Impact of COVID-19 on the Global Engineering and Automation Market and Outlook 2020-2021

Impact of COVID-19 on the Engineering and Automation Market Outlook

The COVID-19 outbreak has revealed several challenges for the engineering and automation sector. The industrial automation sector was witnessing a slow growth even before COVID-19 struck due to declining industrial production and flat capital expenditure.

The virus has since led to the closure of factories, with workers across the globe sent home on quarantine. It has laid bare the fact that, despite a lot of hype over the years, advanced factory automation has not yet replaced human workers at scale.

This exclusive report by EMR explores the outbreak of COVID-19, its impact on the global and regional economies, and its implications on the engineering and automation sector. The report studies the impact of the crisis on the global economy by assessing parameters like consumption, GDP, business investment, residential investment, inventory, and governmental policies and decisions. The regional economies analysed for Q1 2020 till Q4 2021 are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Keeping in mind the prevailing conditions, EMR’s new report titled, the ‘Impact of COVID-19 on the Engineering and Automation Market’, gives a holistic understanding of the exposure of the automotive and transportation sector to COVID-19, covering markets such as:

• Industrial Equipment
• General and Heavy Engineering
• Robotics, Industrial Automation
• Electrical Systems and Components
• Testing
• Inspection and Certification

For each of the above segment, the EMR report also gives an in-depth understanding of both the supply and the demand sides of the market by analysing:

• Key Parameters
• Price Variations of Key Raw Materials
• Production Shutdown
• Cash Flow Constraints
• Supply Chain Disruption
• Labour 
• Lockdown Impact
• Consumer Sentiments

With a focus on helping business leaders navigate through the shifting landscape, EMR also proposes some key short and medium to long term policies that look towards future growth while minimizing the economic damage.

Our experts at EMR leverage proprietary data, models, and expert opinion to provide timely insight into what the emerging pandemic means for the current needs of the market and future strategies of the industry players. We concentrate on helping our customers better understand the economic challenges, conditions, and uncertainty faced across all markets around the world. COVID-19’s impact on the engineering and automation sector may take an extended period to correct, but global players can refer to our detailed report showcasing the impact on various sectors and mitigate risk in advance.

We have also updated all our reports considering the impact of COVID-19 coronavirus on the various industries. Check out the reports in other categories to get a deeper understanding of how the COVID-19 has been impacting your industry.

Key Highlights of the Report