Global Rotary Indexer Market Overview:
As per MRFR analysis, the Rotary Indexer Market Size was estimated at 1.5 (USD Billion) in 2022. The Rotary Indexer Market Industry is expected to grow from 1.57 (USD Billion) in 2023 to 2.4 (USD Billion) by 2032. The Rotary Indexer Market CAGR (growth rate) is expected to be around 4.83% during the forecast period (2024 - 2032).
Key Rotary Indexer Market Trends Highlighted
The Rotary Indexer Market is experiencing significant growth due to increasing automation in various industries. The primary drivers include the rising adoption of automation in manufacturing, packaging, and assembly processes, coupled with the need for precise and efficient positioning in industrial applications.
Opportunities exist to develop advanced rotary indexers with high precision, speed, and torque capabilities to meet the increasing demands of modern production lines. The integration of advanced technologies, such as servo motors and programmable logic controllers (PLCs), is a key trend in the market, enabling precision and flexibility in indexing operations. Additionally, the growing demand for automation in emerging markets presents a significant growth opportunity for rotary indexer manufacturers.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rotary Indexer Market Drivers
Growing Adoption of Automation in Manufacturing
The manufacturing industry is undergoing a significant transformation, with automation playing a central role. Rotary indexers are key components in automated manufacturing systems, enabling precise and efficient movement of parts and products. As manufacturers seek to increase productivity and reduce costs, the demand for rotary indexers is expected to surge.
Moreover, the growing adoption of Industry 4.0 technologies, including robotics, machine learning, and the Internet of Things (IoT), is further driving the need for advanced automation solutions, including rotary indexers.The integration of rotary indexers into automated manufacturing systems allows for increased flexibility, accuracy, and speed, leading to improved production efficiency and reduced manufacturing costs in the Rotary Indexer Market Industry.
Rising Demand from the Semiconductor Industry
The semiconductor industry is a major consumer of rotary indexers, particularly in the manufacturing of integrated circuits (ICs) and printed circuit boards (PCBs). As the demand for electronic devices continues to grow, so does the need for semiconductors. Rotary indexers play a crucial role in the precise handling and assembly of semiconductor components. They enable precise positioning and rotation of wafers and substrates, ensuring high-quality and reliable semiconductor devices. The increasing complexity of semiconductor devices and the miniaturization of electronic components are further driving the demand for advanced rotary indexers with high precision and repeatability in the Rotary Indexer Market Industry.
Expansion of the Medical Device Industry
The medical device industry is another significant growth driver for the rotary indexer market. Rotary indexers are used in a wide range of medical applications, including surgical robotics, medical imaging, and laboratory automation. The growing demand for minimally invasive surgical procedures, as well as the increasing adoption of robotic surgery, is fueling the need for precise and reliable rotary indexers. Moreover, the development of new medical devices and the miniaturization of medical components are creating opportunities for specialized rotary indexers with high precision and compact designs in the Rotary Indexer Market Industry.
Rotary Indexer Market Segment Insights:
Rotary Indexer Market Type Insights
The Rotary Indexer Market is segmented by type into horizontal, vertical, and multi-axis. Among these, the horizontal type is anticipated to hold the largest market share over the forecast period. The extensive adoption of horizontal rotary indexers in various industrial applications, including packaging, assembly, and material handling, is the primary factor driving the segment's growth.
In 2023, the horizontal rotary indexer segment held a market share of around 45%, and this dominance is projected to continue throughout the forecast period. Vertical rotary indexers are another significant segment in the Global Rotary Indexer Market, owing to their wide usage in industries such as automotive, aerospace, and medical. These indexers provide precise positioning and high accuracy, making them suitable for applications requiring intricate movements. The vertical rotary indexer segment is expected to exhibit consistent growth, capturing a market share of approximately 30% by 2032.
Multi-axis rotary indexers offer the capability of simultaneous rotation around multiple axes, providing exceptional flexibility and efficiency. This type of rotary indexer is gaining traction in industries like robotics, automation, and semiconductor manufacturing. The multi-axis rotary indexer segment is projected to register a robust growth rate, reaching a market share of around 25% by the end of the forecast period. Overall, the Rotary Indexer Market is poised for significant growth, with the increasing adoption of automation and the growing demand for precision positioning in various industries. Market segmentation by type provides insights into the diverse applications and preferences of rotary indexers, enabling stakeholders to make informed decisions and cater to the specific requirements of different industries.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rotary Indexer Market Drive Motor Insights
The Rotary Indexer Market is segmented by Drive Motor into Servo Motor, Stepper Motor, Pneumatic Motor, and Hydraulic Motor. Among these, the Servo Motor segment held the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The high adoption of servo motors in rotary indexers is attributed to their precise positioning, high speed, and ability to handle complex motion profiles.
Stepper motors are expected to witness a steady growth rate during the forecast period, owing to their cost-effectiveness and simplicity of operation. Pneumatic and hydraulic cylinders are anticipated to have a niche market share, primarily in applications requiring high torque and power.
Rotary Indexer Market Degrees of Freedom Insights
The Rotary Indexer Market is segmented by Degrees of Freedom into Single-Axis, Dual-Axis, and Multi-Axis. The Multi-Axis segment is expected to hold the largest market share in 2023, accounting for over 40% of the Rotary Indexer Market revenue. The growth of this segment can be attributed to the increasing demand for Rotary Indexers with multiple axes of rotation in various industries, including packaging, assembly, and semiconductor manufacturing. The Single-Axis segment is expected to witness steady growth over the forecast period, driven by its simplicity and cost-effectiveness. The Dual-Axis segment is also expected to experience significant growth, owing to its ability to handle complex indexing applications.
Rotary Indexer Market Industry Application Insights
The Rotary Indexer Market is segmented by Industry Application into Medical, Packaging, Automotive, Semiconductor, and Electronics. The Medical segment is expected to account for the largest share of the market in 2023, with a market value of 379.5 million USD. The Packaging segment is expected to be the second-largest segment, with a market value of 321.1 million USD. The Automotive, Semiconductor, and Electronics segments are expected to account for the remaining share of the market.
The growth of the medical segment is attributed to the increasing demand for rotary indexers for medical devices and equipment. Rotary indexers are used in a variety of medical applications, such as surgical robots, patient positioning systems, and diagnostic imaging equipment. The growth of the Packaging segment is attributed to the increasing demand for rotary indexers in packaging machinery. Rotary indexers are used in packaging machinery to orient, position, and transfer products. The growth of the Automotive, Semiconductor, and Electronics segments is attributed to the increasing demand for rotary indexers in these industries. Rotary indexers are used in these industries for a variety of applications, such as assembly, inspection, and testing.
Rotary Indexer Market Indexing Speed Range Insights
The Rotary Indexer Market is segmented by Indexing Speed Range into Low Speed (0-200 rpm), Medium Speed (200-500 rpm), and High Speed (500+ rpm). Among these, the Low-Speed segment is expected to account for the largest revenue share in 2024, as this range is suitable for various industrial applications that require precise and controlled indexing operations. The medium-speed segment is projected to witness significant growth over the forecast period, owing to its increasing adoption of automation systems and robotics. The High-Speed segment is expected to gain traction in the coming years as it offers faster indexing speeds, enabling increased productivity and efficiency in demanding applications.
Rotary Indexer Market Regional Insights
The Rotary Indexer Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the presence of a large number of automotive and manufacturing industries in the region. Europe is expected to follow North America in terms of market share due to the presence of a number of leading automotive manufacturers in the region.
APAC is expected to witness the highest growth rate during the forecast period due to the increasing demand for industrial automation in the region. South America and MEA are expected to have a relatively smaller market share but are expected to grow at a steady pace during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Rotary Indexer Market Key Players And Competitive Insights:
Major players in the Rotary Indexer Market industry have been focusing on developing technologically advanced products to meet the evolving requirements of end users. Leading Rotary Indexer Market players have been investing heavily in research and development activities to enhance the capabilities and performance of their products. The competitive landscape of the Rotary Indexer Market has been characterized by mergers and acquisitions, as well as partnerships and collaborations between key players. This has resulted in the consolidation of the industry and the emergence of a few dominant players. Furthermore, the entry of new players into the market has intensified competition and created a more dynamic and challenging environment for existing players.
One of the key competitors in the Rotary Indexer Market is Harmonic Drive Systems. The company is known for its high-precision rotary indexers, which are widely used in various industrial applications. Harmonic Drive Systems has a global presence and a strong distribution network, which allows it to cater to a wide range of customers. Another major player in the Rotary Indexer Market is Wittenstein.
The company offers a comprehensive range of rotary indexers, including high-torque, high-speed, and precision indexers. Wittenstein has a strong focus on innovation and customer service, which has helped it to establish a strong position in the market. Furthermore, companies like MICROMO, Matrix Motion Technologies, Tolomatic Motion, and Calypso Precision come to the list as major competitors or important players in the Rotary Indexer Market throughout the globe. Every company in the global range focuses on innovating their technologies, presenting game-changing designs in the market, and extending services for an extended experience for their customers.
Key Companies in the Rotary Indexer Market Include:
- Nabtesco Corporation
- YASKAWA Electric Corporation
- Danaher Corporation
- Rollon S.p.A.
- Curtis Wright Corporation
- Nook Industries, Inc.
- Micronix Incorporated
- Schaeffler Group
- AMADA Miyachi Europe B.V.
- Akribis Systems Inc.
- Igus GmbH
- NSK Ltd.
- Festo SE Co. KG
- THK Co. Ltd.
- Sumitomo Heavy Industries, Ltd.
Rotary Indexer Market Industry Developments
The Rotary Indexer Market is projected to reach a value of USD 2.4 billion by 2032, expanding at a CAGR of 4.83% from 2024 to 2032. Rising demand for automation in various industries, coupled with increasing adoption of rotary indexers in packaging, food processing, and automotive sectors, are key factors driving market growth.
Recent advancements in technology, such as the integration of sensors and IoT devices, are further enhancing the capabilities and efficiency of rotary indexers. Strategic partnerships and acquisitions among market players are shaping the competitive landscape, with companies focusing on expanding their product portfolios and geographical reach.
Rotary Indexer Market Segmentation Insights
-
Rotary Indexer Market Type Outlook
- Horizontal
- Vertical
- Multi-Axis
-
Rotary Indexer Market Drive Motor Outlook
- Servo Motor
- Stepper Motor
- Pneumatic Motor
- Hydraulic Motor
-
Rotary Indexer Market Degrees of Freedom Outlook
- Single-Axis
- Dual-Axis
- Multi-Axis
-
Rotary Indexer Market Industry Application Outlook
- Medical
- Packaging
- Automotive
- Semiconductor
- Electronics
-
Rotary Indexer Market Indexing Speed Range Outlook
- Low speed (0-200 rpm)
- Medium speed (200-500 rpm)
- High speed (500+ rpm)
-
Rotary Indexer Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.5 (USD Billion) |
| Market Size 2023 |
1.57 (USD Billion) |
| Market Size 2032 |
2.4 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.83% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Nabtesco Corporation, YASKAWA Electric Corporation, Danaher Corporation, Rollon S.p.A., Curtis Wright Corporation, Nook Industries, Inc., Micronix Incorporated, Schaeffler Group, AMADA Miyachi Europe B.V., Akribis Systems Inc., Igus GmbH, NSK Ltd., Festo SE Co. KG, THK Co. Ltd., Sumitomo Heavy Industries, Ltd. |
| Segments Covered |
Type, Drive Motor, Degrees of Freedom, Industry Application, Indexing Speed Range, Regional |
| Key Market Opportunities |
Growing automation in manufacturing Rising demand from semiconductor and electronics industries Technological advancements leading to compact and efficient designs Expansion of robotics and automation in emerging markets Growing focus on precision positioning and accuracy |
| Key Market Dynamics |
Growing demand for automation in manufacturing Rising need for precision and accuracy in assembly processes Increasing use of robots in production lines Development of compact and cost-effective rotary indexers Penetration of rotary indexers in emerging markets |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Rotary Indexer Market is expected to reach a valuation of 1.57 USD Billion by 2023, growing at a CAGR of 4.83% until 2032.
North America and Europe are the dominant regions in the Rotary Indexer Market, accounting for a significant share of the global revenue. Asia-Pacific is expected to witness the fastest growth rate during the forecast period due to increasing industrialization and automation in the region.
Rotary Indexers find applications in various industries, including automotive, packaging, medical, and electronics. They are used in assembly lines, testing equipment, and material handling systems.
Prominent players in the Rotary Indexer Market include Bosch Rexroth, Rockwell Automation, Schneider Electric, and Siemens. These companies offer a wide range of Rotary Indexers to cater to diverse customer needs.
The Rotary Indexer Market is witnessing advancements in technology, such as the integration of sensors and controllers for improved precision and efficiency. There is also a growing demand for customized Rotary Indexers to meet specific application requirements.
The Rotary Indexer Market is projected to grow at a CAGR of 4.83% from 2024 to 2032, driven by increasing automation and industrialization across various sectors.
The Rotary Indexer Market faces challenges such as intense competition, fluctuations in raw material prices, and the need for continuous innovation to keep pace with technological advancements.
Opportunities for growth in the Rotary Indexer Market include the rising adoption of automation in emerging economies, the development of new applications, and the increasing demand for precision and efficiency in manufacturing processes.
Key factors driving the Rotary Indexer Market include the growing demand for automation in various industries, the need for improved productivity and efficiency, and the increasing adoption of advanced technologies.
The COVID-19 pandemic had a moderate impact on the Rotary Indexer Market. While some sectors experienced a slowdown, the long-term outlook remains positive due to the increasing adoption of automation and the growing demand for precision and efficiency in manufacturing processes.
