Global Inspection Machine Market- Global Forecast To 2024
Fully automated inspection machines segment to account for the largest share of the inspection machines market, by type, in 2019
The fully automated machines segment is expected dominate the inspection machines market, by type, in 2019. The large share of this segment can majorly be attributed to advantages offered by fully automated inspection machines (such as high-throughput, maximum inspection accuracy, high detection rate, and compliance with high-standard regulations), growing demand for quality requirements as part of the zero-error strategy, and the increasing adoption of automated machines by various end users.
Pharmaceutical & biotechnology companies are estimated to be the largest end users of inspection machines in 2019
Pharmaceutical & biotechnology companies are expected to account for the largest share of the inspection machines market, by end user, in 2019. The large share of this segment can majorly be attributed to stringent government regulations regarding packaging quality and the increasing need to combat counterfeit pharmaceutical products, product recalls, and the prevention of loss of business revenue.
APAC market is estimated to grow at the highest CAGR during the forecast period
The inspection machines market in the APAC is estimated to grow at the highest CAGR during the forecast period. The high growth in this regional market can be attributed to factors such as the increasing number of regulatory mandates to maintain compliance with Good Manufacturing Practices; growing number of pharmaceutical & biotechnology manufacturers; significant growth in the pharmaceutical, food processing & packaging, and medical device industries; and favorable government initiatives to promote the inspection of products in the pharmaceutical and biopharmaceutical industries in several Asia Pacific countries.
The prominent players operating in the global inspection machines market are ACG Worldwide (India). Körber AG (Germany), METTLER TOLEDO International Inc. (US), Brevetti C.E.A SPA (Italy), Teledyne Technologies (US), Cognex Corporation (US), Omron Corporation (Japan), Mitsubishi Chemical Holdings Corporation (Japan), Jekson Vision Private Limited (India), Thermo Fisher Scientific (US), Antares Vision (Italy), OPTEL Group (Canada), and Robert Bosch GmbH (Germany).
Robert Bosch GmbH
Robert Bosh GmbH is the leading provider of inspection machines across the globe. The company offers an extensive and strong portfolio, including automatic & semi-automatic inspection machines, checkweighers, and metal detectors. It also has a wide geographic presence with strong distribution channels to offer its products and services in approximately 150 countries across the globe.
Europe and North America are important target markets for the company. Robert Bosh is primarily focused on organic growth strategies such as product launches and expansion to enhance its market position. For instance, in May 2017, the company launched the KLV Series for leak detection. For growth in emerging countries, Robert Bosh focuses on expanding its product portfolio and equipment in the mid-range performance segment. The company invested USD 8.21 billion on R&D activities in 2017, up from USD 7.26 billion in 2016. These high investments in R&D allow the company to develop advanced products that cater to the needs of end users. The company also uses a multi-channel approach, including direct sales, electronic commerce, resellers, manufacturers' representatives, and distributors to market its products to its end users.
Körber AG is a leading provider of comprehensive inspection machines, including automatic and semi-automatic products for pharmaceutical and biopharmaceutical product supply chain efficiency. The company continuously increases its depth of capabilities in technologies and software & services, leveraging its extensive global channels to address the emerging needs of its customers. With a strong and wide geographic presence in North America, Latin America, Europe, Asia, and the Middle East & Africa, the company has a huge network of partners across the globe.
In order to capture greater market share, the company mainly focuses on strategic acquisitions and expansions. For instance, in 2017, Körber AG acquired Systec & Services GmbH (Germany) to strengthen its pharma systems business. However, the company could also focus on other strategies such as product launches and partnerships & agreements to further strengthen its position in the market.
- In April 2019, METTLER-TOLEDO International Inc. launched the Tablex-Pro metal detection systems to enhance its portfolio in the inspection machines market.
- In December 2018, Antares Vision and ALP.I SPAC signed an agreement to merge both the companies by February 2019 to provide support for pharmaceutical companies and accelerate the growth path undertaken by Antares Vision for the inspection machines market.
- In April 2017, Körber AG acquired Fargo Automation Inc. (US). This acquisition strengthened Körber’s pharma systems business and extended its offerings for pharmaceutical and biopharmaceutical customers in the North American market.
- In September 2016, Robert Bosh GmbH planned to invest more than USD 113.5 million (EUR 100 million) on Indian manufacturing and development locations. This will help the company to establish its position in the Indian market.
2 Research Methodologies
3 Executive Summaries
4 Premium Insights
4.1 Inspection Machines: Market Overview
4.2 Inspection Machines Market, By Product
4.3 Inspection Machines Market, By Type
4.4 Inspection Machines Market, By Packaging Type
4.5 Inspection Machines Market, By End User
5 Market Overview
5.2 Market Dynamics: Impact Analysis
6 Industry Analysis
6.1 Industry Trends
6.2 Value Chain Analysis
6.3 Porter’s Analysis
7 Inspection Machines Market, By Product
7.2 Vision Inspection Systems
7.3 Leak Detection Systems
7.4 X-Ray Inspection Systems
7.5 Combination Systems
7.7 Metal Detectors
7.9 Other Inspection Systems
8 Inspection Machines Market, By Type
8.2 Fully Automated Inspection Machines
8.3 Semi-Automated Inspection Machines
8.4 Manual Inspection Machines
9 Inspection Machines Market, By Packaging Type
9.2 Ampoules & Vials
10.2 Pharmaceutical & Biotechnology Companies
10.3 Medical Device Manufacturers
10.4 Food Processing & Packaging Companies
10.5 Other End Users
11 Inspection Machines Market, By Region
11.2 Asia Pacific
11.4 North America
11.6 Latin America
11.7 Middle East & Africa
12 Competitive Landscapes
13 Company Profiles
(Business Overview, Products & Services, Financials, Key Developments)*
13.1 Robert Bosch GmbH
13.2 Brevetti C.E.A. SPA
13.3 Körber AG
13.5 Teledyne Technologies Incorporated
13.6 Omron Corporation
13.7 Mitsubishi Chemical Holdings Corporation
13.8 Cognex Corporation
13.9 Jekson Vision Private Limited
13.10 Thermo Fisher Scientific
13.11 Antares Vision
13.12 OPTEL Group
13.13 ACG Worldwide
*Details Might Not Be Captured in Case of Unlisted Companies.