Market Insight

15-July Monthly Update : Machinery Production and Industrial Automation Equipment Market

July 24, 2020  | Subscribers Only

Want to learn more?
Have an expert contact you.

For 2020, the growth rate of global machinery production and industrial automation equipment (IAE) have been revised to -14.6% and -10.1% respectively. While IAE forecasts remained consistent with Q2, a marginal improvement was seen in machinery production. Omdia still believes that spending on new machinery and plant expansion will be kept to a minimum as there are still too many variables at play. The impact of COVID-19 has meant that manufacturers need to re-imagine traditional production processes to incorporate social distancing, apply protective measures, and introduce new equipment.

Research by Market
Manufacturing Technology
Share facebook Twitter Google Plus Linked In Add This Contact Us