Strongest First Quarter on Record with $507 Million in Shipments

ANN ARBOR, MI  – A record number of robots were shipped to North American companies in the first quarter of 2018, according to the Robotic Industries Association (RIA), the industry’s trade group. Both units shipped and shipment revenue achieved record levels. New robot orders decreased over the same period, but still posted the second best quarter ever to begin a year.

Robot shipments reached new heights, with 10,730 robots valued at $507 million shipped to North American customers in the opening quarter of the year. This represents growth of 22 percent in units and three percent in dollars over the same period in 2017. North American customers ordered 8,161 new robots valued at $437 million in the first quarter, which is the second best start to a year ever despite contractions of 17 percent and 15 percent respectively from the first quarter of 2017 (the all-time high).

Growth in Non-Automotive Soars

Growth in non-automotive related industries soared in the first quarter of 2018. Notable industries which experienced the most growth, in terms of units shipped, were life sciences (262%), plastics/rubber (130%), and food/consumer goods (64%). Shipments to the automotive OEM sector were down 43 percent, while units shipped to the automotive component industry increased 42 percent.

Read the entire article in A3Automate.org here.