Robotics, as one specialist states, has generally always been cyclical. Following the 2008-09 financial crisis, there was close to ten years of “unprecedented growth”. But geopolitical factors, trade wars and uncertainty over the future of private mobility have led to a decline in manufacturing, in turn affecting the robotics industry. Despite this gloom, there are signs that the downturn is nearing its end. And, as there is an ongoing need to automate, “the only thing that happens when there is a slowdown like this is that demand is just being built up.” Add to that a forecasted labour shortage, and it’s clear to see that it’s only a matter of time before things pick up.
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