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According to the new market research report "Dispensing Systems Market by Technology Type (Robotic Dispensing, Semi-Robotic Dispensing, and Manual Dispensing), Application (Automotive, Electronics, Chemicals), and Geography - Global Forecast to 2020", published by MarketsandMarkets™, the dispensing systems market is estimated to be USD 31.5 Billion in 2015 and is expected to reach USD 40.5 Billion by 2020, at a CAGR of 5.1% from 2015 to 2020.
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The global dispensing systems market, in terms of value, is projected to reach USD 40.5 Billion by 2020 from USD 31.5 Billion in 2015, at a CAGR of 5.1% from 2015 to 2020.
The use of dispensing systems is increasing at a rapid pace across various applications. The continuous evolution in manufacturing techniques of dispensing systems has changed the current applications scenario as compared to the past years.
The market is poised to witness rapid growth due to preference for high-quality, reliable, and repeatable solution in the manufacturing process which meets the changing needs of operations in manufacturing industries and evolving end user industry product lines.
Dispensing systems can perform the exact operation as per the end user requirement. They are developed to provide high precision, accuracy, and better quality with less manufacturing time.
With the use of these systems, manufacturers can save cost and time, ensure high quality of products, reduce downtime, increase production efficiency, enhance safety, and ensure standardization in the overall manufacturing process.
The electronics application segment contributed a share of 22.0% to the global dispensing systems market in 2014, and is projected to grow at a CAGR of 5.7%. The automotive application segment was the second-largest segment in 2014 with a market share of 20.0%, and is expected to grow at a CAGR of 5.0%.
Healthcare & pharmaceuticals create opportunities for dispensing systems and the segment is expected to grow at a CAGR of 5.1%. The chemicals, industry & manufacturing, food & beverages, construction, and other such applications contributed to the remaining shares of the global dispensing systems market.
Browse and in-depth TOC on "Dispensing Systems Market"
39 - Tables
87 - Figures
272 - Pages
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In terms of technology types, the market is classified into robotic dispensing systems, semi-robotic dispensing systems, and manual dispensing systems. The robotic dispensing systems is the largest technology type, followed by semi-robotic dispensing systems and manual dispensing systems.
The robotic dispensing systems contributed a share of 44.8% to global dispensing systems market in 2014 and is projected to grow at a CAGR of 5.6%. The semi-robotic dispensing systems contributed a share of 32.6% and is expected to grow at a CAGR of 5.4%.
The global dispensing systems market is further segmented on basis of geography into Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), North America (U.S., Canada, and Mexico), Europe (Germany, Italy, Sweden, and rest of Europe), and Rest of the World (RoW). The Asia-Pacific region accounted for a share of 62.1% of the global dispensing systems market in 2014 and is projected to grow at a CAGR of 5.3% from 2015 to 2020.
New product launches and acquisitions are key growth strategies adopted by the key players in this market. Manufacturing companies and end-product manufacturers infuse high investments for future advancements and technology modifications to match the ever-growing demands from various end-user industries.
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