DUBLIN, March 8, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/jj8hrq/pin_insertion) has announced the addition of the "Pin Insertion Machine Market - Global Trend and Forecast to 2022" report to their offering.
The pin insertion machine market is estimated to reach USD 276.7 Million by 2022.
The need for miniaturization of electronics devices is a vital factor driving the market. Rising demand for flexible, cost-effective, and precise techniques for inserting connectors on the PCBs and demand for pin installation machines in surgical instrument assembly are also driving the need for pin insertion machines.
APAC accounted for the largest share of this market in 2015, and the market in APAC is expected to grow at the highest CAGR between 2016 and 2022. Increasing electronic manufacturing activity, rising demand for the miniaturization of components, and significant growth in consumer and automotive electronics are driving the need for pin insertion machines in the APAC region. An increase in manufacturing activities combined with the region's emergence as a cost-effective production hub is expected to drive the pin insertion machine market in this region.
One of the key restraining factors for the growth of this market is high cost of investment in semi-automatic and automatic machineries for pin insertion. Pin insertion machines are used for inserting a standard pin or customized pin according to the assembly requirement.
A manual pin inserter is an economical installation method for low-volume work and prototype designs, whereas for high-to-medium volume and low cycle time applications, semi-automatic or fully automatic pin insertion machines are required. The cost of semi-automatic or fully automatic machines is high and rises if they are needed for customized processes.
Companies Mentioned:
Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Pin Insertion Machine Market, By Technology
8 Pin Insertion Machine Market, By Method
9 Pin Insertion Machine Market, By Industry
10 Pin Insertion Machine Market, By Geography
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/jj8hrq/pin_insertion
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SOURCE Research and Markets
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