Precision Positioning Equipment Market: Introduction
A precision positioning equipment is generally used for handling a material at a single workplace. The major types of precision positioning equipment are lift/tilt/turn table, manual (no equipment), ball transfer table, dock leveler, parts feeder, rotary index table, air film device, balancer, hoist, manipulator, vacuum manipulator, articulated jib crane manipulator, rigid-link manipulator, and industrial robot. Precision positioning equipment have some benefits compared to manual handling, such as raised productivity of each worker, improved product quality, increased frequency of handling materials, lessened damage to materials and equipment, and reduced injuries and fatigue when the environment is hazardous.
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Precision Positioning Equipment Market: Competitive Landscape
Topcon Positioning Systems Inc.
Topcon Positioning Systems Inc. is based in Livermore, California, U.S. The company manufacturers and designs precision positioning equipment and machine control products. Furthermore, it designs and manufactures solutions for agriculture, construction, mapping and geographic information system, civil engineering, asset management, and mobile control markets. The company has six primary brands: Sokkia, Topcon, Digi-Star, NORAC, Wachendorff Elektronik, and RDS Technologies.
IKO International, Inc.
Incorporated in 1950, IKO International, Inc. is based in Parsippany, New Jersey, U.S. The company is specialized in manufacturing and designing linear motion rolling guides, needle roller bearings, and precision positioning tables. It provides various products such as precision positioning tables, linear motor drive positioning tables, ball screw drive positioning tables, and specialized positioning tables and stages. The company’s rotary bearings and positioning tables are used in a wide range of industries such as semiconductor, packaging, medical, machine tools, and automation.
Sumitomo Heavy Industries, Ltd
Incorporated in 1888, Sumitomo Heavy Industries, Ltd is located in Tokyo, Japan. The company manufactures and sells advanced precision machinery, general machinery, ships, environmental plant facilities, and construction machinery in Japan and across the globe. The company provides a wide range of products such as transfer molding presses, injection molding machines, precision positioning equipment, cryopumps, cryocoolers, laser systems, motion components, control systems, rolls for metal rolling, ion implanters, surface grinding machines, extrusion coating lines, and coolant systems.
Some other key players operating in the global precision positioning equipment market include ARC Specialties, Microwave Vision Group, Physik Instrumente (PI) GmbH & Co. KG., Physik Instrumente (PI) GmbH & Co. KG., halstrup-walcher GmbH, Aerotech, Inc., US EuroTek, Inc., and Griffin Motion, LLC.
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Global Precision Positioning Equipment Market: Dynamics
Evolution of Industry 4.0 and Rise in Automation to shape growth of the precision positioning equipment market
Industry 4.0, popularly known as smart factory, is considered the fourth era of industry that merges computing and automation. It also includes cyber-physical systems, cloud computing, Internet of Things, and cognitive computing. Industry 4.0 can help design, simulate, and take care of physical processes in manufacturing units that boosts cost-effectiveness. Factory simulation is expected to be highly beneficial for the upcoming concept of Industrial Internet of Things (IIoT). Leading manufacturing companies such as Schneider Electric SE and Siemens AG are moving toward the implementation of Industry 4.0. Thus, evolution of industry 4.0 is likely to boost the demand for precision positioning equipment in the next few years. Further, rise in automation in the industrial sector is projected to be a major factor driving the precision positioning equipment market. Additionally, rise in demand for computerized numerical control (CNC) machines is projected to propel the demand for precision positioning equipment across the globe. Increase in shift from manual to precision positioning equipment for material handling is expected to provide growth opportunities to the precision positioning equipment market.
High Cost of Precision Positioning Equipment restricts the Global Precision Positioning Equipment Market
High cost of precision positioning equipment is projected to hinder the market. However, in some economies, which are technologically lagging countries, still prefer manual method for material positioning. This is expected to hamper the market in the near future.
Global Precision Positioning Equipment Market: Segmentation
The global precision positioning equipment market can be segmented on the basis of:
Precision Positioning Equipment Market Segmentation – By Type
On the basis of type, the global precision positioning equipment market can be divided into:
- Ball Transfer Table
- Dock Leveler
- Parts Feeder
- Rotary Index Table
- Air Film Device
- Vacuum Manipulator
- Articulated Jib Crane Manipulator
- Rigid-link Manipulator
- Industrial Robot
Precision Positioning Equipment Market Segmentation – By Application
In terms of application, the global precision positioning equipment market can be segregated into:
- Semiconductor & Electronics
- Food & Beverages
Regional analysis of the global precision positioning equipment market includes:
- North America
- Asia Pacific
- Middle East & Africa (MEA)
- 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.