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Assembly Machine Market Outlook 2025: Top Key Players are EMAG L.L.C., Extol, Inc., FIAM, Haumiller Engineering, Kawasaki Heavy Industries, Ltd., Mondragon Assembly, STAUFF, TRUMPF

04-03-2020 12:23 PM CET | IT, New Media & Software

Press release from: DecResearch.com

/ PR Agency: Assembly Machine Market
Assembly Machine Market

Assembly Machine Market

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.

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.

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o EMAG L.L.C.
o Extol, Inc.
o FIAM
o Haumiller Engineering
o Kawasaki Heavy Industries, Ltd.
o Mondragon Assembly
o STAUFF
o TRUMPF

Enhanced productivity and the ability to facilitate manufacturers an optimal supply chain has propelled assembly machine market 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. Government initiatives designed to improve a nation's economic status will substantial drive assembly machine industry forecast, for instance in India which has initiated 'Make in India', an effort to help expand manufacturing businesses in the country. The Indian government is pushing for the share of manufacturing segment to increase up to 25% of GDP by the year 2025 from the 16% in 2018.

Fully automatic assembly machines will gain favorable traction and influence the business outlook due to use of smart technologies with the combination of cyber-physical systems that help factories become much more productive and energy-efficient. Automated assembly machines eliminate concerns for manual handling entirely and increases output in less time, fostering assembly machine market share globally.

Increasing focus on designing high quality products to ensure patient safety is driving the business growth from the healthcare sector. Automated assembly equipment help produce medical devices and equipment that can drill, bend, polish needles, barb and form structures, and assemble catheters and syringes.

Designing these tools by hand is time-consuming and slows down overall workflow. These machines significantly reduce manpower, improve accuracy and reliability while increasing production speed.

In the healthcare industry, disposable devices form a crucial part of medical, dental as well as veterinary practices. Use of disposable tools enhances efficiency and minimizes the risk of infections. Sales of medical disposables in the U.S. surpassed USD 50 billion in 2018.

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Medical devices such as inhalers, syringes, catheters and other disposables require accurate and precise manufacturing, fueling assembly machine market. Strict norms in healthcare and pharmaceutical industries require manufacturers to ensure safety and efficacy of regulated medical devices.

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