With US President Trump’s ever-changing tariffs, market intelligence specialist Interact Analysis has revised down its forecasts for manufacturing sector growth across the major economic regions, predicting that the manufacturing recovery will now gain momentum in 2026 rather than 2025.
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According to Interact Analysis’ newly published ‘Motion Controls Market – 2024’ report, the global motion controls market declined by 6.9 percent in revenue terms in 2024, equating to a loss of over $900 million. Posting revenues of $12.3 billion during 2024, this loss follows a period of unprecedented growth.
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The market for machine-integrated robots is gaining momentum, with steady growth forecast for the market over the coming years, despite sluggish overall growth in the industrial automation market.
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Despite short-term challenges, the long-term outlook for the global manufacturing industry is positive, according to market intelligence firm Interact Analysis.
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The global market for precision gearboxes and geared motors used in mobile robots is predicted to have a CAGR of 45.9 percent out to 2028. This large growth will far outperform the wider automation market. Planetary precision gearboxes and geared motors will be the gearbox with the largest growth.
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Overall global industrial robot shipment volumes exceeded 500,000 units in 2023, according to global market research firm Interact Analysis.
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The global collaborative robot (cobot) market topped $1 billion in revenues during 2023, despite overall demand recovering more slowly than expected post-pandemic, according to new data from Interact Analysis.
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The overall outlook for global manufacturing is challenging for this year, with many companies reporting a decline in orders and most regions expected to see a contraction.
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