Rising inflation and borrowing costs have dampened spending on robotics, with many companies opting to delay major investments," A3 President Jeff Burnstein noted in a statement.
Despite these challenges, the push for operational efficiency and workforce augmentation continues to drive demand for robotics in industries such as food and consumer goods and life sciences, among others," Burnstein said.
The automotive sector's order numbers increased by 14.4%, while revenue dropped 12%. In contrast, automotive components manufacturers saw decreases of 38.8% in sales and 27.3% in revenue.
Life sciences brought some good news with a 47.9% increase in sales and an 86.7% jump in revenue. Food and consumer goods saw an even stronger increase, up 85.6% with orders and 56.2% with revenue.
Collection
[
|
...
]