Global Friction Feeders Market - 2022-2029
Market Overview
The friction feeder is an automatic feeding machine for dispensing and feeding flat products that can be placed with the highest precision at a selected point. It is used in various end-user applications on an extensive scale. The friction feeders are witnessing increased demand from the various industries globally. In addition, the food and beverage industry, carton manufacturers, contract packers, pharmaceutical industry, and mailing industry. Thus, the increased adoption from several industries further creates huge demand and as a result the market is expected to grow in the coming years. Thus, owing to these benefits the demand for friction feeders among the consumers has propelled growth of the market globally.
The global friction feeders market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 4.85% during the forecast period (2022-2029).
Market Dynamics: Growth in demand of feeders along with rise in research & developments is driving the growth of global friction feeders market
The rising demand for improved reliability and efficient machines is the major factor propelling the market growth; in addition, the renewable energy integration also boosts the market demand across the globe over the forecast period. In addition, the various product advancements by the market players further extend profitable opportunities to the market players in the forecast period. Additionally, the continuous research and development activities will further expand the future growth of the friction feeders market.
However, the lack in implementation because of high costs and standards may create hindrances for the growth of the friction feeders market.
Market Segmentation: AF-300 Advanced Feeder Compact stands for the highest share in global friction feeders market
In 2021, the AF-300 advanced feeder compact dominated the market and accounted for YY share of the global revenue. The AF-300 Advanced Feeder compact friction feeder is a flexible and easy to use system for flat products such as paper, cardboard and plastics. In addition, it is quick to adjust, offers missing sheet detection and minimum stack level monitoring, and can be fully integrated with other processing and wrapping machinery which increases its demand and thus, adds to the growth of the market.
Geographical Penetration: North America is the dominating region during the forecast period
In 2021, North America had the highest revenue share of YY percent. The region has well-developed industries such as food & beverage and others. These industries needs friction feeders to separate the products from machinery. In addition, different types of feeders AF-300 Advanced Feeder Compact AFS-300 Advanced Feeder Servo BF2-300,Basic Feeder, EF2-235 Easy Feeder and Others have been popular in the U.S., Canada, and Mexico.
Asia Pacific is the fastest growing regional market with a revenue share of YY percent. The region has a wide penetration for food & beverages and thus, increased demand for feeders. Additionally, growing food & beverage, pharmaceutical and other industries in countries such as India, China, Japan and others is driving the segment.
Competitive Landscape
The global friction feeders market is competitive and comprises players such as JMD Engineering Enterprises, Hugo Beck Maschinenbau GmbH & Co. KG, PAXMATIC AG, HERZOG + HEYMANN GmbH & Co. KG, Quadient Germany GmbH & Co. KG, MAGEBA Textilmaschinen GmbH & Co, Jakob Müller AG, Bedbur GmbH, Karl Menzel Maschinenfabrik GmbH & Co, and Josef Krückels Textilmaschinen GmbH among others. The friction feeders market competitive landscape provides details by competitor. The manufacturers are focusing on market potential, investment in research and development, new market initiatives like global expansion, increasing production capacities, and product launches among others.
COVID-19 Impact Negative impact on global friction feeders market
The COVID-19 pandemic has adversely affected the economies of various countries due to lockdowns, restrictions of import-exports, business close, and travel bans. Food and beverages is among the major industries suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants. The least demand for outside products of various industries such as food, beverages, personal care and others impacted friction feeders market, as the demand for friction feeders was less. Thus, it affected the market in a negative way. However, the demand for friction feeders has increased after covid-19 owing to increased demand for products from various industries, thereby coping up with the market.
The global friction feeders market report would provide an access to approximately 53 market data tables, 45 figures and 170 pages
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