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WD Bearing Group recently launched a new joint venture specializing in the R&D and production of precision angular contact ball bearings with a precision level above P4. These high-precision bearings are designed for use in machine tool spindles, industrial robot reducers, construction machinery travel reducers, and compressors.
Schaeffler has recognized 23 suppliers for outstanding performance with the Schaeffler Supplier Award at this year’s Supplier Day in Herzogenaurach. In front of 450 guests, Georg F. W. Schaeffler, family shareholder and chairman of the supervisory board of Schaeffler AG, and Klaus Rosenfeld, chief executive officer of Schaeffler AG, presented the awards in the five categories of Innovation, Sustainability, Value, Quality, and Supply Chain.
Overall global industrial robot shipment volumes exceeded 500,000 units in 2023, according to global market research firm Interact Analysis. This was a similar level to that seen in 2022 but the average price of industrial robots decreased last year. After a record high in 2021, 2023 reached a low point in terms of revenues and shipments but the long-term forecast remains positive. The global industrial robot market is expected to grow on average, by 3.7 percent per year between 2024 and 2028.