Industrial Robotics - Africa | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$100.90m in 2024.
Other industry robotics dominates the market with a projected market volume of US$32.89m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 0.34%, resulting in a market volume of US$102.60m by 2029.
In global comparison, most revenue will be generated China (US$1.62bn in 2024).

Definition:

The Industrial Robotics market covers use cases that focus on the design, manufacturing, and deployment of robotic systems for industrial applications. The market encompasses the use of robots and automation technologies in manufacturing processes, assembly lines, and other industrial settings. This is to improve productivity, efficiency, and precision.

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.

The top five industries that use robotics are the automotive, chemical, metal, electronic, and food industries; however, other industries are also implementing various robotics use cases, but not on the same scale as these top five.

Structure:

The Industrial Robotics market is further split into Automotive Industry Robotics, Chemical Industry Robotics, Electric/Electronic Industry Robotics, Food Industry Robotics, Metal Industry Robotics, and Other Industry Robotics.

Additional information:

The market comprises revenues, volume, and the average price per newly installed robot. It also includes the share of collaborative robots, 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. Software revenues are not included, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them.

Key players in the market include ABB, Epson Robotics, Midea Group, and Yaskawa Electric Corporation.

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

robots used in non-industrial environments

The Industrial robotics market in Africa is experiencing considerable growth, driven by factors such as increasing adoption of automation in various industries, growing demand for efficient and cost-effective production, and advancements in technology. The market is expected to continue growing at a rapid pace due to the expanding automotive, chemical, electric/electronic, food, metal, and other industries in the region.

Customer preferences: In Africa, there is a growing demand for industrial robotics as companies seek to increase efficiency and productivity in their operations. This trend is driven by the region's rapidly expanding manufacturing industry and the need to keep up with global competition. Additionally, the growing adoption of advanced technologies in African countries is fueling the demand for industrial robotics, with a focus on automation and digitization in various industries. This shift towards robotics is also influenced by the region's young and tech-savvy population, who are increasingly embracing technology and its benefits in the workplace.

Trends in the market: In Africa, the Industrial robotics market is experiencing a surge in demand, driven by the region's growing manufacturing sector. This trend is expected to continue as more companies adopt automation to increase efficiency and reduce labor costs. Additionally, there is a rise in the development of collaborative robots that can work alongside human workers, enhancing productivity and safety. This trend is significant as it opens up opportunities for small and medium-sized enterprises to adopt robotics technology. Industry stakeholders should take note of these developments and invest in training and infrastructure to support the growth of the Industrial robotics market in Africa.

Local special circumstances: In Africa, the Industrial robotics Market is seeing significant growth due to the rise of automation and the need for increased efficiency in manufacturing processes. However, the market is also impacted by unique factors such as varying levels of infrastructure development and regulatory frameworks across different countries. These factors can affect the adoption of robotics in different industries, with some countries being more open to automation while others may face challenges in implementation. Additionally, cultural attitudes towards technology and innovation may also play a role in the growth of the Industrial robotics Market in Africa.

Underlying macroeconomic factors: The growth of the Industrial robotics market is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in manufacturing infrastructure. Countries with favorable regulatory environments and strong investment in industrial automation technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding for manufacturing. Additionally, the increasing demand for efficient and cost-effective production processes, especially in the rapidly growing automotive and electronics industries, is driving the adoption of industrial robotics, further propelling market growth.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

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.