During the industrial revolution, many jobs were made obsolete. Fortunately, new, and often better, jobs were also created. The same is proving to be true for the technological revolution. Increasingly, automation is becoming necessary for businesses that want to either remain competitive or break into an already competitive market. It’s estimated that robotics can save businesses up to 16% in operating costs. Globally, the sale of industrial robots increased by 23 percent in 2014 and is expected to double by 2018.
While many businesses could benefit from robotic automation, the cost of a system, which can range between $75,000 and $100,000, can be prohibitive. Experts expect prices to continue to decline as demand increases. In the meantime, refurbished robots can be purchased for up to 50 percent less. This is especially good news for business startups. Refurbished robots commonly come with a six-month warranty, which gives new businesses both the time and the competitive edge to become firmly established.
Unlike human workers, robots don’t suffer the boredom or the workplace injuries commonly associated with heavy lifting, repetitive motion, or exposure to toxic substances. They can also work 24-hour shifts, which means that managers are able to spend less time scheduling and more time focusing on product innovation. The speed and precision of robots increase productivity and reduce both production costs and the number of product defects. One company in China reported that their robotic system enabled them to reduce the workforce from 650 to 60 employees. Further, production increased by 162.5% and the product defect rate decreased from 25% to below 5%.
Investing in refurbished robots is a great way to invest in the future success-- and expansion-- of your company. If you're looking for refurbished equipment for sale or a professional servo motor repair company, contact Northline Industrial today.