The North American robotics market saw a decline in both units ordered (down 7.9 percent to 15,705 units) and revenue (down 6.8 percent to $982.83 million) during the first half of 2024 compared to the same period in 2023.
Despite some bright spots in specific industries, the overall performance reflected in the latest report from the Association for Advancing Automation (A3) shows a pullback in robotics investments across key areas, influenced by ongoing economic headwinds faced by North American manufacturers during the first six months of 2024.
Jeff Burnstein, president, A3, says: “Rising inflation and borrowing costs have dampened spending on robotics, with many companies opting to delay major investments. [Read more…] about Robot orders in North America ‘down 8 percent in first half of 2024’