Global sales of robotic end of arm tools are set to surpass $2 billion in 2019, up from $1.9 billion in 2018, according to a report by Fact.mr.
This growth in sales can be attributed to the ever-evolving demand of industrial ecosystems for high productivity via industrial robotics.
With industrial ecosystems facing the constant pressure to enhance productivity and reduce operating costs, the demand for collaborative robots is higher than ever. [Read more…] about Robotic end of arm tools sales set to increase by 5 percent to $2 billion in 2019, says report