Market Trends in Power & Motion - Feb 9th, 2024
 
 
Market Trends in Power & Motion | View online
 
February 9, 2024
The global machine vision market is forecast to grow 6.4% through 2028, driven by increasing automation in various industries.
Metalforming companies are optimistic about business activity during the first 3 months of 2024.
As more electric options come into play and an economic slowdown is expected, positive sentiments remain for the hydraulics and pneumatics industry.
Ken Baker, CEO of Bailey International, sees opportunities ahead for the hydraulics industry even as the global economy heads toward a slowdown.
Increased use of automation in the manufacturing industry is driving growth for motion control systems reports research firm MarketsandMarkets.