Interact Analysis
Articles
Global manufacturing industry recovery in 2025 to follow sluggish 2024
The global manufacturing economy will remain sluggish in 2024 and is forecast to expand by just 0.6% compared with last year.
Industrial robot forecast remains positive despite recent headwinds
Despite troubles over the last few years with sluggish growth, particularly in the Americas, overall projections for the industrial robot market remain positive.
Cobot market exceeds $1 billion in 2023; strong future growth expected
The global collaborative robot (cobot) market topped $1 billion in revenues during 2023 and strong growth is expected through to 2028.
Global manufacturing growth expected after tough 2024
The global manufacturing industry is expected to have a tough 2024, but overall growth is expected for the next several years.
Long-term market growth expected for low-voltage ac drive market
While the low-voltage ac drive market will contract in the short-term, the long-term outlook remains positive according to Interact Analysis research.
Machine vision market to rebound with steady growth
The machine vision market will return to single-digit growth in 2024 following declines in 2023 and will grow by more than 6% by 2028.
Low-voltage ac motor market to see minor contraction in 2024
The low-voltage ac motor market is expected to contract slightly in 2024, but will grow again in 2025 according to Interact Analysis.
Slowdown anticipated for geared products market
Interact Analysis’ research found many gearbox suppliers observed a slowdown in 2023 and is expected to continue in 2024.
Global manufacturing output to grow only 0.3% in 2024
Manufacturing growth is expected to be slight in 2024 due to economic concerns with inflation, but there are positive signs for the future.
Ultra-low voltage motors market expected to have double-digit growth
The ultra-low voltage motors market is expected to be worth $6.5 billion by 2027 and growing more than 12% during that period as demand, particularly for robot applications, increases.
Semiconductor slump challenges global manufacturing growth
The semiconductor industry is experiencing a downgrade with production declining, but orders are filling according to Interact Analysis.
Motion control market showing steady growth in 2023
The global motion controls market is expected to be worth almost $19 billion in 2023 and reach $22 billion by 2027.
Industrial robot component market value projected at $18 billion
Interact Analysis reported the industrial robot component market will be worth $18 billion by 2027 with Japan and China being the largest markets.
Global robot market growth projected to be steady
Interact Analysis reports robot revenues and industry growth will remain steady over the next five years thanks to high demand, particularly for robots in the electric vehicle (EV) market.
Robotic picking market rapidly growing due to increased automation adoption
The robotic picking market, which is still in the early stages of growth and development, is expected to grow to an almost $7 billion industry by 2030.
Mobile robot components market projecting strong growth
Interact Analysis research shows mobile robot components are expected to rapidly grow to 2027 due to a high demand for order fulfillment robots.
Application scenarios key to collaborative robot market success
The collaborative robot market will enjoy modest growth out to 2032, with annual growth rates sitting at around 20%.
Ultra-low voltage drives market to grow
Interact Analysis research reported global ultra-LV drives market are worth $753 million in 2021. AMR/AGV account for 11% of total market revenues in 2022.
Modest global manufacturing growth expected
Global manufacturing growth will be constricted in 2024, but will rebound by 2027 according to an Interact Analysis report.
Global manufacturing industry growth reached 3.8% in 2022
Regionally, the US manufacturing industry performed strongly last year, with the Americas growth rate hitting 6.9% in 2022, compared to 3.3% for Asia Pacific and 2.6% for Europe.
Low voltage ac drive unit sales grow thanks to strong Asia market
Interact Analysis reported that strong unit sales in the Asia-Pacific (APAC) region increased growth in the low voltage ac drive market to more than $14 billion in 2022.
Geared products market to grow by 7.2% in 2022
With steep drops in commodity and freight costs anticipated in 2023, falling prices will see 2022's rapid growth rate slow.
Low-voltage ac motor market grows 21.2% in 2022
Rising prices helped the low-voltage ac motor market grow by more than 20% in 2022, but price declines are expected in 2023.
Global manufacturing output growth at 3.9% in 2022
Pressure on the economy has contributed to a downward trend in global manufacturing output growth according to an Interact Analysis report.
Global motion control market grows more than 20% in 2021
The global market growth in motion controls jumped more than 20% in 2021 and is expected to have slower, but still strong, growth through 2026.
Industrial robot market worth over $11 billion in 2021
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 market grows in 2021
Mobile hydraulics grew from 2019 to 2021 thanks to a boom in material handling and increased demand for construction equipment.
China to ship majority of collaborative robots in 2023
Collaborative robot growth remains strong worldwide and China will be shipping more than 50% of the robots by 2023.
Global manufacturing production to hit $44.5 trillion in 2022
Research from Interact Analysis projects that total manufacturing industry output will grow by 4% in 2022 to $44.5 billion.
Manufacturing output strong in 2021
Interact Analysis reported an 8.3% growth for the manufacturing industry in 2021, which is a rebound from 2020.
Motion control market future looking bright
The motion control market had a strong 2021 thanks to high demand and the future looks equally bright according to an Interact Analysis expert.
Geared products market projected to have strong 2022
Interact Analysis projects the geared motor and industrial gear market will continue its rebound in 2022 with 8.4% growth year over year (YoY).
Industrial robot component revenues to exceed $9 billion by 2025
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.
Solid growth rate projected for the LV drives market in 2021
EMEA regions suffered the greatest drives market decline in 2020, shipping costs and supply issues continue to pose problems, and global revenues will recover to pre-pandemic levels by 2022.
Mobile robot market revenues rise despite COVID-19 delays
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.
Slower than expected manufacturing recovery expected post COVID-19
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.
Global manufacturing contraction lower than expected in 2020
The manufacturing industry output (MIO) tracker from Interact Analysis reveals a stronger than expected overall global manufacturing performance in 2020.
Collaborative robot market predicted to surge
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.
Motor, industrial gears market expected to recover quickly from COVID-19 impact
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.
Global manufacturing outlook post-COVID mixed depending on sector, region
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.
Collaborative robot market rapidly expanding according to report
Interact Analysis projects strong growth for the collaborative robot market as non-automotive industries become more invested in the technology.
Europe expected to be fastest-growing market for lithium-ion batteries
Interact Analysis reports Europe will be the fastest growing market for lithium-ion batteries with energy storage being the fastest growing sector.
Autonomous mobile robot shipments achieve record high in 2018
More than 20,000 autonomous mobile robots (AMRs) were shipped in 2018 according to Interact Analysis, which is double the number sold in 2017.