The rotary indexer market size is projected to reach US$ 977.24 million by 2031 from US$ 238.98 million in 2023. The market is expected to register a CAGR of 5.5% during 2023–2031. The increasing prospects in manufacturing industries and the advantages of precision rotary indexers over conventional rotary indexers are likely to be the key drivers and trends of the market.
The rotary indexer market is experiencing significant growth globally. The growth is attributed to factors such as the increasing prospects in manufacturing industries and the advantages of precision rotary indexers over conventional rotary indexers. Moreover, the rising uptake of automated assembly machinery in end-use industries and the rising trend of automated welding are anticipated to hold several opportunities for the market in the coming years.
The rotary indexing system is a sophisticated and highly efficient mechanism used in various industries to streamline production processes. This automation technology enables the precise movement and positioning of workpieces at predetermined intervals, allowing assembly workstations to perform specific tasks with exceptional accuracy.
The manufacturing sector, such as machine learning, robotics, and artificial intelligence, enabled machines to match or outpace humans in a range of activities, including the cognitive activities required at various levels of manufacturing. Improved productivity ranges between 10% and 20% when automation is implemented on any lean assembly line. Moreover, Industry 4.0 is another buzzing trend that is anticipated to take up the manufacturing sector in the coming years. The rising uptake of rotary indexers has resulted in increasing levels of automation in the manufacturing sector worldwide.
An automated assembly system is constructed with the help of mechanized and automated devices that all perform several processes in constructing a single item/product. Mechanical systems are typically conceived to perform fixed repetitive motions, like the fixed sequences needed for assembling parts and products. Moreover, there are various players in the market to offer automated assembly machinery. Companies such as Grob, HIRATA, ATS Automation Tooling Systems, NITTO SEIKO, Tach Precision Engineering, Teamtechnik (Dürr), Juki, Tateyama Auto Machine, Autec Mechanical, and many more.
Key segments that contributed to the derivation of the rotary indexer market analysis are type, application, and end-use industry.
The geographic scope of the rotary indexer market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the rotary indexer market. High technology adoption trends in various industries in the North American region have fuelled the growth of the rotary indexer market. Factors such as increased adoption of digital tools and high technological spending by government agencies the increasing prospects in manufacturing industries and the advantages of precision rotary indexers over conventional rotary indexers are expected to drive the North American rotary indexer market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has many rotary indexer market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the rotary indexer market.
The regional trends and factors influencing the Rotary Indexer Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Rotary Indexer Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 238.98 Million |
| Market Size by 2031 | US$ 977.24 Million |
| Global CAGR (2023 - 2031) | 5.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Rotary Indexer Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Rotary Indexer Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The rotary indexer market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the rotary indexer market are listed below:
The “Rotary Indexer Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The global rotary indexer market is expected to reach US$ 977.24 million by 2031.
The rising trend of automated welding is anticipated to drive the market in the forecast period.
The key players holding majority shares in the global rotary indexer market are Colombo Filippetti Sp. A, Nabtesco Corporation, FIBRO India, Haas Automation, Inc, TUNKERS Maschinenbau GmbH, Goizper Group, Camfield Engineers, Motion Index Drives Inc, Nexen Group Inc., Packham Control, DESTACO (Dover Corporation), Bettinelli F.lli SpA., Sankyo Automation, Festo, Square Automation, TAKTOMAT, Guangdong Saini Intelligent Equipment Technology Co., Ltd., CKD Corporation., HepcoMotion, WEISS GmbH.
The increasing prospects in manufacturing industries and the advantages of precision rotary indexers over conventional rotary indexers are some of the factors driving the rotary indexer market.
North America is anticipated to dominate the rotary indexer market in 2023.
The expected CAGR of the rotary indexer market is 5.5%.