Stories

Steve LeVine May 8, 2017
SaveSave story

Robot sales are just getting started

Robot sales are surging in North America, with automotive and other companies snapping them up at a record pace for a second straight year. According to industry figures, robotics companies made $516 million in sales in the first quarter, up by about 28% over the same period in 2016.

Between the lines: The report follows a record 2016 for robotics sales, and consensus forecasts of continued double-digit revenue increases for the industry for the next five years. This gives a hard foundation to projections of a vast robotization of industry and job categories over the coming years, with the potential for a massive impact on employment.