Robotic End of Arm Tools (EOAT) Market Projected to Witness Vigorous Expansion by 2018 to 2028

Posted on 2019-10-15 by Mark Hub in Industrial // 0 Comments

A recent research study by Fact.MR estimates global sales of robotic end of arm tools (EOAT) to surpass US$ 2,000 Mn in 2019, up from US$ 1, 900.3 Mn in 2018. This growth in sales can be attributed to the ever-evolving demand of industrial ecosystems for high productivity via industrial robotics. According to Fact.MR, demand for robotic end of arm tools (EOAT) in the automotive industry is estimated to surge, as automakers are rapidly gravitating toward robotic systems to handle complex manufacturing tasks. Automakers across the globe seek flexibility of robots to perform uninterrupted multi-tasking, which makes robotic end of arm tools (EOAT) a viable investment, both in terms of cost reduction and superlative performance.

APEJ to Remain the Largest Market for Robotic End of Arm Tools (EOAT)

As per the Fact.MR report, APEJ will be highly lucrative region for the manufacturers in the robotic end of arm tools (EOAT) market, as the end-use industries in APEJ aim to stay at the forefront of the ‘Industry 4.0’ trend. This, in turn, is creating untapped potential for the manufacturers in the robotic end of arm tools (EOAT) market to reap sizeable profits.

Get a Sample Copy of Concerned Market Report from here – https://www.factmr.com/connectus/sample?flag=S&rep_id=503

Flexibility, controlled pressure, and cycle times remain three among the key considerations of end-use industries while opting for robotic end of arm tools (EOAT), unveils the Fact.MR report. By taking into account the aforementioned, manufacturers are adopting a collaborative approach for successful development of products that are well-aligned with the end-user requirements.

Apart from strategic collaborations and product launches, the manufacturers in the robotic end of arm tools (EOAT) market are participating in exhibitions and conferences to demonstrate on their new product launches. This helps them in branching out to business-to-business trade and tapping into new customer segments.

The Fact.MR report analyzes prime opportunities brimming in the global robotic end of arm tools (EOAT) market. As per the report, the global robotic end of arm tools (EOAT) market is likely to witness growth at a CAGR of over 10% over the forecast period.

Ask Your Query to Our Experts from Here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=503

With industrial ecosystems facing the constant pressure to enhance productivity and reduce operating costs, the demand for collaborative robots is higher than ever. Subsequently, evolving roles for collaborative robots bring robotic end of arm tools (EOAT) into the fore with a crucial role to play i.e. offering the desired functionality to the robot systems.

About FactMr

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Matched content

Editor’s pick