You see, there was an interesting article in Business Insider Tech News titled ”Foreign robotics companies find success in China,” written by Jonathan Camhi published on September 22, 2015 which stated:
Industrial robots promise to replace 70 to 90% of existing manufacturing jobs. People will learn new ways to achieve an economy, to achieve economic development. An economy needs to adjust, to be flexible if you gave pink slips to more than half the labor force.
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The latest report added to the extensive research report database of Market Research Reports Search Engine (MRRSE) on the industrial logistics robots market states that the market will expand at a healthy CAGR during the forecast period and will be worth US$30 billion by 2020. This report is titled “ Industrial Logistics Robots: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020”.
Analysts say that the use of robots has moved away from the large, expensive machines used for the most recent years in industries such as the automotive sector, to much more complicated robots that are more capable of completing more complex tasks. This enhances the competition inside the economy, basically providing a staple to go off of. Without scaling up to competition, companies can have severe, negative impacts as a result of not competing with industry innovation. According to Boston Consulting Group, investment into robots will rise 2-to-3 percent annually. Taking away one of the major staples to the manufacturing industry, and having blue-collar working people, would stop this annual growth and have an impact on the economy and competition.
The world cleaning robot market is segmented based on product, vertical, and geography. The product segment is classified based on floor robot, pool robot, window robot, lawn robot, and others. The verticals covered in the report are residential, commercial, industrial, healthcare, and others. The market is divided geographically into North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA).