Industrial Dispensing System and Equipment Market Size, Share and Trends 2024 to 2034

Industrial Dispensing System and Equipment Market Size and Forecast 2024 to 2034

The global industrial dispensing system and equipment market size is worth around USD 9.72 billion in 2024 and is anticipated to reach around USD 18.62 billion by 2034, growing at a solid CAGR of 6.71% over the forecast period 2024 to 2034. The rising industrialization across the countries and the machinery that provides accurate dispensing solutions drive the growth of the industrial dispensing system and equipment market.

Industrial Dispensing System and Equipment Market Key Takeaways

• North America dominated the market in 2023.
• Asia Pacific is anticipated to grow at a significant rate during the forecast period.
• By product, the liquid material dispensers segment led the market in 2023.
• By operation mode, the fully automatic segment registered its dominance over the industrial dispensing system and equipment market in 2023.
• By end-use, the automotive segment is projected to expand rapidly in the market in the coming years.
• By distribution channel, the direct sales segment is predicted to witness significant growth in the market over the forecast period.

Market Overview

The industrial dispensing system and equipment are important parts of the industry. These types of machines or equipment are used to dispense the accurate amount of liquid, such as glues, chemicals, sealants, powder products, and liquid products. The rising industrialization, such as healthcare, pharmaceutical, automotive, consumer goods, personal care, and others, drives the demand for dispensing systems and equipment in industrial operations. The industrial dispensing system and equipment increase efficiency in the workplace. The industrial dispensing system and equipment are continuously used by the manufacturing sectors. These devices are manufactured by manual dispensing.

Industrial Dispensing System and Equipment Market Trends

The global manufacturing value added per capita is expanded by $1879 in 2022 from $1646 in 2015. Northern America and Europe reached their highest with $5093 in 2022, with the manufacturing value added (MVA) per capita in the least developed countries (LDCs) reaching $159. The share of manufacturing as a proportion of GDP has increased in LDCs from 12.1 percent in 2015 to 14.0 percent in 2022. The Asian LDCs are making significant progress, while African LDCs need to change their acceleration to meet the target by 2030.

Industrial Dispensing System and Equipment Market Growth Factors

• Industrial development: The rising industrialization in economically developing countries for catering to the demand for goods and products is collectively driving the adoption of the industrial dispensing system and equipment.
• Economic development: The rising economic development in the countries drives the employment rate, and industrial development drives the demand for automation and technologies in the industries.
• Technological advancements: The rising research and development activities in the innovations and development of technologies in the industrial machinery and equipment that help in enhancing productivity and efficiency.
• Rise in the manufacturing sector: The increasing industrialization and the investment in the development of manufacturing units to increase the production capacity of specific goods and products are accelerating the growth of the industrial dispensing system and equipment market.
• Increasing population: The rising population globally is anticipated to increase the demand for industrialization, which creates the demand for the dispensing system for the accuracy and precise mode of operations.

How can AI impact the Industrial Dispensing System and Equipment Market?

Artificial intelligence could enhance industrial operations with greater efficiency and productivity. The adaptation of smart technologies such as AI, IoT, machine learning, sensors, and others in the industries. In many industries, AI integration into robotic dispensing systems is revolutionizing overall operations. The integration of robotics in the dispensing system enhances accuracy, streamlines the process, increases overall efficiency, reduces errors, and allows professionals to focus more on industrial operations. Accuracy and precision in operation are the major advantages of AI in robotic dispensing systems. The robotic dispensing system is equipped with advanced algorithms that meticulously measure medication dispense and minimize the risk of human errors.

• In October 2023, JVM, an affiliate of Hanmi Science, launched the next-generation automated drug dispensing machine featuring the robotic arm in the European market.
• Dr. Fyeno, founded by Mr. Manish Soni, launched i-Pal – a contactless dispensing system to enhance operations and in-store conversions and provide precise optical solutions.

Market Scope

Market Dynamics

Driver

Rising demand for industrial dispensing systems and equipment by the pharmaceutical industry

The rising population and the increasing geriatric population are driving the demand for the healthcare and pharmaceutical industry. The rising adoption of dispensing machines in the pharmaceutical industry is a result of providing accurate dosages to patients. In the pharmaceutical manufacturing units, the dispensing system and equipment play an essential role in producing medication with precise and accurate formulas. In the pharmaceutical industries, vending machines are used as the dispensing system for drug and dietary supplement manufacturing plants. The dispensing machine saves the pharmaceutical industry overhead costs. This involves significant consumption of in-house storage resources. The rising investment in the development of the pharmaceutical and healthcare sector across the world is highly contributing to the expansion.

Restraint

High cost of maintenance

The higher cost of the industrial dispensing system and equipment installation and maintenance of the system limit the adoption of the system by small and medium-scale industries and restrain the growth of the industrial dispensing system and equipment market.

Opportunity

Advancements in the industrial dispensing system and equipment

The adoption of technologies such as the Internet of Things (IoT) revolutionizes industrial dispensing systems and equipment, resulting in better operations and productivity in industries. The evaluation of smart dispensing machines uses IoT, which enables remote monitoring, real-time inventory tracking, and data analytics. With the advancement in technologies, industrial operators manage more efficiency and ensure that they are operational and stocked. Furthermore, the rising research and development activities in the expansion of industrial technologies are emerging as a potential opportunity in the growth of the industrial dispensing system and equipment market.

Product Insights

The liquid material dispensers segment led the industrial dispensing system and equipment market in 2023. The growth of the segment is attributed to the rising demand for liquid material dispensing, such as chemicals, glue, and other liquid waste from a wide range of industries. The rising population and urbanization are driving the demand for industrialization, such as automotive, healthcare, pharmaceutical, consumer goods, electronics, personal care, and others, and are driving the demand for dispensing systems and equipment. The liquid dispenser is a major component in many industries. It dispenses a fixed amount of liquid material, including coatings, paints, and others, which is majorly used in the different types of manufacturing industries.

Operation Mode Insights

The fully automatic segment registered its dominance over the industrial dispensing system and equipment market in 2023. The rising demand for industrialization and the continuous rise in the demand for products and goods drive the adoption of automation in industries for faster operations. The rising industrial development in the economically developing countries and the adaptation of the technologies in the industries. The fully automatic dispensing offers different types of dispensing tasks reliably. The fully automatic dispensing system offered several advantages in the industries, such as accuracy in placements, sophisticated dispensing capabilities, and great consistency. Automation enhances production capacity, consistent accuracy, and uneven surface, reduces manufacturing time, and improves product quality.

End-use Insights

The automotive segment is projected to expand rapidly in the industrial dispensing system and equipment market in the coming years. Automotive and industrial manufacturing units are adopting the dispensing system highly. Industries are using dispensing machines in a wide range of applications related to dispensing adhesives, resins, foams, varnishes, sealants, thermally conductive compounds, oils, and others. In the process of manufacturing modern cars, there is a higher consumption of oil and chemicals than in the traditional manufacturing process. The rising adoption of dispensing machines in the automation process increases production efficiency. The use of dispensing systems in the automotive industries offers increased productivity and efficiency, minimizing waste and ensuring the quality of the products.

Distribution Channel Insights

The direct sales segment is predicted to witness significant growth in the industrial dispensing system and equipment market over the forecast period. The increasing adoption of direct sales channels for the industrial dispensing system by the industries owing to the higher transparency in the buying process. The direct sales channel provides better discounts with maintenance.

Regional Insights

North America dominated the industrial dispensing system and equipment market in 2023. The growth of the market is attributed to the rising investment in industrialization and the availability of the major manufacturing industries, which are driving the growth of the market. The rising adaptation of technologies and automation in the industrial process and in different applications for increasing productivity and efficiency and the use of machinery in the industrial process for precise and accurate operations are collectively driving the growth of the industrial dispensing system and equipment market in the region.

• The manufacturing industry contributed over $2.3 trillion to the United States GDP, amounting to 11.4 % of the total U.S. GDP. The manufacturing industry contributed 24% of GDP with the addition of direct and indirect value.
• The manufacturing industry covers 9.6% of the country's employment, with 15.2 million employees in the United States, as per the data from the Current Population Survey.
• The average compensation in the U.S. manufacturing industry is 6.3% higher than that of the total private industry. Manufacturing accounted for 76.6% of total environmental impacts in the U.S., according to the NIST’s Manufacturing Cost Guide.

Asia Pacific is anticipating significant growth during the forecast period. The growth of the market is attributed to the rising demand for industries to cater to the demand for industrial goods and products by the population. The region consists of the largest population countries, such as India and China, which anticipated the higher demand for the industries. The rising adoption of industrial machinery, systems, and equipment to increase efficiency in operations is anticipated to drive the growth of the region's industrial dispensing system and equipment market.

Industrial Dispensing System and Equipment Market Companies

• Automation Alternative Inc.
• DELO
• Dymax Corporation
• Fisnar Inc.
• GDP global
• Graco Inc
• Hernon Manufacturing Inc.
• Hitachi High-Tech Corporation
• Nordson Corporation
• ViscoTec

Recent Developments

• In May 2024, Graco Inc., a major manufacturer of fluid handling equipment, launched the Pulse® Asset. An extension of Graco’s proven Pulse Pro Fluid Management system, it is the platform-based system that features programmable ID tags for tracking the machines getting files, what amount of fluid is used, and who and when the dispensing occurred.
• In September 2024, Kimberly-Clark Professional launched the WypAl® Midi-Roll, the latest surface wiping solution, while expanding its range of WypAll cleaning and wiping products. The product is specially designed to meet the requirements across all segments of industry and manufacturing.
• In June 2024, Intertronics, an Adhesives and dispensing equipment supplier, launched the THINKY ARE-312, an industrial planetary mixer that can mix, degas liquids, defoam, powder, and paste in seconds to minutes to produce a homogenous and uniform mix.

Segments Covered in the Report

By Product

• Glue and Sealant Dispensing Systems
• Liquid Material Dispensers
• Powder Product Dispensers
• Operation Mode Insights
• Semi-Automatic
• Fully-Automatic

By End-use

• Automotive
• Personal Care
• Food and Beverages
• Pharmaceutical
• Others 

By Distribution Channel

• Direct Sales
• Indirect Sales

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa