article thumbnail

Robots are becoming more flexible and resilient

Control Engineering

Industries that stand to benefit the most include food and beverage, pharmaceutical, manufacturing, logistics and construction as companies are trying to fill labor shortages to keep operations running efficiently. to 2030 to reach a value of more than $88 billion.

article thumbnail

Global manufacturing industry growth reached 3.8% in 2022

Control Engineering

Machinery sectors have performed better than the manufacturing sector overall, and despite current challenges the next global downturn for manufacturing is not expected until late 2025 or early 2026. The next manufacturing downturn is expected in 2026, but to a lesser extent than in 2020. in 2022, compared to 3.3%

article thumbnail

Modest global manufacturing growth expected

Control Engineering

Despite this, the impact on China is anticipated to be less than that of the pandemic and lockdown measures that were put in place in 2020. From an industry perspective, chemicals and pharmaceuticals manufacturing will enjoy the highest growth rate in China, reaching 4.7% manufacturing shrank by 4.3% In 2022, U.K.