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Strategies & Market Trends : ABB (Asea Brown Boveri) ADR
ABB 18.42-1.2%4:02 PM EDT

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From: JakeStraw3/8/2019 2:19:57 PM
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Industrial Robots Are Marching Into U.S. Factories At Record Pace
Industrial robots are spreading out from automotive factories into a host of other industries, ranging from food production to electronics manufacturing.

Last year, shipments of industrial robots to companies in North America rose 7% to a record 35,880 units, according to the Robotic Industries Association. In a major shift, the increase was fueled by nonautomotive companies, it said.

Robot shipments for food and consumer goods companies jumped 48% last year. Other industries showing notable growth include plastics and rubber, up 37%; life sciences, up 31%; and electronics, up 22%.
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