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Modest global manufacturing growth expected

Control Engineering

For those products which are seeing high price inflation, such as foods and beverages, and raw materials; government intervention is expected to bring down prices. Between 2023 and 2027 moderate growth is expected to continue but the region will still suffer some of the effects of what is expected to happen globally in 2024.

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Collaborative robot market has strong long-term future

Control Engineering

In addition, collaborative robots have also seen relatively stable growth in industries such food & beverage and chemicals & pharmaceuticals. Strong growth is predicted in shipments through to 2027 and beyond, with price declines slowing as cobots become more intelligent and capable of carrying greater payload.