USD 892 Mn growth expected in Robotics End-Of-Arm Tooling Market | Barnes Group Inc. and Dover Corp. emerge as dominant players

USD 892 Mn growth expected in Robotics End-Of-Arm Tooling Market | Barnes Group Inc. and Dover Corp. emerge as dominant players | Technavio

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Dec 07, 2021

NEW YORK, Dec. 6, 2021 /PRNewswire/ — The robotics end-of-arm tooling market research report by application and geography has been added to Technavio’s offering. According to Technavio, 62% of the overall market growth is expected to originate in APAC during the forecast period. The expansion of end-user industries and the increasing adoption of robots to enhance production efficiency are creating significant growth opportunities for market players in APAC.

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The robotics end-of-arm tooling market is driven by the rising demand for modular robotics end-of-arm tooling (EOAT). The rising focus on enhancing the production efficiency among manufacturers has resulted in increased investments in industrial robots. Many end-users are exhibiting strong demand for modular EOAT that can handle tasks involving multiple sizes, geometries, and materials. Such growing requirements from end-users are driving vendors to incorporate various advanced features such as including servo motors and pre-configurability using multiple axis controllers. Many such developments are expected to drive the growth of the market during the forecast period.

In addition, technological advances in grippers for collaborative robots will have a positive impact on the growth of the market. However, the high cost of deployment of industrial robots will hinder the market growth to a certain extent.

Talk to our Analyst for further insights on additional trends and challenges impacting market growth

Some of the major robotics end-of-arm tooling manufacturers:

Applied Robotics Inc.: The company offers products such as XChange Tool Changers and QuickSTOPTM collision sensors.
ASS Maschinenbau GmbH: ASS ID gripper is the key product offered by the company.
Barnes Group Inc.: The company offers a wide range of robotics end-of-arm tooling products under
the brand GIMATIC.
Dover Corp.: The company offers robotics EOAT products such as End effectors.
EMI Corp.: The company offers robotics EOAT products such as Laser-Cut Plate EOAT.

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Robotics End-Of-Arm Tooling Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.75%
Market growth 2021-2025	USD 892.00 million
Market structure	Fragmented
YoY growth (%)	1.72
Regional analysis	APAC, North America, Europe, South America, and MEA
Performing market contribution	APAC at 62%
Key consumer countries	China, US, Japan, South Korea (Republic of Korea), and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Applied Robotics Inc., ASS Maschinenbau GmbH, Barnes Group Inc., Dover Corp., EMI Corp., Festo SE and Co. KG, FIPA GmbH, IPR GmbH, Novanta Inc., and Toyota Industries Corp.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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