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A precision positioning equipment market is generally used for handling a material at a single workplace. The major types of precision positioning equipment are lift/tilt/turn table, manual (no equipment), ball transfer table, dock leveler, parts feeder, rotary index table, air film device, balancer, hoist, manipulator, vacuum manipulator, articulated jib crane manipulator, rigid-link manipulator, and industrial robot. Precision positioning equipment have some benefits  compared to manual handling, such as raised productivity of each worker, improved product quality, increased frequency of handling materials, lessened damage to materials and equipment, and reduced injuries and fatigue when the environment is hazardous.

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Topcon Positioning Systems Inc. is based in Livermore, California, U.S. The company manufacturers and designs precision positioning equipment and machine control products. Furthermore, it designs and manufactures solutions for agriculture, construction, mapping and geographic information system, civil engineering, asset management, and mobile control markets. The company has six primary brands: Sokkia, Topcon, Digi-Star, NORAC, Wachendorff Elektronik, and RDS Technologies.

Incorporated in 1888, Sumitomo Heavy Industries, Ltd is located in Tokyo, Japan. The company manufactures and sells advanced precision machinery, general machinery, ships, environmental plant facilities, and construction machinery in Japan and across the globe. The company provides a wide range of products such as transfer molding presses, injection molding machines, precision positioning equipment, cryopumps, cryocoolers, laser systems, motion components, control systems, rolls for metal rolling, ion implanters, surface grinding machines, extrusion coating lines, and coolant systems.

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Some other key players operating in the global precision positioning equipment market include ARC Specialties, Microwave Vision Group, Physik Instrumente (PI) GmbH & Co. KG., Physik Instrumente (PI) GmbH & Co. KG., halstrup-walcher GmbH, Aerotech, Inc., US EuroTek, Inc., and Griffin Motion, LLC.

Global Precision Positioning Equipment Market: Dynamics

Industry 4.0, popularly known as smart factory, is considered the fourth era of industry that merges computing and automation. It also includes cyber-physical systems, cloud computing, Internet of Things, and cognitive computing. Industry 4.0 can help design, simulate, and take care of physical processes in manufacturing units that boosts cost-effectiveness. Factory simulation is expected to be highly beneficial for the upcoming concept of Industrial Internet of Things (IIoT). Leading manufacturing companies such as Schneider Electric SE and Siemens AG are moving toward the implementation of Industry 4.0. Thus, evolution of industry 4.0 is likely to boost the demand for precision positioning equipment in the next few years. Further, rise in automation in the industrial sector is projected to be a major factor driving the precision positioning equipment market.

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Additionally, rise in demand for computerized numerical control (CNC) machines is projected to propel the demand for precision positioning equipment across the globe. Increase in shift from manual to precision positioning equipment for material handling is expected to provide growth opportunities to the precision positioning equipment market.

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