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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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New TAS advanced manufacturing action plan

Manufacturer's Monthly

Image: Quality Stock Arts/stock.adobe.com Premier and minister for Trade and Major Investment, Jeremy Rockliff, has released the Advanced Manufacturing Action Plan 2028 to take the Tasmania ‘s $2 billion Advanced Manufacturing industry to the next level.

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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.

Robotics 115
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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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Bluewhite raises $39M to expand autonomous tractors to farms worldwide

Robotics Business Review

“This next phase of our growth will help provide unprecedented transparency throughout the food supply chain and ensure healthier, safer, and more sustainable food production and consumption,” he added. billion by 2028 at a compound annual growth rate (CAGR) of 24%, according to Research and Markets. million by 2028.

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Carmakers failing to decarbonise supply chains despite rising EV sales

E&T

The annual ranking from Greenpeace East Asia evaluates the world’s 15 largest traditional carmakers on their phase-out of combustion engine vehicles, supply chain decarbonisation, and resource reduction and circularity. This year, Japan’s Suzuki received the lowest score, followed by China’s Great Wall Motor and Japanese firm Toyota.

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Slower renewables transition risks 95,000 offshore jobs in UK, report warns

E&T

It said that a successful transition to renewables relied on the UK being able to retain the offshore oil and gas supply chain, its workforce and associated skills over the next five years. In addition to the loss of jobs, this would incur a “significant loss of skills” in the future energy sector, the report said.