Industrial Dispensing System and Equipment Global Market Report 2024

The industrial dispensing system and equipment market has grown strongly in recent years. It will grow from $15.28 billion in 2023 to $16.54 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The expansion observed in the historical period can be attributed to factors such as the automation of manufacturing processes, the imposition of stringent quality and compliance standards, the growth in the electronics manufacturing industry, increased utilization of adhesives and sealants, and a heightened demand for faster production cycles.

The industrial dispensing system and equipment market is expected to see strong growth in the next few years. It will grow to $21.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be attributed to a focus on lightweight materials in aerospace applications, increased adoption in renewable energy manufacturing, a rising demand for consumer electronics, and a focus on high-performance coatings. Key trends expected in the forecast period involve the integration of Industry 4.0, customization and flexibility in manufacturing processes, the integration of vision systems, the use of collaborative robots (cobots), the digitalization of dispensing processes, and advancements in rapid cure technologies.

The anticipated rise in demand from chemical industries is set to drive the growth of the market for industrial dispensing systems and equipment. The chemical industry encompasses a vast sector comprising companies engaged in the production of industrial chemicals. In chemical industries, dispensing systems play a crucial role in controlling and monitoring chemical consumption. According to the European Chemical Industry Council, global chemical sales surged to $4,429 billion (€4,026 billion) in 2021, reflecting a 15.2% increase compared to the previous year. This surge in demand from chemical industries is a key factor fueling the expansion of the industrial dispensing system and equipment market.

The growing demand in the automotive industry is expected to be a driving force behind the expansion of the market for industrial dispensing systems and equipment. The automotive industry encompasses a collective set of businesses involved in the design, development, manufacturing, marketing, and sale of motor vehicles. Industrial dispensing systems and equipment bring significant advantages to the automotive industry by enhancing precision, efficiency, and overall manufacturing quality, contributing to cost savings, and promoting environmental sustainability. According to the European Automobile Manufacturers Association, global motor vehicle production reached 85.4 million units in 2022, indicating a significant increase of 5.7% compared to the previous year. Additionally, in 2022, the automobile sector achieved approximately 78 million unit sales, marking a substantial 10% increase. Thus, the escalating demand in the automotive industry is a driving factor for the growth of the industrial dispensing system and equipment market.

Technological advancements represent a key trend gaining traction in the industrial dispensing system and equipment market. Major companies in this industry are adopting new technologies to maintain their competitive edge. For instance, Dover Fueling Solutions, a US-based automation machinery manufacturing company, introduced clean energy portfolio technology in July 2022. This technology is utilized in a four-nozzle Wayne-Helix 6000 II CNG fluid dispenser, featuring an improved user interface and showcasing the company's commitment to providing premium alternative energy options.

Leading companies in the industrial dispensing system and equipment market are focused on introducing innovative products, such as high-speed dispensing systems, to drive revenues. A high-speed dispensing system refers to precision technology designed for accurately and rapidly dispensing liquids, adhesives, or other substances in manufacturing and industrial processes. Techcon, a brand under OK International Corporation, launched the TS9800 series jet valve dispensing system in March 2022. This system, comprising the TS9800 piezo-actuated jet valve and the TS980 smart controller, offers faster, more precise, and more efficient dispensing solutions across various industries, supporting enhanced productivity and product quality.

In June 2022, Silgan Holdings Inc., a US-based containers packaging and manufacturing company, completed the acquisition of the dispensing business of Albea Group for $900 million. With this acquisition, Silgan Dispensing is poised to strengthen its growth aspirations by integrating Albéa's product line for Fragrance and Skin Care solutions with its existing market-leading solutions for Personal Care, Home Care, Fragrance, and Lawn and Garden applications. Albea Group, a France-based pharma, beauty, and personal care packaging company, operates in the industrial dispensing system and equipment business.

Major companies operating in the industrial dispensing system and equipment market report are Automation Alternatives Inc., Dymax Corporation, Fisnar Inc., GDP Global, Graco Inc., Hernon Manufacturing Inc., IMI Cornelius Inc., Franklin Fueling System, Techcon Systems Inc., Wayne Fueling Systems, Delo Industrial Adhesives, Nordson Corporation, Jensen Group, Hydro Systems, Weatherchem Corporation, Global Closures System, Hitachi High-Technologies Corporation, ViscoTec Pumpen- u. Dosiertechnik GmbH, Scheidt & Bachmann GmbH, Tominaga Manufacturing Co. Ltd., SANKI Petroleum Technology Co. Ltd., Semco Inc., Liquid Control Corporation, EFD International Inc., Henkel AG & Co. KGaA, Sulzer Mixpac AG, DOPAG Dr. O. Frehn GmbH & Co. KG, Musashi Engineering Inc., Dürr AG, SCA Schucker GmbH & Co. KG.

North America was the largest region in the industrial dispensing system and equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global industrial dispensing system and equipment market during the forecast period. The regions covered in the industrial dispensing system and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial dispensing system and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary product types within the category of industrial dispensing systems and equipment include glue and sealant dispensing systems, liquid material dispensers, and powder product dispensers. Liquid material dispensers cover the nanoliter, microliter, and milliliter ranges, ensuring precise dispensing into microplates or tubes. These dispensing devices operate in semi-automatic and fully-automatic modes and are distributed through both online and offline channels. They find applications across various end-user industries, including automotive, personal care, pharmaceuticals, food and beverages, and others.

The industrial dispensing system and equipment market research report provides an industrial dispensing system and equipment optical components market statistics, including industrial dispensing system and equipment optical components industry global market size, regional shares, competitors with an industrial dispensing system and equipment optical components market share, detailed industrial dispensing system and equipment optical components market segments, market trends and opportunities, and any further data you may need to thrive in the industrial dispensing system and equipment optical components industry. This industrial dispensing system and equipment optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The dispensing system and equipment market consists of sales of foot control, manual driven, multiple dispensing, power driven, programmable microprocessor, spray system, and suck back control. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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