2016 was the best year ever for sales of industrial robots in all of U.S. history. A total of 34,606 robots valued at $1.9 billion were sold — a 10% increase over 2015.
In the fourth quarter of 2016 alone, North American orders for robots rocketed higher by 21%. This tells me that not only is growth accelerating, but that even more growth is coming soon.
Jeff Burnstein, president of A3, or the Association for Advancing Automation — an umbrella company that specializes in driving automation forward — shares the same viewpoint.
“We anticipate accelerated growth based on smarter, more connected and more collaborative robots in the coming years,” said Burnstein recently.
However, growth in robotics isn’t just taking place in North America. It’s a global phenomenon. Just take a look at this chart:
2015 was a record year for global robotics, and even though 2016’s numbers aren’t final yet, it’s likely that global sales are going to be at a record high as well.
I’ve been telling readers for some time now how to get in on the robotics trade, and it’s not too late for you to join in. Subscribers of my Profits Unlimited service have been seeing solid gains on their robotics stocks.
That’s because, according to research done by the International Federation of Robotics, 1.4 million robots are set to be installed around the world by 2019. In other words, massive growth is still ahead.
This is why I’ve been telling readers to buy into the Robo Global Robotics and Automation Index ETF (Nasdaq: ROBO), an exchange-traded fund that focuses on one aspect of the Internet of Things revolution, since December 2016.
If you had followed this suggestion when I first recommended it, you’d be up 10% already versus 5.5% for the S&P 500. However, as I mentioned earlier, it’s not too late to get in on this trade because there’s still plenty of growth ahead.
Editor, Profits Unlimited
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