About Assembly Machine
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.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 5.5% |
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. Analyst at AMA Research estimates that United States and European Manufacturers will contribute the maximum growth to Global Assembly Machine market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Dixon Automatic Tool Inc. (United States) and Yuyao Zhiheng Automation Equipment Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Assembly Machine market by Type (Manual, Semi-Automatic and Fully Automatic), Application (Automotive, Cosmetics, Electronics, Food & Beverage, Healthcare and Other) and Region.
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.
Influencing Trend:
Demand for Custom Assembly Machines
Market Growth Drivers:
Ongoing Technological Advancements in the Machinery, Presence of Safety And Compliance Standards for Worker Safety and Growing Demand for Personal Care Products Globally
Challenges:
Need for High Capital Investment for Setting Up Plants in Developing Markets
Restraints:
Fluctuating Raw Material Prices and High Cost of Assembly Machine
Opportunities:
Rising Demand to Improve the Product Quality by Eliminating Errors and Reducing Variability and Growing Demand for Fully Automatic Assembly Machine
Market Leaders and their expansionary development strategies
In April 2022 , Assembly, global ecommerce software platform powering market-leading products including Helium 10, Pacvue and Refersion, has acquired of PipeCandy, the leading vertical DaaS company and market intelligence platform that tracks insights on 5.4 million online retailers.
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 August, 2023 Zara Zaman Technology Ltd (ZZTL), a Bangladeshi tech company, has launched the country's first-ever Automated Teller Machines (ATM), and Cash Recycler Machine (CRM) assembly plant
Key Target Audience
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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.