Robotics - Algeria

Algeria

Revenue in the Robotics market is projected to reach US$14.40m in 2024.
Service robotics dominates the market with a projected market volume of US$9.15m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.77%, resulting in a market volume of US$14.96m by 2029.
In global comparison, most revenue will be generated in the United States (US$9,421.00m in 2024).

Key regions: United States, China, South Korea, Japan, Germany

Definition:

The Robotics market refers to the industry that encompasses the design, development, manufacturing, and deployment of robotic systems and technologies. It involves the creation of machines that perform tasks autonomously or with minimal human intervention. These machines, also known as robots, mimic human actions and/or perform specialized functions in various sectors. These sectors include manufacturing, healthcare, agriculture, logistics, defense, and entertainment.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Structure:

The Robotics market shows the market size of robotics in industrial and service use cases. In Industrial Robotics, there are six distinct markets:

The Automotive Industry Robotics market
The Chemical Industry Robotics market
The Electric/Electronic Industry Robotics market
The Food Industry Robotics market
The Metal Industry Robotics market
The Other Industry Robotics market

Service Robotics is further split into:

The Commercial Service Robotics market, which contains the Agriculture, Logistics, Medical and Other Service Robotics markets
The Consumer Service Robotics market, which contains the Domestic and Entertainment Robotics markets

Additional information:

Data includes revenues, volume, and the average price per newly installed robot. It also examines the level of automation, the share of collaborative robots, and investment in robotics, as well as a list of the key players in the market and their consolidated revenues. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Industrial Robotics does not include software revenues, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them. For Service Robotics, software revenues are considered, as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Kuka, ABB, Boston Dynamics, and Yaskawa Electric Corporation.

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Market

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Analyst Opinion

The Robotics market in Algeria has been experiencing a decline in growth rate, influenced by factors such as slow adoption of digital technologies and limited awareness among consumers. The sub-markets of Industrial and Service robotics also contribute to this trend. However, the convenience offered by online services may drive future growth.

Customer preferences: As the adoption of automation and artificial intelligence continues to grow in the Robotics Market, consumers are increasingly seeking smart home solutions for convenience and efficiency. This trend is driven by a desire for more connected and automated living spaces, as well as the growing demand for remote control and monitoring of household tasks. Additionally, the rise in smart home technology is also influenced by cultural values of sustainability and resource conservation, as well as the increasing prevalence of smart city initiatives in Algeria.

Trends in the market: In Algeria, the Robotics Market is experiencing an increase in demand for industrial robots, particularly in the manufacturing and automotive sectors. This trend is driven by the government's focus on promoting automation and technological advancements in these industries. Additionally, there is a growing trend of using collaborative robots (cobots) in the healthcare sector for tasks such as disinfection and patient care. These trends indicate a shift towards increased efficiency and productivity in various sectors, with potential implications for cost savings and improved quality of services. As such, industry stakeholders must stay updated with the latest developments and invest in cutting-edge technology to remain competitive in the market.

Local special circumstances: In Algeria, the Robotics Market is still in its infancy due to limited government support and a lack of skilled labor. However, the country's strategic location at the crossroads of Africa, Europe, and the Middle East presents opportunities for expansion. Additionally, the growing focus on renewable energy and the use of automation in the oil and gas industry is driving the demand for robotics. The Algerian government's efforts to diversify the economy and promote foreign investment also bode well for the growth of the Robotics Market in the country.

Underlying macroeconomic factors: The Robotics Market in Algeria is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. The country's economic growth and stability play a crucial role in the development and adoption of robotics technology. Countries with strong economic growth and favorable policies for robotics investment are experiencing faster market growth compared to regions with economic challenges and limited funding for technology. Additionally, the increasing demand for automation and efficiency in industries, coupled with the rising labor costs, is driving the demand for robotics in Algeria.

Methodology

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.