So, are you interested in investing in Industrial robots and jump into the market to invest or buy an industrial robot for industrial or manufacturing purpose? As per a survey by Ark Invest,
The average cost of industrial robots in 2005 was 68,659 US dollars but with the increasing competition and new edge technologies, the price has gone down over the years and somewhat affordable for most of the country. With the rising demand of fast production line and increase in the revenue generation due to the usage of industrial robots for sophisticated or even heavy machinery work, the market provided opportunity to explore with new concepts and hence, cut in the cost. The industrial robots are not just seen as a helping aid but can also been seen as a replacement for the countries where the ratio of the availability of human workers are less.
In 2010, the average cost of an industrial robot was 46,150 US dollars. In my opinion, the industrial robots have no doubt provided ample opportunity for the STEM industry to explore and innovate new ways of configuring machines to work in a more economical and productive ways, but it also opens the door to a new market where programmable machines can work endlessly without any obstacles or hazards.
Source:- Statista (Industrial robots)