Fully Automatic Insertion Machine Market Report
Fully Automatic Insertion Machine Market, Dynamics, Market Trends, and Insights
The Fully Automatic Insertion Machine Market is estimated to grow from USD 425.6 million in 2020 to USD 478.1 million by 2026 at a healthy CAGR of 2.0% during the forecast period.
Automatic Insertion Machine, that is, some of the regular electronic components automatically, which is also referred to ‘automatic plug-in machine’ standard inserted in the printed circuit board conductive through-hole in the mechanical equipment.
Key players operating in the fully automatic insertion machine market are-
Rising demand for high-scale production in the assembly process of consumer electronics for pushing reeled press-fit and through-hole components into PCBs is a key factor augmenting the market growth. In addition, consistent demand for higher performance has resulted in a growing need for enhanced automobile electronics such as telematics and in-car entertainment systems, thus bolstering the industry growth in the coming years.
Based on application, the fully automatic insertion machine market is classified into energy & power systems, household industry, electronic products, and others.
By region, the Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR in the following years.
The COVID-19 outbreak has significantly affected the fully automatic insertion machine industry. This is mainly attributed to limited workforce and temporary shutdown in operations in various industries including energy & power systems and household industry. Moreover, supply chain disruption and interstate band on transportation further affected the market growth.
Here is the list of the group of customers that the Fully automatic insertion machine market hopes to have the greatest opportunity to convert-
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The fully automatic insertion machine market size is expected to reach USD 478.1 million in the coming years.
UIC (The U.S), Panasonic (Japan), Juki (Japan), Mirae (South Korea), FINECS (Japan), TDK (Japan), Southern Machinery (Ireland), Yamaha (Japan), Fuji (Japan) and Techwin (South Korea) are among the key players in the fully automatic insertion machine market.
The fully automatic insertion machine market is expected to witness an impressive growth of 2.0% CAGR in the foreseeable future.
The electronic products segment is expected to grow at the highest CAGR in the fully automatic insertion machine market in the coming five years.
Asia Pacific market accounted for the largest share in 2020 and is expected to grow at a substantial CAGR.
Fully automatic insertion machine vendors, Fully automatic insertion machine retailers, Consumer electronic companies, Energy companies are the target audience in the fully automatic insertion machine market.