According to our latest market study on "Rotary Indexer Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Application, End-Use Industry, and Geography," the market is expected to grow from US$ 654.90 million in 2021 to US$ 883.96 million by 2028; it is estimated to grow at a CAGR of 4.4% from 2021 to 2028.
The rotary indexer is a rotary motion device that utilizes a collet system to clamp the material being worked on, and is commonly employed for drilling hole patterns in circular objects. While indexing tables are used to work on stationary parts, rotary tables continuously rotate the parts. The rotary indexer is a critical form of motion in mechanical engineering, precision measurement, machine assembly, and inspection, and its increasing demand across various applications is a key factor propelling the growth of the rotary indexer market.
The rotary indexer finds extensive use in various industries such as automotive manufacturing, microchip production, pharmaceuticals, bottling, and consumer products manufacturing. It serves diverse applications, including assembly, testing, machining, positioning, transfer, and parts separation. Among these, automated welding, medical packaging, and assembly cutting systems are the major applications of rotary indexers. The rotary indexer market is poised for significant growth during the forecast period, primarily due to the burgeoning demand for electronics and automotive products worldwide, particularly in India. The global trend towards automated welding solutions is also driving the demand for rotary indexers across the aforementioned industries. These factors are contributing to the development of the rotary indexer market.
North America has the highest adoption rate and development of emerging technologies globally, owing to favorable government policies aimed at promoting innovation and enhancing manufacturing capabilities. Consequently, any adverse impact on industries is likely to have a detrimental effect on the region's economic growth. The COVID-19 pandemic has had a severe cascading effect on various sectors, including the automotive and consumer electronics industries, making the US one of the worst-affected countries. The pandemic led to a temporary halt in automotive production across the region, with major companies such as General Motors, Ford, Fiat Chrysler, and Daimler shutting down their factories. Consequently, the rotary indexer market faced several challenges in 2020 due to the pandemic's negative impact on key end-use industries across North America. This was evident from both the demand and supply sides, as the production of rotary indexers came to an unexpected halt due to reduced demand and a disrupted supply chain. Additionally, the imposition of lockdown measures led to the electronics industry coming to a standstill, resulting in decreased demand for rotary indexers in North America and adversely affecting the rotary indexer market in the region.
The rotary indexer market is categorized into different segments based on application, end-use industry, and geography. The market size of rotary indexers is classified into two types: heavy duty rotary indexer and light duty rotary indexer. The rotary indexer market is further divided based on its application into machine tools, semiconductors, medical packaging, automated welding, robotics, and assembly cutting system. Based on end-use industry, the rotary indexer market is segmented into automotive, electronics, medical and healthcare, transportation, and aerospace. Geographically, the rotary indexer market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.
Bettinelli, Motion Index, Weiss, Destaco, and Sankyo are among the key players operating in the rotary indexer market. During this study, several important market players were analyzed to get a holistic view of the market and its ecosystem.
Key Findings of Study:
Increased sales of automotive assembly units and growth in the aerospace industry are driving the demand for rotary indexers in North America. The adoption of automated welding by various end-use industries in the region is also contributing to the growth of the rotary indexer market. Asia Pacific region exhibits a significant potential demand for rotary indexers due to the increase in production in the automotive, pharmaceutical, and consumer electronics industries.
North American countries increasingly prioritize adopting automation in their manufacturing processes due to its numerous benefits. Industries are widely embracing automation, human-robot collaboration, and connectivity to drive the advancement of Industry 4.0. According to the Association for Advancing Automation (A3), the sale of robots in North America hit a record high in 2021, with 39,708 units sold at a value of $2 billion, representing a 28% increase from 2020. Consequently, industries are turning to robotics to improve productivity and drive market growth. In Europe, the welding process has seen a growing trend in the application of industrial robots due to state-of-the-art technologies. Around 77% of industrial robots in Europe are used for welding, assembling, and manufacturing in the automotive industry. Hence, the growth prospects of the manufacturing and automotive industries are driving the expansion of the rotary indexer market.
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