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New Product Launch - Key Strategy Major Players Followed to Expand Market Shares in Inspection Machines Market
The global inspection machines market consists of various large and small players providing inspection machines. The majority of the leading players in this market are based in developed countries across North America and Europe.
Players in the global inspection machines market have implemented various strategies to expand their global footprints and increase their market shares. Some of the key strategies adopted by market players include new product launches and product upgradation; expansion; acquisition; and joint ventures, agreements, and collaboration. Robert Bosch GmBH (Germany), Cognex Corporation (U.S.), Brevetti C.E.A. SPA (Italy), Korber Medipak Systems AG (Switzerland), and Mettler-Toledo International Inc. (U.S.) were the leading market players in 2015. They are focusing on new product launches as key strategy for increasing market share in the market.
Bosch Packaging Technology (Germany), a wholly owned subsidiary of Robert Bosch GmbH, is a market leader owing to its strong portfolio of inspection machines. The company has a substantial geographic footprint with strong sales and distribution networks and investments in R&D activities. The company focuses on new product developments. In 2015, company had launched KHS 1- headspace leak detector and AIM 3 vision inspection machine.
Cognex Corporation (U.S.) is a leading player in vision machine technology. The company’s business strategies include product development. The company has launched 11 products from 2013 to 2015. In November 2015, the company released a new product line, the In-Sight 2000 series of inspection machines. This new system will provide simplicity, affordability, flexibility, and extremely reliable inspection in harsh production environments.
Teledyne Technologies Inc. (U.S.), Mitsubishi Chemical Holdings Corporation (Japan), Sartorius AG (Germany), Thermo Fischer Scientific Inc. (U.S.), and Omron Corporation (Japan) are some other prominent players in this market. The majority of them adopted new product launches as their key growth strategy.
Inspection Machines Market by Type (Full Automated, Semi-automated, Manual), Product (Leak Detectors, Vision Machine), Packaging (Ampoules, Blisters, Syringes, Vials), End user (Pharmaceutical, Medical device) - Global Forecast to 2021
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