”So robots will have to take on a bigger role in the assembly line. Many of those robots deployed on Chinese factory floors will be foreign-made though, according to Reuters. Despite government efforts to push the country’s robotics industry forward, foreign robot manufacturers still have a significant lead in the market for manufacturing robots in China. Foreign companies built 41,000 of the 56,000 industrial robots currently deployed in China, according to statistics from the International Federation of Robotics cited by Reuters.”
A detailed segmentation evaluation of the Industrial Robot market has been provided in the report. Detailed information about the key segments of the market and their growth prospects are available in the report. The detailed analysis of their sub-segments is also available in the report. The revenue forecasts and volume shares along with market estimates are available in the report.
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Invention of Robots has brought about revolutionary changes in the field of industrial manufacturing. In the earlier part of the century humans were engaged in jobs, which were very dangerous and involved serious health hazards, but in 1956, Unimation a company founded by George Devol and Joseph F. Engelberger invented the first robot. These were initially used in industries where it was required that dangers involved in working should be reduced like in spot welding, die casting and forging and then gradually they were employed in areas requiring greater strength and accuracy than human beings.
Easier to work with. Robotic automation is much easier to work with than humans. Robots don’t require coaching or ongoing training. Once one Robot is trained to do the work, all other robots immediately learn the same things. Robots don’t require the same supervision as humans and can work 24 hours a day, 7 days a week, without a break.
The flipside is that offshore manufacturing leads to job losses in the manufacturer’s country of origin, but then this again creates an extra incentive for those workers who have lost jobs to work hard so as to scale the high value jobs which their country has a comparative advantage to produce.