Manufacturing jobs face the gravest threat from robots. Countless jobs have already been lost to automation.
That is likely to continue around the world, especially as emerging markets like China modernize their factories and grapple with demands for higher wages. The global industrial robot market will more than double by the end of 2025 to $24 billion, BofA said.
There are many stocks around the world with exposure to industrial automation, but BofA singles out Rockwell Automation (ROK). The company products helps auto makers make more efficient cars.
Other U.S.-listed stocks with somewhat medium exposure to industrial robots include: Eaton (ETN), Emerson Electric (EMR), Honeywell (HON), Parker-Hannifin (PH) and Teradyne (TER).
