The rotary indexer market is projected to increase from US$ 654.90 million in 2021 to US$ 883.96 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.4% during this period.
Rotary indexers play a crucial role in mechanical engineering, precision measurement, machine assembly, and inspection, allowing for the rotation of objects to predetermined positions for processing. These devices find applications across various sectors, including automotive, bottling, microchip manufacturing, pharmaceuticals, and consumer goods. The rising demand for automated welding solutions in these industries, fueled by the global need for welding products and services, is expected to positively impact the rotary indexer market. This trend is particularly evident in areas such as automated welding, medical packaging, and assembly cutting systems. The ongoing shift towards automation in manufacturing, combined with technological innovations, is anticipated to create significant growth opportunities in the future. Additionally, the increasing need for energy-efficient solutions to enhance production processes worldwide is driving the demand for high-precision automated systems, with rotary indexers being favored for their accuracy, torque, longevity, and minimal maintenance needs. As the requirement for assembly systems in sectors like food and beverages, automotive, aerospace, and healthcare rises, the rotary indexer market is set to grow. The implementation of automated processes enables production industries to boost efficiency and lower product lifecycle costs. These advantages, along with the superior features of precision rotary indexers compared to traditional models, are expected to propel the growth of the rotary indexer market.
The rotary indexer market is segmented by type into heavy-duty and light-duty rotary indexers. The heavy-duty rotary indexer segment dominated the market in 2020. This type is characterized by a 4-point contact bearing that provides a large output mounting surface, allowing it to handle significant thrust and moment capacities. Its robust and compact design features a large dial plate and center hole, making it ideal for heavy-duty rotary applications.
Applications of rotary indexers are categorized into several segments, including machine tools, semiconductors, medical packaging, automated welding, robotics, and assembly cutting systems. The machine tools segment held the largest market share in 2020, owing to its extensive use across various industries such as manufacturing, aerospace, metal and mining, marine, electrical and electronics, healthcare, and consumer goods. Rotary indexers are integral to numerous assembly, testing, and inspection processes, leading to their widespread application. Recent technological advancements, including programmable applications that ensure accurate movement profiles, have significantly enhanced assembly line productivity.
In terms of end-use industries, the rotary indexer market is divided into automotive, medical and healthcare, electronics, transportation, and aerospace. The automotive sector accounted for the largest market share in 2020. Rotary indexers are extensively utilized for the precise positioning of medium-sized components in various machining tasks, including drilling, tapping, milling, contouring, and spiral milling. Consequently, the growing adoption of rotary indexers within the manufacturing sector is driving substantial demand and market growth.
The COVID-19 pandemic had a considerable adverse effect on the automotive, electronics, and aerospace sectors in the Asia Pacific region, negatively impacting the rotary indexer market. However, with the easing of lockdown restrictions in 2021, trade activities resumed, leading to the restoration of transportation services. In India, for instance, the manufacturing and Micro, Small & Medium Enterprises (MSME) sectors are expected to grow due to a favorable government budget for 2022-2023, which is likely to further stimulate the economy.
The Asia Pacific region held the largest share of the rotary indexer market in 2020, with notable growth in the automotive sector. Various government initiatives aimed at promoting regional automotive manufacturing have spurred rapid sector growth. For example, China reported the highest number of vehicle manufacturers globally, producing 310,000 commercial vehicles and 1.77 million passenger cars in 2020. These initiatives include policies designed to attract foreign direct investment (FDI), subsidies, tax incentives, and other financial allocations. Consequently, these efforts have drawn global companies to establish manufacturing operations in the region. Furthermore, the rise of automated solutions, along with the expansion of electronics product manufacturing in the area, has contributed to the growth of the rotary indexer market in Asia Pacific.
Key players in the global rotary indexer market include 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 this market are employing various strategies, including research and development, mergers, and acquisitions, to expand their customer base and secure a significant share of the global market. These strategies also help maintain their brand reputation worldwide.
The global rotary indexer market size has been established through a thorough research methodology that includes both primary and secondary sources. The research process commenced with extensive secondary research utilizing both internal and external sources to collect qualitative and quantitative data related to the market. Following this, numerous primary interviews were conducted with industry participants to validate the information and gain deeper 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 specializing in the rotary indexer industry. The rotary indexer market analysis report provides a comprehensive evaluation of current market insights and emerging trends, assisting key players in formulating effective strategies to enhance their market share.