I know, elizabeth Interesting variance. Not sure what the difference is. Could be that the robot numbers are a brief dip in an otherwise growing market. With the huge emphasis on automation (given increases in labor costs across Asia) I would think all products related to automation would be on the rise.
As we discuss in my blog on the robot report, and the blog's comments, the demand for industrial robots is cyclic because of their use in specific vertical markets, mostly automotive and electronics, due to cycles in the products they assemble. But that demand also fell overall by only 4%.
OK, got it, so there is a distinct difference between machines for automation and robotics, of course, and the two aren't directly related in terms of demand. Makes sense. And Ann also made the point about the cyclic nature of industrial robotic demand. Still interesting to note!
Thanks Ann. I would think the multi-year trajectory on robotics has to be upward given the increasing reliance on automation. But certainly economic conditions can delay capital expenditures no matter how well argued the ROI.
@Rob: Yes in practical terms yes it will delay but I feel that delaying technical developments due to any instance is not advisable at all. Developments are always revenue generators. Maybe in the longer run but still an asset
Thanks Rob for such an interesting article , no doubt economy is directly related to the rise of industrial machinery. Higher demand of cars in the worldwide is spurring the requirement for more spending on toolsnd robotics in the automotive business at the same time in rubber and plastic segments .
We can say that demand is directly proportional to the rise in industrial machines which in return is related to the economic conditions of the country. We can see that as more and more awareness of green technology is arising in people demand for industrial machines in photovoltaics and wind turbine is increasing simultaneously .
I feel our government could do a great deal more to insure the health of the machine tool, robotic systems, and automation industries in our country if regulations could be altered to aid efforts in bringing back manufacturing. Industry Week had a great article two or three weeks ago about "on-shoring" and stated we were poised for double-digit growth in the machine tool industry provided the FED could ease regulations. There were not necessarily talking about environmental issues but basic tax structure and red tape associated with industrial growth and improvements to existing facilities. No doubt the Pacific Rim will continue growing with China the leading force. As I recall, China had a 7.4% increase in GDP last year and is on track to improve that number. This is, for the most part, an improvement in manufacturing and subsequent exporting. Great post Rob.
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