Lucintel's latest market report analyzed that industrial dispensing system and equipment provides attractive opportunities in the automotive, personal care, pharmaceutical, and food & beverage market. The industrial dispensing system and equipment market is expected to reach $XX billion by 2028 with a CAGR of 6% to 8%. In this market, liquid material dispenser is the largest segment by product type, whereas automotive is largest by end-user.
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Based on product type, the industrial dispensing system and equipment market is segmented into glues and sealants dispensing system, liquid material dispenser, and powder product dispenser. The liquid material dispenser segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand in end use industries such as automotive, aerospace, and pharmaceutical.
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The Industrial Dispensing System and Equipment Market is marked by the presence of several big and small players. Some of the prominent players offering industrial dispensing system and equipment include Nordson Corporation, Techcon System, Fisnar, Graco, Dymax Corporation., Franklin Fueling System, GPD Global, Wayne Fueling Systems, and IMI Cornelius.
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