The industrial robot market has, as a result of COVID, done something highly unusual – it has moved from a mature and conservative phase into an exciting, fast-growth, almost start-up-like phase.
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New research from Interact Analysis projects that total manufacturing industry output will grow by 4 percent in 2022, then decline by US$0.2 trillion to US$44.3 trillion in 2023, before rising again in 2024 and 2025.
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After a serious contraction in sales in 2020, the cobot market experienced a resounding 40 percent growth rebound in 2021, exceeding its 2019 market size.
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Figures for 2020 – 2021 show that the global Li-ion battery market is moving into surge mode. According to Interact Analysis’s newly-released Li-ion battery database, global shipments in 2021 equated to 476.3GWh, amounting to a 72.6 percent increase on 2020, and that wasn’t a blip.
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Industrial robots used to be a mature market. That’s changed. COVID-19 has turbo-charged factory automation, transforming robots into an exciting, fast-growth area again, and one that’s attracting considerable new investment. Here, Maya Xiao, senior analyst at Interact Analysis, explains how and why.
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Maya Xiao, Senior Analyst at Interact Analyst discusses how the collaborative robot market is performing as we come out of COVID.
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Chinese manufacturing output emerged from 2020 relatively unscathed due to strong COVID-19 measures. The Chinese economy has now slowed down, and competitors are catching up.
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New research from Interact Analysis shows that the pandemic has had marked effects on the manufacturing industry. Whilst many machinery sectors are enjoying double-digit growth, other areas continue to suffer due to supply chain issues and chip shortages.
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