Global Robotics End of Arm Tooling Market Report and Forecast 2024-2032

Global Robotics End of Arm Tooling Market Outlook

The global robotics end of arm tooling market size was valued at USD 2.22 billion in 2023. The market is further projected to grow at a CAGR of 4.7% between 2024 and 2032, reaching a value of USD 3.37 billion by 2032.

Key Takeaways

• In the transportation and logistics sector, there were 50,000 new service robots installed in 2021 as opposed to 34,000 in 2020. Between 2020 and 2021, installations in the hospitality sector nearly doubled, from 11,000 to 20,000.

• According to robotics end of arm tooling market statistics, 81% of construction companies plan to implement or increase their use of automation and robotics in the next ten years.

• The robotics industry brought in USD 37.37 billion in revenue in 2023, with Asian companies bringing in the most with USD 13.51 billion.

• Over the next five years, logistics, automotive, healthcare, and pharmaceutical companies intend to allocate even more than 25% of their total capital to automation.

Robotics end of arm tooling (EOAT) refers to the devices that are attached to the end of a robotic arm and enable the robot to interact with its environment. EOAT can vary depending on the application and the type of robot, but some common examples are grippers, suction cups, welding torches, and screwdrivers. Robotic end of arm tools are capable of grabbing or lifting objects and can come in various shapes and sizes.

The robotics end of arm tooling market outlook is expected to be positive in the coming years. The market growth is driven by factors such as the increasing adoption of industrial robots across various sectors, the rising demand for customised and flexible EOAT solutions, and the growing need for automation and efficiency in production processes.

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Key Trends and Developments

Growing demand for collaborative robots in various industries, increasing adoption of electric grippers, and rising integration of sensors in end of arm are generating demand for robotics end of arm tools

Global Robotics End of Arm Tooling Market Trends

Technological advancements in the manufacturing sector is a major driving factor of the global robotics end-of-arm tooling market, as they can effectively manipulate objects which can optimise and streamline manufacturing operations.

The increasing automation in the food and beverage industry is among the key trends as robotic end of arm tools are applied in this sector to handle baked goods, fruits and vegetables, and clean labelled dairy products, among others. Hence, the burgeoning food and beverage industry across the developing economies is fuelling the robotics end of arm tooling market growth.

Further, the growing applications of robotic end of arm tools in the semiconductor sector is expected to boost the demand for robotic end of arm tooling, which, in turn, is likely to add to the market growth in the forecast period. The increasing demand for downstream semiconductor products such as computers, laptops, microwaves, and refrigerators, among others, is further augmenting the robotics end of arm tooling market development.

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Market Segmentation

Global Robotics End of Arm Tooling market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Grippers are expected to hold significant market share due to their ability to handle large, heavy, and delicate components

Grippers, based on type, account for a sizable portion of the global robotics end of arm tooling market share as grippers enable robots to pick up and hold objects which facilitates their versatile applications in the manufacturing sector. Grippers can carry out various processes involved in manufacturing such as inspection, assembly, and machine tending, among others. The ability of grippers to handle large and heavy to light and delicate components is expected to bolster the segment’s growth. Over the forecast period, the anticipated increase in demand for vacuum grippers, pneumatic grippers, precision grippers, and soft hand grippers, among other high-end specialised grippers is expected to fuel the segment’s growth.

Welding torches are another common type of end of arm tooling, as they enable robots to perform welding tasks with high precision, speed, and quality. Welding torches can be classified into gas, arc, plasma, and laser welding torches, depending on the source of heat and the material to be welded. According to robotic end of arm tooling market analysis, the growth of the welding torches and wear parts market is driven by the increasing adoption of robotics in welding applications, especially in the automotive, aerospace, construction, and shipbuilding industries.

Extensive utilisation of robotics for production of smart vehicles in automotive sector has increased the robotic end of arm tooling market size

Based on end use, automotives account for a significant share in the robotics end of arm tooling market landscape. This can be attributed to the prospering automotive sector across the emerging economies, fuelled by increasing demand for vehicles, rising disposable income, rapid urbanisation, and expanding transportation sector. Robotic end of arm tooling can improve the efficiency of automotive manufacturing operations while saving time and optimising the resources. Over the forecast period, the anticipated increase in demand for hybrid electric vehicles is likely to bolster the application of robotic end of arm tools in the automotive sector.

According to robotic end of arm tooling market report, pharmaceuticals industry is another important end user of robotics end of arm tooling, as it involves sensitive and critical tasks that require high quality, accuracy, and compliance. The increasing demand for personalised medicine, the rising need to prevent contamination and errors, and the adoption of automation and robotics in the pharmaceutical industry are some of the factors driving the growth of this segment.

Furthermore, the logistics sector is also a major end user of robotics end of arm tooling market, as it involves various tasks such as loading, unloading, sorting, and transporting goods that require high efficiency, reliability, and flexibility. The increasing demand for e-commerce, the growing need to reduce operational costs and delivery time, and the advancement of robotics technology are some of the factors driving the growth of this segment.

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Competitive Landscape

The market players are introducing novel robotic tools to stay ahead in the competition and to cater to industrial demand for advanced automating technologies

Other key players in the robotics end-of-arm tooling market include ASS Maschinenbau GmbH, Destaco, Piab AB, Applied Robotics Inc., and EMI Corporation, among others.

Global Robotics End of Arm Tooling Market Analysis by Region

Asia Pacific is one of the prominent regions in the market as it hosts some of the major end of arm tooling manufacturers

The Asia Pacific region is projected to dominate the robotics end of arm tooling market share, due to rapid industrialisation in emerging economies such as China, India, Japan, and South Korea. The region accounts for the largest share of industrial robots in the world, driven by the growing automotive, electronics, and metal industries. The region also hosts some of the major robot and end of arm tooling manufacturers, such as Yaskawa, Kawasaki, Denso, Nachi, and Soft Robotics. According to the International Federation of Robotics (IFR), a staggering 74% of all newly deployed robots in 2021 were installed in Asia.

The Europe robotics end of arm tooling market is anticipated to show substantial growth in the forecast period, due to the increasing demand for automation and innovation in the manufacturing industry. The region has a strong industrial base, especially in Germany, France, Italy, and the UK, where robots are widely used for various applications such as welding, assembly, painting, and material handling. The region also benefits from the presence of leading robot and end of arm tooling manufacturers, such as KUKA, Comau, OnRobot, Piab, and Zimmer Group. According to the IFR, in Europe, robot installations reached a new peak, with 84,302 units installed in 2021.

The North American region is also expected to witness significant growth in the robotics end of arm tooling market, owing to the high adoption of industrial robots in various industries such as automotive, aerospace, electronics, and healthcare. The presence of major robot manufacturers and end of arm tooling suppliers in the region, such as ABB, Fanuc, ATI Industrial Automation, Schunk, and Robotiq, also contributes to the robotics end of arm tooling market growth. According to the IFR, America installed 50,712 industrial robots in 2021, which is a 31% increase from 2020.

Key Highlights of the Report