article thumbnail

2023 robot orders down 30% from 2022 in North America, according to A3

Robotics Business Review

The organization said it expects the slowdown, particularly in automotive manufacturing, to continue until the second half of 2024. economy, higher interest rates, and even the over-purchasing of robots in 2022 from supply chain concerns,” said Jeff Burnstein , president of A3, in a release. 20 to 22, 2025 in Orlando, Fla.

Robotics 102
article thumbnail

North American robot orders decline in 2023, A3 report finds

Automation Mag

Companies purchased 31,159 robots in 2023, compared to 44,196 ordered in 2022 and 39,708 in 2021. These 2023 orders were divided almost equally among automotive (15,723 robots sold) and non-automotive companies (15,436 robots sold). This resulted in an increase of 20 percent over the previous quarter (Q3 2023).

Robotics 112
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Accenture, Mujin form robotics integration joint venture

Robotics Business Review

Accenture said many of the world’s largest pharmaceutical and food companies use technology solutions from Pollux in their Brazil operations. In 2022, Accenture acquired Eclipse Automation, a provider of custom automation and robotics solutions for manufacturing applications.

Form 119
article thumbnail

Frost & Sullivan Recognizes Future-Ready Companies at the India Manufacturing Excellence Awards 2022

Frost & Sullivan Manufacturing

Over the past 17 years, Frost & Sullivan has assisted automotive, industrial engineering, FMCG, pharmaceutical, healthcare, and metals-based organizations to advance their manufacturing capabilities, extend supply chains, and optimize production systems.

article thumbnail

Robot orders down in first quarter of 2023

Control Engineering

According to the latest report from the Association for Advancing Automation (A3), companies ordered 9,168 units valued at $597 million in Q1 2023, a 21% drop in total units and a 10% drop in value over the same quarter in 2022, which was the third-best quarter on record for North America.

article thumbnail

Automation mergers, acquisitions, capital markets analysis: September 2022

Control Engineering

To further the point, the automated material handling systems market is projected to grow to $70 billion by 2032, which is a 2022 – 2032 compounded annual growth rate of 9.4%.(1). As we finish out 2022 and then begin 2023, the Bundy Group team is witnessing numerous positive fundamentals that will continue to impact automation businesses.

article thumbnail

Demand for Robot Vision System is Anticipated to Reach US$ 7,236.2 Million by 2033

i4.0 today

The market is expanding as a result of increased adoption of machine vision systems and the use of cognitive humanoid robots in end use industries such as automotive industry and others. CAGR between 2018 and 2022. Key Takeaways from Market Study The global robot vision system market is projected to reach the valuation US$ 7,236.2