Asia Pacific assembly machine market held 40% industry share in 2018. The Asia Pacific will emerge as the leading region for the global assembly machines industry share, owing to the presence of two giant manufacturing hubs, namely India and China. Some of the favoring factors like skilled workforce, good infrastructure facilities and low labor cost will encourage new investments from the manufacturers. Moreover, incorporation of digitalization across the region will enable the manufacturers to scale their businesses which will accelerate the demand for assembly machines.
The U.S medical disposables sales was worth USD 50 billion in 2018. Furthermore, the growing deployment of the assembly machines across the healthcare sector to maintain product quality and hygiene will augment the assembly machine market share.
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The assembly machine market is poised to grow at an exponential rate due to growing demand for automated manufacturing processes in order to improve the process efficiency. Industries including automotive, electronics, pharmaceuticals and cosmetics have been deploying automated machinery to enhance the production rates owing to the increasing sales volume of the products.
The healthcare industry is a major driving force for the assembly machine market. Regional governments have been enforcing stringent rules for maintaining the product quality as it directly affects the patient safety. Therefore, the manufacturers are increasingly implementing new technologies to comply with international hygiene standards while producing the medical devices such as inhalers, catheters, syringes and other disposables.
Manufacturers across the globe are focusing toward reducing the overall operation cost and increase in profitability pertaining to the rising competitions across many industries. The fully automatic assembly machines streamline the entire production process allowing unattended mass production without any manufacturing defects.
Apart from improving the production efficiency, these machines also reduce the energy consumption due to low heating requirements. Thereby, they are increasingly getting adopted across the pharmaceuticals and medical device assembly, which will positively influence assembly machine market size.
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These machines are deployed for other tasks like filling, sorting, sealing, labelling, and packaging that allows sharp increase in productivity. Moreover, the rising trends of smart factory and industry 4.0 will further promote incorporation of new automated production tools and technologies, hence augmenting the assembly machine market outlook.
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