Assembly Machine Market Size
Assembly Machine Market size valued at over USD 6.5 billion in 2018 and will grow at a CAGR of more than 5% from 2019 to 2025.
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As technology keeps racing ahead, businesses in industries like cars, healthcare, and electronics need to find ways to work faster and smarter. They're turning to machines that can automate tasks and boost productivity on assembly lines. These machines are getting really good at putting together small and tricky parts that need precision and care at every step of the manufacturing process. Companies are also using these machines to improve the quality of their products by cutting down on errors and making sure things are consistent. This is leading to a big boost in the assembly machine market over the next few years. There are two main types of assembly machinessemi-automatic and fully automatic. Semi-automatic machines need a human operator to help out, while fully automatic machines can work independently. Both types let businesses handle a wider range of tasks and meet specific needs. Using automated assembly systems not only makes work faster and more efficient, but it also creates a safer work environment for employees and reduces the chances of things going wrong.
Assembly Machine Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2018 |
| Assembly Machine Market Size in 2018 |
6.5 Billion (USD) |
| Forecast Period |
2019 to 2025 |
| Forecast Period 2019 to 2025 CAGR |
5% |
| 2025 Value Projection |
9 Billion (USD) |
| Historical Data for |
2014 to 2018 |
| No. of Pages |
150 |
| Tables, Charts & Figures |
130 |
| Segments covered |
Type, Application and Region |
| Growth Drivers |
- Ongoing technological advancements in the machinery
- Presence of safety and compliance standards for worker safety
- Growing demand for personal care products globally
- Rising labor costs in North America and Europe
- Growing demand for the machinery from pharmaceutical industry in the U.S., Europe and Asia Pacific
- Demand for manufacturing of high-quality and miniaturized electronic devices in Asia Pacific
- Increased packaged food & beverage consumption in Latin America and MEA
|
| Pitfalls & Challenges |
- Fluctuating raw material prices
- Need for high capital investment for setting up plants in developing markets
|
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As the healthcare industry embraces assembly units to craft medical goodies like syringes, tubes, and inhalers, it's sparking a surge in demand for these units. Why? Because plastics have become the go-to choice instead of metal and its buddies. They're more efficient, lighter, and better at resisting chemicals and corrosion. With plastics taking center stage, downtime takes a backseat, and production efficiency gets a boost. To streamline the manufacturing process, pharmaceutical companies are turning to the power of automation. These machines can assemble, test, and package these medical marvels with precision and speed. Many manufacturers are even integrating cutting-edge tech to make these machines even more reliable and durable. For example, Orientech Automation has teamed up with FANUC to create lightning-fast assembly robots for syringes, vials, and test tubes, making them essential tools for the pharmaceutical and medical industries.
Assembly Machine Market Analysis
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In 2018, many businesses switched to semi-automatic machines, which make up over half of all assembly machines sold. These machines are a great way to speed up production and improve quality, especially compared to manual machines, which take a lot of time. They're partly run by the machine and partly by people, who load and unload the materials. Small and medium-sized businesses are especially keen on these machines because they can save on costs and boost their production. They also work well with robots, conveyor belts, and other automated systems, so people don't have to do as much loading and unloading. If you're a business that wants to make smaller batches of high-quality products, these machines are a great option because they combine the benefits of automation with the flexibility of human input.
Hey there! The food and drink industry is going crazy for automated machines. Why? Well, people are buying more of these products because they're more into healthy drinks, have more money to spend, and follow Western lifestyles. Plus, the way we shop for groceries is changing. These machines are like magic for food and drink companies. They can make sports drink lids, syrup pumps, and even plastic bottles super fast. Not only that, but they can also help put things together. For example, a machine from RNA Automation Limited can assemble bottle caps perfectly. The best part is that these machines can work together on production lines. So, you can have one machine quickly grab a bottle, another fill it up, a third put on the lid, a fourth cap it off, and a fifth send it on its merry way. That means companies can churn out more products without working harder, which makes them happy and helps keep prices down for us!
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Hey there! Good news for countries like Brazil, Mexico, and Argentina. Governments are stepping up their game to boost the economy, and that's making companies there hungry for ways to automate their stuff. Why? Because they're short on well-trained workers. A big honcho like the World Bank says a whopping 31.6% of companies have workers who could use some more training. That's forcing industries to shell out for fancy new tech, like Industry 4.0. And that's where the money-making machine comes into play. Governments and companies are giving the manufacturing world a big thumbs up, so there's a huge demand for machines that can put stuff together like nobody's business. For example, bigwigs in Brazil's National Confederation of Industry are saying they're ready to spend big on automation for making stuff. That, plus the need to make things better and faster, is fueling the Latin American market for assembly machines. Oh, and by the way, industries like food, drinks, medicine, and drugs are huge users of machines in Latin America. A lot of them are bringing in their machines from countries like the U.S., Germany, and Italy.
Assembly Machine Market Share
The industry is diversified in nature, with major players differing based on the product offering. Some key players in the assembly machine market are
- A UNO TEC S.R.L.
- Bystronic Maschinen AG
- EMAG GmbH & Co. KG
- Extol, Inc.
- FANUC Corporation
- Gefit Group
- Haumiller
- Hindustan Automation
- Humard Automation SA
- Intec Automation, Inc.
- Isthmus Engineering
- Kawasaki Heavy Industries, Ltd.
- Mondragon Assembly
- Norwalt Design Inc.
- RNA Automation Limited
among several regional & international players. Manufacturers are increasing investments for automation to differentiate their product offerings and gain a competitive advantage. Companies are expanding their business operations in various parts of the country to increase the customer base and expand their market presence. In February 2018, Haumiller Engineering announced the opening of its new corporate and engineering facility in South Elgin, Illinois, and the U.S. The new facility will allow the company to expand its manufacturing and production capacity of assembly machines.
Industry Background
Makers in this field are using fancy new tech to set their stuff apart. The big guns are making machines that businesses really want. They're also tailoring these machines to specific customer needs. Take Norwalt Design. They're offering personalized machines that can put together multiple parts and have extras like welding, checking for leaks, fancy cameras, filling, and sealing it all up. TQC Ltd. is also in the mix, with machines that work with plastic parts and can put in inserts automatically, making it easier to check if they're up to snuff. Newcomers might have a tough time crashing the party because it takes a lot of money to get started and make all these new machines. The big guys are already here, so new companies have to bring their A-game with products that are super reliable and efficient. It's a tough crowd to break into.
