Robotics - Egypt

Egypt

Revenue in the Robotics market is projected to reach US$59.03m in 2024.
Service robotics dominates the market with a projected market volume of US$55.17m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.06%, resulting in a market volume of US$95.33m 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.

For more information on the data displayed, use the info button right next to the box.

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Analyst Opinion

The Robotics Market in Egypt is facing a significant decline in growth, influenced by factors such as the slow adoption of digital technologies, limited health awareness among consumers, and challenges in the implementation of online services. However, the sub-markets of Industrial and Service robotics might still offer potential for growth and development in the future.

Customer preferences: With the rise of automation and the need for efficient and accurate production processes, the demand for robotics in Egypt is on the rise. This trend is driven by the country's growing manufacturing sector and the increasing adoption of advanced technologies. Additionally, there is a shift towards collaborative robots, or cobots, which are designed to work alongside humans and enhance productivity. This trend is also fueled by the country's young population and their familiarity with technology, making them more open to embracing robotics in the workplace.

Trends in the market: In Egypt, the Robotics Market is experiencing a surge in demand for automated solutions across industries such as manufacturing, healthcare, and agriculture. This trend is driven by the country's efforts to modernize and increase efficiency in these sectors. With the government's support and investment in research and development, the Robotics Market is expected to witness significant growth in the coming years. This presents opportunities for industry stakeholders to tap into a growing market and provide innovative solutions to meet the evolving needs of Egyptian businesses. Additionally, the adoption of robotics technology has the potential to improve productivity, reduce costs, and enhance overall competitiveness for businesses in Egypt.

Local special circumstances: In Egypt, the Robotics Market is experiencing growth due to the country's strategic location and strong government support for industrial development. The market benefits from Egypt's access to major shipping routes and its favorable business environment for foreign investors. Additionally, the country's young and tech-savvy population is driving demand for advanced robotics solutions. However, regulatory challenges and limited access to funding remain significant barriers for market players in Egypt.

Underlying macroeconomic factors: The Robotics Market in Egypt is heavily influenced by macroeconomic factors such as the country's strong investment in technological advancements and its supportive regulatory environment. This has resulted in a growing demand for robotics solutions in various industries, including manufacturing, healthcare, and transportation. Additionally, the country's stable economic health and favorable fiscal policies have created a conducive environment for market growth. However, challenges such as limited access to funding and skilled labor continue to hinder the market's potential. Nevertheless, the market is expected to witness significant growth in the coming years, driven by the increasing need for automation and efficiency in various sectors.

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.