With more industries opting for robotic use in order to increase their productivity, the competition amongst companies within an industry has increased tenfold.
A large number of industries are opting to buy used robots to make their business cost effective as well as highly efficient.
However, different economies have different rates of adaptation to robotic technology. In this blog, we talk about how fast or slow and economy adapts the robotic trend and how it affects their productivity.
Read on to find out the aggressive, fast, moderate and slow adopters!
Aggressive Adapters
The list of aggressive adapters includes:
- South Korea
- Indonesia
- Thailand
- Taiwan
Currently, South Korea is employing robots to do the job at a pace which is four times the global average, and companies in Thailand are following the same pace. Indonesian and Taiwanese companies are installing robots at twice the pace of the rest of the world. If this trend continues, robots in developing economies who are adapting this technology aggressively will stand shoulder to shoulder with the developed economies in coming years.
Fast Adapters
The list of fast adapters includes:
- Canada
- United States
- Japan
- Russia
- China
- UK
These economies are going through rapid adoption of robotics which is in line with their virtual economical outlook.
Moderate Adapters
The list of slow adopters includes:
- the Czech Republic
- Mexico
- Australia
- Germany
- Poland
These economies are adapting to technology in measured rate. Their economic growth is in line with their adaptation rate. Robots in these economies are expected to perform 30% to 35% of the work in the coming years.
Slow Adopters
The list of slow adapters of the trend includes:
- Austria
- Switzerland
- France
- the Netherlands
- Sweden
- Belgium
- India
- Spain
- Italy
- Brazil
These nations are the slowest in adapting to robots. Excluding India, these economies have highest labor costs in the world, so if they employ the use of robots at a faster pace in their industries, they may be able to cut their labor cost and increase productivity.
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