Adrian has been conducting research on, and managing teams of analysts covering, the technology industry for over 20 years. He has pioneered many data analysis techniques and methods that are used widely by analysts today, as well as having created frameworks for measuring numerous technology markets from industrial automation products to semiconductors.
After an exhaustive effort, we have finalized our assessment of the impact COVID-19 has had on manufacturing output around the world. The below infographic demonstrates some of the key findings from our recently published Manufacturing Industry Output (MIO) Tracker Q1 update.
If you find this content interesting, we have decided to make the full report available to all companies for free. Click here for more information. We are all trying to help each other by giving a little back during this crisis, and this is our way of doing that. We hope that this information contributes to companies making sound decisions to better cope with how they are managing their businesses during this crisis.
The infographic is also available to download in PDF here.
- Interact Analysis expects global manufacturing to contract by 7.5% in 2020.
- The recovery is expected to take some time with manufacturing not expected to exceed 2019 levels until 2022.
- The global machinery market will shrink in excess of 11% in 2020.
- Global industrial production is expected to lose close to $2.8 Trillion of value.
- One of the hardest hit industries is Automotive production which is unlikely to recover properly until after 2024.
- Aerospace will be similarly hit which is expected to contract over 21% in 2020 due to a collapse in demand for air travel during peak times.
- Food & Beverage production will perform best out of the industrial production industries, expecting to grow around 0.5% globally in 2020.
- Of the top 10 largest MIO regions china will recover quickly however is expected to shrink 3.9% in 2020.
- Germany will be the slowest to recover of its top 10 due to its exposure to the automotive industry and reliance on exports.