GLOBAL ROBOTICS END OF ARM TOOLING MARKET IS PREDICTED TO REACH USDÂ XXÂ BILLION BY 2033: SPER Market Research
A vital part of robotic peripherals are robotic end-of-arm tools. Robotic end of arm tools are the tools that are fixed to the end of a robotic arm. Robotic end-of-arm tools are also called as end effectors. End-of-arm tools are robot wrists that use a range of sensors and controllers to interact with the environment and carry out unique activities according on the application. Robotic end of arm tools (EOATs) include, among others, robotic grippers, tool changers, material removal tools, and welding torches.
According to SPER market research, ‘Global Robotics End of Arm Tooling Market Size- By Product Type, By End Use Industry, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Robotics End of Arm Tooling Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.
Drivers:
The market for robotics end-of-arm tooling (EOAT) is growing due to a variety of factors, which are indicative of the automation and robotics industry’s overall growth. The growing use of automation in a variety of industries, including consumer products, electronics, and the automotive sector, is one of the main causes driving the need for specialized end effectors that can improve production precision and efficiency. Technological developments that enable more complex and flexible EOAT solutions, like the merging of robotic systems with artificial intelligence and machine learning, are also driving the market expansion.
Challenges:
There are several issues facing the global robotic end-of-arm tooling industry that need to be resolved. End of Arm Tooling (EOAT) is the term used to describe the tools or attachments that are attached to the end of a robotic arm in order to interact with things and carry out particular tasks. The necessity of flexibility is one major obstacle. Numerous industries, such as manufacturing, healthcare, and logistics, use robots, and each has specific needs for the jobs that these machines must do.
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Impact of COVID-19 on Global Robotics End of Arm Tooling Market
Global robotics end-of-arm tooling market size lockdowns for the machinery and equipment industry were significantly impacted by the COVID-19 pandemic, resulting in trade restrictions and government lockdowns that disrupted supply and demand overall. Furthermore, a lack of raw resources hindered output. Nonetheless, the research provides details on the techniques used by major companies to fortify the supply chain over the course of the projection.
Robotics End of Arm Tooling Market Key Players:
Additionally, some of the market key players are; pplied Robotics Inc., ASS Maschinenbau GmbH, Barnes Group Inc., Dover Corp., EMI Corp.
For More Information, refer to below link:-
Robotics End of Arm Tooling Market Growth
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