The global industrial dispenser market is projected to reach
close to US$ 14 Bn by 2031-end, expanding at a CAGR of 5% over the next ten
years. Higher rate of adoption of Industry 4.0 and integration of automation in
various industries are contributing toward market growth. Newer sensor
technologies in industrial dispensers will provide the necessary boost to the
market.
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Demand for industrial dispensers witnessed a slight dip in
2020 due the economic crisis caused by the COVID 19 pandemic, mainly from
manufacturing plants. However, sales of industrial dispensers to pharmaceutical
industries saw a potential increase. Higher sanitization precautions being
undertaken in various end-use industries increased the sales of industrial
dispensers toward the last quarter of 2020.
Key Takeaways from
Market Study
·
Some of the major and domestic global market
have been investing heavily in product R&D to offer improved throughput and
lower cycle time at lower costs.
·
Advancements of technology in the field of image
recognition in dispensing accuracy in various processes within various end use
industries are expected to create significant demand for industrial dispensers.
·
Leading players are focusing on development of
technologically advanced dispensing solutions with implementation smart
automation and IoT. These activities are expected to create high growth virtues
for the market.
·
Higher number of custom-built projects for
various complex processes in several end-use industries has led to product
development. Manufacturers are focusing on obtaining new supply contracts for
expanding their client base as well as building existing customer relations.
·
East Asia and Europe are expected to have
leading market shares in the global market owing to the presence of large
industrial bases in the developed countries in these regions. However, the
market in South Asia and Pacific is expected to witness the highest growth rate
on the back of developing economies, owing to increasing automation across
various industries, growing use of dispensers in the pharmaceutical industry,
and rising demand for packaged food.
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“Increasing
prominence of smart and connected industrial dispensers and product development
achieved by various complex custom projects are key factors driving demand.
Manufacturers are focusing on research & development by integrating better
embedded technology to improve efficiency and accuracy,” says a Persistence
Market Research analyst.
Competitive Landscape
The market is observed to be fragmented with a high influx
of tier-2 and tier-3 vendors operating in respective regional markets, and with
tier-1 players accounting for nearly one-third of the market share. Tier-1
players are likely to invest in new technology developments for product
improvement in order to maintain their market shares. Some of the key players
in this industry are Nordson Corporation, Eisenmann intec GmbH & Co. KG, Henkel
AG & Co KGaA, Atlas Copco AB, Graco Inc., and Hitachi High-Technologies
Corporation.
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Find More Valuable
Insights
The research report analyzes demand for industrial
dispensers. The market has been analyzed with the COVID-19 impact, various
macroeconomic factors, market trends & market background. As per
Persistence Market Research’s research scope, the market has been analyzed on
the basis of operation, type, end use, and region. The report provides
qualitative and quantitative information on various players in this market.
This report also tracks the market by both, supply-side and demand-side.
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