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The fourth industrial revolution is officially underway. Despite once being worth only a small fraction of the overall manufacturing equipment industry, the industrial robotics industry has ballooned into a massive $11.3 billion a year market. But what are industrial robotics used for?
There are few elements of the manufacturing process where industrial robotics are not helpful, regardless of the industry you are in. Whether it is welding, handling, painting, cutting, grinding, polishing, or engraving, industrial robotics can do it all cheaper, better, smarter, and faster. If you are looking to upgrade your processes with industrial robotics, it is essential that you know what you need to budget for them. With that in mind, here is your ultimate guide to the cost of industrial robotics.
1. Industrial Robotics Costs Explained
When breaking down industrial robotics price and cost, it is worth noting that what you pay can vary widely. Let’s start with some average prices. Let’s say you are looking for an industrial robotic arm of the type that is used to put together cars and jet engines. For this, you are looking to pay anything between $25,000 and $400,000.
This will depend on the size and complexity of the robotic and the purpose for which you need it. New industrial robotics typically cost between $50,000 and $80,000. However, once you add in the application-specific features to build your robotic system, you are looking at a six-figure price tag.
If you are wondering where to get industrial robotics that strikes the right balance between cost, value, and applicability, your best bet is to choose market leaders such as Gast Manufacturing. This company has the experience and range of tech that you need.
2. Factors Affecting Cost
One of the most important industrial robotics facts to note is that even the smallest variations can have a massive impact on the overall cost of a robotic. Here are the key things to look out for when determining the price of your industrial robotics.
Application
This is the number one factor that will determine how much you pay. If you are looking for a multi-use robotic system that can perform multiple manufacturing processes, you will pay more. If you only need robotics for, say, the end-stage of the manufacturing process, you will likely pay less.
Manufacturer
There are currently hundreds of different robotics manufacturers in the US and thousands worldwide. Different manufacturers vary in quality and will therefore charge different fees for their products. Make sure to conduct thorough research in order to find the right quality-to-price ratio.
Age
As with any product, older robotic systems will cost you less. In addition, you can often find second-hand robotics for just a small fraction of the cost of a new one. Second-hand robotics may not last as long as new ones, meaning you should also consider long-term costs.
Tech Guides to Boost Your Business
Industrial robotics is just one of the ways that you can boost your business and embrace innovation. For more essential tech hacks for your business, we have got you covered. Make sure to check out our Tech section for expert guides on the hardware and software that will upgrade your business in the year ahead.
