Automation in Manufacturing – Statistics & Facts

Automation in manufacturing statistics and facts infographic imageManufacturing companies are focused on implementing automation technologies to improve business operations.

Understandably, the market for manufacturing automation is expected to grow at 8.7% CAGR from 2022 to 2031. Utilizing modern systems based on IoT, manufacturing industries can enhance their product quality and output.

That’s why famous software magnate Bill Gates said,

“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.” 

Check out the top automation in manufacturing statistics here!

1.    Key Automation in Manufacturing Statistics 

2.    Automation Improves Productivity 

Automation can improve the productivity of tasks like processing, inspection and planning.

  • 76% of manufacturers use automation to improve factory floor productivity
  • Automation can elevate productivity by 0.8% to 1.4% yearly
  • It’ll help manufacturers keep up with customer demands
  • Advanced technologies can address staff shortages
  • Better productivity can lead to a growth of $4.9 trillion by 2030
  • It can increase the manufacturing GDP to 5.3%
  • The overall workforce productivity will increase

3.    Manufacturing Warehouse Development 

Manufacturing industry warehouses are using automation to store raw materials and product parts.

  • The warehouse automation market can grow up to $31.03 billion by 2026
  • North America and Asia Pacific regions are important markets
  • Automation can improve manufacturing warehouse productivity by 27%
  • This helps in securing goods and producing better products
  • Need for warehouse mobile robots will increase by 24%
  • Automated vehicles, drones and IoT will become popular

4.    More Employment Opportunities Through Automation   

Adopting automation can lead to more jobs for technically skilled workers.

5.    What Is The Future Of Automation In Manufacturing?    

Wrapping Up

Around 24% of companies feel automation will help reduce operating expenses. It’s because AI can improve product development, quality assurance, and data management. Further, centralized monitoring, auditing and compliance will also be improved.

Companies are looking forward to developing intelligent factories via cloud computing.