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Labor shortages remain a problem for motion control vendors, but this is a common lament for many in the manufacturing and engineering markets. This growth will continue out to 2026, but at a slower pace with a compound annual growth rate (CAGR) of 5.5%. It may have an impact on growth, but more from a supply side.
Manufacturing insights Manufacturing decline is now expected in 2024 rather than 2026. The Americas enjoyed a strong year for manufacturing growth in 2022, but labor shortages continue to hamper US manufacturers. Chinese manufacturing economy gets back on its feet after a turbulent period.
Machinery sectors have performed better than the manufacturing sector overall, and despite current challenges the next global downturn for manufacturing is not expected until late 2025 or early 2026. The next manufacturing downturn is expected in 2026, but to a lesser extent than in 2020. in 2022, compared to 3.3%
Taking a longer term look at the market, it is anticipated that 2026 will see a year of economic decline affect sales. We can, however, confidently predict that prices will decline from 2023 onwards before they begin to stabilize in 2026/2027.”. Courtesy: Interact Analysis.
Machine learning (ML) and deep learning (DL) in embedded platforms are being used to solve applications that were once very challenging as well as opening up new insights gleaned from the sensing and machine vision advancements being developed on the manufacturing floor.
million installations of RaaS by 2026 generating $34 billion in revenue. As Seiff put it: “RaaS is more than a pricing model.”. RaaS is on the rise. The experts at market analysts ABI Research predict that there will be 1.3 Meanwhile, a 2021 report from market analysts Technavio predicts that the RaaS market will grow by $832.77
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