Market Excerpt
"Increasing market competition and rising need to reduce operations cost increasing the demand for assembly line solutions"
Assembly line has become a key component of manufacturing process. Manufacturers across different industries facing challenges from rising market competition. Manufacturers across the globe are looking forward to reduce their operating cost and increase profitability is competitive environments. Use of assembly line solutions streamline product process and allows mass production for manufacturers while reducing manufacturing errors. It also helps manufacturers to ease out maintenance after product manufactured in assembly line. All these benefits are motivating manufacturers to invest in assembly line systems for lean manufacturing and to maintain their sustainability in competitive environments. Increasing industrialization in emerging market also expected to fuel the demand for assembly line solutions in the near future.
Assembly line systems are designed for maximum possible production at up front which creates scalability issue for manufacturers. In addition, modifications in existing system are very complex task and expensive, and takes several weeks or months to complete. All these challenges limiting its application in small and medium size organizations.
The global market for assembly line solutions market is expected to witness considerable growth of 6.8% throughout the forecast period from 2021 to 2029.
"Asia Pacific is the most attractive market with rising industrialization in India, China and Southeast Asia market"
Asia Pacific is the growth pole in the global market and industrialization in major countries such as India, China and Southeast Asian countries growing at significant pace. Global manufacturers are looking forward to expand their operations in Asia Pacific market through mergers, acquisitions and partnerships. India is evolving as one of the major consumer for automobiles. Rising demand for passenger and commercial vehicles in India motivating manufacturers to invest in this potential market. In 2020, India observed a highest growth in top 10 passenger car producing countries. India has produced around 3,905 thousand units of passenger cars in 2020, production increased by 7% compared to 2019 from 3,886 thousand units. Moreover, multinational automakers are looking forward to strengthen their footprints in growing automobile market in India. Volkswagen AG (Germany) and Tata Motors (India) are looking forward for tie-up to bring affordable cars for price sensitive South Asian market. China is one of the leading automotive manufacturers in the world. China produced around 29 million motor vehicles in 2020. Manufacturers in China are looking forward to develop vehicles of international standards and speeding up their international expansions. In order to achieve their goals, Chinese manufacturers are investing in technologies to gear up their production. In addition, Southeast Asian countries are emerging as a potential manufacturing base with industrial revolution and low production cost. All these factors are expected to increase the demand for advance production technologies in the region which will drive the demand for assembly line solutions in the region.
"Automotive industry is the largest end-use segment and semiconductor and electronics industry expected to witness the fastest growth"
In 2020, automotive industry accounted for the more than half of the market shares in the overall assembly line solutions market. Industry is expected to witness steady demand for assembly line solutions with increasing production of vehicles and increasing investment in advanced technologies. Rising complications in electronics devices and increasing demand for advance electronics. This is swiftly increasing installations of assembly line solutions.
"The global assembly line solutions industry is highly competitive with large number of vendors and continuous advancement assembly line technology"
The global assembly line solutions industry comprises large number of multinational recognized players and characterized highly fragmented in the nature. Continuous advancement in assembly line technologies and demand for customized solutions also increasing stiff competition in the global industry. Manufacturers are focusing on providing customized needs of customers to maintain sustainability in the competitive environment. In addition, assembly line manufacturers focusing on to improve capabilities of their solutions. In March 2019, Align Production Systems introduced new electric three wheeled transporter. This transporter improves efficiency of assembly lines at production plant. Some major players in the global assembly line industry include Some major competitors profiled in this study include ALIGN PRODUCTION SYSTEMS, LLC; ACRO Automation Systems, Inc., Adescor Inc., Central Machines, Inc., Eriez Manufacturing Co., Fusion Systems Group, Gemtec GmbH, Hochrainer GmbH, SITEC Industrietechnologie GmbH, UMD Automated Systems and others.
"Why it is recommended to invest in our assembly line market research study?"
This research report on assembly line market provides comprehensive analysis of market trends and dynamics. This study also includes in-depth analysis of different types of assembly lines and their demand in different end-use industries. This study identifies major market driving and restraining factors affecting the growth of global assembly line market. The research report on assembly line solutions also provides quantitative as well as qualitative analysis of segments and sub-segments covered in the scope of the study. This research report also highlights key attractive segments in the global assembly line market. This research study also provides high level industry analysis which include key players’ market positioning, value chain analysis and attractive investment preposition. The study also includes profile of key vendors in assembly line industry.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Assembly Line Solutions market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Mode of Operation
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End-user
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
