What do you think about making an investment in the latest technology development? Would you like to know the market is profitable or not? However, the kind of competition and the competitive race is going in the industrial robotics market, you need industrial robots to speed up the race.
As per a survey report by Tractica, the revenue forecasted till 2025 shows promising,
The robotics market growth is incrementing and providing a profitable market scenario for the industrial robotics market. The average cost of industrial robots in 2025 is predicted to be 10,856 US dollars as compared to the average cost of an industrial robot in 2017 is 27,074.
The drop in the average cost is something concerning that is it due to less demand or no need or due to competition and raising the competitive price. The reasons are sometimes not known and cause the downfall of investing in industrial robots leading to the price drop or being launched at a competitive price.
Source:- Statista, Ark Invest