Industrial Dispensing Systems and Equipment Market to Exhibit 7.0% CAGR 2015-2021 as Emerging Regions Race toward Industrialization

Transparency Market Research, a global market intelligence firm, has recently announced the publication of a new market research report made available on its website. The research report, titled “Industrial Dispensing System and Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” provides a comprehensive analysis, emphasizing on the market’s overview, product portfolio, market drivers and barriers, major geographical segments, current trends, and competitive scenario.According to the research study, in 2014, the global industrial dispensing system and equipment market was valued at US$12.85 bn and is projected to reach a value of US$20.57 bn by the end of 2021. The market is estimated to register a healthy 7.0% CAGR between 2015 and 2021.

Industrial dispensing systems and equipment play a vital role in the everyday operations in a manufacturing facility. The increasing applications of industrial dispensing in varied industries have augmented the growth of the market. Moreover, the increasing industrialization in emerging countries is expected to fuel the growth of the market in the forecast period. The market size and share coupled with forecast statistics have been included in the scope of the research study.

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On the basis of end use, the global market for industrial dispensing system and equipment has been classified into personal care products, pharmaceuticals, automotive, food and beverage, and others.

In 2014, the pharmaceuticals segment led the market, holding a 30% share in the global market for industrial dispensing system and equipment. Furthermore, on the basis of application, the market has been classified into liquid materials dispensers, glues and sealants dispensing system, powder product dispensers, and others.

Furthermore, the research study divides the global market for industrial dispensing system and equipment into Asia Pacific, North America, Europe, and the Rest of the World. In 2014, North America led the overall market and is expected to remain in its leading position throughout the forecast period. The technological advancements introduced in conventional industrial dispensing systems and equipment have fueled the growth of the North America market. In addition, an increasing affinity for novel technologies and the rising consumer awareness regarding these systems are further expected to augment the growth of the market in the next few years. In North America, the U.S. market for industrial dispensing system and equipment is considered as one of the most lucrative markets across the globe.

On the other hand, in 2014, Asia Pacific and Europe collectively accounted for a 50% share in the global market, each trailing the North America market closely. The rapid industrialization and technological advancements in the emerging economies of Asia Pacific are expected to drive the Asia Pacific industrial dispensing system and equipment market.

The research report further covers the competitive scenario of the global market for industrial dispensing system and equipment, including a company overview of each major player, its inception details, contact information, financial overview, SWOT analysis, business policies, and recent developments. Some of the major players operating in the global market are Franklin Fueling System, IMI Cornelius Inc., GPD Global Inc., Techcon System Inc., Dymax Corporation, Wayne Fueling Systems, Graco Inc., Fisnar Inc., and Nordson Corporation.

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This release was published on openPR.