Interact Analysis projects the Chinese warehouse automation market will show strong growth over the next five years as companies look to optimize efficiency.
After a downturn in 2023, warehouse construction is expected to rebound in 2024 and beyond according to Interact Analysis research.
Warehouse construction declined in North America and Europe in 2023 by 25%, but the slowdown is expected to be short-lived according to Interact Analysis.
Warehouses added to the global building stock in 2023 is down 35% compared with 2022 as companies are focusing more on automating current assets rather than building new ones.
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.
Mobile robot revenues and shipments grew in 2020 compared to 2019 by more than 25% in spite of troubles caused by the COVID-19 pandemic.
Interact Analysis said in June that good performances by the US, South Korea and China are offset by Europe and Japan, expected to make swift recoveries, and India and Brazil, where slow recoveries are expected. The semiconductor sector is holding back some manufacturing, and some inflation is expected.
The manufacturing industry output (MIO) tracker from Interact Analysis reveals a stronger than expected overall global manufacturing performance in 2020.
The collaborative robot market, led by China and the United States, is predicted to thrive over the next several years after a difficult period due to the COVID-19 pandemic.
In spite of the losses due to the COVID-19 pandemic, the geared motors market is expected to have a period of sustained recovery and growth over the next few years.
COVID-19's impact on manufacturing for the short- and long-term depends on the particular industry and the region, though recovery is eventually expected to reach 2019 levels according to Interact Analysis.
Interact Analysis reports Europe will be the fastest growing market for lithium-ion batteries with energy storage being the fastest growing sector.