A robotic arm costs from $5,000 to upwards of $150,000 for top-tier models. Much like other industrial robots, prices vary dramatically depending on factors such as payload capacity, complexity, brand reputation, and more.
Read on to learn:
- Factors that affect the cost of a robotic arm
- How much a robotic arm costs by type
- Hidden costs to watch for when purchasing a robot arm
- Tips to reduce the total cost of ownership
Let’s go over the factors that have a bearing on the price.
What factors affect the cost of a robot arm?
The price of a robotic arm depends on several important factors, and understanding these will help you make a more informed decision.
Let’s take a look:
- Payload capacity: The higher the payload, the more complex the design, and the higher the cost. For example, a six-axis robot capable of lifting 18 kg will typically cost more than one that lifts 5 kg.
- Number of axes: A robot with more degrees of freedom will generally be more expensive. For instance, six-axis robots are pricier than SCARA robots, which usually have fewer axes.
- Brand: Reputable brands such as FANUC and KUKA charge more for their long-standing reputation for quality and durability.
- Software & integration: Robots that come equipped with advanced software and can be integrated into existing systems are typically on the higher end of the price spectrum. Universal Robots' UR10e offers pretty good integration at a price point of around $45,000.
Always look for a reputable marketplace when buying a robot.
How much does a robot arm cost by type?
Robot arms are classified into different categories, and each comes with its price range.
Here's a closer look:
- SCARA Robots (Selective Compliance Assembly Robot Arm): Known for fast, precise horizontal movements, these are often used in assembly tasks. For example, an ABB SCARA bot is priced at around $8,000.
- Cylindrical Robots: Cylindrical robots, ideal for assembly and welding tasks, are usually more expensive due to their complex motion capabilities. The QUESTT 5kg robot, for instance, is priced around $16,000.
- Six-axis Robots (Articulated robots): Offering flexibility and six degrees of freedom, Six-axis robots are commonly used for tasks like welding and material handling. A good example is FANUC’s M10iA, priced around $110,000.
- Cartesian Robots: Also known as gantry robots, Cartesian models are typically simpler and cheaper, usually ranging from $5,000 to $15,000. Yamaha's XY-X Series costs around $6,000, making it an affordable entry point for basic automation.
How does robot arm pricing compare with robot machine prices? Check the full post.
Hidden costs to watch for when purchasing a robot arm
While the base price of a robot is a significant part of your investment, there are several hidden costs to go over when purchasing a robotic arm.
Think about these:
- Installation fees: Setting up the robot arm, especially for complex industrial systems, often incurs installation costs. Expect to pay anywhere from $5,000 to $15,000, depending on the complexity.
- End-of-arm tooling (EOAT): Grippers, sensors, and other EOAT components can significantly add to the price. Depending on the task, these can cost an additional $2,000 to $10,000.
- Maintenance, software updates, and training: Routine maintenance, software licensing, and updates are recurring costs that can’t be overlooked. These may add up to $5,000 or more per year — if you’re lucky.
Common challenges when buying robotic arms
Hold your horses! There are some challenges you’ll want to consider as well.
Let’s take a look:
- Training requirements: Complex robotic systems may require extensive training for your workforce. While cobots like RO1 by Standard Bots have user-friendly interfaces, other models may necessitate specialized knowledge. A dedicated 2-day class by ABB experts will set you back $10,000.
- Downtime during setup: Integrating new robotic arms into your production line can take time. Scheduling downtime for setup and programming can disrupt operations initially.
- Compatibility with existing systems: Not all robots are easily integrated into your current system, which may require additional modifications or software.
Tips to reduce the total cost of ownership
When it comes to minimizing the total cost of ownership for a robot arm, follow these tips:
- Go for collaborative robots (cobots): Cobots like the RO1 by Standard Bots will give you flexible automation with lower upfront costs, as it starts at half the price of the competition.
- Look into refurbished robots: Purchasing refurbished robot arms can save 40-60% of the original cost while still providing the same operational capacity. ABB's refurbished IRB 6700 is available for around $22,000.
- Lease instead of buy: Leasing options are available from manufacturers like Standard Bots, reducing the need for large upfront payments. Leasing a six-axis robot for as low as $5 per hour is an absolute steal.
Summing up
How much does a robot arm cost? It can vary a lot and is influenced by factors like payload capacity, complexity, and integration capabilities.
From SCARA robots at $7,000 to six-axis robots at $50,000, the price points offer businesses several entry paths into automation.
Our take? A cobot like RO1 by Standard Bots is a great bang-for-your-buck option to get your company to the next level.
Next steps
Ready to step into the future of automation? RO1 by Standard Bots is the ideal choice, offering powerful, flexible automation at a fraction of the cost of competitors. Here's why:
- Cost-effective: RO1 offers advanced capabilities at half the price of similar models, starting from just $5 per hour.
- Smart-AI with zero programming: You can get RO1 going easily with its no-code framework — plus, its AI (right on par with GPT-4) learns and grows with your operation.
- Flexible & fast: With a payload capacity of 18 kg and unmatched precision, RO1 is built for speed and efficiency.
- Safe and collaborative: RO1's built-in sensors and collision detection ensure safety when working alongside human operators.
Talk to our solutions team today and set up a free 30-day onsite trial to experience the power of RO1 firsthand.
