Market Size of Global Assembly Line Solutions Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.50 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Assembly Line Solutions Market Analysis
The Global Assembly Line Solutions Market is expected to grow at a CAGR of more than 5.5% during the forecast period (2022 -2027). Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in disruptions in availability of labour in manufacturing companies and companies started to invest in automation of assembly line.
American assembly lines have seen significant changes since Henry Ford first used them to innovate the automobile manufacturing in the early 20th century. Today's assembly lines are fast-paced work environments operating on tight schedules to meet ever-increasing volume goals. Meanwhile, increased automation has nearly eliminated the need for low-skill labour in favour of highly skilled workers who monitor, maintain, and improve on existing automation solutions.
An assembly automation system is a dedicated system utilizing mechanized and automated devices for producing goods and performing various functions in an assembly line. Its basic functionality is an organized approach of assembling goods which is partly automated and partly controlled by humans. For this purpose, automated assembly system performs a series of automated operations for combining multiple components into a single unit which can be used as a final product or sub assembly. Assembly automation is the application of robotics, software, digitalized data, and plant design engineering to manufacturing processes in order to minimize manual labour requirements while maximizing efficiency, safety, and output.
