Industrial Automation & Robotics
As consumer demand grows, industrial manufacturers are increasingly looking to realize greater efficiencies through cost controls and automation. According to Transparency Market Research, the global industrial automation market is anticipated to reach a valuation of $352b by the end of 2024 vs. $183b in 2015. Between the forecast years of 2016 and 2024, the global market is expected to expand at a CAGR of 6.6%.
- Current revenue growth rate exceeds the average of the last 3 years, indicating that market momentum is increasing
- Current gross profit margin exceeds the average of the last 3 years gross profit margin, indicating supplier pricing power
- Current EBITDA margin is less than the average of the last 3 years EBITDA margins, which may signal further consolidation