Market Trends in Power & Motion - Jan 12th, 2024
 
 
Market Trends in Power & Motion | View online
 
January 12, 2024
Demand for geared motors and industrial gears is forecast to slow in 2024 before rising again over the next 4 years.
The hydraulics industry continues to see greater integration of sensors, controls and other electronic elements to help monitor and improve performance.
With a mild recession predicted for 2024, fluid power manufacturers should use this time to invest in their business and prepare for the rebound coming in the second half of the decade.
The acquisition of Clearpath Robotics by Rockwell Automation shows interest in mobile robots is growing in manufacturing and other applications.
Gain insights on factors which may drive future growth in the fluid power and electronic motion control sectors.