New research shows the warehouse automation software market was valued at $2.4 billion in 2021 and will grow with a CAGR of 16% through 2027.
After a slight decline in 2022, the warehouse automation industry is expected to return to a state of healthy growth in the mid- to long-term.
After a 2-year period of contraction, industrial robot shipments saw a year-on-year (YoY) increase of over 30% in 2021, according to new research published by Interact Analysis.
Mobile hydraulics grew from 2019 to 2021 thanks to a boom in material handling and increased demand for construction equipment.
Collaborative robot growth remains strong worldwide and China will be shipping more than 50% of the robots by 2023.
Research from Interact Analysis projects that total manufacturing industry output will grow by 4% in 2022 to $44.5 billion.
Lithium-ion battery market research covers both battery market, and battery manufacturing equipment market, looking at both the demand and supply sides.
Interact Analysis reported an 8.3% growth for the manufacturing industry in 2021, which is a rebound from 2020.
Interact Analysis projects the geared motor and industrial gear market will continue its rebound in 2022 with 8.4% growth year over year (YoY).
The industrial robot industry is expected to exceed $9 billion by 2025 and show a healthy rebound after a tumultuous period due to the COVID-19 pandemic.