The comprehensive report published by Fact.MR offers an in-depth intelligence related to the various factors that are likely to impact the demand, revenue generation, and sales of the Robotic End of Arm Tools (EOAT) market. In addition, the report singles out the different parameters that are expected to influence the overall dynamics of the Robotic End of Arm Tools (EOAT) market during the forecast period (2019-2029).
As per the findings of the presented study, the Robotic End of Arm Tools (EOAT) market is poised to surpass the value of ~US$ XX by the end of 2029 growing at a CAGR of ~XX% over the assessment period. The report includes a thorough analysis of the upstream raw materials, supply-demand ratio of the Robotic End of Arm Tools (EOAT) in different regions, import-export trends and more to provide readers a fair understanding of the global market scenario.
The report segregates the Robotic End of Arm Tools (EOAT) market into different segments to provide a detailed understanding of the various aspects of the market.
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The competitive analysis of the Robotic End of Arm Tools (EOAT) market includes valuable insights based on which, market players can formulate impactful growth strategies to enhance their presence in the Robotic End of Arm Tools (EOAT) market.
The regional analysis section of the report throws light on the growth prospects of the Robotic End of Arm Tools (EOAT) market in each region supported by relevant graphs, tables, and figures.
End-Use Industry Robotic End of Arm Tools (EOAT) Adoption Analysis
The market study sheds light on the forecasted demand/consumption pattern for the Robotic End of Arm Tools (EOAT) from different end-use industries over the forecast period.
- 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.
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.
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
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Key findings of the report:
- Intricate assessment of the competitive landscape of the Robotic End of Arm Tools (EOAT) market
- Country-specific analysis of the supply-demand ration for the Robotic End of Arm Tools (EOAT) in different geographies
- Influence of technological advancements on the Robotic End of Arm Tools (EOAT) market
- SWOT analysis of each company profiled in the report
- Y-o-Y growth projection for different market segments
The report aims to eliminate the following doubts related to the Robotic End of Arm Tools (EOAT) market:
- Which market segment is projected to generate the maximum revenue during the forecast period?
- Which region is expected to present lucrative opportunities for market players?
- What are the most preferred sales and distribution channels in the Robotic End of Arm Tools (EOAT) market?
- What are the potential roadblocks market players are likely to face during the forecast period?
- Which market player is expected to dominate the Robotic End of Arm Tools (EOAT) market in terms of market share in 2019?
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