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But first, after two years of flying high, industrial robot orders dropped by nearly one-third last year,

per the Association for Advancing Automation, A3, 31,159 industrial robots were purchased

by North American companies in 2023, down from 44,196.

That makes a 30% drop for this key market.

The number is also down, albeit less so, from 2021's 39,78.

The drop is certainly a precipitous one worth examining.

What it isn't, however, is a complete surprise.

Last August, we cited a report from the industry group noting a 37% year-over- year dropped for the second quarter of

2023. That was the second straight quarterly decline for the industry. These

numbers throw a bit of cold water on what has been regarded as a white-hot industry dating back at least to the

beginning of the pandemic.

There is no doubt some cause for concern among robotics manufacturers.

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