Fact.MR has announced the addition of the “ Robotic End of Arm Tools (EOAT) Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.

Pune, Maharashtra -- (SBWire) -- 05/02/2019 --What is Driving the Robotics End of Arm Tools (EOAT) Market?

Robotic end of arm tools (EOAT) have been gaining traction as primary equipment for seamless interaction with parts & components at the end of a robotic arm. Robotic end of arm tools (EOAT) are being increasingly deployed for offering specific functionalities to robots and accommodating multiple processes in one go.
Rising use of grippers, a key robotic end of arm tool (EOAT) type, in material handling is underpinning the market growth. Reduction of part damage remains a chief aspect fuelling adoption of various types of grippers in material handling, including pneumatic grippers, servo-electric grippers, vacuum grippers, and hydraulic grippers.
Advances in robotic technologies and growing end-user demand for higher productivity levels will bolster demand for robotic end of arm tools (EOAT) as a viable proposition across a wide-range of automated applications.
Robotic end of arm tools prove to be cost-saving and also aid in boosting ROI benefits for automation equipment- two of the highly-valued aspects across end-use industries.
Various end-use industries are embracing robotic end of arm tools (EOAT) to offer greater flexibility to their existing robot lines, which ensures multi-tasking by robots by simultaneously amplifying the overall performance levels.
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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.

Robotic End of Arm Tools (EOAT) Market Outlook: Key Insights

Sales of robotic end of arm tools witnessed growth at a rate of over 8% from 2013 to 2017. In line with growing demand for industrial robots, robotic end of arm tool sales are set to witness sheer proliferation.
Adoption of robotic end of arm tools for material handling is likely to grow at a CAGR of over 5% in 2019. Material handling segment is estimated to account for over 34% value share in 2028, emerging as the most-profitable process line.
APEJ will continue to be the largest market for robotic end of arm tools (EOAT), as industrial ecosystems across developing countries of the region are vying to stay at the forefront of 'Industry 4.0'.
Japan will emerge as the fastest-growing market for robotic end of arm tools (EOAT), as majority of the industrial units in Japan invest in automation and integration of robotic technology into their production frameworks.
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Additional Insight:

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.

Table of Contents Covered in the report are:

1. Executive Summary
1.1. Summary of Key Findings
1.2. Summary of Statistics
1.3. Fact.MR Analysis and Recommendations
1.4. Megatrends
1.5. Opportunity Assessment

2. Installed Base and Automation Indicator
2.1. Automation adoption rate by end-user industry
2.2. Automation adoption rate by region
2.3. Top five reasons for automation
2.4. Enterprises investment for process automation
2.5. Industrial and services automation trends
2.6. EOATs installed base by region
2.7. EOATs installed base by End-use Industry

3. Risk, & Opportunities
3.1. Associated Risks
3.2. Anticipated Opportunities
3.2.1. Intrinsic Opportunities
3.2.2. Extrinsic Opportunities

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4. End User Analysis and Measurement
4.1. Enterprises Spending on Robotics/Automation
4.2. Robotic End of Arm Tool adoption rate in top end-use industry
4.3. Top five Application for Automation
4.4. Improvement in Overall Business Process
4.5. Decrease in labor cost

5. Market Data - Introduction
5.1. Market Introduction
5.2. Market Definition
5.3. Market Breakdown
5.4. Megatrends in Robotic End of Arm Tools market