Industrial Automation Sales Could Triple to $217 Billion: BI Replay
Tightening labor supply and rising costs mean discrete factory-automation sales could almost triple to $217 billion by 2035, based on a Bloomberg Intelligence market-size model that projects a GDP-busting CAGR of 9%, led by Asia and helped by reshoring out of China. Extended destocking, along with China’s struggling economy and manufacturing sector, continue to drag on earnings at companies such as Siemens, ABB and Rockwell, masking a longer-term secular growth story where digitalization and decarbonization will power all peers, including Keyence. Join Bloomberg Intelligence’s industrials analysts Omid Vaziri, Takeshi Kitaura and Mustafa Okur as they discuss their latest deep dive report findings.