Global Robotics End-of-arm Tooling Market is Expected to Reach US$ $2,416 million by 2023

Date : Aug 21, 2018

New report published by Global QYResearch which offers insights on the global Robotics End-of-arm Tooling market. The Robotics End-of-arm Tooling market has witnessed significant growth in the past few years, and is expected to maintain this trend during the forecast period. The global Robotics End-of-arm Tooling Market size was valued at $1,584 million in 2017, and is expected to reach at $2,416 million by 2023, growing at a CAGR of 7.99% from 2018 to 2023. 

Global Robotics End-of-arm Tooling Market: Market Driver and Restraint

There are major three classifications of Robotics End-of-arm Tooling in this report, Normal Robotics End-of-arm Tooling and Sound Control Robotics End-of-arm Tooling. In the global market, the output volume share of each type of Robotics End-of-arm Tooling is 86.26% and 17.34% in 2017.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Robotics End-of-arm Tooling industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Global Robotics End-of-arm Tooling Market: Key Takeaways

• One of the major drivers for this market is growth in popularity of cobots. Traditionally, industrial robots used in packaging applications were kept behind barriers or cages to prevent contact from humans by accident. To ensure safety, multiple safety measures regulate the use of these robots, such as restricting their motion to the human-free territory with safety interlocks that halt the robot's movements when humans enter those zones. On the other hand, one of the major factors hindering the growth of this market is high initial cost of robotic implementation.

Global Robotics End-of-arm Tooling Market: Forecast

The global Robotics End-of-arm Tooling Market size was valued at $1584.48 million in 2017, and is expected to reach at $2415.77 million by 2023, growing at a CAGR of 7.99% from 2018 to 2023.

Global Robotics End-of-arm Tooling Market: Forecast by Application

By industry vertical, the robotics end of arm tooling market is segmented into semiconductor & electronics, automotive, pharmaceuticals, food & beverage, industrial machinery, logistics and others. Automotive industry is likely to hold majority of the market share of the robotics end of arm tooling market by the end of the forecast period (31.63% in 2017). Automation in factories along with need to increase the production capacity of factories is expected to drive the growth of this segment over the forecast period. Food & beverage is the most attractive market owing to the rise in usage of robots to increase the production capacity and efficiency.

Global Robotics End-of-arm Tooling Market: Forecast by type

There are major three classifications of Robotics End-of-arm Tooling in this report, Robot Grippers and Robotic Tools. In the global market, the output volume share of each type of Robotics End-of-arm Tooling is 83.19% and 16.81% in 2017.

Global Robotics End-of-arm Tooling Market: Forecast by Region

Robotics End-of-arm Tooling industry is highly concentrated, manufacturers are mostly in the Asia, Europe and US. Among them, China output volume accounted for more than 69.89% of the total output of global Robotics End-of-arm Tooling in 2017. Apple is the world leading manufacturer in global Robotics End-of-arm Tooling market with the market share of 26.11%, in terms of revenue.

Global Robotics End-of-arm Tooling Market: Key Players

Schunk, Festo, SMC, Robotiq, Zimmer, Destaco, ATI Industrial Automation, EMI, IAI, Applied Robotics, Schmalz, RAD, FIPA, SAS Automation Bastian Solutions, Soft Robotics, Grabit the key vendors included in this report.

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