Image depicts universal robots serving customers a glass of wine at a restaurant

How Much Do Robots Cost? (2023 Prices, Details, and More)

Understanding Industrial Robots and Their Costs

Industrial robots have become an essential part of the manufacturing process, offering many benefits such as increased productivity, efficiency, and improved product quality. They can perform repetitive tasks with precision, speed, and consistency, helping companies overcome labor shortages and reduce labor costs.

But how much do robots cost? The cost of an industrial robot can vary widely, depending on the type of robot, its capabilities, and related costs such as peripherals, maintenance, and training.

Factors Affecting the Cost of Industrial Robots

Several factors can influence the cost of an industrial robot. These include:

  1. Type of Robot: There are various types of industrial robots, such as articulated, SCARA, delta, and cartesian robots. Each type has its unique features, capabilities, and applications, which can affect the price. For example, articulated robots, which are widely used in industries such as automotive and electronics, can be more expensive due to their flexibility and wide range of motion.

  2. Robot Capabilities: The capabilities of a robot, such as its payload, reach, and speed, can also impact the cost. Robots with higher payloads and longer reach typically cost more, as they can handle larger parts and work in larger workspaces. Similarly, robots with faster speeds can complete tasks more quickly, increasing productivity and efficiency, which can justify a higher price.

  3. Peripherals and Accessories: The cost of an industrial robot is not just limited to the robot itself. Peripherals such as grippers, vision systems, and safety equipment are often required for a complete robotic system. These additional tools can significantly add to the total cost of the system.

  4. Installation and Integration: Integrating an industrial robot into an existing manufacturing process can require significant time and resources. Installation costs can include the cost of modifying the workspace, installing safety equipment, and setting up communication between the robot and other machines.

Types of Industrial Robots and Their Prices

Image of the Richtech Robotics Matradee Service Robot.

Service Robots and Their Applications

Service robots are designed to perform tasks that assist humans in non-industrial environments, such as hospitals, restaurants, and retail stores. Airpuria offers a variety of service robots, including the Unitree Go1 Robot Air, which is designed for personal and commercial use, and the Richtech Robotics line, which includes robots for the restaurant industry. Prices for service robots can vary widely depending on their features and capabilities, but they generally range from $5,000 to $50,000 or more.

Robotic Automation and Its Impact on Manufacturing

The adoption of robotic automation has transformed the manufacturing industry, allowing companies to increase efficiency and improve overall product quality. As labor shortages become more prevalent, particularly in industries that require manual labor for repetitive tasks, the demand for industrial robots continues to grow.

According to the International Federation of Robotics, the global market for industrial robots is expected to grow at a compound annual growth rate (CAGR) of 10.4% between 2020 and 2023. This growth is driven by the need for increased productivity in manufacturing processes, as well as the desire to reduce reliance on manual labor.

New industrial robots, which typically cost between $50,000 and $80,000, can provide a significant return on investment for companies. The payback period for a robot is calculated by dividing the total costs of an installed robot by the wages of displaced workers, plus savings from the use of the robot, plus robot maintenance costs. This payback period can range from a few months to a few years, depending on factors such as the robot's application, productivity gains, and labor costs.

Overcoming Labor Shortages with Robots

One of the primary reasons companies turn to industrial robots is to address labor shortages. As industries face an aging workforce and struggle to attract new employees, robots offer a solution to maintain productivity and meet demand. By automating repetitive tasks and working around the clock, robots can help fill the gaps left by labor shortages, allowing companies to continue operating at full capacity.

Additionally, robots can perform tasks that may be difficult, dangerous, or undesirable for human workers, further alleviating the strain on the labor market. By integrating robots into their workforce, businesses can create new opportunities for employees to focus on higher-value tasks that require critical thinking and problem-solving skills.

Increased Productivity and Efficiency

Industrial robots can significantly increase productivity and efficiency in manufacturing processes. With their ability to work at high speeds, maintain precision, and operate continuously without breaks, robots can outperform manual labor in many tasks. As a result, companies are able to produce more products in less time, leading to higher profits and a competitive advantage in the market.

Additional Costs to Consider

When considering the investment in an industrial robot, it is essential to account for related costs beyond the initial purchase price. These additional expenses can significantly impact the final cost of implementing robotic automation in a business.

Robotic System Integration and Peripherals

Integrating an industrial robot into a manufacturing process often requires the expertise of a systems integrator. This professional will work with the company to design, install, and program the robotic system to ensure seamless operation within the existing production environment. The cost of system integration can vary widely depending on the complexity of the project, but it is an essential consideration when calculating the total cost of implementing robotics.

In addition to system integration, companies should also account for the cost of peripherals, such as grippers, vision systems, and safety equipment. These components are necessary for the robot to perform its tasks and ensure the safety of human workers in the vicinity. The cost of peripherals can range from a few thousand dollars to tens of thousands of dollars, depending on the specific requirements of the application.

Maintenance Costs and Support

Just like any other equipment, industrial robots require regular maintenance to ensure optimal performance and longevity. Costs of maintenance can include routine inspections, replacement of worn-out components, software updates, and repairs in case of breakdowns. It's crucial to factor in these maintenance costs when calculating the total cost of owning and operating an industrial robot.

In addition, companies should consider the cost of ongoing support from the robot manufacturer or integrator. This support can include technical assistance, troubleshooting, and training for employees to operate and maintain the robotic system effectively. Investing in proper support can help maximize the benefits of robotic automation and minimize downtime due to technical issues.

The Return on Investment in Robotics

Image of the Servi service robot being used to improve a restaurant.

As with any significant business investment, it's essential to consider the return on investment (ROI) when purchasing an industrial robot. While the initial cost may be high (unless you are leasing), the long-term benefits of increased productivity, efficiency, and labor cost savings can outweigh the upfront expenses.

Labor Cost Savings and Improved Quality

One of the most significant benefits of investing in industrial robots is the potential for labor cost savings. Companies can reduce their labor costs by automating tasks previously performed by manual labor. In addition, robots can work continuously without breaks or overtime pay, further saving money in the long run.

Robots can also improve product quality by reducing human error and ensuring consistent performance. This improved quality can lead to higher customer satisfaction and a stronger reputation in the market, ultimately contributing to increased sales and profits.

New Opportunities and Growth

Investing in robotics can also create new opportunities for growth and expansion. By automating repetitive tasks, employees can focus on more complex, higher-value tasks that can drive innovation and business growth, thus allowing companies to scale their operations and enter new markets.

As the demand for industrial robots continues to rise, companies that embrace robotic automation can position themselves as leaders in their industries, taking advantage of the many benefits that robots offer. While the initial cost of purchasing and implementing an industrial robot may be significant, the long-term return on investment can be substantial, making robotic automation a worthwhile consideration for businesses seeking to increase their competitiveness in the market.

Interesting Note on Robotics in 2023:

Recently, the National Institute for Occupational Safety and Health (NIOSH), reported that robots are becoming more and more common across different job sites. This means that they are no longer being confined to in-place, robotic work cells and factories.

Discover the Advantages of Leasing Servi

A photo showing the Servi service robot, ideal for restaurants from Bear Robotics

Are you prepared to take your restaurant to the next level and enhance your patrons' dining experiences? Explore the benefits of Servi, the innovative service robot developed by Bear Robotics, and learn how you can effortlessly lease one for your business. Say farewell to extended waiting periods and overwhelmed employees, and welcome the future of restaurant service.

With Airpuria's attractive leasing options, you can select the ideal Servi model to suit your requirements and receive round-the-clock customer support from both Airpuria and Bear Robotics. Don't let this chance to stay ahead of your competitors and elevate your restaurant pass you by.

Click here to find out more about leasing Servi service robots and revolutionizing your dining experience now!

Leasing Options:

  • 12-Month Lease: $1199.00 per month

  • 24-Month Lease: $749.00 per month

  • 36-Month Lease: $599.00 per month

Key Servi Features:

  • Fully Autonomous

  • Multi-Robot Functionality

  • Automatic Return

  • Long Battery Life

  • Continuous Monitoring and Analytics

  • Efficient Installation Process

Support and Installation:

  • Bear Robotics will deliver and install Servi at your location

  • Comprehensive 2-3 day on-site training for your team

  • 24/7 customer assistance from Airpuria and Bear Robotics

Types of Servi Service Robots:

A Servi, designed by Bearrobotics, is a service robot for the hospitality industry, assisting in tasks like serving food, clearing tables, and customer interaction. Explore the different Servi models:

Example: Leasing a Robot with Airpuria

Let's say a small restaurant wants to lease a new Servi service robot to improve its operations and enhance the customer experience. The restaurant owner decides to opt for a 36-month lease, which costs $750 per month.

Over the course of the lease period, the restaurant will pay a total of $27,000 ($750 x 36 months) to lease the Servi robot. This cost includes the robot itself, installation, on-site training for staff, and ongoing support from both Airpuria and Bear Robotics.

The restaurant owner expects that the Servi robot will help reduce labor costs, increase efficiency, and improve customer satisfaction. By automating tasks such as food delivery and table clearing, the restaurant can better manage its workforce and allocate staff to higher-value tasks, such as providing personalized customer service and ensuring the overall quality of the dining experience.

With the help of the Servi robot, the restaurant owner anticipates an increase in revenue and a decrease in labor costs, ultimately resulting in a positive return on investment. Additionally, the restaurant will gain a competitive edge by offering a unique and innovative dining experience for its customers.

Frequently Asked Questions

How much do robots cost?

The cost of robots can vary widely depending on factors such as the type of robot, its capabilities, and the specific application. Typically, new industrial robots cost between $50,000 and $80,000, while collaborative robots and service robots can have lower price points. It's important to consider additional costs such as integration, peripherals, and maintenance when calculating the total cost of a robot.

What are the benefits of investing in industrial robots?

Industrial robots offer many benefits, including increased efficiency, productivity, improved product quality, labor cost savings, and the ability to overcome labor shortages. By automating repetitive tasks, robots can help companies maintain consistent performance, reduce human error, and create new opportunities for growth and innovation.

How Long Does It Take to See a Return on Investment in a Robot?

The time it takes to see a return on investment (ROI) in a robot depends on several factors, including the cost of the robot, labor cost savings, increase in productivity, efficiency, and improved quality. A common method for calculating the payback period for a robot is to divide the total costs of an installed robot by the wages of displaced workers, plus savings from the use of the robot, plus robot depreciation, minus new maintenance costs and new human staffing costs.

What Industries Benefit Most from Robotic Automation?

Robotic automation has been widely adopted across various industries, benefiting some more than others due to the nature of their tasks and processes. Industries that benefit most from robotic automation include manufacturing, where robots are commonly used in processes such as assembly, material handling, packaging, and quality control to increase productivity, efficiency, and product quality while reducing labor costs. In the food and beverage industry, robots perform tasks such as packaging, sorting, and inspection, helping maintain hygiene standards and reduce labor costs.

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