CURVED GUIDE RAIL MARKET REPORT OVERVIEW
The Curved Guide Rail market size is estimated to be worth USD 137 million in 2022 and is forecast to be a readjusted size of USD 247.65 million by 2032 with a CAGR of 6.8% during the forecast period.
Curved guide rails are used when motion is not performed in a single straight line but in a smooth curved line. They can be used in conveyor belts, materialism handling equipment and also machinery. They allow more stability, and precise and accurate guidance for the moving parts which would be hard to achieve through conventional rotary and linear motions
COVID-19 Impact: Market Growth Restrained By Pandemic Due To Trade and Transport Restrictions and Supply Chain Disruptions
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the fall in CAGR is attributable to the increasing need for health-promoting products.
The sudden lockdown, trade and transport restrictions, supply chain disruptions and economic downturn as well as stock market crashes all led to a decline in Curved Guide Rail Market Size.
LATEST TRENDS
Rise in automation boosts market growth
A growing market trend is the rise in automation and robotics in the manufacturing process. This automation and integration of new technology such as IoT(Internet of Things) and digitalisation, further improves their efficiency and productivity and hence boosts market growth.
CURVED GUIDE RAIL MARKET SEGMENTATION
By Type
- Linear Part: the linear guide rails guide the motion in a straight line
- Curved Part: Curved guide rails guide the machines around loops and bends in a 360 degree motion. They have great demand in automotive, manufacturing and logistics
By Application
- Food: Here they help in transporting items such as bottles and containers
- Cosmetic: They help in maintaining a precise position of the item during packaging
- Medicine: Here they help to safely transfer pharmaceutical products
- Battery: Here they help to assemble and transport battery components
DRIVING FACTORS
Rise in automation and digitalisation boosts market growth
One of the driving factors which help promote Curved Guide Rail Market Growth is the rapid automation, digitalisation and integration of IoT (Internet of Things) in the manufacturing and shipping processes. New innovations and customisation of products help in reaching a wider customer base and automation helps companies to become more efficient and productive.
Expanding global infrastructure promotes market growth
Another driving factor is the expanding infrastructure and development of more and more manufacturing centres across the world. For example the construction industry has seen a rise in demand for curved guide rails, to be used in escalators, elevators and moving walkways.
RESTRAINING FACTOR
High installation and maintenance costs impede market growth
High initial installation and maintenance costs as well as requirement of high skill to operate these products may reduce the profit margins of these products and therefore impede market growth.
CURVED GUIDE RAIL MARKET REGIONAL INSIGHTS
Rapid industrialisation and solid infrastructure helps Asia Pacific dominate the market
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
Asia Pacific dominates the market holding a large portion of Curved Guide Rail Market Share due to rapid urbanisation and industrialisation as well as solid infrastructure and presence of several key market players here.
KEY INDUSTRY PLAYERS
Major industry players are pivotal in shaping the distribution system market, driving change through a dual strategy of continuous innovation and a well-thought-out global presence. By consistently introducing inventive solutions and staying at the forefront of technological progress, these key players redefine the industry's standards. Simultaneously, their expansive global reach enables effective market penetration, addressing diverse needs across borders. The seamless blend of groundbreaking innovation and a strategic international footprint positions these players as not only market leaders but also as architects of transformative shifts within the dynamic domain of the distribution system.
List of Market Players Profiled
- HepcoMotion (US)
- ASAHI SEIKO (Japan)
- Schaeffler (Germany)
- Rollon (Italy)
- Bishop-Wisecarver (US)
- SAIBO (Japan)
INDUSTRIAL DEVELOPMENT
2020 HepcoMotion launched the PRT2 Curved Guides,Rings and Segments. These products provide accurate peripheral guidance in 360° or segmental motion, offering an effective alternative to slewing rings or turntables. They are more efficient, excellent for rotary applications as well as an alternative to slewing rings.
REPORT COVERAGE
This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Curved Guide Rail Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.
This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.
