Industrial Robotics - Bahrain | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$1.64m in 2024.
Metal industry robotics dominates the market with a projected market volume of US$686.50k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.00%, resulting in a market volume of US$2.29m 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 Bahrain is experiencing significant growth, driven by factors such as increased adoption of automation technologies, growing demand for efficient and cost-effective manufacturing processes, and the convenience offered by robotic solutions. The market's significant growth rate is also influenced by the rise in demand from various industries, including automotive, chemical, electric/electronic, food, metal, and others. This trend is expected to continue, driven by the country's focus on technological advancements and the increasing need for automation in industries.

Customer preferences: As the demand for automation and efficiency in the manufacturing sector continues to rise, industrial robotics are becoming increasingly popular in Bahrain. This trend is driven by the need for increased productivity and cost-effectiveness, as well as the shortage of skilled labor in the country. Additionally, the rise of Industry 4.0 and the adoption of advanced technologies such as artificial intelligence and machine learning are further fueling the growth of the industrial robotics market in Bahrain.

Trends in the market: In Bahrain, there is a significant increase in the adoption of industrial robotics in various industries, such as automotive, electronics, and food and beverage. This trend is driven by the government's initiatives to promote automation and increase productivity. The trajectory of this trend is expected to continue as more companies realize the benefits of using industrial robots, including increased efficiency, accuracy, and cost savings. This trend also has significant implications for industry stakeholders, as it creates opportunities for partnerships and collaborations between robotics companies and businesses in Bahrain. Additionally, it could lead to the creation of new jobs in the robotics industry and boost the overall economy.

Local special circumstances: In Bahrain, the Industrial robotics market is influenced by the country's strategic location as a major trading hub in the Gulf region. Its proximity to major markets in the Middle East and Africa makes it an attractive location for companies to establish their operations. Additionally, the Bahraini government has implemented policies and initiatives to promote the growth of the manufacturing sector, which has led to an increase in demand for industrial robots. The country's small size and business-friendly environment also make it easier for companies to navigate regulatory processes, making it a favorable market for industrial robotics.

Underlying macroeconomic factors: The Industrial robotics market in Bahrain is greatly impacted by macroeconomic factors such as the country's economic stability, government policies and investment in technological advancements. As a country with a rapidly growing economy and a strong focus on industrial development, Bahrain offers a favorable environment for the growth of the Industrial robotics market. Additionally, the increasing demand for automation and the adoption of Industry 4.0 technologies by various industries in Bahrain are also contributing to the growth of the market. Moreover, the government's initiatives to promote the use of robotics in the manufacturing sector and investments in research and development are further propelling the growth of the Industrial robotics market in Bahrain.

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.