Published at Tuesday, November 13th, 2018 - 13:00:53 PM. Manufacturing Robot. By Claire Lamarre.
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 technological innovation and modernization in the field of robotics, increase in demand, and smaller size of cleaning robot as compared to traditional robots are factors propelling the growth of the world cleaning robot market. However, low battery life and lack of durability robotic vacuum cleaners are hindering factors of the market. On the other hand, development of small and user-friendly robots would create opportunities for the growth in the market.
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