Orders to automotive component markets were down 6.6% in comparison to last year
The Robotic Industries Association (RIA) unveiled that robot unit orders in the US were up 1.6% in 2019, compared to 2018 results, with 29,988 robotic units. The data showed that last year’s order revenue is down 1.3%, closing the year with $1.6 billion.
A 50.5% increase in orders from automotive OEMs (original equipment manufacturer) and a 16.6% increase from the plastics and rubber industry were the largest drivers of the growth.
Along with that, Q4 2019 was the weakest quarter of the year. The data revealed that 6,094 robotic units were ordered, valued at $374 million. At the same time, this represented a decrease of 10.4% in orders and 4.2% in income, compared to Q4 2018.