Precision positioning equipment Market Outlook - 2027
A precision positioning equipment is used for the handling of the different materials at the shop floor. The equipment used for this purpose is known as precision positioning equipment market. Precision positioning is preferred over manual positioning because precision positioning gives more benefits such as improved productivity of worker, better work quality, and high material handling speed, less damage to the material due to precise positioning and less injuries to the workers. There are different types of precision positioning equipment such as lift turn table, dock leveler, goniometer, and positioning tables, linear motion rollers, balancer, hoist, robots. Precise positioning equipment are becoming automated with the use of technologies.
COVID-19 scenario analysis:
- The demand for precision positioning equipment is expected to decrease in the year 2020 due to low demand from manufacturing and electronic industry due to the lockdown imposed the government of many countries.
- COVID-19 pandemic has shut-down the production of various products in the precision positioning equipment industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of precision positioning equipment market significantly from last few months, as is likely to continue during 2020.
- COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year.
- The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting the demand for equipment and machinery.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
- Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.
Top impacting factors:
Considering the technological advancement in different sectors, automated work has taken the place of manual work. Hence, there is less number of human errors, better quality of work and more efficiency is experienced. Many companies are using precision positioning equipment for material handling so that less manpower is required and the errors can be avoided. Also, by using the precision positioning equipment material quality is maintained unlike in manual handling. Use of these equipment also resulted in better work efficiency or better results have been recorded.
There are various precision positioning equipment such as:
- Lift table: When there is requirement of lifting of material then lift tables are used. If the weight of the material is more than the worker’s limit of lifting, then industries use the lift table. Lift table is generally operated by hydraulic system.
- Dock leveler: To neglect the difference in heights of the dock and the truck bed, dock leveler is used. Sometimes, there is possibility that the dock and the truck bed has large height difference. Then the use of dock leveler proves to be effective.
- Hoist: Generally hoist system is used for vertical movement of the material. Vertical movement includes lifting and lowering of material.
- Industrial robots: In many industries, industrial robots are being used as precision positioning equipment. In Industrial robots, program has been saved according to the desired movement of material. Then as per the program, robot performs the movement of material.
Use of new technology:
Today’s industry involves the use of computing and automation in almost every sector. This revolution is generally termed as the Industry 4.0. This industry 4.0 includes many things such as Internet of things (IoT), cloud computing, robotic automation, artificial intelligence and machine learning. This industry 4.0 can help the precision positioning equipment market to grow. Companies are more inclined towards the precision positioning of material as compare to the manual handling. This is going to be the key factor in the growth of precision positioning equipment market during the forecasting period.
Amazon uses the robotic system named as Amazon robots in its warehouse. Amazon robots are used for various purposes such as movement of packed order boxes which are needed to be kept at specific position. Amazon also uses the robotic arm known as palletizers. These robotic arms comes with the gripper, hence these are used for the lifting purpose of heavy materials.
Restraining factors for the growth of precision positioning equipment market:
Though technological advancement in precision positioning equipment is the driver for the growth of the market, there are some factors which can restrain the growth. Because of the automation, cost of precision positioning equipment increases, hence some companies prefer the conventional manual method for the positioning of material, which in turn can be the restraining factor for the growth for precision positioning equipment market.
Key benefits of the report:
- This study presents the analytical depiction of the precision positioning equipment market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- The report provides a detailed precision positioning equipment market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the precision positioning equipment market research report:
- What are the leading market players active in the precision positioning equipment market?
- What are the driving factors, restraints, and opportunities in the market?
- What are the different segments in the market?
- What are the applications of precision positioning equipment?
Precision positioning equipment Market Report Highlights
Key Market Players
halstrup-walcher GmbH, Aerotech, Inc., IKO International, Inc., Sumitomo Heavy Industries, Ltd, Physik Instrument (PI) GmbH & Co. KG., US EuroTek, Inc., Griffin Motion, LLC, PhysikInstrumente (PI) GmbH & Co. KG., Microwave Vision Group,, ARC Specialties