Industrial Robotics - Algeria | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$5.25m in 2024.
Other industry robotics dominates the market with a projected market volume of US$4.47m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -1.75%, resulting in a market volume of US$4.80m 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 Algeria is experiencing rapid growth, driven by increasing adoption of automation in various industries such as automotive, chemical, electric/electronic, food, metal, and others. Factors such as rising demand for efficiency and productivity, advancements in technology, and government initiatives are contributing to the elevated growth rate of this market. The convenience and cost-effectiveness offered by industrial robotics are also major factors impacting the market's growth.

Customer preferences: As the demand for automation and efficiency in industrial processes rises, there is a growing preference for advanced industrial robotics solutions in Algeria. This can be attributed to the country's young and tech-savvy population, coupled with a growing focus on sustainability and cost-effectiveness. Additionally, the rise of e-commerce and online retail in Algeria has also led to a surge in demand for automated warehousing and logistics solutions. These emerging trends highlight the increasing adoption of advanced robotics technologies in the Algerian market.

Trends in the market: In Algeria, there is a growing interest in the Industrial robotics market, with an emphasis on automation and efficiency in manufacturing processes. This trend is driven by the country's efforts to diversify its economy and reduce its dependence on oil and gas. As a result, there is a rising demand for collaborative robots that can work alongside human workers in small and medium-sized enterprises. Additionally, there is a growing focus on incorporating artificial intelligence and machine learning capabilities into industrial robots to enhance their performance and adaptability. These trends are expected to have significant implications for industry stakeholders, providing opportunities for growth and innovation in the Algerian robotics market.

Local special circumstances: In Algeria, the Industrial robotics market is experiencing significant growth due to the country's focus on modernizing its industries and reducing dependence on oil and gas. The government has launched various initiatives, such as the National Industrial Strategy, to promote the adoption of automation and robotics in manufacturing. Additionally, the country's young and tech-savvy population, coupled with favorable government policies, is driving the demand for industrial robotics. However, the market is also facing challenges such as limited infrastructure and a lack of skilled labor, which are unique to Algeria and can impact the market dynamics.

Underlying macroeconomic factors: The Industrial robotics market in Algeria is heavily influenced by macroeconomic factors such as government initiatives to promote industrial automation, growth in manufacturing industries, and increasing adoption of advanced technologies. Moreover, the country's strong economic growth, favorable investment policies, and initiatives to improve productivity and efficiency in the manufacturing sector are also contributing to the growth of the market. Additionally, the rising demand for automation in various industries, such as automotive, electronics, and food and beverage, is further propelling the growth of the Industrial robotics market in Algeria.

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.