Association for Advancing Automation’s latest report shows 37% fewer robots were purchased in April through June of 2023 than during the same period in 2022, a record year; downturn exacerbated by slow economy and high interest rates
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Broadly speaking, the pandemic has been a gamechanger for automation broadly and robotics specifically. Per new numbers from the Association for Advancing Automation (A3) whose job it is to track such things North American robot orders declined a substantial 37% year-over-year for Q2 (April to July). Before you go entirely doom and gloom, keep in mind that 2022 was a record year, with 44,196 orders.