Nowadays industries are looking forward towards the automation and steadily adopting it as well. Rotary dial machine is having the potential to replace the conventional manual manufacturing processes and product defect rate because of the drastic cost deduction which happens due to the least machining time and production running cost along with superior quality. It ensures smooth, consistent and high-speed operation with a higher accuracy rate. Quality assurance and automatic quality check is an add-on to the rotary dial machine. Accoutered with significant traits, Rotary dial machine inculcate into the industry and all set to rush with a higher single-digit CAGR over the estimated time period.
Considering the aspect of future consumption of rotary dial machines, demand for the rotary dial machines is going to increase in a steeper line which will further result in the quicker adoption of Rotary dial machine in the industries. Shifting consumer needs and widening consumer base will lead to the expansion of the market. Rotary dial machine is having the capability to stand along with upcoming forecasted market expansion.
However, the market is dynamic. New and small startups are taking birth mostly in emerging countries and their main concern is to minimize the cost of production to meet economies of scale. Rotary dial machine market is expected to have a higher growth rate till 2030 because of the diversity of being absorbed in multiple industries, there’s a significant demand for it. Manufacturers are understanding the need for rotary dial machines which will hike the demand in the market. There are great opportunities in the opened for these machines.
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Rotary dial machine is reducing the requirement of workers at the workplace in the product manufacturing process. Countries from different regions such as India, China, and Africa etc. are having a higher rate of unemployment and labour is available at low cost. Labour and governments or Non-governmental organizations of these countries will try to force the manufacturers to stop the adoption of such machines which can contribute to increasing the unemployment rate. All of these factors can be the threat to the demand of machines which will impact on the manufacturers and sellers of rotary dial machines.
COVID-19 Impact Insights
COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This situation has restricted the manufacturing of non-essential products from manufacturing, petrochemical, pharmaceuticals, oil & gas, automotive and chemical industry limiting the global demand for rotary dial machines. Due to COVID-19 pandemic, disruption in the global supply chain has halted the operations of different industries restraining the overall growth of the rotary dial machine market.
In these unpredicted Novel corona Virus Pandemic time, automation technologies like Rotary Dial machine making a huge impact through helping in the safeguard of peoples. Some of the prominent countries have started investing in this technology after seeing this much kind of future opportunities. In this tough time, most of the industries are affected because of lockdowns and social distancing measures all across the globe but, automation industries are not impacted that much because of the pharmaceutical industries.
The shutdown of the plants and other manufacturing units in the Europe, Asia and North America for more than 3 quarters of 2020 has declined the demand for Rotary Dial Machines due to which production for the same stopped. However, uplifting of lockdown in regions of high demand is showing a ray of hope for the Rotary Dial Machine market to bounce back strongly and reach its desired potential. It is expected that strong demand will come into this market at the beginning of 2021 after a full fledge operation is being started of other industries as well.
Segmentation Analysis of Rotary Dial Machine:-
-Globally Rotary dial machine is spread in broadly six segments – stations, axis, technology, application, end-use and region
Depending upon the number of stations, Rotary dial machine market has been segmented as follows:-
- BELOW 6 STATIONS
- 6 STATIONS
- 8 STATIONS
- 10 STATIONS
- ABOVE 10 STATIONS
Depending upon the axis of rotation, Rotary dial machine market has been segmented as follows:-
- Horizontal axis
- Vertical axis
Depending upon the technology, Rotary dial machine market has been segmented as follows:-
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Depending upon the application, Rotary dial machine market has been segmented as follows:-
- Ultrasonic welding
Depending upon the end-use, Rotary dial machine market has been -segmented as follows:-
Rotary Dial Machine: Regional Outlook
Regions are divided into 6 major regions like North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa based on manufacturing, usage and exporting,. Evolving countries such as China, India and Africa etc. are creating demand for the rotary dial machine due to great developments.
Geographically North America has adopted the technology in the initial stage, as a result, it is holding a bigger share the rotary dial machine market along with a growth projection of highest single-digit CAGR. Japan and Europe, are technologically advanced and continuously working on developing new technologies, are being expected to hold a significant market share because of their emerging technologies and applications. Although the united states of America are expected to develop as a fast-growing market for rotary dial machines because of the initiatives taken by the government.
Europe is coming up as a new market for rotary dial machine because of the rise in demand for automation in industries and the availability of raw materials and resources. No doubt, it can be the leading market player in the coming decades if growth will be on the same pace. The United Kingdom and Germany are contributing more in the development of highly efficient rotary machine.
Recently the Northeast Asia market is also looking attractive for the automation sector witnessing a fast-paced growth and emerging technologies in automotive & electronics sector. Some of the initiatives are also taken by the Gov. of India, helping into the expansion of end-use industries which further leads to the rise of demand in Rotary Dial Machine.
The Middle East and Africa are in the phase of development which will act as a consumer as well as a low-cost manufacturer of the rotary dial machines. It will create significant demand for the machines in the coming few years and will help in creating good CAGR growth.
Rotary Dial Machine: Key Players
With the presence of moderately fewer players in the market of rotary dial machine makes it not as much competition.
Companies are opting for the organic growth strategies seeking for the maximum growth such as new product offering, optimization and reallocation of resources to improve design, reliability and durability of Rotary dial machine. Some of the prominent players holding a bigger market share of Rotary dial machine industry are TQC, Demco, Assembly, Global spec, FlexAuto, Franklin Automation, Weiss.
However, regional players in Asia and Africa is a challenge for the global market offering products with a lower price point and disturbing the whole global market of rotary dial machine.
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