Dublin, Nov. 20, 2018 (GLOBE NEWSWIRE) -- The "Global Robotics End-Of-Arm Tooling Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The robotics end-of-arm tooling market will register a CAGR of more than 13% by 2023
The rapidly increasing use of FDM and additive manufacturing in EOAT manufacturing is facilitating faster customization and is more advanced compared to other conventional methodologies. Owing to several advantages including cost-effectiveness and reduced delivery time, the adoption of robotics end-of-arm tooling is expected to rise in the forthcoming years.
Market Overview
Rise in demand for modular EOAT
Manufacturers across the globe have been increasing investments in incorporating industrial robots being used in several end-user industries to aid the workforce in carrying out a range of activities. For instance, many vendors in the packaging industry are preferring EOAT to accommodate future modifications, in turn, contributing to the continuous growth of the market.
High cost of deployment of industrial robots limits the demand for robotic EOAT
The ASPs of installing robotic EOATs are significantly high. Furthermore, the additional costs incurred on preventive maintenance, safety, operator training, and use of complementary peripheral equipment results in the limited adoption of robotic EOAT.
For the detailed list of factors that will drive and challenge the growth of the robotics end-of-arm tooling market during the 2019-2023, view the full report.
Competitive Landscape
Various robotics end-of-arm tooling manufacturers are leveraging advanced technologies to launch advanced products catering to the rising demand of automation across several end-user industries. This will result the market to witness intense competition in the forthcoming years. Furthermore, the manufacturers are focusing on incorporating advanced technologies to improve their shares in the market.
Report Summary:
According to the report, one of the major drivers for this market is the rapidly rising demand for modular EOAT. The latest trend gaining momentum in the market is the use of FDM and additive manufacturing in end-of-arm tooling manufacturing. Further, the report states that one of the major factors hindering the growth of this market is the considerably high cost of deployment of industrial robots coupled with additional costs incurred in operator training.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Material handling - Market size and forecast 2018-2023
- Assembly line - Market size and forecast 2018-2023
- Welding and soldering - Market size and forecast 2018-2023
- Surface treatment and finishing - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- EMEA - Market size and forecast 2018-2023
- Americas - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Use of FDM and additive manufacturing in EOAT manufacturing
- Emergence of hybrid tooling
- Rising innovations in electric grippers
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Applied Robotics
- ATI Industrial Automation
- Dover
- Festo
- Piab (subsidiary of Patricia Industries)
- Toyota Industries
PART 14: APPENDIX
For more information about this report visit https://www.researchandmarkets.com/research/cxxrd9/global_robotics?w=12
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