BLOG

Top Trends in the Industrial Robots Market – Influences in the Future of Automation

Nov 2, 2017

The importance of industrial robots is ever-increasing in the manufacturing sector as more and more companies resort to automation. These industrial robots not only reduce the effort required from humans but also operate in conditions and environment that are hostile for humans to work. Additionally, these machines are so technologically advanced that it can produce a large volume of output without any errors. According to a recent report from SpendEdge, the market for industrial robots is expected to grow at a rate of over 12% each year, owing to increasing industrial automation along with high demand from the automotive sector.              Request Free Sample

Trends in the Industrial Robots Market

Increasing Adoption of Collaborative Robots

In an industrial setting, robots are traditionally kept in cages, like a tiger in a zoo, for the safety and protection of the workers. However, in recent times, collaborative robots, also known as cognoscenti, are increasingly being adopted in the industrial robots market. Collaborative robots come with enhanced safety and security features such as embedded force sensors, speed adjustment, and smooth and round arms. It can also be used by SME as no programming is required and costs relatively less than conventional robots, which ranges around US$25,000-US$30,000.

Emergence of Robotics as a Service

Traditional industrial robots are very expensive, costing companies on an average of US$60,000-US$80,000. This hinders the adoption rate among SMEs. To tackle such issues Robotics as a Service has been on the rise, which provides rental service on an hourly or activity basis. Consequently, companies do not have to spend a significant amount of capital on procurement costs associated with industrial robots.

Growth of Mobile Industrial Robots

Conventional industrial robots such as SCARA robots are fixed to a specific location and lack mobility. It also leads to underutilization of workspace and high human mobility, which increases the overall costs associated with the robots. Mobile robots such as UAVs, UGVs, polar robots, and autonomous guided robots are capable of navigating in operational facilities and eliminates additional setup costs. For instance, these robots can be used in painting an aircraft at a much faster rate than stationary robots.

Read more about the trends in this market along with supplier landscape, pricing strategy, articulated robot manufacturers, automation robotics manufacturers, sourcing strategy, and procurement best practices in SpendEdge’s upcoming report on the global industrial robots market.

CTA view full reportRelated Articles:

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars