rotary indexer Market

The rotary indexer 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.

Rotary indexers are widely used in mechanical engineering, precision measuring, machine assembly, and inspection to rotate objects to specific positions for processing. They are used in diverse industries such as automotive, bottling, microchip, pharmaceutical, and consumer goods. The demand for automated welding solutions has increased in these industries, driven by rising demand for welding goods and end-use sectors worldwide. The market for rotary indexers is expected to benefit from this trend, particularly in automated welding, medical packaging, and assembly cutting systems. The adoption of automation by various manufacturing industries, coupled with technological advancements, is expected to create potential growth opportunities in the future. Increasing demand for energy-efficient solutions for enhancing production processes globally is another factor driving demand for high-precision automated processes, with rotary indexers being a preferred choice due to their high precision, torque, extended life, and low maintenance requirements. As the demand for assembly systems in the food & beverages, automotive, aerospace, and medical industries grows, the market for rotary indexers is expected to expand. The use of automated processes helps production industries to increase productivity and reduce product lifecycle costs. These benefits, coupled with the advantages of precision rotary indexers over conventional rotary indexers, are expected to drive the growth of the rotary indexer market.

The rotary indexer market is categorized based on type into heavy duty rotary indexer and light duty rotary indexer. Among these, the heavy duty rotary indexer segment held a major market share in 2020. This type of rotary indexer is equipped with a 4-point contact bearing that supports a large output mounting surface, enabling it to withstand high thrust and moment capacity. Its compact and sturdy design includes a large dial plate and center hole, making it suitable for heavy-duty rotary dial applications.

The rotary indexer market is categorized by application into several segments, including machine tools, semiconductors, medical packaging, automated welding, robotics, and assembly cutting system. Among these segments, the machine tools segment had the largest market share in 2020 due to its extensive application in different industries such as manufacturing, aerospace, metal & mining, marine, electricals and electronics, healthcare, and consumer durables. Rotary indexers are used in a wide range of assembly, test, and inspection applications, making their application widespread. The recent technological advancements, such as programmable applications to ensure the correct movement profiles, have contributed to improving the productivity of assembly lines.

The rotary indexer market is categorized by end-use industry into automotive, medical & healthcare, electronics, transportation, and aerospace. The automotive industry had the largest market share in 2020. Rotary indexers are extensively used to precisely position medium-sized parts in various machining operations such as drilling, tapping, milling, contouring, and spiral milling. Therefore, the increasing adoption of rotary indexers by the manufacturing industry is creating significant demand for rotary indexers, which is driving market growth.

During the COVID-19 pandemic, the automotive, electronics, and aerospace industries in the Asia Pacific region were greatly affected, which had a negative impact on the rotary indexer market. However, with the relaxation of lockdown measures in 2021, trade activities resumed, resulting in the restoration of transportation facilities. In India, for example, the manufacturing and Micro, Small & Medium Enterprises (MSME) sectors are anticipated to experience growth due to a favorable government budget for 2022-2023, which is expected to further stimulate the country's economy.

The Asia Pacific rotary indexer market held the largest market share in 2020, with significant growth observed in the automotive industry. Several government initiatives promoting regional automotive manufacturing across Asia Pacific led to rapid growth in the sector. China, for instance, recorded the highest number of vehicle manufacturers globally, with 310,000 commercial and 1.77 million passenger cars produced in 2020. Such initiatives include policies aimed at attracting foreign direct investment (FDIs), subsidies, tax rebates, and other fund allocations. As a result, these efforts have attracted global players to set up their manufacturing facilities in the region. Furthermore, the adoption of automated solutions, coupled with the growth in electronics product manufacturing across the region, has contributed to the growth of the Asia Pacific rotary indexer market.

A few of the major key players operating in the global rotary indexer market are Colombo Filippetti S.p.A; Nabtesco Corporation; FIBRO India; Haas Automation, Inc; TUNKERS Maschinenbau GmbH; Goizper Group; Camfield Engineers; Motion Index Drives Inc; Nexen Group, Inc.; Packam Controls; Sankyo Automation; Square Automation; TAKTOMAT; CKD Corporation; WEISS GmbH; DESTACO (Dover Corporation); Bettinelli F.lli S.p.A.; Festo; Guangdong Saini Intelligent Equipment Technology Co., Ltd.; and HepcoMotion. Companies in the rotary indexer market are implementing various strategies, such as research and development, mergers, and acquisitions, to increase their customer base and gain a considerable share in the global market. These strategies also help them maintain their brand reputation across the world.

The global rotary indexer market size has been determined through a comprehensive research approach that incorporates both primary and secondary sources. The research process began with extensive secondary research using both internal and external sources to gather qualitative and quantitative data related to the market. Subsequently, numerous primary interviews were conducted with industry participants to corroborate the information and gain further analytical insights. These participants included industry experts such as business development managers, market intelligence managers, VPs, national sales managers, and external specialists like research analysts, key opinion leaders, and valuation experts who specialize in the rotary indexer industry. The rotary indexer market analysis report offers a detailed assessment of current market insights and upcoming market trends, which assists key players in devising effective strategies to achieve greater market share.