Thursday, March 07, 2019 10:50 AM

INDUSTRIAL ROBOTS MARCH INTO US FACTORIES AT RECORD PACE - INVESTOR'S BUSINESS DAILY

Industrial robots are spreading out from automotive factories into a host of other industries, ranging from food production to electronics manufacturing.

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Last year, shipments of industrial robots to companies in North America rose 7% to a record 35,880 units, according to the Robotic Industries Association. In a major shift, the increase was fueled by nonautomotive companies, it said.

Robot shipments for food and consumer goods companies jumped 48% last year. Other industries showing notable growth include plastics and rubber, up 37%; life sciences, up 31%; and electronics, up 22%.

Meanwhile, shipments of robots to automakers fell 12% as those companies curtailed capital equipment spending. The auto sector still accounted for 53% of total shipments. But that's its lowest percentage share since 2010, the trade group said.

Industrial Robots: Healthy Sales Growth

The generally upward trend is positive for major robot vendors, including the "big four" of industrial automation: ABB (ABB[1]), Fanuc, Kuka and Yaskawa Motoman. Others include Denso, Kawasaki, Lincoln Electric (LECO[2]) and Teradyne (TER[3]).

"The health of the industrial ...

News source: GOOGLE NEWS

See also: Lyle Industries