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Robotics - Bahrain

Bahrain
  • Revenue in the Robotics market is projected to reach US$6.80m in 2025.
  • Service robotics dominates the market with a projected market volume of US$5.04m in 2025.
  • Revenue is expected to show an annual growth rate (CAGR 2025-2029) of 10.46%, resulting in a market volume of US$10.12m by 2029.
  • In global comparison, most revenue will be generated United States (US$10.45bn in 2025).

Revenue

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Aug 2024

SOURCE: Statista Market Insights

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Aug 2024

SOURCE: Statista Market Insights

NOTES: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.

MOST_RECENT_UPDATE: Mar 2024

MOST_RECENT_UPDATE: Mar 2024

SOURCE: Statista Market Insights

MOST_RECENT_UPDATE: Mar 2024

SOURCE: Statista Market Insights

Key Players

MOST_RECENT_UPDATE: Dec 2024

SOURCE: Statista Market Insights

Volume

MOST_RECENT_UPDATE: Aug 2024

SOURCE: Statista Market Insights

MOST_RECENT_UPDATE: Mar 2024

SOURCE: Statista Market Insights

Price

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Aug 2024

SOURCE: Statista Market Insights

Collaborative Robots

MOST_RECENT_UPDATE: Mar 2024

SOURCE: Statista Market Insights

Autonomous mobile robots

MOST_RECENT_UPDATE: Mar 2024

SOURCE: Statista Market Insights

Analyst Opinion

The Robotics market in Bahrain has shown a mild decline in growth rate, impacted by factors such as limited government support, high initial investment costs, and slow adoption of advanced technologies. However, the market is expected to grow in the future due to increasing demand for automation in industries and the growing need for efficient and cost-effective service robots.

Customer preferences:
The demand for advanced robotics technology is rising in Bahrain, driven by the country's push towards automation and digitization. This is fueled by the increasing focus on efficiency and cost-effectiveness in various industries. Additionally, the rise of smart cities and digital infrastructure has created a favorable environment for the growth of the robotics market. This trend is expected to continue as Bahrain moves towards becoming a tech-savvy nation.

Trends in the market:
In Bahrain, the Robotics Market is experiencing a surge in the adoption of autonomous robots in industries such as manufacturing, healthcare, and retail. This trend is driven by the government's push towards digital transformation, increasing demand for automation, and advancements in AI and machine learning. As a result, the market is expected to witness significant growth in the coming years. This trend is significant as it improves efficiency, reduces costs, and addresses labor shortages. It also presents opportunities for industry stakeholders to tap into this growing market and develop innovative solutions to cater to the evolving needs of businesses in Bahrain. Furthermore, this trend has the potential to attract foreign investments and position Bahrain as a regional leader in the robotics market.

Local special circumstances:
In Bahrain, the Robotics Market is experiencing growth due to the country's strategic location in the Middle East, making it a hub for trade and commerce. Additionally, the government's focus on diversifying the economy and investing in advanced technologies has created a favorable environment for the robotics industry. The country's small population also allows for easier adoption and implementation of robotics, leading to increased efficiency and productivity in various sectors. Furthermore, Bahrain's open and business-friendly culture promotes innovation and entrepreneurship, attracting foreign investments and partnerships in the robotics market.

Underlying macroeconomic factors:
The growth of the Robotics Market in Bahrain is also influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. With a stable economy and a favorable regulatory environment, Bahrain is attracting significant investments in the robotics industry. Additionally, the increasing demand for automation and efficiency in various sectors, such as manufacturing and healthcare, is driving the growth of the robotics market in Bahrain. Moreover, the country's strategic location and strong infrastructure make it an ideal hub for robotics companies to set up operations, further contributing to the market's growth.

Global Comparison

NOTES: Data was converted from local currencies using average exchange rates of the respective year.

MOST_RECENT_UPDATE: Aug 2024

SOURCE: Statista Market Insights

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.

Technology

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Robotics: market data & analysis - BackgroundRobotics: market data & analysis - Cover

Key Market Indicators

NOTES: Based on data from IMF, World Bank, UN and Eurostat

MOST_RECENT_UPDATE: Jan 2025

SOURCE: Statista Market Insights

OUTLOOK_EXPLORE_RELATED_TOPICS

Industrial robots worldwide - statistics & facts

Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.
OUTLOOK_MORE_DATA_ON_TOPIC

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