Global Assembly Machine Market Overview:
Assembly Machine is an industrial equipment that is used in assembling a wide range of products in various designs and models. These machines are used to build larger to smaller units of products such as computer chips, cars, and electronic as well as industrial equipment. These machines are controlled through a specialized computer program that provides the instructions to machines in the production process. The rapidly increasing industrial automation has increased market demand. Some of the key players profiled in the study are EMAG GmbH & Co. KG (Germany), Bystronic Maschinen AG (Switzerland), Gefit Group (Italy), Extol, Inc. (United States), A UNO TEC S.R.L. (Italy), FANUC Corporation (Japan), RNA Automation Limited (United Kingdom), Humard Automation SA (Switzerland), Intec Automation, Inc. (United States), Isthmus Engineering & Manufacturing Coop (United States), Kawasaki Heavy Industries, Ltd. (Japan), Haumiller Engineering Co (United States), Hindustan Automation (India), Mondragon Assembly S.Coop. (Spain) and Norwalt Design Inc. (United States). According to Market Analyst at AMA, the Global Assembly Machine market may see a growth rate of 5.5%
On the basis of geography, the market of Assembly Machine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Methods, the sub-segment i.e. Permanent Joint will boost the Assembly Machine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Ongoing Technological Advancements in the Machinery
- Presence of Safety And Compliance Standards for Worker Safety
- Growing Demand for Personal Care Products Globally
- Demand for Custom Assembly Machines
- Fluctuating Raw Material Prices
- High Cost of Assembly Machine
- Rising Demand to Improve the Product Quality by Eliminating Errors and Reducing Variability
- Growing Demand for Fully Automatic Assembly Machine
- Need for High Capital Investment for Setting Up Plants in Developing Markets
Major Market Developments:
In April 2019, Mondragon Assembly announced that it will invest Euro 3.5 million to build a new plant in China. This plant will focus to provide the demand for both the automation and solar sectors. and In February 2018, Haumiller Engineering opened a new corporate and engineering facility in the United States. This facility will enable the company to expand its manufacturing and production capacity of assembly machines.
In Assembly Machine Market, it has been observed that most of the companies are upgrading or introducing innovative products. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
New Entrants/Investors, Analysts and Strategic Business Planners, Assembly Machine Providers, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Major Objectives Focused through this Study
To define, describe, and forecast the Global Assembly Machine market on the basis of product [Manual, Semi-Automatic and Fully Automatic] , application [Automotive, Cosmetics, Electronics, Food & Beverage, Healthcare and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Assembly Machine market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Assembly Machine industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Dixon Automatic Tool Inc. (United States) and Yuyao Zhiheng Automation Equipment Co., Ltd. (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Assembly Machine market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.