How Much Do Industrial Robots Cost?

Industrial Robots Cost

There are a variety of factors to consider when buying industrial robots. Whether you can get a new one or a reconditioned model, here are some considerations to make when making a purchase from this industry.

Weighing Costs and Benefits

Robot labor might replace human labor in certain fields where the line of work requires much efficiency. For some manufacturers, replacing workers with robots might actually be more cost-efficient. Not only do they no longer need salaries or any form of compensation, but considering their overall efficiency, they can also do more work in an hour than a human would do in eight. They do not even need to be trained or cared for, which incur more costs to any company.

Robots are also sturdier and last longer in terms of employment within the company. They work up to 12 years. They are an effective replacement for employees when it comes to avoiding injury. This is ideal for factories with difficult conditions for human work. One example to consider is the KUKA Robotics robots that are heat-resistant and are useful for welding. Extreme heat does not bother them and they can work with much accuracy due to the use of sensing technology. This makes their vision more effective than a human’s.

Regardless of these more than ideal conditions for the workplace to have robots, investing in machinery to replace human labor has its own downsides. First, robots are still quite expensive and might make the company lose more capital. This is a huge risk for companies starting out with robotic labor and less human workers. In weighing costs and benefits, some might want to retain the status quo and opt for human labor to remain as is. Even with rising work wages and other obligations employers need to comply with, getting human workers would seem less expensive from the start than buying robots that have their own sets of repair and maintenance costs. Companies might also need to adjust to robots and how they function and operate.

In spite of the risk, the shift to robotic labor is being considered in different parts of the world, including the United States, China, South Korea, and Germany. If the overall benefit of greater efficiency appeals to you, along the amount of money to be saved in the long run, your industry might as well get a robot. However, take any financial advice that tells you to be prepared for the costs to come.

Usual Cost

The initial costs that come with a new robot would fall around $250,000. This covers systems engineering costs and other functionalities needed for the machine to work. An annual payment of $10,000 is also expected for operations and maintenance.

Alternatively, you might want to try a reconditioned or used robot. They are worth about half the price of new robots. Some might even be as cheap as $25,000 to $40,000. These also have their own expenses, such as application components worth between $50,000 and $75,000.  As to whether different types of robots have different prices, there is surprisingly little variation for manufacturers. Most robots of the same build and size can be reused easily and offer similar functions.

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