February 06, 2020
According to a recent study titled ‘Assembly Machine Market Size By Type (Manual, Semi-Automatic, Fully Automatic), By Application (Automotive, Cosmetics, Electronics, Food & Beverage, Healthcare), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, South Korea, Brazil, Mexico), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025’, available with Market Study Report LLC, the global assembly machine market is anticipated to cross USD 9 billion by the year 2025.
Increasing adoption of automated solutions, in consort with technological advancements in the manufacturing sector is fueling the growth of assembly machine market. Automated solutions offer several benefits including high-speed operations, smooth processing, and extended lifespan, coupled with low energy consumption and improved worker safety. New innovations such as IoT, AI, machine learning, and robotics are replacing legacy methods, thereby, boosting the growth of assembly machine market. Expansion of the manufacturing sector and large-scale production in developed economies will further enhance the business landscape in the years to come.
Based on the type, fully automatic segment of assembly machine market is expected to witness significant growth in the coming years, owing to the benefits they provide. The use of fully automated manufacturing solutions helps in streamlining the production process and reduces errors. These systems have a high adoption rate in settings which require cleanliness such as pharmaceuticals or medical device assemblies.
Based on the application spectrum, assembly machine market from cosmetics segment is anticipated to grow substantially during the forecast period, on account of rising disposable income, increasing westernization, and rapid growth of e-commerce. The manufacturers in the cosmetics sector are adopting the automated assembly equipment to fasten the production and packaging processes.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/2203964/
Considering the geographical outlook, Asia Pacific assembly machine market is expected to grow momentously during 2019-2025, due to rapid industrialization and expansion of manufacturing sector. Government initiatives such as ‘Make in India’ and ‘Made in China’ will support the smaller players to expand their production sites. Abundance of raw materials and lower labor costs will further stimulate the regional market growth in the coming future.
The major players of assembly machine market are EMAG GmbH & Co. KG, Extol, Inc., Bystronic Maschinen AG, FANUC Corporation, Haumiller, Hindustan Automation, Isthmus Engineering, Intec Automation, Inc., Kawasaki Heavy Industries, Ltd., Norwalt Design, Inc., Mondragon Assembly, RNA Automation Limited, and Gefit Group.
Frequently Asked Questions (FAQ) :