Global Robotics End of Arm Tooling Market to Grow at a CAGR of 4.7% During 2024-2032, Aided by the Rising Adoption of Automation across Various Industries

The rising adoption of automation technologies across different industries to boost productivity, enhance efficiency, and strengthen competitiveness is driving the robotics end of arm tooling market expansion. Robotics end-of-arm tooling (EOAT) is widely utilised to enable interaction between robots and objects, aiding in the execution of diverse industrial processes such as welding, packaging, painting, glueing, coating, cutting, drilling, polishing, and materials handling, among others.

The growing demand for customised robotic end-of-arm tools (EOATs) engineered with industry-specific specifications to manage specialised implements is propelling the market expansion. Additional determinants such as swift industrialisation efforts, scarce labour availability, and heightened focus on employee welfare are expected to accelerate the market growth in the forecast period.

Key factors contributing to the global expansion of the market involve a rising necessity for enhanced productivity, improved operational efficiency, and cost reduction in manufacturing processes. End-effectors empower robots to execute intricate tasks with precision and consistency, enabling increased production volumes and decreased labour expenditures.

In February 2024, Zimmer Biomet Holdings Inc. (NYSE: ZBH) announced that it received FDA 510(k) clearance for its ROSA Shoulder System. Zimmer Biomet claimed that the system marks the first surgical robot designed for shoulder replacement procedures. The ROSA Shoulder System is the fourth application of Zimmer Biomet's Robotic Surgical Assistant platform. This platform previously received clearance for the ROSA Knee System used in total knee arthroplasty and the ROSA Hip System used in total hip replacement.

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Market Breakup by Type, End Use, and Region:

• On the basis of the type, the market is classified into grippers, welding torches, material removal torches, and tool changers.

• The market is segmented based on end use into automotive, semiconductor and electronics, food and beverage, pharmaceuticals, industrial machinery, and logistics, among others.

• Region wise, the market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• End-of-arm tooling plays a pivotal function in augmenting robotic systems' functionality and abilities across industries like manufacturing, automotive, electronics, and healthcare. These tools are fundamental for tasks involving gripping, welding, materials handling, packaging, and assembly that necessitate exact and effective interaction between robots and their operational environment.

• Advancements in industrial and collaborative robot arms have grown significantly in recent years, with robot end-effector evolution accelerating notably over the past few years. This growth is partly driven by increasing demand for dexterous manipulation capabilities in pick-and-place operations such as e-commerce order fulfilment.

• There is also growing demand for deploying robotics systems across various end-user industries globally, which is driving the need for more advanced robot end-effectors. Furthermore, government initiatives in many countries aimed at encouraging greater adoption of robotics technologies are aiding the robotics end of arm tooling market growth.

• However, the upfront costs associated with installing robotic end-effectors can be substantial for industrial organisations, frequently resulting in higher installation expenses than alternative options.

Key Offerings of the Report:

• The EMR report gives an overview of the global robotics end of arm tooling market for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the types, end uses, and major regions of robotics end of arm tooling.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global robotics end of arm tooling market are Schunk GmbH & Co. KG, Festo Inc., ASS Maschinenbau GmbH, Robotiq Inc., Zimmer Group, Destaco, Piab AB, Applied Robotics Inc., and EMI Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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