Global industrial assembly equipment market was worth USD 136.25 billion in the year 2020 and is expected to observe significant expansion during 2021-2026.

Industry Snapshot:

• Surging production of automotive and consumer electronic products is a major growth determinant for the market.
• Soaring demand for energy due to a massive increase in the presence of small & medium enterprises (SMEs) is likely to escalate industry development during 2021-2026.
• Rising automation in manufacturing sector to improve the quality with reduced variability and minimal errors is also driving the product uptake.

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Segmental Overview:

Type	Fastening Equipment
	Assembly Equipment
End-User	Food & Beverage
	Automotive
	Consumer Electronics
	Others
Regions	Americas
	Asia Pacific
	Europe
	Middle East and Africa

 

Window to the future:

• The assembly equipment segment of worldwide industrial assembly equipment market is estimated to register substantial growth during the analysis period, owing to the imperative role played by assembly robots in the process of manufacturing.
• The consumer electronics end-user vertical is anticipated to retain a significant market share during the study period, due to surging demand for consumer electronics which is boosting the sale of industrial assembly equipment.
• Asia Pacific industry is poised to arise as a lucrative avenue during the assessment period, attributed to increasing urban population, improved disposable income, combined with a rise in the manufacturing activities across the region.

Explainer:

Intensified government regulations for product quality and manufacturing standards across numerous countries is likely to steer massive development for the business sphere during the evaluation period.

The essential players in global industrial assembly equipment industry are Indufit Machine, Atlas Copco Ltd., Keller Technology, Rockwell Automation Inc. Kinematic Automation, ARaymond Automotive, Flexicon Corporation, RNA Automation, AeroGo Inc., Hitachi Ltd., and High-Tech Corporation among others.

Concluding lines:

Market research is a process of finding, reviewing, and summarizing data about the market to use it to form impactful strategies and make informed decisions. MarketStudyReport offers a report titled ‘Global Industrial Assembly Equipment Market (2021 Edition) - Analysis by Type (Fastening Equipment, Assembly Equipment), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ which lists the parameters influencing the market conditions and gives solid solutions to mitigate the impact of the obstacles in order to gain considerable returns during the forecast period.