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Vehicle production dips amid EV transformation and intense market pressure

SMMT

Potential to surpass one million cars and light vans in 2028 if markets improve and model launches stay on track. Sector calls for government to fast track industrial and trade strategies for automotive manufacturing. British vehicle production slips -11.8% growth in commercial vehicle production fails to offset -13.9%

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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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Best month ever for new EV registrations but market share misses mandated target

SMMT

An SMMT survey in February 2025 found that fewer than one in four new car buyers intend to buy an electric car by 2028 but two in five electric sceptics could be convinced to switch if government incentives were available, as is the case in most other European markets. Email address. Company. * Consent I agree to the SMMT Privacy Policy.

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Car output slips in October as UK and EU markets stall

SMMT

3 If planned UK zero emission model launches stay on track and consumer demand improves, there is potential to get above one million units in 2028. Mike Hawes, SMMT Chief Executive, said, These are deeply concerning times for the automotive industry, with massive investments in plants and new zero emission products under intense pressure.

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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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Interact Analysis predicts strong global cobot market growth

Robotics Business Review

Global cobot market revenues are set to increase at >20% a year from 2024 to 2028. Looking to the future, the market intelligence specialist predicts the global market for cobots will see a 22% increase in shipments during 2024 and anticipates similar levels of growth (>20%) each year through 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.