robot market

A slow U.S. economy and high interest rates have taken a toll on robot orders in North America, 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% decline in robot orders and 20% drop in value over the same period in 2022.

A new report released yesterday by the global automation marketplace HowToRobot.com in collaboration with the Association for Advancing Automation (A3) provides fresh insights into Canada’s robot and automation suppliers. The study uncovers key trends in the industry, mainly driven by integrators that service the manufacturing sector, including the metal, machinery, and automotive industries. However, it also highlights growth in the healthcare and energy sectors.