Cobots and the Future of Automotive Equipment Rental and Leasing

Overview

The future of automotive equipment rental and leasing appears to be entwined with collaborative robots, or "cobots". These advanced, interactive machines have the potential to transform the industry, offering increased efficiency, safety, and innovation. This trend presents significant opportunities for automation, improved worker safety, and rental efficiencies. Companies such as 3Laws Robotics are at the forefront of this shift, developing innovative and safety-proven robotic software solutions.

The Rise of Cobots in Automotive Equipment Rental and Leasing

According to the International Federation of Robotics, cobots represented 3% of total robot sales in 2017, a figure set to rapidly rise over the next decade. Cobots have already made their way into various industries, with the automotive sector standing prominent amongst them. This industry has seen a 58% increase in cobot installations since 2016. With their advanced abilities in automated operations, cobots have the potential to revolutionize rental and leasing processes in the automotive equipment sector, potentially leading to a significant uptick in efficiency and safety measures.

Enhanced Worker Safety Through Cobots

The incorporation of cobots into the industry comes with the massive incentive of improved safety in the workplace. According to the Bureau of Labor Statistics, around 2.8 million nonfatal workplace injuries and illnesses were reported in the U.S. in 2018. By integrating cobots into various levels of the equipment rental and leasing process, potentially hazardous tasks could be carried out by machines, in collaboration with humans, thus reducing injury rates.

Cobots and Rental Efficiency

The automation potential of cobots could lead to a significant efficiency boost in equipment rental processes. Studies show that some cobots, when properly implemented, have the potential to increase productivity by up to 20%. This figure indicates that cobots have immense potential to decrease operational times and costs in the automotive equipment rental and leasing industry, ultimately generating greater revenue.

Key Takeaways

• Cobots represent a growing trend in the automotive equipment rental and leasing industry.

• Worker safety can be potentially enhanced through the integration of cobots, thereby reducing workplace injuries and illnesses.

• The efficiency of rental processes can be significantly improved with the implementation of cobots, leading to increased productivity and revenue.

Meet 3Laws Robotics

At the forefront of cobot innovation is 3Laws Robotics, a company that’s developing pioneering software to enhance safety and reliability for robotics systems. A central focus of 3Laws is to address the significant challenge of certification for robotics companies. Their software, 3Laws Supervisor, is designed to simplify this process by offering robust safety features that could ease the certification path.

3Laws's technology is applied across various industries and applications, from warehouse automation to dynamic environments. One notable success story is an autonomous forklift customer who achieved a 40% efficiency gain, resulting in a 6-month payback period through 3Laws’ solutions.

With features such as reactive collision avoidance capabilities and real-time guardrails for autonomy stacks, the software allows robots to operate at peak capabilities while ensuring safety. Embodying adaptability, 3Laws' software can work across a wide range of platforms, including mobile robots, cars, drones, and manipulators.

3Laws represents the next wave of safety solutions, proactively ensuring safety beyond traditional methods, ultimately unlocking the full potential of robotics in the automotive equipment rental and leasing sector.