Global Industrial Assembly Equipment Market to Grow Significantly During 2021-2026
October 25, 2021
According to a recent study titled ‘Global Industrial Assembly Equipment Market (2021 Edition) - Analysis by Type (Fastening Equipment, Assembly Equipment), End User, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2021-2026)’ available with MarketStudyReport, global industrial assembly equipment market valued at USD 136.25 billion in 2020 is expected to garner notable returns by the year 2026.
Increasing global production of automobile as well as consumer electronics, along with increasing incorporation of industrial equipment for fastening and assembly operations are the major stimulants driving the global industrial assembly equipment market growth.
Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4226460/Furthermore, rising demand for energy across the world, along with increasing numbers of SMEs in various countries are complementing the market growth. Growing demand for automated manufacturing processes to increase quality by eliminating errors and reducing variability is also facilitating the industry outlook.
Based on type, the market is split into fastening equipment, and assembly equipment. Among these, assembly equipment is anticipated hold a modest share in global industrial assembly equipment market over the forecast period, owing to the vital role played by the assembly robots during the manufacturing and assembling process, along with intensifying government regulations in several parts of the world.
On the basis of end-users, the marketplace is segmented into automotive, consumer electronics, food & beverages, and others. Out of which, automotive sector is predicted to hold a significant industry share over the forecast period. Meanwhile, rising demand in the consumer electronic sector is expected to generate revenues for the industry.
Coming to the regional landscape, the industry spans across America (US, Canada, Mexico, Brazil), Europe (Germany, France, Italy), Asia Pacific (China, Japan, Italy), and Middle East and Africa. As per the report, Asia Pacific industry is expected to garner massive revenues by the year 2026. This growth is driven by rising urban population, increasing manufacturing activities in different countries, improved disposable income, along with inclination for automated manufacturing and assembly processes.
The key players in global industrial assembly equipment market are Rockwell Automation Inc., Atlas Copco, A Raymond Fasteners India Pvt. Ltd., Hitachi High-Technologies Corporation, RNA Automation, Flexicon Corporation, AeroGo Inc., Kinematic Automation, Indufit Machine, and Keller Technology Corporation.