Robotic Automation and the Future of Commercial and Industrial Machinery and Equipment Rental and Leasing
Overview
The advent of robotic automation in commercial and industrial machinery equipment rental and leasing is poised to dramatically reshape the sector. Technological innovation and the potential for increased efficiency and safety are driving this shift. Here are some key statistics to bear in mind:
- Robots are expected to perform 45 percent of manufacturing tasks globally by 2025, up from just 10 percent in 2015.
- The global robotics technology market is anticipated to reach $189.36 billion by 2026.
- The commercial and industrial machinery and equipment rental and leasing industry is forecast to see a $133.7 billion growth in 2020-2027.
Robotic Automation and Efficiency In The Rental and Leasing Sector
According to the Boston Consulting Group, robots are expected to perform 45 percent of all manufacturing tasks globally by 2025, up from just 10 percent in 2015. The increasing use of robotic automation in the rental and leasing sector can deliver significant efficiencies, including lower maintenance costs, less downtime, and increased productivity. Robotic automation also brings the potential for a higher rate of inventory turnover, given its ability to operate around the clock, thereby facilitating an accelerated return on investment (ROI).
The Growth of the Robotics Technology Market
Industry reports suggest that the global robotics technology market is anticipated to reach a whopping $189.36 billion by 2026. This boom is fueled by advances in artificial intelligence and automation technology, as well as an increasing demand for robots in several industrial sectors, including commercial and industrial machinery and equipment rental and leasing. The rise of IoT and Industry 4.0 is also directly contributing to the growth in demand for robotic automation technologies, driving up their adoption rates across different sectors.
Impact on The Commercial and Industrial Machinery and Equipment Rental and Leasing Industry
The commercial and industrial machinery and equipment rental and leasing industry is projected to see significant growth in the coming years. The market is estimated to experience a $133.7 billion growth during 2020-2027. Much of this growth is expected to be driven by the integration of robotic automation technologies, which will provide the industry with improved operational efficiency, reduced costs, and increased competitive edge.
Key Takeaways
- The adoption of robotic automation in commercial and industrial machinery equipment rental and leasing is set to increase, offering efficiency gains and cost savings.
- Growing demand and technological advancements in AI and automation are anticipated to drive the global robotics technology market to $189.36 billion by 2026.
- The commercial and industrial machinery and equipment rental and leasing industry is forecast to grow by $133.7 billion during 2020-2027, largely fueled by the rise of robotic automation.
Here at 3Laws Robotics, we are developing innovative software solutions to enhance the safety and reliability of robotic systems. Our primary focus is to address the certification challenge, a significant pain point for many robotics companies. With our software, 3Laws Supervisor, we aim to simplify this process by offering robust safety features and evidence of system robustness, thereby potentially easing the certification path.
Our software is designed using Control Barrier Function (CBFs), a cutting-edge technology developed at Caltech, which delivers mathematically provable safety. By providing real-time guardrails for autonomy stacks, our software allows robots to operate closer to their peak capabilities while maintaining a high safety standard.
We strive to enhance operational efficiency by minimizing downtime caused by unnecessary e-stops or collisions. Our adaptable software solution works seamlessly with a wide range of platforms, including mobile robots, cars, drones, manipulators, and is compatible with popular robotic middleware like ROS and ROS2.
Position 3Laws Robotics as your next-generation safety solution that goes beyond traditional e-stop methods. With our proactive approach to safety, we aim to unlock the full potential of robotics in dynamic environments while maintaining safety certification for ISO 3691-4 and ISO 26262.