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The robotics end-of-arm tooling market size is estimated to grow at a CAGR of 4.96% between 2022 and 2027. The market size is forecast to increase by USD 992.39 million. The growth of the market depends on several factors such as the increase in demand for robotic end-of-arm tooling from the food and beverage industry, the rise in demand for modular end-of-arm-tooling and the
This report extensively covers market segmentation by 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). It also includes an in-depth analysis of drivers, trends, and challenges.
Robotics End-Of-Arm Tooling Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
In the food and beverage industry, there will be a noteworthy increase in the need for robotics end-of-arm-tooling. The industry has already made a significant shift towards automation and robotics, rather than relying on traditional mechanized equipment. This is due to recent trends like omnichannel order fulfilment and the high volume of stock-keeping units (SKUs) that are now commonplace. The end result is a substantial implementation of robotics in the end-user sector.
The main objective is to introduce robotic end-of-arm tooling that can handle a wide range of products with varying sizes, shapes, and weights. These robots must also meet the speed and pick rate requirements. The robotics end-of-arm market is expected to grow significantly due to advancements in vacuum grippers and adaptive grippers, which are now integrated into collaborative robots. As a result, there is expected to be a surge in demand from the food and beverage industry, driving the market's focus during the forecast period.
The market growth is expected to be influenced by the increasing popularity of hybrid tooling. This involves the combination of multiple gripper technologies in a single end-of-arm-tooling and is likely to receive substantial demand from end-users who want to avoid downtime involved in changing tools. A notable feature of hybrid tooling is the side channel mounting of standard gripper component hardware, which eliminates issues related to rotation or twisting.
In addition, hybrid tooling is designed to be modular, which makes it compatible with various types and brands of systems. Hybrid tooling has been extensively used in high-speed and heavy-duty applications like press tending. As the robotics end-of-arm tooling market for hybrid tooling grows, more vendors are expected to adopt it during the forecast period.
Small and medium-sized enterprises (SMEs) in developed nations are increasingly using automation and robots in their manufacturing processes to remain competitive. Industries such as rubber, plastics, chemicals, metal processing, food and beverage, and semiconductor and electronics are among those that are adopting robots. However, in developing countries, the adoption of robots has been slower due to the high initial cost, resulting in a minimal return on investment (ROI) for SMEs. Budget constraints are a significant limitation for SMEs in adopting industrial automation and robotic solutions. Additionally, the threat posed by industrial robots to manual labour is expected to prompt SMEs, particularly family-owned businesses, to adopt industrial robots at a slower pace.
Moreover, as the robotics end-of-arm tooling market grows, we expect that companies will increase their market share by offering a wider selection of products, including robotic end-of-arm tooling and additional services such as installation and consultation. This will ensure that their products meet the specific needs of small and medium-sized enterprises. However, this expansion may present challenges for the market, potentially limiting its growth during the forecast period.
The market share growth by the material handling segment will be significant during the forecast period. There is expected to be an increase in demand for industrial robots in the material handling market segment. This is due to the growing need for applications such as pick and place, bin picking, loading and unloading, press tending, packaging, die-casting, forging, and forming. End-user industries are opting to use these robots to optimize factory floor space. Vendors are now offering more flexible and high-precision robots in their product portfolios to carry out repetitive and sensitive tasks while meeting international standards of precision and quality. As a result, there will be an increase in demand for robotics end-of-arm-tooling like vacuum cups and grippers.
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The material handling segment was the largest segment and was valued at USD 1,338.45 million in 2017. Manufacturers in the global robotics end-of-arm-tooling market are striving to develop more versatile products that can handle various materials, packaging sizes, configurations, and weights while fitting into limited spaces. To meet this demand, vendors have focused on creating modular end-of-arm-tooling equipment that can be customized to eliminate the need for switching devices for different tasks. The integration of industrial robots with end-of-arm-tooling has become increasingly popular on factory floors, as most of these devices can handle heavy-duty materials, have a long reach, and can multitask. The robotics end-of-arm-tooling market is continuously expanding, driven by the need for adaptable and efficient equipment.
Based on end-user, this segment is classified into automotive, semiconductor and electronics, food and beverage, industrial machinery and others. The automotive segment is the largest segment of the market. The automotive sector had a high demand for the robotics end-of-arm tooling (EOAT) market in 2022. The market has been defined by the increasing adoption of robotic automation in manufacturing processes, particularly in automobile assembly lines. To increase productivity, improve precision, and guarantee cost-effectiveness in automobile manufacturing processes, there is a need for end-of-arm tooling solutions in the automotive industry. Automotive manufacturers use robotic systems with advanced end-of-arm tooling to handle tasks such as welding, material handling, and assembly, with the aim of simplifying processes and producing higher-quality output. The automotive industry's focus on ergonomics and safety has also led to an increase in the use of robotic solutions in this sector, which is expected to further boost market growth during the forecast period.
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APAC is estimated to contribute 63% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. The market for industrial robots in the APAC region has experienced significant growth. China, Japan, South Korea, Taiwan, and India have contributed significantly to the region's revenue. Many foreign manufacturers have established themselves in the region due to its importance as a base of operations. As more industries enter the market and existing ones adapt robot technology to enhance production efficiency, revenue and new entrants to the regional market are expected to surge. As a result, demand for robotics end-of-arm-tooling in the APAC region is expected to increase during the forecast period. The growth of the manufacturing industry in APAC has been facilitated by favourable government legislation and investments, leading to improved infrastructure and the industrial sector. In China, the Made in China 2025 initiative is expected to be a significant driver of robotics end-of-arm tooling market growth during the forecast period. The initiative aims to optimize the industry's structure, incorporate innovation-driven processes, and promote sustainable development, placing the Chinese industrial sector among the world's leading production chains. The country will focus on the structural adjustment of the manufacturing industry and the development of service-oriented and productive manufacturing in line with international standards.
The robotics end-of-arm tooling market in APAC was negatively impacted by the COVID-19 outbreak. China, Japan, South Korea, and India all experienced a high number of COVID-19 cases, resulting in governments implementing nationwide lockdowns to contain the spread of the disease. However, as vaccination rates increased and economic activity resumed, the demand for automation in various sectors, such as logistics and pharmaceuticals, grew significantly. The adoption of robotic end-of-arm tooling was driven by the need for automation in industries such as food and beverage and automotive, as well as the increased focus on worker safety. Moreover, it is expected that advancements in technology, the need for cost-effectiveness, and the continued emphasis on productivity and efficiency in manufacturing processes will drive market growth in the region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ASS Maschinenbau GmbH - The company offers robotics end-of-arm tooling such as ASS Robot Hand Kit.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
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., SCHUNK GmbH and Co. KG, Soft Robotics Inc., Toyota Industries Corp., RoboTool Inc., and Zimmer Group GmbH
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The robotics end-of-arm tooling market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Robotics End-Of-Arm Tooling Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.96% |
Market growth 2023-2027 |
USD 992.39 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.56 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 63% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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., SCHUNK GmbH and Co. KG, Soft Robotics Inc., Toyota Industries Corp., RoboTool Inc., and Zimmer Group GmbH |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis 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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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