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Assembly Machine Market Size

Report ID: GMI4287
Published Date: Aug 2019
Report Format: PDF

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Assembly Machine Market Size

Assembly Machine Market size valued at over USD 6.5 billion in 2018 and will grow at a CAGR of more than 5% from 2019 to 2025.

U.S. assembly machine market, by application, 2018 & 2025 (USD Million)

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Ongoing technological advancements in industries, such as automotive, healthcare, and electronics, are compelling manufacturers to automate solutions and increase productivity in production lines, driving the assembly machine market growth. The equipment is being widely used in assembling small & intricate components that require precision and care throughout the manufacturing process. The rising demand to improve the product quality by eliminating errors and reducing variability in several industrial applications will drive the industry growth over the coming years. Semi-automatic & fully automatic machines are enabling businesses to handle multiple tasks to meet specific requirements. The adoption of automated assembly systems will provide a safer work environment to workers and reduce the occurrence of failures.

Assembly Machine Market Report Attributes
Report Attribute	Details
Base Year:	2018
Assembly Machine Market Size in 2018:	6.5 Billion (USD)
Forecast Period:	2019 to 2025
Forecast Period 2019 to 2025 CAGR:	5%
2025 Value Projection:	9 Billion (USD)
Historical Data for:	2014 to 2018
No. of Pages:	150
Tables, Charts & Figures:	130
Segments covered:	Type, Application and Region
Growth Drivers:	Ongoing technological advancements in the machinery Presence of safety and compliance standards for worker safety Growing demand for personal care products globally Rising labor costs in North America and Europe Growing demand for the machinery from pharmaceutical industry in the U.S., Europe and Asia Pacific Demand for manufacturing of high-quality and miniaturized electronic devices in Asia Pacific Increased packaged food & beverage consumption in Latin America and MEA
Pitfalls & Challenges:	Fluctuating raw material prices Need for high capital investment for setting up plants in developing markets

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The growing adoption of assembly units to develop medical devices, such as syringes, catheters, inhalers, and disposables, will drive the market demand. The pharmaceutical industry is using plastics over metal, aluminum, and bronze to maximize equipment efficiency. Plastics offer a wide range of properties such as low friction, lightweight, self-lubricating, chemical & corrosion resistance, better wear properties, noise abatement, and high strength, reducing the downtime and increasing the production efficiency. Pharmaceutical industries are implementing automated machinery to process, assemble, test, inspect, and package these parts. Several manufacturers are integrating advanced technology into machinery to offer reliable, precise, and durable operations. For instance, Orientech Automation integrated FANUC robots and products for high-speed assembly of syringes, vials or test tubes for pharmaceutical and medical sectors.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size of assembly machine was valued at over USD 6.5 billion in 2018.

The industry share of assembly machine will grow at a CAGR of more than 5% from 2019 to 2025.

Ongoing technological developments in automotive, electronics and healthcare sectors and growing need for automation to boost productivity is fueling assembly machine deployment.

The growing need to enhance product quality by reducing errors and variability in industrial operations is accelerating the adoption of assembly machines.

SMEs having less production and high-quality manufacturing are increasingly deploying semi-automatic assembly machines to cut operation costs and enhance productivity in manufacturing processes.

Latin America assembly machine industry will grow on account of favorable government initiatives to improve industrial and economic conditions in countries including Brazil, Argentina, and Mexico.