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According to our latest market study on “Rotary Indexer Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application, and End-use Industry” the market is expected to grow from US$ 654.90 million in 2021 to US$ 883.96 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.
Rotary Indexer Market business research report assesses the current as well as upcoming performance of the market, also brand-new trends in the market. It provides product overview and highlights of product and application segments of the market including price, revenue, sales, sales growth rate, and market share by product. The market statistics within the report is displayed in a statistical format to offer a better understanding upon the market dynamics.
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Manufacturing industries have been incorporating greater automation levels wherein rotary indexers are used in packaging, labeling, pressing, trimming, bottling, automatic assembly machines, and other applications. Manufacturing of consumer electronics, healthcare-related products, automobiles, and aerospace industries are some of the prominent industry verticals that have been prolific in the automation integrations into manufacturing assembly lines. Thus, the rise in the rotary indexer market is attributed to growth prospects in the manufacturing industry.
Competitive Landscape: Rotary Indexer Market: olombo Filippetti S.p.A; Nabtesco Corporation; FIBRO India; Haas Automation, Inc; TUNKERS Maschinenbau GmbH; Goizper Group; Camfield Engineers; Motion Index Drives Inc; Nexen Group, Inc.; Packam Controls; Sankyo Automation; Square Automation; TAKTOMAT; CKD Corporation; WEISS GmbH; DESTACO (Dover Corporation); Bettinelli F.lli S.p.A.; Festo; Guangdong Saini Intelligent Equipment Technology Co., Ltd.; and HepcoMotion
As per the data published by Trading Economics, India’s manufacturing sector accounts for 78% of total industrial output. In addition, government initiatives for propelling the automotive industry are further driving the market dynamics for rotary indexers. For instance, as per the data published by India Brand Equity Foundation, in September 2021, the Indian government approved the Production Linked Incentive (PLI) scheme with an investment of US$ 3.53 billion. Also, in November 2021, the government has initiated the Uttar Pradesh Defense Industrial Corridor Project worth US$ 53.73 million in Jhansi. Thus, such booming investment prospects in the industrial sector are increasing demand for rotary indexers within the manufacturing industries, which helps drive the rotary indexer market growth.
“Rotary Indexer Market research report delivers a comprehensive study on production capacity, consumption, import and export for all major regions across the world. Report provides is a professional inclusive study on the current state for the market. Analysis and discussion of important industry like market trends, size, share, growth estimates are mentioned in the report.”
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Government initiatives favoring the development of the automotive sector are supporting the growing vehicle manufacturing in the country, which, in turn, fuels the growth of the rotary indexer market. Indian automotive companies, such as Tata, Mahindra, and several tech startups, are working on automotive vehicle technology, which leads to demand for rotary indexers to reduce the production time of the manufacturers. The total numbers of vehicles produced in India in 2020 were 3,394,446 units, according to the International Organization of Motor Vehicle Manufacturers. The growing vehicle production is driving the growth of the rotary indexer market in the country during the forecast period. Additionally, the country experienced a double rate of industrial robotic installation over the last five years due to growing automation across the manufacturing industries.
Impact of COVID-19 Pandemic on Rotary Indexer Market Growth
The COVID-19 pandemic severely impacted the European countries, including Italy, Spain, France, and Germany, with Italy being the most affected. In the pre-covid scenario, the market witnessed a significant rise owing to the growing adoption of rotary indexers for manufacturing, inspection, and assembly tasks. However, the emergence of the COVID-19 pandemic imposed lockdowns in Europe, which led to a drastic decline across multiple industries, severely affecting the growth of the rotary indexer market in the region. The lockdown imposed by the government resulted in the shutdown of several industries, including automotive, consumer electronics, and transportation industries reducing the demand for rotary indexers.
However, in 2021, the relaxation of lockdown measures and growing investment in the manufacturing sector fueled the market again. Hence, the market outlook for rotary indexers gained momentum. Thus, in the coming years, such a rebound in the manufacturing, aerospace, and transportation industries is driving the rotary indexer market. In addition, in March 2022, Intel announced the first phase of its plans to invest US$ 86.92 billion in the European Union over the next ten years along the entire semiconductor value chain. Thus, such a booming investment trend in post-pandemic scenarios is expected to maintain healthy growth in the rotary indexer market during the forecast period
The market is segmented into type, application, end-use industry, and geography. Based on type, the market size is segmented into heavy duty rotary indexer and light duty rotary indexer. By application, the market is segmented into machine tools, semiconductors, medical packaging, automated welding, robotics, and assembly cutting system. By end-use industry, the market size is segmented into automotive, electronics, medical and healthcare, transportation, and aerospace. Based on geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.
Chapter Details of Rotary Indexer Market: Part 01: Executive Summary Part 02: Scope of The Report Part 03: Rotary Indexer Market Landscape Part 04: Rotary Indexer Market Sizing Part 05: Rotary Indexer Market Segmentation by Product Part 06: Five Forces Analysis Part 07: Customer Landscape Part 08: Geographic Landscape Part 09: Decision Framework Part 10: Drivers and Challenges Part 11: Market Trends Part 12: Vendor Landscape Part 13: Vendor Analysis
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