Request FREE sample PDF
Pharmacy benefit management market
Part Feeders Market Report Overview
The global part feeders market size was USD 177.2 million in 2020 and is expected to reach USD 286.8 million by 2031, exhibiting a CAGR of 4.5% during the forecast period.
During an assembly or manufacturing process, parts or components are supplied and positioned using automated systems known as part feeders. They are often used in industries including automotive, electronics, food & beverage, pharmaceuticals, and packaging where products need to be precisely positioned and transported to a specific location for further processing. Part feeders use a range of techniques, such as vibration, gravity, mechanical, or pneumatic feeding, to move and position components precisely. They may be standalone systems or combined with other devices like robots, conveyors, or assembly lines to provide high degrees of automation and efficiency in the production process.
The demand for automation, growing attention on animal health and nutrition, technical improvements, and higher livestock production are all contributing to the rapid growth of the global feeding systems market. The importance of feeding systems in terms of efficiency and sustainability will increase as the agriculture and livestock sectors develop.
COVID-19 Impact: Due to lockdown restrictions intended to limit market growth, end-user sectors are closing
The COVID-19 pandemic has been unprecedented and staggering, with the Part Feeders market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The market saw a halt as a result of lockdown measures following the abrupt onset of the coronavirus epidemic. Production units are stopped or closed down to impede market expansion. Lack of raw materials and disruptions in the supply chain will slow market expansion. The disease has spread to nearly 100 nations since the COVID-19 viral outbreak in December 2019, and the World Health Organization has declared it a public health emergency. The Vibratory Bowl Feeder 4900 market will be considerably impacted by the global effects of the coronavirus illness 2019 (COVID-19) in 2020.
The three primary ways that COVID-19 can have an impact on the world economy are by directly altering supply and demand, by disrupting the market and supply chain, and by having an economic impact on businesses and financial markets. Flight cancellations, travel bans, and quarantines, restaurant closures, restrictions on all indoor events, the declaration of states of emergency in over 40 countries, a significant slowdown in the supply chain, stock market volatility, a decline in business confidence, rising public anxiety, and uncertainty about the future are just a few of the effects of the COVID-19 outbreak.
Latest Trends
"Research and development advancements leading market expansion"
In the projected period of 2022 to 2029, the market players will have additional profitable chances due to the different product developments they have made. The market for friction feeders will continue to increase in the future due to ongoing research and development efforts.
Part Feeders Market Segmentation
- By Type Analysis
According to type, the market can be segmented into vibratory bowl feeder, flexible parts feeder, centrifugal parts feeder, others. Vibratory bowl feeder is anticipated to be the leading segment.
- By Application Analysis
Based on application, the market can be divided into consumer electronics and semiconductors, consumer goods, general manufacturing, automotive, medical, others. Consumer electronics and semiconductors will be the dominating segment.
Driving Factors
"Demand for the Feeders Is Growing"
The main driver of market expansion over the forecast period is the rising need for machines with increased dependability and efficiency, along with the incorporation of renewable energy sources. The rising urbanization and rise in disposable income will further accelerate the market growth rate for friction feeders. Other factors influencing market growth include the packaging industry's growing modernization, development, and growth.
"Increased demand for machines and a critical need to cut back on manual labor will drive market expansion"
It is predicted that rising consumer demand for machines and a pressing need to eliminate manual labor will propel market expansion. The machine is constructed and tooled for either a complex or straightforward feed, orientation, location, and selection. On industrial production lines, it is a typical tool used to feed individual component pieces for assembly. The device is utilized in the workplace for the automatic feeding of parts. A constant flow of information is beneficial. The market is expected to develop as a result of quick industrialization and the strong demand for equipment among end users, including those in the pharmaceutical, automotive, electrical, cosmetic, and other industries.
Restraining Factors
"High Power Consumption and Higher Cost of Machine to Limit Market Growth"
It is predicted that in the approaching years, high machine costs and excessive power consumption will restrain market expansion. We believe that a difficult procedure and high installation costs will restrain market expansion.
Part Feeders Market Regional Insights
"Over the anticipated period, Europe is anticipated to account for the greatest portion of the worldwide feeding systems market"
During the projected period, Europe is anticipated to account for the highest share of the worldwide feeding systems market. European nations have strict laws governing animal care, which encourages the use of cutting-edge feeding systems that guarantee exact feed distribution, nutritional optimization, and environmental sustainability. During the projected period, the feeding systems market in the world is anticipated to develop at the quickest rate in Asia Pacific. Rising meat consumption, urbanization, and a move towards intensive livestock farming practices are driving the demand for feeding systems in this region. With an increasing focus on automation, digitization, and smart farming technologies, the Asia Pacific market is characterized by a mix of small and large-scale farming operations.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Afag Automation (China)
- Weber Schraubautomaten GmbH (Germany)
- RNA Automation (Germany)
- ATS Automation (Canada)
- Vibromatic
- NTN (Japan)
- DEPRAG (Germany)
- Hoosier Feeder Company (U.S.)
- TAD (U.S.)
- Automation Devices,Inc (U.S.)
- Fortville Feeders,In (U.S.)
- Moorfeed Corp (U.S.)
- ORIENTECH (China)
- FlexiBowl (Italy)
- AGR Automation Ltd (U.K.)
- Revo Integration (Malaysia)
- DB-Automation (U.S.)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 177.2 Million in 2020 |
Market Size Value By |
US$ 286.8 Million by 2031 |
Growth Rate |
CAGR of 4.5% from 2020 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
-
What value is the Part Feeders market expected to touch by 2031?
The global part feeders market size was USD 177.2 million in 2020 and is expected to reach USD 286.8 million by 2031.
-
What CAGR is the Part Feeders market expected to exhibit by 2031?
The Part Feeders market is exhibiting a CAGR of 4.5 % during the forecast period.
-
Which are the driving factors of the Part Feeders market?
Demand for the Feeders Is Growing and Increased demand for machines and a critical need to cut back on manual labor will drive market expansion are the driving factors of the Part Feeders market.