Strong Growth Projected for Industrial Robots
A predicted surge in the use of advanced industrial robots in the United States and elsewhere over the next decade would raise productivity substantially.
Lower costs and increased ease of use will spur significant growth in industrial robotics over the next decade, according to a study conducted by The Boston Consulting Group (BCG), the global management consulting firm and business strategy advisor. Forecasts indicate that the transportation equipment, computers and electronics, electrical equipment and machinery industries are expected to account for around 75 percent of advanced robotics installations through 2025. By then, robots should be able to handle 30 to 40 percent of automatable tasks in these industries. The biggest gains in labor savings will occur in nations that are at the forefront of deploying industrial robots, such as South Korea, China, the United States, Japan and Germany, the study says. When adjusted for normal inflationary increases and other productivity measures, manufacturing labor costs in 2025 are projected to be 18 to 33 percent lower in these economies when advanced robots are factored in.
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