The healthcare industry is a major driving force for the assembly machine market. Regional governments have been enforcing stringent rules for maintaining the product quality as it directly affects the patient safety. Therefore, the manufacturers are increasingly implementing new technologies to comply with international hygiene standards while producing the medical devices such as inhalers, catheters, syringes and other disposables.
The U.S medical disposables sales was worth USD 50 billion in 2018. Furthermore, the growing deployment of the assembly machines across the healthcare sector to maintain product quality and hygiene will augment the assembly machine market share.
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Enhanced productivity and the ability to facilitate manufacturers an optimal supply chain has propelled assembly machine market size significantly. Both manual and automated assembly lines improve productivity, efficiency and quality of manufacturing while reducing labor costs and cycle time. Major application segments like packaging, aerospace, pharmaceutical, military/defense and electronics have proliferated through the deployment of suitable machines on production lines, stimulating technological development.
Manufacturers across the globe are focusing toward reducing the overall operation cost and increase in profitability pertaining to the rising competitions across many industries. The fully automatic assembly machines streamline the entire production process allowing unattended mass production without any manufacturing defects.
Apart from improving the production efficiency, these machines also reduce the energy consumption due to low heating requirements. Thereby, they are increasingly getting adopted across the pharmaceuticals and medical device assembly, which will positively influence assembly machine market size.
Asia pacific region accounted for nearly 40% of global assembly machine market share in 2018, with countries like India and China reportedly looking to achieve lower manufacturing costs along with less technically skilled labor. Rapid digitization in the region has helped manufacturers expand and scale businesses economically.
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Several countries have initiated Industry 4.0 projects for the improvement of manufacturing sectors, including Thailand, Malaysia and Indonesia, each having their own economic agendas.
Companies like Norwalt Design Inc., Hindustan Automation, FANUC Corporation, Kawasaki Heavy Industries Ltd, Humard Automation SA, Haumiller, Extol, Intec Automation and Bystronic Maschinen AG are some of the prominent equipment manufacturers comprising the competitive hierarchy of global assembly machine market.
Major Key Points from Table of Content:
Chapter 4. Assembly Machine Industry, By Type
4.1. Key trends by type
4.2.1. Market estimates and forecast, 2015 – 2025
4.3.1. Market estimates and forecast, 2015 – 2025
4.4. Fully automatic
4.4.1. Market estimates and forecast, 2015 – 2025
Chapter 5. Assembly Machine Market, By Application
5.1. Key trends by application
5.2.1. Market estimates and forecast, 2015 – 2025
5.3.1. Market estimates and forecast, 2015 – 2025
5.4.1. Market estimates and forecast, 2015 – 2025
5.5. Food & beverage
5.5.1. Market estimates and forecast, 2015 – 2025
5.6.1. Market estimates and forecast, 2015 – 2025
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