Albany, NY -- (SBWIRE) -- 01/14/2019 -- Transparency Market Research (TMR) has recently published a report on the global industrial dispensing system and equipment market detailing the growth trajectory and present status of the market. The report, titled "Industrial Dispensing System and Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021", is available on TMR's official website for sale.
Browse the full Industrial Dispensing System and Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at https://www.transparencymarketresearch.com/industrial-dispensing-system-equipment-market.html
According to the report, the global market for industrial dispensing systems and equipment, which stood at US$12.85 billion in 2014, will exhibit a CAGR of 7.0% and will reach US$20.57 billion by the end of 2021. The publication presents a holistic overview of the global industrial dispensing system market. It presents insights into the key factors driving the market as well as the factors likely to inhibit its growth until 2021.
Industrial dispensing systems and equipment are used for dispensing glues, chemicals, ink, liquid product, powder product, or other solvents. The products obtained through dispensing have several applications across large-scale industries such as automotive, pharmaceuticals, food and beverages, personal care products, and others, hence giving a significant boost to the global market for industrial dispensing solutions. The integration of automation in many industries is also aiding the development of the industrial dispensing system market across the world. Industrial dispensing solutions help industries improve their production efficiency, which is a primary factor fuelling demand from the market.
The industrial dispensing system market is anticipated to benefit substantially from the robust automobile production worldwide. Need for dispensing adhesives and liquids for manufacturing machine parts such as oil seals, wheel bearings, engine parts, and motors is fuelling demand from the industrial dispensing equipment and system market globally.
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Among the various end-use industries, the pharmaceuticals industry accounted for over 30% of the global industrial dispensing system market in 2014. Adoption of new technologies and rapid industrialization across the developing nations in Asia Pacific is anticipated to positively impact the growth of the industrial dispensing system and equipment market. Encouraged by the recovering economic situations in emerging markets and introduction of the latest technologies, the customers are now preferring automated dispensing systems more than manual filing and bonding. This is a crucial factor aiding the growth of the global industrial dispensing system market.
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Regionally, North America dominated the global industrial dispensing system and equipment market in 2014. The region is expected to continue its dominance through 2021. The report identifies the advances introduced in conventional dispensing systems and equipment in the region as primary factors boosting the robust development of the market in the region. Increasing consumer awareness and affinity towards novel technologies also aids the expansion of the dispensing systems market in North America, the U.S. being the most lucrative national market for dispensing systems in the region. Europe and Asia Pacific collectively held over 50% of the global industrial dispensing system market in 2014, each trailing North America closely.