Market Overview:
The global robot tool changers market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for industrial robots across various industries, such as automotive, electrical and electronics, machinery, rubber, plastics & chemicals, food & beverage and others. In addition, the growing adoption of collaborative robots (cobots) is also contributing to the growth of this market.
Product Definition:
A robot tool changer (RTC) is a device that enables a robot to change its end effector, or tool, quickly and easily. This is important because it allows the robot to perform multiple tasks without having to be reprogrammed each time.
Manual Robot Tool Changers:
Manual robot tool changers are used to change tools in a fixed sequence. It is also known as manual or static tool changer. The product includes various types of components such as automated rack, automated pallet truck, and robotic arm among others. These components work together to perform the desired task of changing tools in a set order without any human intervention.
Automatic Robot Tool Changers:
Automatic robot tool changers are used to change tools in a sequence. It is an important part of material handling equipment and industrial robots. The automatic robot tool changers are classified into two types on the basis of their applications, namely fixed-arm and flexible-arm automatic robot tool changers.
Application Insights:
The automotive application segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to the increasing production of electric and self-driving vehicles, which require a high level of precision and accuracy during manufacturing processes. In order to automate these processes, companies are focusing on developing robot tool changers that offer higher levels of efficiency and reliability. For instance, Automated Solutions Ltd., a UK-based company provides automated solutions for plastic injection machines along with robot arm systems that help reduce human errors during production process by automating part feeding & ejection activities.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand from countries such as Japan, South Korea, China, and India. Asia Pacific has been witnessing a rapid increase in industrial automation which is further anticipated to drive the demand for robot tool changers over the forecast period.
The growing electronics industry in China owing to low labor costs coupled with government support for manufacturing activities are some of the major factors responsible for driving regional growth. Furthermore, rising investments by companies such as Siemens AG; ABB Ltd.; Mitsubishi Electric Factory Automation & Robotics Corporation; Kawasaki Robotics Corp.; Hyundai Heavy Industries Co., Ltd.; and others are also contributing towards market growth across various application areas including automotive (Japan), electrical/electronics (South Korea), machinery (Taiwan), rubber processing (China), food & beverage processing plants(UAE) among others.
Growth Factors:
- Increasing demand for industrial robots in automotive and electronics industries
- Growing demand for robot tool changers from small- and medium-sized enterprises (SMEs)
- Rising adoption of collaborative robots (cobots)
- Proliferation of next-generation technologies, such as artificial intelligence (AI), machine learning, and cloud robotics
- Emergence of new applications areas for robot tool changers, such as food processing and packaging
Scope Of The Report
Report Attributes
Report Details
Report Title
Robot Tool Changers Market Research Report
By Type
Manual Robot Tool Changers, Automatic Robot Tool Changers
By Application
Automotive, Electrical and Electronics, Machinery, Rubber, Plastics & Chemicals, Food & Beverage, Others
By Companies
ATI, Staubli, Schunk, Destaco, Applied Robotics, RSP, AGI, Nitta, Pascal, Carl Kurt Walther, Robotic & Automation Tooling, OBARA Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Robot Tool Changers Market Report Segments:
The global Robot Tool Changers market is segmented on the basis of:
Types
Manual Robot Tool Changers, Automatic Robot Tool Changers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electrical and Electronics, Machinery, Rubber, Plastics & Chemicals, Food & Beverage, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ATI
- Staubli
- Schunk
- Destaco
- Applied Robotics
- RSP
- AGI
- Nitta
- Pascal
- Carl Kurt Walther
- Robotic & Automation Tooling
- OBARA Corporation
Highlights of The Robot Tool Changers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Manual Robot Tool Changers
- Automatic Robot Tool Changers
- By Application:
- Automotive
- Electrical and Electronics
- Machinery
- Rubber, Plastics & Chemicals
- Food & Beverage
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Robot Tool Changers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Robot Tool Changers is a software program that allows users to change the tool settings on their robots. This can be useful for changing the speed, direction, or height of a robot's tools.
Some of the key players operating in the robot tool changers market are ATI, Staubli, Schunk, Destaco, Applied Robotics, RSP, AGI, Nitta, Pascal, Carl Kurt Walther, Robotic & Automation Tooling, OBARA Corporation.
The robot tool changers market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Robot Tool Changers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Robot Tool Changers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Robot Tool Changers Market - Supply Chain
4.5. Global Robot Tool Changers Market Forecast
4.5.1. Robot Tool Changers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Robot Tool Changers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Robot Tool Changers Market Absolute $ Opportunity
5. Global Robot Tool Changers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Robot Tool Changers Market Size and Volume Forecast by Type
5.3.1. Manual Robot Tool Changers
5.3.2. Automatic Robot Tool Changers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Robot Tool Changers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Robot Tool Changers Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electrical and Electronics
6.3.3. Machinery
6.3.4. Rubber, Plastics & Chemicals
6.3.5. Food & Beverage
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Robot Tool Changers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Robot Tool Changers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Robot Tool Changers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Robot Tool Changers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Robot Tool Changers Demand Share Forecast, 2019-2029
9. North America Robot Tool Changers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Robot Tool Changers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Robot Tool Changers Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electrical and Electronics
9.4.3. Machinery
9.4.4. Rubber, Plastics & Chemicals
9.4.5. Food & Beverage
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Robot Tool Changers Market Size and Volume Forecast by Type
9.7.1. Manual Robot Tool Changers
9.7.2. Automatic Robot Tool Changers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Robot Tool Changers Demand Share Forecast, 2019-2029
10. Latin America Robot Tool Changers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Robot Tool Changers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Robot Tool Changers Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electrical and Electronics
10.4.3. Machinery
10.4.4. Rubber, Plastics & Chemicals
10.4.5. Food & Beverage
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Robot Tool Changers Market Size and Volume Forecast by Type
10.7.1. Manual Robot Tool Changers
10.7.2. Automatic Robot Tool Changers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Robot Tool Changers Demand Share Forecast, 2019-2029
11. Europe Robot Tool Changers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Robot Tool Changers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Robot Tool Changers Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electrical and Electronics
11.4.3. Machinery
11.4.4. Rubber, Plastics & Chemicals
11.4.5. Food & Beverage
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Robot Tool Changers Market Size and Volume Forecast by Type
11.7.1. Manual Robot Tool Changers
11.7.2. Automatic Robot Tool Changers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Robot Tool Changers Demand Share, 2019-2029
12. Asia Pacific Robot Tool Changers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Robot Tool Changers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Robot Tool Changers Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electrical and Electronics
12.4.3. Machinery
12.4.4. Rubber, Plastics & Chemicals
12.4.5. Food & Beverage
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Robot Tool Changers Market Size and Volume Forecast by Type
12.7.1. Manual Robot Tool Changers
12.7.2. Automatic Robot Tool Changers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Robot Tool Changers Demand Share, 2019-2029
13. Middle East & Africa Robot Tool Changers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Robot Tool Changers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Robot Tool Changers Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electrical and Electronics
13.4.3. Machinery
13.4.4. Rubber, Plastics & Chemicals
13.4.5. Food & Beverage
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Robot Tool Changers Market Size and Volume Forecast by Type
13.7.1. Manual Robot Tool Changers
13.7.2. Automatic Robot Tool Changers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Robot Tool Changers Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Robot Tool Changers Market: Market Share Analysis
14.2. Robot Tool Changers Distributors and Customers
14.3. Robot Tool Changers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ATI
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Staubli
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schunk
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Destaco
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Applied Robotics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. RSP
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AGI
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Nitta
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pascal
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Carl Kurt Walther
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Robotic & Automation Tooling
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. OBARA Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
