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Is cobot market heading for a second growth surge?

Strong growth is predicted in shipments through to 2027 and beyond, with price declines slowing as collaborative robots (cobots) become more intelligent and capable of carrying greater payload, says Maya XiaoRead more

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

Ultra-low voltage drives market to grow to $3.1 billion by 2027

Interact Analysis report shows a global ultra-LV drives market worth $753 million in 2021. AMR/AGV sector driving revenue growth for ultra-LV drives, accounting for 11 per cent of total market revenues in 2022, stated the report. Three companies currently dominate the market, but is likely to change. 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

Mobile robots to drive demand for precision gearboxes

The markets for precision gearboxes and motion control systems are closely related. The market for planetary precision gearboxes is forecast to expand significantly, driven by high levels of demand within the mobile robots segment, says Alexander Jones.Read more

Global low voltage AC drive market reach $14.2 bn: Interact Analysis

Supply chain problems, semiconductor shortages and the war in Ukraine continue to affect global markets, says Interact Analysis report, which expects price rise to continue into 2023.Read more

Budget 2023: The manufacturing fine print

Global commodity supply continued to be disrupted due to intensified Russia-Ukraine war and re-emergence of Covid-19 in China. Read more

Despite slowdown, global manufacturing industry grew 3.8% in 2022

According to Interact Analysis, machinery sector growth outperformed manufacturing in 2022. The US manufacturing industry performed strongly and the Americas growth rate hit 6.9% in 2022, compared to 3.3% for Asia Pacific and 2.6% for Europe.Read more

Cobots: Small size, BIG impact

The global collaborative robot (cobot) market is expected to grow from $ 1.23 billion in 2022 to $ 11.04 billion by 2030 at a CAGR of 31.5 per cent. Today, cobots (which are small in size and less costly) can perform a similar range of activities when compared to traditional industrial robots. Hence, they can have a big impact on India’s manufacturing sector, says Rakesh Rao. Read more

Cobot market is expected to exceed $ 2 billion by 2026

In this interview with Rakesh Rao, Maya Xiao, Senior Analyst, Interact Analysis, talks about changes in collaborative robot technology and their applications over the years.Read more

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