Selbyville, Delaware, Aug. 15, 2019 (GLOBE NEWSWIRE) --
The assembly machine market revenue by 2025 will go past $9 billion-mark driven by rise in demand for automated manufacturing processes to improve quality by eliminating errors and reducing variability, according to a 2019 Global Market Insights, Inc. report. These machines substitute human labors for carrying out hazardous and repetitive tasks performed in the manufacturing process. The rising trend of smart factory and Industry 4.0 is encouraging manufacturers to invest in new production tools & technologies.
Manufacturers across industries such as automotive, pharmaceutical, electronics, and cosmetics are implementing automated machinery to increase their sales and production of goods. Automated assembly enhances optimization and reliability, providing flexibility and rapid process monitoring. Machines simplify the task of sorting, filling, sealing, and labeling, allowing the company to increase its productivity.
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Increasing focus on product quality and patient safety from the healthcare sector will drive the assembly machine market share. Manufacturers are implementing these technologies to comply with international hygiene standards and improve the production processes. In the industry, disposable devices are the essential components of all medical, dental, and veterinary practices. The use of disposables increases efficiency, lowers costs, and reduces the spread of infections.
In 2018, the U.S. witnessed sales of medical disposables worth USD 50 billion. Moreover, medical devices such as catheters, syringes, inhalers, disposables, and other medical devices, require precise and accurate assembly to operate effectively. The machines help in processing, assembling, testing, inspecting, and packaging these devices without errors. The presence of stringent standards in pharmaceutical and healthcare sectors requires manufacturers to ensure the safety & efficiency of regulated medical devices.
Browse key industry insights spread across 150 pages with 103 market data tables & 27 figures & charts from the report, “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” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/assembly-machine-market
In 2018, Asia Pacific assembly machine market accounted for 40% of the global industry share. The manufacturing sector in countries including China and India is driven by low labor & manufacturing costs, technically skilled workforce, and good infrastructure, encouraging investments from manufacturers. The growth in digitization across the region enables manufacturers to expand and scale their businesses while reducing costs.
Major companies participating in the assembly machine market include RNA Automation Limited, Norwalt Design Inc., Mondragon Assembly, Kawasaki Heavy Industries, Ltd., Isthmus Engineering, Intec Automation, Inc., Humard Automation SA, Hindustan Automation, Haumiller, Gefit Group, FANUC Corporation, Extol, Inc., EMAG GmbH & Co. KG, Bystronic Maschinen AG, and A UNO TEC S.R.L.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.