The Demand For Lightweight Automotive Vehicles To Spike Tape On Reel Feeder Market


Tape on Reel Feeder Market: Overview and Dynamics

Tape on Reel Feeder is a device that is used for applying the adhesive material on the reels. An adhesive component that is supplied on a reel, can be transported- position accurate and process-reliable. Tape-On Reel Feeder device is loaded with the reel which is placed onto a reel-reception that is equipped with a brake. The feeder system allows the assembly automation of both single-sided and double-sided adhesive components, which are frequently used as a sealant.

Major factors driving the Tape on reel feeder market are the demand for lightweight automotive vehicles and increasing demand from packaging and pharmaceutical industries.

The Tape on reel feeder Market is projected to grow from USD 60.40 billion in 2020 to USD 79.90 billion by 2025 at a CAGR of 5.7% during the forecast period. There will be a high demand for adhesive tapes in the healthcare, electrical & electronics and automobile industries.

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Moreover, the usage of tape on reel feeder in the production of adhesive tapes, which is used in healthcare services, pharmaceutical sector, infrastructure development, and customization of electrical and electronic types of equipment are increasing the demand for adhesive tapes, henceforth for tape on reel feeder too. Manufacturers are developing tapes with special emphasis on weather resistance characteristics, which in turn drives the tape on the reel feeder market.

COVID-19 Impact on Tape on Reel Feeder Market

COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. COVID-19 and resulting health measures, companies across the globe within the tape value chain have taken necessary measures to ensure the safety of their employees and the regularity of their businesses and their customers, suppliers and partners. Because of the crucial role the adhesive tapes on pharmaceutical industries, food and packaging industries businesses have to stay open and production must continue.

But as a result, almost every market and the Tape on reel feeder market has also been affected due to COVID-19 because adhesive taps are widely used in the automotive industry, transportation and electrical appliances. No doubt the supply chain of the Tape on Reel feeder and end-user has been broken besides, the COVID-19 pandemic the Tape on Reel feeder market got a slightly positive response because adhesive tapes are widely used in healthcare services. The healthcare market is anticipated to take the largest share of the adhesive tape market in upcoming years. So the Tape on Reel Feeder market shows a neutral impact during COVID- 19.

Potential segments of Tape on Reel Feeder market:

The healthcare section is anticipated to hold the highest market share of the Tape on reel feeder market during the forecast period. In the healthcare business, adhesive tapes are applied to surgical containers, checking electrodes and other medical gadgets, and wound care applications. This will give a positive response to the Tape on Reel Feeder Market.

Automobile adhesive tapes would be designed in such a way that they can resist the various environmental conditions, including moisture, weather effects, temperature variances and UV radiation, this will give a positive response to the Tape on Reel Feeder Market. Moreover, the amount of noise from the vehicles would lead to the development of advanced technology adhesive tape, which will lead to pushing the Tape on reel Feeder Market.

Asia Pacific region would dominate the Tape on Reel Feeder market due to the fact high demand from the automobile, pharmaceutical and food and packaging industries. India, China and Japan are massive markets for the Tape on reel feeder due to the biggest manufactures of electronics appliances and growing packaging industries.

Pressure-sensitive adhesive tapes are widely used in motorsports vehicle and transportation system this will give a hike to the Tape on Reel Feeder Market.

China remained in the first position in the manufacturing of automobile products, so there will be a high demand for adhesive tape this will give a hike to the Tape on Reel Feeder Market.

Tape on Reel Feeder Market: Regional Outlook

Asia Pacific region has a huge adhesive tapes market so the Tape on Reel feeder Market is also been estimated to be the fastest-growing market in the course of the forecast period. The Asia Pacific region is witnessing the developments in electrical &electronics, Pharmaceutical and automotive industries.

The adhesive tapes market in arising economies, like China, India, Brazil, South Africa, and Indonesia, is relied upon to observe critical development while more created markets like the US, Germany, Japan, and the UK, will observe moderate or no development during the forecast period. China is predicted to be a prominent contributor leading by the high demand from the end-users. The Asia Pacific region has the highest chances of the dominance of the Tape on Reel Feeder market across the globe with significant demand from the countries like India and China.

Tape on reel feeder: Key players

Being a moderately fragmented market, players have a dominant presence across the globe.

  • SMTnet
  • Capling
  • JUKI
  • V-TEK International
  • NU-WAY Electronics
  • ESE
  • Maximintegrated
  • Sparkfun electronics
  • AATEC limited etc.

are amongst the prominent players in Tape on reel feeder market.

Because the Tape on Reel Feeder market is moderately fragmented so to sustain a dominant position in the globe the companies may enter into new industries or companies can follow the inorganic growth strategy through merges, partnership and collaboration.

Segmentation Analysis of Tape on reel feeder Market

The global Tape on reel feeder market is bifurcated into four major segments: Configuration of the adhesive material, end-use, technology, category, Tape width, the thickness of the tape, backing material and geographic region.

On the basis of Configuration of the adhesive material Tape on reel feeder market has been segmented as follows:

  • Single-sided
  • Double-sided

Single-sided tapes can be utilized to replace the conventional mechanical joints, for example, bolts, rivets and welds, as they allow a superior finish with a similar amount of strength. The single-sided tape can be used for surface protection, electrical joints, fixing and filling purposes, and other applications.

Double-sided taps can be utilized for having an invisible bond. The double-sided tapes are mostly suitable for the flat surfaces.

On the basis of end-use, Tape on reel feeder market has been segmented as follows:

  • Food & Packaging industry
  • Automotive industry
  • Transportation agencies
  • Pharmaceutical
  • Individual use
  • Commercial purpose
  • Electrical appliances

Based upon the application, different types of adhesive tapes are being utilized by the industries. This will lead to the demand for Tape on reel Feeder.

On the basis of technology used for adhesive material the tape on reel feeder market is segmented as follows:

  • Solvent-based
  • Hot- melted based
  • Water-based
  • On the basis of the category of the tape, the tape on reel feeder market is segmented as follows:
  • Commodity adhesive tapes
  • Specialty adhesive tapes

On the basis of the tape width, the Tape on Reel feeder market has been segmented as follows:

  • 76mm
  • 200mm
  • 400mm

On the basis of the thickness of the tap, the Tape on Reel Feeder has been segmented as follows:

  • 0.10 mm
  • 0.30mm
  • 0.40mm
  • 76mm (double-sided tape)

On the basis of base material (backing material), the Tape on Reel Feeder market has been segmented as follows:

  • Polypropylene (PP)
  • Paper
  • Polyvinyl Chloride (PVC)
  • Others {Foam, Cloth, Metal, Polyamide, Polyethylene Terephthalate(PET)

On the basis of geographic regions, Tape on reel feeder market is segmented as

  • North America
  • Europe
  • Latin America
  • East Asia
  • Asia pacific
  • Middle East & Africa
  • Oceania

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