operating in the Robotic End of Arm Tools (EOAT) Market.

The published report provides a deep understanding of the Robotic End of Arm Tools (EOAT) Market by segregating the market into different segments such as region, application, and end-use industry.

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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. A summary of the report is available upon request.

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.

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Scope of the Report 

robotic end of arm tooling market taxonomy

Important queries addressed in the Robotic End of Arm Tools (EOAT) Market report:

  • How will the evolving trends impact the growth of the Robotic End of Arm Tools (EOAT) Market over the forecast period?
  • Which companies are currently dominating the Robotic End of Arm Tools (EOAT) Market in terms of market share?
  • How can market players capitalize on the lucrative opportunities in Region 1?
  • What is the projected growth rate of the Robotic End of Arm Tools (EOAT) Market in various regions during the forecast period?
  • Is the current market scenario favorable for the growth of new market players?

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This post was originally published on Trading Herald

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