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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. percent in 2023, despite a challenging year for manufacturing, tough economic conditions, and supply chain issues.

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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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Spotlight on ACMA Automechanika New Delhi 2024 as Indian Automotive Aftermarket Pushes to Emerge a Hub of Global Component Manufacturing

Frost & Sullivan Manufacturing

Highlights of flagship automotive aftermarket trade event include more than 500 exhibitors, 1000 brands,1500 product categories, and strong domestic, regional, and international representation amidst focus on mobility ecosystem development and growth acceleration. lakh registered visitors. Roger Motors Pvt Ltd., and many, many more.

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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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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. The post Turning UK auto investment into concrete reality appeared first on SMMT.

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Global manufacturing output to grow only 0.3% in 2024

Control Engineering

Global manufacturing insights Europe still buffeted by the economic storm, with Germany’s manufacturing economy set to shrink by 1.4% Manufacturing growth in the U.S. Between 2023 and 2028, machinery production (as a sub-sector of manufacturing) is expected to grow faster than the manufacturing sector overall.

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Saudi Arabia is Poised to Transform into a Promising Hub for Future Vehicle Manufacturing

Frost & Sullivan Manufacturing

Frost & Sullivan, with a rich history of collaboration in the mobility sector with multiple stakeholders, envisions the region as a potential powerhouse for Future Vehicle Manufacturing. What is the industry potential and at what rate is it expected to grow by 2028? What is the expected manufacturing capacity by 2030?