For 2020, the growth rate of global machinery production (MP) and industrial automation equipment (IAE) have been revised upward by 1.2 point and 1.3 point from the Q2 tracker, to -13.6% and -8.8% respectively. With lockdown restrictions continuing to ease in most parts of the world, increased production activities have led to a gradual recovery in demand for automation equipment and machinery. Additionally, the widespread deployment of government stimulus policies and investment provides favorable conditions for the automation equipment market. Those policies will also help new machinery sales in the long run but are unlikely to affect the outlook for 2020. Omdia predicts that the decline of industrial automation products will gradually recover at a faster pace than machinery production in 2020. Machinery production is still predicted to only have a notable recovery in the second half of 2021.
The Analyst Team
Lisa Wang
Data Transformation, Manufacturing Technology
As part of Omdia’s Manufacturing Technology team, Lisa Wang is the lead analyst of industrial automation equipment market tracker, with a specific interest in global automation equipment and China machinery production market.
Lisa provides analysis on a detailed overview of the major automation equipment markets for regions, the product driving forces and the industry trends that influencing the markets. She also focusses on machinery production and automation equipment market in China.
She holds a bachelor’s degree in Marketing from Tian Jin University of Commerce.
Teik Chuan Goh
Analyst, Manufacturing Technology
Teik Chuan (TC) Goh is an Analyst in the Manufacturing Technology group at IHS Markit. His focus is researching and analyzing global machinery sectors, which includes materials handling machinery, machine tools, and food and beverage machinery. He also assists with producing the quarterly updates of the global machinery production market tracker and the industrial automation capital expenditure tracker. Prior to joining IHS Markit, TC Goh was a Server and Storage Advisor at Dell. He was involved in deployment, performance management and designing server clusters for Dell’s premium customers. TC holds a degree in Computer Science from the University of Greenwich, UK. He is based in the IHS Markit office in Pulau Pinang (PENANG), Malaysia and can be contacted at teikchuan.goh@ihsmarkit.com
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