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Robot Sales Decrease By 30% In 2023


Latest reports show that robot sales plummeted by 30% last 2023 due to a combination of factors such as a slower economy and higher interest rates. Interestingly enough, a turnaround in companies in non-traditional robotics markets is looking into robotic automation, which could indicate better Q4 results for robot sales in 2024.

In a release, Jeff Burnstein says, “While robot sales naturally ebb and flow, the return to more typical robot sales after the last two record years can likely be attributed to a few obvious issues: a slow U.S. economy, higher interest rates, and even the over purchasing of robots in 2022 from supply chain concerns.” The president of A3 continues by saying, “We’ve seen a slowdown in the manufacturing of electronic vehicles this year along with fewer new distribution centers, both likely reducing the demand for robots.”.

Robot Sales Decrease By 30% In 2023

To put things into numbers, reports show that companies only purchased 31,159 roots in 2023 compared to previous years when they purchased 44,194 in 2022 and 39,708 in 2021. Be that as it may, the strongest demand for robots from non-automative companies in 2023 came from the metal industry, semiconductor and electronic/photonics, food and consumer goods, life sciences, pharmaceutical and biomedical, plastics and rubber, and others.

This shows that more industries that are not necessarily into the traditional robotics markets are looking into incorporating robots into their workflow and systems. As Burnstein says, “…both are promising signs that more industries are becoming increasingly comfortable with automation overall.”.

While robot sales did decrease in 2023, the future still looks promising for the industry.

Sota Takahashi

Sota Takahashi is a Japanese-born electrical engineer. At the age of 18, he moved to Seattle and completed his Electrical Engineering degree at the University of Washington, Seattle. Being a fan of all things tech, he channels his geeky side through this website, and with his wife Linda, shares knowledge about robot pets and how they can be lifelong and advantageous companions for both children and the elderly.

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