Robotic Automation and the Future of Rental and Leasing Services
Overview
Robotic automation in rental and leasing services is a growing trend that propels efficiency and cost savings, spanning across various sectors such as real estate, vehicle rental, equipment leasing, and more. Several key statistics depict the growth and adoption potential of this trend: an estimated 10% - 20% efficiency increase in rental and leasing services is predicted through automation, nearly 33% of these businesses are exploring technology advancements in operations, and the market for the leasing of industrial robots alone is projected to reach $5.6 billion by 2026.
Robotic Automation in the Rental and Leasing Industry
The intersection of robotic automation and rental and leasing services is making considerable waves in various industries. These services, whether addressing real estate rentals, automotive leasing, or equipment lending, are seeing a ~10% - 20% efficiency increase via the use of technology, including artificial intelligence and machine learning. According to Grand View Research, the market for the leasing of industrial robots alone is set to reach an estimated $5.6 billion by 2026. This growth is driven by numerous factors, such as demand for flexible solutions, the reduction of capital costs, and swift technological advancements in robotics.
Accelerating Efficiency through Automation
Adopting robotic automation in rental and leasing services is not merely about cutting costs, but it’s centred around increasing productivity and improving customer service. Various industry reports show that nearly 33% of businesses in rental and leasing spheres are exploring technological advancements in their operations. Automated invoicing, contract generation, and return inspections are just a few use cases that indicate the potential of robotic automation–eliminating manual tasks, reducing the possibility of human error, and streamlining workflow.
Robots and the Future of Leasing Services
Bots are changing the future of leasing services by collecting and analyzing vast amounts of data points in real-time. Gartner predicts that by 2025, customer service will be handled by bots in about 80% of customer interactions, up from approximately 20% in 2019. As bots' intelligence and capabilities rise, so does their application in leasing services — simplifying the search and booking processes, facilitating contract negotiations, and handling after-sales services.
Key Takeaways
• Robotic automation is expected to yield a 10 - 20% efficiency increase in rental and leasing services. • Roughly 33% of businesses in these sectors are actively exploring technology enhancements. • The industrial robot leasing market is projected to reach $5.6 billion by 2026. • By 2025, around 80% of customer service in various sectors, including leasing, is predicted to be handled by bots.
About 3Laws Robotics
3Laws Robotics is at the forefront of enhancing safety and reliability in robotics systems. With our innovative 3Laws Supervisor software, we aim to tackle certification challenges – a crucial hurdle facing rocbotic companies. Drawing on Control Barrier Functions (CBFs) technology, our software offers robust safety features while providing evidence of system robustness.
• Warehouse automation: For example, our software facilitated an autonomous forklift to attain a 40% efficiency gain, delivering a return on investment in just six months. • Human-robot interaction: We enable safe, uninterrupted operation of robots near humans — a rapidly growing area in collaborative robotics. • Dynamic environments: In unpredictable surroundings, our software's reactive collision avoidance capabilities allow for effective navigation.
At 3Laws, we've designed our software to minimize downtime caused by unnecessary e-stops or collisions, simultaneously maximizing operational efficiency. Our real-time guardrails help robots operate closer to their peak capabilities while maintaining rigorous safety. Our safety solutions are not only adaptable but are interoperable with diverse platforms such as mobile robots, cars, drones, and manipulators. Using popular robotics middleware such as ROS and ROS2, we serve as a next-generation safety solution. We offer a proactive approach to safety, unlocking the full potential of robotics, providing dynamic, predictive safety ready for ISO 3691-4 and ISO 26262 certification.