Pick and Place Robots Market Dynamics: Trends and Innovations
Human labor costs include wages and wage inflation, training and non-wage benefits, compensation, insurance, payroll taxes, and auxiliary safety equipment costs, which are high in North America and Europe. On the other hand, automation costs include the cost of purchasing and installing hardware and software, operator training & wages, maintenance, and planned or unplanned stoppages due to part changeouts for flexible automation systems. Labor costs have increased exponentially across various regions due to the low availability of labor to perform critical manufacturing tasks.
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