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Assembly Machine Market 2020| Industry Developments, Outlook, Current Trends by 2025

Author : Ronak Bora | Published Date : 2020-08-20 

The Asia Pacific assembly machine market is anticipated to grow over the forecast timeline owing to the growth in the manufacturing sector and rising industrialization in the region. Government initiatives such as Make in India and Made in China are supporting small-scale manufacturers to grow and expand their presence in the market. The high availability of raw materials and lower labor costs will further attract companies to invest in the region. Moreover, ongoing technological advancements in developed countries will encourage industries to implement advanced machinery in production lines.

?Enhanced productivity and the ability to facilitate manufacturers an optimal supply chain has propelled assembly machine market size significantly. Both manual and automated assembly lines improve productivity, efficiency and quality of manufacturing while reducing labor costs and cycle time. Major application segments like packaging, aerospace, pharmaceutical, military/defense and electronics have proliferated through the deployment of suitable machines on production lines, stimulating technological development.Government initiatives designed to improve a nation’s economic status will substantial drive assembly machine industry forecast, for instance in India which has initiated ‘Make in India’, an effort to help expand manufacturing businesses in the country. The Indian government is pushing for the share of manufacturing segment to increase up to 25% of GDP by the year 2025 from the 16% in 2018.

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Manufacturing units across developing economies will be adopting Industry 4.0 technologies like artificial intelligence, machine learning and robotics to transform operations with the help of semi or fully-automated assembly machinery for achieving cost efficiencies without quality compromises.

With the rise of the IoT, AI, and machine learning technologies, companies are replacing legacy methods, providing an impetus to the assembly machine market growth. They are replacing manual processes with automated solutions, increasing the safety of workers in handling and performing activities. Moreover, the incorporation of robotics technology with these machines is enhancing the overall productivity. Players are increasingly investing in R&D activities to provide advanced machinery with greater reliability and efficiency. The development of the manufacturing sector and the rise in the production of a large quantity of materials in developed markets will support industry growth.

Manufacturers across the globe are focusing on reducing their operating costs and increasing their profitability. The use of fully automated assembly allows mass production for manufacturers and helps to streamline the production process, reducing manufacturing errors. These machines allow automatic feeding and assembly of products. The efficiency obtained from these machines is more as they reduce energy costs due to low heating requirements. Moreover, automated processes increase accuracy and productivity in manufacturing operations. These machines are highly adopted for environments that demand proper cleanliness such as pharmaceuticals or medical device assembly.

In the assembly machine market, the cosmetics sector witnessed high demand for automated equipment. The rise in disposable income, the adoption of western culture in several countries, and the development of e-commerce are resulting in the high adoption of cosmetics products. Manufacturers are developing specific machinery for assembly and feeding of closures, plugs, mascara brushes, spray heads, lipstick mechanisms, pumps, and aerosol valves with an output of 1-10 parts per second. These machines are helping major companies in the cosmetics & perfumery industry to speed up the production process.

Companies like Norwalt Design Inc., Hindustan Automation, FANUC Corporation, Kawasaki Heavy Industries Ltd, Humard Automation SA, Haumiller, Extol, Intec Automation and Bystronic Maschinen AG are some of the prominent equipment manufacturers comprising the competitive hierarchy of global assembly machine market.

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Players are extensively involved in collaborations and look to acquire other companies to expand their portfolio. For instance, ABB had recently entered into a partnership with Cochin Shipyard, a government owned shipping corporation of India, to be able to provide automated assembly solutions.

Table of Contents (ToC) of the report:

Chapter 4. Assembly Machine Market, By Type

4.1. Key trends by type

4.2. Manual

4.2.1. Market estimates and forecast, 2015 – 2025

4.3. Semi-automatic

4.3.1. Market estimates and forecast, 2015 – 2025

4.4. Fully automatic

4.4.1. Market estimates and forecast, 2015 – 2025

Chapter 5. Assembly Machine Market, By Application

5.1. Key trends by application

5.2. Automotive

5.2.1. Market estimates and forecast, 2015 – 2025

5.3. Cosmetics

5.3.1. Market estimates and forecast, 2015 – 2025

5.4. Electronics

5.4.1. Market estimates and forecast, 2015 – 2025

5.5. Food & beverage

5.5.1. Market estimates and forecast, 2015 – 2025

5.6. Healthcare

5.6.1. Market estimates and forecast, 2015 – 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/assembly-machine-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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