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

Robotics Business Review

Source: A3 After two years of record sales, North American robot orders declined by 30% in 2023, said the latest report from the Association for Advancing Automation, or A3. The organization said it expects the slowdown, particularly in automotive manufacturing, to continue until the second half of 2024.

Robotics 101
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Remanufacturing in the Automotive Aftermarket Picks Up Pace as the Automotive Industry Increasingly Embraces Circular Economy Models

Frost & Sullivan Manufacturing

Conventional engine, transmission, and affiliated components will represent immediate high-growth opportunities in the automotive aftermarket, while the transition to vehicle electrification will drive investments in electric vehicle (EV) related remanufacturing.

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Remanufacturing in the Automotive Aftermarket Picks Up Pace as the Automotive Industry Increasingly Embraces Circular Economy Models

Frost & Sullivan Manufacturing

By Benson Augustine, Senior Industry Analyst, Aftermarket & Digital Retail – Mobility Rematec, a leading trade show for stakeholders in the automotive remanufacturing ecosystem, was held in Amsterdam in June this year, after a four-year hiatus.

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SFS Extends Market Presence in the Commercial Construction Industry in North America

Fastener News Desk

About SFS Group SFS is a worldwide leading supplier of precision components and assemblies, mechanical fastening systems, quality tools and logistics solutions. Engineered Components comprises four divisions: Automotive, Electronics, Industrial and Medical.

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Industrial Subsectors Seeing Depressed Valuations

Fastener News Desk

Residential construction and automotive manufacturing have shown weakness as buyers take a wait-and-see approach. Some subsectors of industrial services have experienced depressed valuations as they struggle with cyclicality, inflation and supply chain shortages, sources tell Mergers & Acquisitions. Negotiating takes longer.”.

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Bulten Enters Agreement to Acquire All Shares in Exim & Mfr Holdings Pte Ltd

Fastener News Desk

The acquisition is an important part of Bulten’s strategy, which aims for growth outside of the company’s primary customer group of automotive, and to improve risk diversification, as well as margins. The aim is for these to account for at least 20% of sales by 2025. Net sales in 2022 totaled SEK 4,474 million.

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ABB expands robot production and training in Auburn Hills, Mich.

Robotics Business Review

Source: ABB ABB Ltd. Source ABB Customer Experience Center Bubnikovich said ABB’s new Customer Experience Center will “showcase its latest and greatest technologies.” Around the world, ABB’s technology supports the production of electric vehicles, medical devices, electronics, and even pastries.”

Robotics 100