The global industrial dispensing systems and equipment market is a consolidated arena and the top five players accounted for about 60% of the overall market in 2014. These key players are Fisnar Inc., Franklin Fueling Systems, Graco Inc., Techcon System Inc., and Nordson Corporation. The competitive rivalry in the market is high and the players are developing technologically advanced products to gain a competitive edge over others, states Transparency Market Research (TMR) in a new study. “Low manufacturing costs and low entry barriers make the industrial dispensing systems and equipment market highly attractive for new players. Moreover, the presence of a large number of investors is helping new entrants to overcome the challenge of high initial investment,” says the author of the report.
The global industrial dispensing systems and equipment market was valued at US$13.69 bn in 2015 and is expected to reach US$20.57 bn in 2021, expanding at a CAGR of 7% from 2015 to 2021. Based on application, liquid materials dispenser was the leading segment by revenue in 2015 and is anticipated to maintain its dominance until 2021, accounting for 35.66% of the overall market. Glue and sealants dispensing systems will expand at a significant CAGR due to advanced automation offered by them.
Asia Pacific to Grow at Most Promising Rate
Geographically, North America was the leading segment in 2015 in terms of revenue. The increasing sales of cars, consumer electronics, and beverages and the rising demand for high-end healthcare facilities are fuelling the growth of the industrial dispensing systems and equipment market in this region. Due to the aforementioned reasons, this segment is expected to retain its leadership until 2021.
However, Asia Pacific is estimated to expand at the most promising CAGR of 8.1% during the same period. The growth of this region can be attributed to increased production of clinical equipment production and advancements in the automotive sector.
Implementation of Advanced Technologies to Drive Adoption of Dispensing Systems and Equipment
Adoption of advanced technologies in various industries is anticipated to influence the industrial dispensing systems and equipment market positively. For instance, the implementation of fluid dynamic technology in the food and beverage industries helps in saving energy through efficient cooling, lowers the carbon footprint, and decreases operational costs.
The integration of automation in the chemical, automotive, agriculture, aerospace, and food and beverages industries worldwide has helped in increasing the production output. This factor is causing a spike in the demand for automation, in turn, contributing to the growth of the global industrial dispensing systems and equipment market. Another factor propelling the growth of the market is the increasing need for accuracy, control, and customization in food, electronic, automotive, and chemical industries.
Heavy Electric Power Consumption of Industrial Dispensing Systems to Hamper Market Growth
For high metering quality, the industrial dispensing systems require heavy electric power. Hence, their adoption is low in industries based in towns and rural areas where electric supply is a big problem. Deployment of the industrial dispensing systems and equipment systems is also less in industries having production timeline, as the malfunctioning of these systems can severely affect the efficiency of production. Moreover, the declining after-sales market system is hampering the growth of the overall industrial dispensing systems and equipment market.
However, rapid industrialization in developing nations of Asia Pacific and MEA are anticipated to present immense growth opportunities in the near future. Furthermore, upcoming technologies such as digital dispensing systems in pharmaceutical, automotive and aerospace are expected to help in the creation of a promising market for the industrial dispensing system manufacturers in the forthcoming years.
The information presented in this review is based on a Transparency Market Research report, titled, ‘Industrial Dispensing System and Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.’
The global industrial dispensing system and equipment market has been segmented as follows:
Global Industrial Dispensing System and Equipment Market: By Application
- Glues and Sealants Dispensing System
- Liquid Material
- Powder Product Dispenser
Global Industrial Dispensing System and Equipment Market: By End Use
- Personal Care Products
- Food and Beverage
Global Industrial Dispensing System and Equipment Market: By Geography
- North America
- Asia Pacific
- Rest of the world (RoW)
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