Why you should invest in robotics & robot automation?
Robot automation & robotics equipment are easier to calculate the Return on Investment (ROI) than when you are investing in a share or stock market. In fact, we can say that manufacturing is probably losing money if they don’t have robots in their automation process. So, let's look in more details some of the robotic statistics.
Robotic Industry Trends and Projections for 2022
Between 2020-2022, there would be a 12% increase in shipments of robots worldwide. (Source: IFR) Statistics on robot sales indicate that this could drive the yearly robotics unit sales from 465,000 in 2020 to 584,000 units in 2022. However, the IFR points to the increasing need for automation in manufacturing processes, plus advancements in technology to be the primary driving force within the forecasted period of increased robotics unit sales.Global Robot Installations will Raise Again
According to IFR Reports “Global robot installations are expected to rebound strongly and grow by 13% to 435,000 units in 2021, thus exceeding the record level achieved in 2018,” reports Milton Guerry. “Installations in North America are expected to increase by 17% to almost 43,000 units. Installations in Europe are expected to grow by 8% to almost 73,000 units. Even though, the tendency of robotics sales is increased, why are some small and medium enterprises are concerned.
Robotics Investments for SMEs
Lower levels of robot automation investment among small and medium enterprises (SMEs) may be due to the concerns over the costs, although the falling cost of robotics technology may make automation more accessible to small and medium companies.
Sectors indicating the highest levels of robot automation are heavy industry, medical devices, and building products. Our economy also highlighted differences between UK manufacturing sub-sectors.
In which areas your business has the greatest opportunity for future investment in Industrial Robots & robotics equipment?
Manufacturing parts see an opportunity for automation, many other areas such as assembly, packing, machine loading, and palletisation are also increasing. Therefore, these and other applications are increasing each year. Companies may have the opportunity to invest where there is greater potential to increase productivity.
Why more and more companies are investing in robots? Big enterprises such as Google Inc. has been acquiring multiple robotics companies for over two years, but Google is primarily an online adverting company that trades. Other big enterprises such as Apple Inc. and Amazon.com Inc. are interesting, but not pure investment plays in robot automation.
Companies would like to have more information from suppliers about how automation will improve their business before their invest in robot automation or any robot equipment, Phoenix would provide you with the most recent information to help you to take this very important decision.
What areas will impact investing in robot automation or robotics equipment?
There are numbers of areas that will increase when investing in robot or robotics equipment, some of them are:
- Productivity and quality of the products
- Consistency with minimum or no errors
- Better cycle time of manufactured the products
- The number of health and safety issues
- Increased waste created by the operation of the business
Our economy suggests an increase in automation would not only have a positive impact but would also safeguard manufacturing jobs in the future and it would also benefit in creating new jobs opportunity in other related industries. People’s perception is that increasing automation has a negative effect on the manufacturing workforce.
See more interesting data and graph: IFR Statistics “Robot Sale Raise Again”
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