NEW YORK, Oct. 15, 2024 /PRNewswire/ -- Report on how AI is redefining market landscape- The global robotics end-of-arm tooling (eoat) market size is estimated to grow by USD 1.05 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.04% during the forecast period. Rise in demand for modular end-of-arm-tooling is driving market growth, with a trend towards use of fdm and additive manufacturing in end-of-arm-tooling manufacturing. However, high cost of deployment of industrial robots limiting demand for robotics end-of-arm-tooling poses a challenge. Key market players include ASS Maschinenbau GmbH, Barnes Group Inc., Coval Vaccum Technology Inc., Dover Corp., Effecto Group S.p.A., EMI Corp., Festo SE and Co. KG, FIPA GmbH, IPR GmbH, Novanta Inc., OnRobot AS, Piab AB, Robotiq Inc., RoboTool Inc., SCHUNK GmbH and Co. KG, Soft Robotics Inc., Toyota Industries Corp., and Zimmer Group GmbH.
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Forecast period |
2024-2028 |
Base Year |
2023 |
Historic Data |
2018 - 2022 |
Segment Covered |
Application (Material handling, Assembly line, Welding and soldering, Surface treatment and finishing, and Others), End-user (Automotive, Semiconductor and electronics, Food and beverage, Industrial machinery, and Others), and Geography (APAC, Europe, North America, South America, and Middle East and Africa) |
Region Covered |
APAC, Europe, North America, South America, and Middle East and Africa |
Key companies profiled |
ASS Maschinenbau GmbH, Barnes Group Inc., Coval Vaccum Technology Inc., Dover Corp., Effecto Group S.p.A., EMI Corp., Festo SE and Co. KG, FIPA GmbH, IPR GmbH, Novanta Inc., OnRobot AS, Piab AB, Robotiq Inc., RoboTool Inc., SCHUNK GmbH and Co. KG, Soft Robotics Inc., Toyota Industries Corp., and Zimmer Group GmbH |
Key Market Trends Fueling Growth
During the forecast period, the robotics end-of-arm tooling market is anticipated to witness significant growth due to the increasing adoption of advanced manufacturing technologies like Fused Deposition Modeling (FDM) and additive manufacturing. FDM technology offers faster customization and the ability to incorporate complex components using durable and lightweight plastics, making it more advanced than traditional manufacturing methodologies. Additive manufacturing, on the other hand, ensures complex geometries and consolidated design features. Both FDM and additive manufacturing have undergone advancements, enabling customization and fast design cycles. Robai, a leading robotics manufacturer, and Stratasys, a prominent additive manufacturing solutions provider, have adopted these technologies to produce components tailored to end-user requirements. Compared to Computer Numerical Control (CNC) machines, these technologies are more efficient and offer cost savings and reduced delivery times. These advantages are expected to fuel the growth of the robotics end-of-arm tooling market during the forecast period.
The Robotics End-Of-Arm Tooling (EOAT) market is experiencing significant growth due to increasing automation in various industries. Industrial robots, including robotic arms and manipulators, require EOAT to grasp, move, lift, weld, cut, and perform other tasks. Semiconductor, automotive, and aerospace industries are major consumers of EOAT. Trends include application insights for surface treatment, customised EOAT solutions, and collaboration with robots (cobots). New sectors like agriculture, healthcare, e-commerce, and logistics are adopting EOAT for precision gripping, vacuum and pneumatic suction, and welding applications. Robotics technology continues to evolve, with electric grippers, vision systems, and non-traditional sectors driving demand. EOAT includes grippers (vacuum, suction, precision, soft hand, and welding torches), sensors, and end effectors (suction cups, welding wands, screwdrivers). The market is expected to grow further with advancements in robotics technology and increasing demand from e-commerce and personalised medicine sectors.
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Market Challenges
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Segment Overview
This robotics end-of-arm tooling (eoat) market report extensively covers market segmentation by
1.1 Material handling- The Robotics End-Of-Arm Tooling (EoAT) market refers to the production and sale of devices that attach to robotic arms to enhance functionality. These tools include grippers, sensors, and effectors, enabling robots to perform various tasks such as assembly, welding, and material handling. Companies in this sector focus on innovation and customization to meet diverse industry requirements, ensuring increased productivity and efficiency for businesses adopting automation solutions.
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Research Analysis
Robotic end-of-arm tooling (EOAT) refers to the specialized components that attach to the end of a robot arm or manipulator in industrial automation applications. These tools enable robots to perform various tasks such as grasping, moving, lifting, welding, cutting, and more. EOAT includes a wide range of tools like grippers, vacuum cups, suction cups, mechanical grippers, deburring tools, welding guns, sprayers, nozzles, cutters, grinders, welding torches, screwdrivers, and more. These tools are essential for industrial robots to effectively and efficiently execute tasks in manufacturing, assembly, packaging, and other industries. Customized EOAT solutions cater to specific application requirements, while collaborative robots (cobots) use EOAT to work safely alongside human operators.
Market Research Overview
Robotics End-Of-Arm Tooling (Eoat) refers to the devices that attach to the end of a robot arm or manipulator to enable it to perform specific tasks in industrial automation. These tools include grippers, suction cups, vacuum cups, welders, sensors, and various cutting, drilling, and grinding tools. Eoat is essential for industries requiring precision, material handling, and automated processes, such as food processing, material removal, surface treatment, and welding. Advanced materials like stainless steel, aluminum, ceramics, carbon fibers, and composites are commonly used to manufacture Eoat due to their durability, lightweight, and high-strength properties. Eoat enables robots to grasp, move, lift, and manipulate objects with precision, reducing manual labor, human errors, material wastage, and logistics costs. In non-traditional sectors like agriculture, healthcare, e-commerce, and electronics, customized Eoat solutions are increasingly being adopted for tasks ranging from precision welding and plasma cutting to inspection, surgical assistance, and material removal. Collaborative robots (cobots) and modular robotics Eoat are also gaining popularity for their adaptive gripping, object recognition, and application insights capabilities.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio