The industrial robotics industry has seen a slowdown in growth in the past two years, with IFR figures showing new sales fell by 12% year over year in 2019. Disruptions to capital spending during the COVID-19 pandemic will weigh in 2020 while IFR has indicated it “may take until 2022 or 2023 to reach the pre-crisis level”. U.S. imports of industrial robots have proven robust in 2020 with a 3.6% year over year rise in Q1, a 0.6% improvement in Q2 and a 6.2% jump in July. The recent growth has been driven by shipments from Mexico and South Korea while those from Japan and Europe have falle...
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