According to a report published by Statista, revenue in the Robotics market is projected to reach $711.10 million in 2023. The market's largest segment is Service robotics with a projected market volume of $482.80 million in 2023. Revenue is expected to show an annual growth rate (CAGR 2023-2027) of 6.52 percent, resulting in a market volume of $915.50 million by 2027. When it comes to a developing market like India where automation and robotics have become the buzzwords for the business ecosystem, the demand is growing by the day.
However, clients face equipment related problems while availing solutions from a provider. There are many who would manufacture the system and supply to the clients but there is no one who can manufacture the equipment separately for the solutions, which is exactly what Robologic does. It supplies the equipment separately to the client and also helps in assembling the same according to the specific requirements of the client.
Robologic’s work excellence is derived from understanding the exact requirements of a client and working towards achieving it. The company follows a step-by-step process and gives a lot of time to understand the requirement of a client. The client can be from any manufacturing industry and there are specific welding solution requirements for different domains.
“Any welding or handling process that is getting done manually can be replaced by our solutions. We comprehend various customer problems for many different applications with the objective to figure out the best solution and this is how we differentiate ourselves from the competition in this market", states Amit Panchal, Founder, Robologic.
Growth Story
The founder completed B.Tech in 2014 but even while he was studying, he was inclined towards technology innovation and had built prototypes while in college. In 2012, he had visited a technology expo which gave him the motivation to innovate. After graduation, he started business with small solutions and R&D in industrial automation and finally registered his own company in 2018. The company works in three main products category for automation. First is the Robotics Solution, Welding SPM and it also supplies standardised Welding Automation Solutions to the clients. The company has its own manufacturing setup which works as a very big advantage.
“We design; build and manufacture automated welding solutions and welding positioning equipment for the industry. Our highly skilled design team and engineers have years of experience in welding automation. With industry 5.0 approach we provide unique solutions for intelligent automation of manufacturing to produce products with in-built quality and offer services to exceed customer expectations”, mentions the Founder.
We comprehend various customer problems for many different applications with the objective to figure out the best solution & this is how we differentiate ourselves from the competition in this market
Future Endeavours
After having incepted in 2018, the company was turned to Private Limited in 2022. In the last five years, Robologic has been able to gain the trust of all the clients it has served. The first project that the company executed was very small and initially it took some time for it to make the clients understand that it is a trusted solution provider. As of now, it has served a lot of companies and has gained sustainability in the market through trust and smart work. “We want to increase our manufacturing capacity five times in the coming few years and produce more than 500 machines a year by 2028. We are also going for global expansion and trying to cater to the international demand in this market. Very soon we will be having another manufacturing facility”, concludes the Founder.
