Industrial Robotics - Central Asia

Revenue in the Industrial Robotics market is projected to reach US$9.14m in 2024.
Other industry robotics dominates the market with a projected market volume of US$4.38m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.76%, resulting in a market volume of US$14.56m 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 Central Asia is witnessing significant growth due to factors such as increasing adoption of automation, growing demand from various industries, and advancements in technology. However, the market growth rate is affected by factors such as high initial investment and lack of skilled workforce. This has led to an elevated decline in the market, but the potential for growth remains strong with the increasing demand for efficient and cost-effective solutions in the automotive, chemical, electric/electronic, food, metal, and other industries.

Customer preferences: Consumers in Central Asia are increasingly prioritizing efficiency and cost-effectiveness in industrial processes, leading to a rise in demand for industrial robots. This trend is driven by a growing emphasis on automation and productivity, as well as an aging workforce and rising labor costs. Additionally, the region's growing manufacturing sector and government initiatives to promote industrial modernization are also contributing to the increasing adoption of industrial robotics.

Trends in the market: In Central Asia, the Industrial robotics market is experiencing a surge in demand for advanced robotics solutions, particularly in the manufacturing sector. This is driven by the increasing adoption of Industry 4.0 technologies and the need for automation and efficiency in production processes. Additionally, there is a growing trend of collaborative robots, or "cobots," which work alongside human workers, enhancing productivity and safety. These trends are significant as they highlight the region's shift towards advanced manufacturing and the potential for increased competitiveness. However, industry stakeholders must also consider the implications of these trends, such as the need for upskilling and reskilling of the workforce to effectively utilize and manage these technologies.

Local special circumstances: In Central Asia, the Industrial Robotics market is seeing steady growth due to the region's focus on modernizing its industries and increasing efficiency. The unique geographical location of the region, with its vast landmass and varied topography, presents challenges for transportation and logistics, driving the demand for automated solutions. Additionally, the region's cultural emphasis on technology and innovation has led to a favorable environment for the adoption of industrial robotics. Moreover, the government's efforts to attract foreign investment and promote industrialization have further fueled the market's growth. These factors, combined with the region's favorable regulatory climate, make Central Asia a promising market for industrial robotics.

Underlying macroeconomic factors: The growth of the Industrial robotics market is also influenced by macroeconomic factors such as technological advancements, government policies, and investment in industrial infrastructure. Countries with favorable regulatory environments and strong investment in automation technologies are experiencing faster market growth compared to regions with regulatory challenges and limited industrial funding. Additionally, the increasing demand for efficient and cost-effective manufacturing processes, driven by global economic trends, is fueling the adoption of industrial robotics in Central Asia.

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.