Industrial Hot-melt Dispensing Equipment Market: Introduction
- Industrial hot-melt dispensing equipment are portable hot-melt equipment used to melt tubular shaped thermoplastics into hot melt adhesive. Industrial hot-melt dispensing equipment are of two types i.e. glue guns and bench top hot-melt equipment. Glue guns are the most commonly used hot-melt equipment. Hot-melt equipment melts tubular-shaped thermoplastics into hot-melt adhesive, as they are portable. The industrial hot-melt equipment market is likely to witness considerable growth in this segment owing to their affordable pricing and ease of use.
- Industrial hot-melt dispensing equipment offers flexibility to the manufacturing process with relatively high speed, which results in time and cost saving in the processing line. Rising demand for high quality finished goods is expected to accelerate the growth of the industrial hot-melt dispensing equipment market.
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Global Industrial Hot-melt Dispensing Equipment Market: Dynamics
Global ndustrial Hot-melt Dispensing Equipment Market: Key Drivers and Restraints
- Growth of the food & beverages industry in developed and developing economies is expected to drive the industrial hot-melt dispensing equipment market. In addition, increasing demand for packaged food products across the world is expected to enhance the demand for industrial hot-melt dispensing equipment.
- Developments in pharmaceutical packaging, coupled with various regulations across the globe is another factor adding to the growth of the industrial hot melt dispensing equipment market.
- Growing adoption of electric hot melt equipment in industries such as electronic packaging is expected to boost the demand for industrial hot melt dispensing equipment.
- Rising demand for industrial hot-melt dispensing equipment in packaging industry is expected to bolster the growth of the industrial hot melt dispensing equipment market over the forecast period.
Asia Pacific to Account for Major Share of the Global Industrial Hot-melt Dispensing Equipment Market
- In terms of region, the global industrial hot-melt dispensing equipment market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- The industrial hot-melt dispensing equipment market in Asia Pacific is expected to hold a largest share due to a growing food & beverages and packaging industry. In addition, increasing population in the APAC region is expected to influence the growth of the packaged food industry, which subsequently drives the growth of the industrial hot-melt equipment market.
- Europe is anticipated to hold significant share of the global industrial hot-melt dispensing equipment market due to the adoption of industrial hot-melt dispensing equipment in the paint & coating industry. This in turn is expected to accelerate the growth of the market.
- The industrial hot-melt dispensing equipment market in North America is anticipated to expand at a rapid pace over the forecast period due growth of the e-commerce industry and increasing usage of technical facilities in packaging industry. This in turn is expected to enhance the growth of the industrial hot-melt dispensing equipment market in the region.
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Global Industrial Hot-melt Dispensing Equipment Market: Competitive Landscape
Key Players Operating in the Global Industrial Hot-melt Dispensing Equipment Market
Few local, regional, and international players are found in the industrial hot-melt dispensing equipment market. The global industrial hot-melt dispensing equipment market is highly consolidated, with top manufacturers accounting for approximately 25%-30% of the market share. Key players operating in the global industrial hot-melt dispensing equipment market are:
- Astro Packaging
- Dymax Corporation
- Fabron Inc.
- Glue Machinery Corporation
- Graco Inc.
- Henkel AG & Co. KGaA
- ITW Dynatec
- Nordson Corporation
- Power Adhesives
- Robatech India Pvt Ltd.
- Valco Melton
Global Industrial Hot-melt Dispensing Equipment Market: Research Scope
Global Industrial Hot-melt Dispensing Equipment Market Segmentation, by Product Type
- Glue Guns
- Bench top Hot-melt Equipment
Global Industrial Hot-melt Dispensing Equipment Market Segmentation, by End-user
- Paint & Coating
- Food & Beverages
Global Industrial Hot-melt Dispensing Equipment Market Segmentation, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.