Robotics End-Of-Arm Tooling (EoAT) Market to Grow by USD 1.05 Billion (2024-2028) Driven by Demand for Modular Solutions and AI Innovations

Barchart · 10/15 18:52

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.

Read more at prnewswire.com