According to a new market research report “Dispensing systems Market (2015 – 2020); By Technology (Manual, Semi-Automated, Automated); By Industry Verticals (Aerospace, Automotive, Chemicals, Others); By End User Application (Filling, Bonding, Potting, Others) - Global Forecast to 2020”. Dispensing Systems Market is estimated to reach $6.9 billion by 2020.
Browse Market Data Tables and Figures spread through 180 pages and in-depth TOC on “Dispensing Systems Market - Global Forecast to 2020".
Dispensing Systems are the equipment with material dispensing capabilities used in a wide variety of applications. It is a diverse market that provides equipment to cater the dispensing requirements of several industries. The Global Dispensing Systems Market report provides a detailed account of the industry by analyzing dispensing systems market by application and by components. Automotive, Electronics and Chemical industry are some of the dominant applications of dispensing systems. It is estimated that the global dispensing systems market revenue will reach $6.9 billion by 2020; whereas, the market for dispensing systems components is forecast to reach $5.4 billion.
The dispensing systems market report provides an in-depth analysis of the dispensing systems market and its components market. The report is segmented based on types, end-use industry, components and geography. Types of dispensing systems included in the report are dispense-only, mix and dispense, mix meter and dispense, and hot melt dispense. Dispensing components considered for study of the report comprised of extruders, melters, filler system, metering system, applicators and spray. Extruders dominated the components market due to its wide usage across industries; whereas, metering system is the fastest growing segment owing mainly to the rising demand for automated and precision dispensing systems.
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Based on end-use segment, the market is categorized into Automotive, Aerospace, Chemicals, Food & Beverage, Life Sciences and Electronics.
Automotive and Electronics are the major end-use industries for global dispensing systems market due to the wide applications for dispensing systems, such as potting, bonding, sealing, and encapsulating. These segments recorded share of 57% together in the global dispensing systems market in 2014 owing to the higher level of automation in production lines in these industries. The market for automotive industry is set to reach $2.02 billion by 2020 at a CAGR of 4.8% during the forecast period. Increasing automobile production in APAC region will propel the market growth for this segment in the coming years. Dispensing systems market for electronics industry is poised to grow at a CAGR of 5% due to the escalating electronics manufacturing in the APAC region. Chemical industry is the fastest growing end-use segment for dispensing systems led by rising investments in the manufacturing sectors of China and Japan. Global dispensing systems market for life sciences industry was valued at $434m in 2014. Growth for this segment is driven by increasing production of pharmaceutical and medical devices across the globe.
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APAC dominated the dispensing system market in 2014 with China, India and Japan as the major contributors. The South American dispensing system equipment market is largely driven by favorable socio-economic conditions for the manufacturing sector; it is estimated to grow at a CAGR of 5.5% for the period under review. RoW market is estimated to grow at a CAGR of 2.8% due to increased investments in manufacturing sectors of South Africa and Nigeria.
The global dispensing systems market is a fragmented market with the presence of both global and regional players; even though, only the established players constitute significant share owing to the extensive distribution network, brand reputation and positioning of the product. They constitute 50% of the total market share in the global dispensing system industry. Nordson Corporation (U.S.), Graco Inc. (U.S.), Fisnar Inc. (U.S.), and Valco Melton (U.S.) are some of the key players in the industry. These players have a major market share owing to a wide and efficient product portfolio. Moreover, these players spend significantly on R&D in order to offer products with new technologies to their customers and can provide them a competitive edge over the competitors in the market.
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