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Cobot market to see growth at 20% by 2023

A report by Interact Analysis shows that the collaborative robot market penetration is going to surpass 20 per cent by 2032, while the market in EMEA will have recovered by 2H 2023, the US collaborative robot market will take a while longer. Universal Robots retains the lion’s share of the global cobot market.Read more

Global manufacturing growth to slow down, CAGR of 3% to 2027

A report by market intelligence authority, Interact Analysis says that the manufacturing decline is now expected in 2024 rather than 2026. The Americas enjoyed a strong year for manufacturing growth in 2022, but labour shortages continue to hamper US manufacturers whereas the Chinese manufacturing economy gets back on its feet after a turbulent periodRead more

Earthmoving Equipment Tyres: Sturdiest solutions for the world’s most demanding work environments

Demand for construction and infrastructure products is growing as a direct outcome of population explosion and global economic growth. Increasing construction and mining activities globally is a key factor driving the market for earthmoving equipment tyres, says Yash Pathak. Read more

Festo continues on course for growth and innovation

The Festo Group achieved double-digit growth for another year in a row with a rise in sales by 13.4 per cent to €3.81 billion in 2022 (previous year €3.36 billion). Innovative automation is the enabler for the industrial transformation towards renewable energies, sustainable production, hydrogen and circular economy.Read more

Freudenberg shows profitability, heavy investments in 2022

Global technology group, Freudenberg presents figures for the year 2022 which shows sales of more than €11.7 billion with an increase of 17 per cent, operating profit of €941.8 million with an increase of 7 per cent and €2 billion investment in research and development with 15 per cent increase in investment on future technologies.Read more

Mahindra Research Valley at the forefront of automotive technology

Mahindra Research Valley (MRV), a flagship company of Mahindra Group sealed its leadership with record 210 patents in last 6 quarters. The patents granted is the highest number of patents to any Indian Original Equipment Manufacturer (OEM) during the period. 149 patent applications are just in the Electric Vehicle (EV) space.Read more

Bohmen Industries is focusing on developing new position switching devices

Since 1977, Bohmen Industries is an acclaimed manufacturer and supplier of a wide variety of electromechanical limit switches and allied assemblies. The company is having heavy growth plans in the coming years. This interview with Abhishek Bohra, Partner, Bohmen Industries gives more insights into the company’s operations and its outlook on the Indian manufacturing market.Read more

Elecon Engineering launches upgraded industrial gearbox New EON, at Gurugram

One of largest industrial gears manufacturers, Elecon Engineering Company Limited (Elecon) launched the latest addition to the already popular range of gearboxes ‘New EON’ at an event at The Oberoi, Gurugram. Company also plans to open local swift centers to enhance customer services.Read more

Amara Raja Group’s Mangal Industries signs MoU with AXISCADES forming strategic partnership

A leading technology solutions company, AXISCADES forms a partnership with Amara Raja Group’s company Mangal Industries Limited to make an engineering, digital, and manufacturing collaboration. Read more

Soma Specialities is looking to double its revenues in 2-3 years

Soma Specialities, a pioneer in introducing mechanised floor cleaning and floor maintenance systems in India, has been into the business for more than four decades. In this interview, Samir Sabu, Director, Soma Specialities, shares USPs of the products and the company's strategy to grow 25-30 per cent annually.Read more

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