A slow US economy and high interest rates have taken a toll on robot orders in North American, resulting in a decline for the second quarter in a row after record purchases in 2021 and 2022.
According to the latest report from the Association for Advancing Automation (A3), companies ordered 7,697 robots valued at $457 million from April to July 2023, a 37 percent decline in robot orders and 20 percent drop in value over the same period in 2022.
When combined with first quarter results, the robotics market in North America is down 29 percent compared to the first half of last year with a total of 16,865 robots ordered. [Read more…] about North America industrial robot orders drop for second quarter