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Global cobot market revenues exceed $1B in 2023; further growth expected until 2028

Automation Mag

The firm predicts that the global market for cobots will see a 22 percent increase in shipments during 2024 and anticipates similar levels of growth (more than 20 percent) each year through to 2028. The firm’s report shares that annual revenue growth for cobots was around 11.9

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Industrial robot shipments exceed 500,000 units in 2023

Robotics Business Review

per year between 2024 and 2028. The average price per unit of an industrial robot is on a downward trajectory, following a rise for two consecutive years, and we expect a price decline of around 3% per year between 2024 and 2028. per year between 2024 and 2028. The industrial robot market is expected to grow by ~3.7%

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Denso to construct ‘24-hour unmanned’ facility in Japan

Robotics Automation News

Japanese automotive components giant Denso says it will build a new, “24-hour unmanned” facility in Nishio City, Aichi Prefecture, by expanding the site of its Zenmyo Plant. Construction will start in the first half of 2025 and will be completed in January 2027, with production slated to start in the first half of 2028.

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Global automotive plastics market boosted by need to minimize CO2 emissions

Canadian Manufacturing

Global Automotive Plastics Market Boosted by the Need to Minimize CO2 Emissions. The stringent regulations for OEMs to meet sustainability targets will drive the automotive plastics sector. The stringent regulations for OEMs to meet sustainability targets will drive the automotive plastics sector. billion by 2028 from $31.29

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Global Automotive Plastics Market Boosted by the Need to Minimize CO2 Emissions

Frost & Sullivan Manufacturing

The stringent regulations for OEMs to meet sustainability targets will drive the automotive plastics sector. Frost & Sullivan’s recent analysis, Global Automotive Plastics Growth Opportunities, finds that original equipment manufacturers (OEMs) need for lightweight materials expedites the automotive plastics industry.

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Digital Platforms, eCommerce, and Mobile On-Demand Services to Create a New Look GCC Automotive Aftermarket

Frost & Sullivan Manufacturing

The eCommerce boom, digital platforms, and mobile on-demand services are transforming the automotive aftermarket across the Gulf Cooperation Council (GCC) region. The absence of a robust local manufacturing base for automotive components has made the region extremely import dependent. billion in 2028.

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Turning UK auto investment into concrete reality

SMMT

As automotive manufacturers across the UK set about retooling their factories to build a new generation of electrified models, it’s encouraging to see the tough job of turning last year’s massive investment announcements into reality is underway.