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by Stephanie Neil, MA Editorial Staff Posted on Friday, November 24, 2006 8:00:00 AM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Robot orders to North American vendors slump 36% for the first nine months of this year, though demand from non-automotive companies bodes well for a potential industry turnaround, according to Robotic Industries Association report. |
A report released this week by an industry watch group revealed that robot orders to North American-based vendors were down 36% for the first nine months of this year, driven primarily by the persistent slump in the domestic automotive industry. The order decline, however, was not a complete collapse, according to the Robotic Industries Association (RIA) report, as new robot technologies are beginning to permeate other industries, including life sciences, aerospace, and CPG. In fact, non-automotive orders were down just 3% in the first nine months of 2006 compared with the year-earlier period, the RIA noted. Through the first nine months of 2006, worldwide robot orders came in at 10,338 units, valued at $740.1 million, the RIA report estimated. North America accounted for the majority of sales, generating $698.3 million of the industry's total revenues. [Click to continue] |
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