Global Dispensing Systems Market Size, Share, and COVID-19 Impact Analysis, By Type (Manual, Automated), By Vertical (Automotive, Aerospace & Defense, Healthcare & Life Sciences, Consumer Electronics, Manufacturing, Food & Beverages & Others), and by Region (North America, Europe, Asia-Pacific, South America, Middle East, and Africa) Analysis and Forecast 2022-2030
KEY MARKET INSIGHTS
The dispensing systems market was valued at US$ 35.34 Billion in 2021 and is projected to reach US$ 53.78 Billion by 2030, at a CAGR of 5.3%.
A dispensing system is a piece of machinery that distributes chemicals, inks, or other solvents. These are widely used by consumers every day and in a variety of markets. For instance, when syringes and disinfecting solutions are dispensed in the pharmaceutical industry, when detergent liquids and cleaning solutions are dispensed in household chemicals, when shampoos and moisturizers are dispensed in personal care, and when aerated drinks, water, syrup, and sauce are dispensed in the food and beverage industry. In comparison to the conventional dispensing approach, the dispensing system aids in boosting production and lowering errors. Additionally, dispensing systems increase user convenience and minimise material waste.
The COVID-19 pandemic had a mixed effect on the world market for dispensing equipment. Since government-imposed lockdowns and limitations caused a protracted halt to manufacturing across the globe, demand from industrial uses like car manufacturing has sharply decreased. But as the pandemic progressed, prominent corporations attempted to automate and reduce human interaction in order to maintain production, which led to an increase in demand.
Growth in Disposable Income Across the Population
Additionally, it is anticipated that the altering lifestyle will significantly contribute to the market's expansion. Another element that is projected to drive market expansion is innovation and advances in technology and aesthetics. Consumers use dispensing systems as it is anticipated that the growth in disposable income would drive the market's demand.
Increasing Demand from Different Applications
The rising demand from the electronics, automotive, and healthcare & pharmaceutical sectors is one of the key reasons fueling the market's expansion. It is projected that factors such as less errors, improved time management, and ongoing technology advancements would further support the expansion of this industry. The use of dispensing systems aids in lowering the company's direct and overhead costs, which raises its profitability and increases demand for similar systems in related industries.
High Operational Costs hampering the Market Growth
The high operating and maintenance costs of automated dispensing systems may impede the growth of the global market. The target market's growth is also anticipated to be somewhat constrained by a lack of technical know-how to handle automated dispensing devices.
The global dispensing systems market is segmented by Type (Manual, Automated), by Vertical (Automotive, Aerospace & Defense, Healthcare & Life Sciences, Consumer Electronics, Manufacturing, Food & Beverages & Others) and region. Based on the type, the market is categorized into manual, automated. Based on vertical, the market is categorized into automotive, aerospace & defense, healthcare & life sciences, consumer electronics, manufacturing, food & beverages & others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
Based on the type segment, the global dispensing systems market is categorized into manual, automated. The automated segment accounted largest market share in 2020 due to increasing digitalization and urbanization across the world.
Based on the vertical segment, the global dispensing systems market is categorized into automotive, aerospace & defense, healthcare & life sciences, consumer electronics, manufacturing, food & beverages & others. The automotive segment accounted largest market share in 2020 due to the vehicle manufacturers that engage in mass production find modern dispensing systems appealing due to their high speed, precision, and accuracy.
The global dispensing systems market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. North America is expected to dominate the market share of global dispensing systems market owing to the rising investments over R&D activities regarding the components of the dispensing systems. Due to the presence of major players and technological advancements. The availability of funding and the region's well-developed industrial infrastructure, which have allowed several businesses to deploy automated dispensing systems. However, Asia Pacific is anticipated to emerge as the fastest-growing region over the forecast period. The market is driven by the expansion of middle class people driving demand for consumer goods, healthcare, and a high standard of living, China has dominated the industry and is the region with the highest growth. Due to its rapid industrialization, rise in the use of cutting-edge technologies, and use of advanced production techniques, Asia-Pacific has a significant development potential in the dispensing system market in the future.
LIST OF KEY COMPANIES PROFILED:
· AICELLO CORPORATION
· Dover Corporation
· EXACT Dispensing Systems
· FANUC America Corporation
· Graco Inc.
· GS Manufacturing
· Hydro Systems Company
· JR Automation
· Krauss-Maffei Corporation
· Musashi Engineering, Inc.
· Nordson Corporation
· Silgan Holdings Inc.
KEY INDUSTRY DEVELOPMENTS:
January 2017- Silgan acquired WestRock’s specialty closures and dispensing systems business for approximately $566 million.
- Aerospace & Defense
- Healthcare & Life Sciences
- Consumer Electronics
- Food & Beverages
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy, Spain, Rest of Europe
- Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
- South America- Brazil, Argentina, Colombia, Rest of South America
- The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa