Pin Insertion Machine Market worth $255 million by 2025

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MarketsandMarkets Presents
Pin Insertion Machine Market with COVID-19 impact
analysis by Method (Manual, Semi-automatic, and
Fully Automatic), Technology (Press-fit,
Through-hole, and Surface-mount), Insertion
Platform, Application, and Geography - Global
Forecast to 2025 The global pin insertion
machine market is estimated to be USD 255 million
by 2025 from USD 195 million in 2020 (estimated
year), at a CAGR of 5.6 between 2020 and 2025.
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MarketsandMarkets Presents
Pin insertion machine market for semi-automatic
method expected to hold the largest market share
during the forecast period Semi-automatic pin
insertion machine is expected to hold the largest
share of the market, by method. An increase in
miniaturization, higher production speed, and
continuous introduction of new products such as
smartphones, wearables, and other consumer
electronic products are driving the need for
semi-automatic pin insertion machines. 
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MarketsandMarkets Presents
Plastic connector segment is estimated to be the
fastest-growing market during the forecast
period Plastic connectors offer a reliable
connector system suited for a wide array of
applications, including medical equipment,
industrial machinery, automotive, and aerospace
and defense. Advancements in automotive safety
technologies and networking capabilities have
created an increasing demand for these
connectors. Moreover, these connectors are
increasingly deployed in aerospace and defense
applications to address weight optimization
challenges.
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MarketsandMarkets Presents
APAC is projected to hold the largest share of
pin insertion machine market in 2025 APAC is
likely to emerge as the largest market for pin
insertion machines in 2025. The APAC is a huge
adopter of smart electronic devices. The
increasing use of complex and compact electronic
components in these devices is compelling
electronic device manufacturers to invest in
automatic pin insertion machines. 
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MarketsandMarkets Presents
The report profiles key players, including TE
Connectivity (Switzerland), Autosplice (US),
Eberhard (Germany), HARMONTRONICS (China), and
UMG Technologies (US). These companies focus on
adopting both organic and inorganic growth
strategies, such as expansions and new product
launches to strengthen their position in the
market.
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MarketsandMarkets Presents
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