Industrial Robotics - Egypt | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$3.86m in 2024.
Other industry robotics dominates the market with a projected market volume of US$1.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -6.51%, resulting in a market volume of US$2.75m 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 Egypt is facing mild decline due to factors such as slow economic growth and limited technological advancements. However, the increasing adoption of digital technologies and growing awareness about the benefits of automation in various industries such as automotive, chemical, and food are expected to drive the market's growth in the coming years. Additionally, the convenience and efficiency offered by robotic systems in the electric, electronic, and metal industries are also contributing to the market's potential for growth.

Customer preferences: With the growing need for efficiency and productivity in the manufacturing sector, there has been a significant increase in the adoption of industrial robotics in Egypt. This trend is further fueled by the country's young and tech-savvy workforce, along with government initiatives to promote automation and attract foreign investments. Additionally, the demand for flexible and customizable robotic solutions is on the rise, as companies prioritize cost-effectiveness and adaptability to meet changing market demands.

Trends in the market: In Egypt, the Industrial robotics Market within the Robotics Market is seeing a trend towards the adoption of collaborative robots (cobots). These robots are designed to work alongside humans, making them more suitable for small and medium enterprises. This trend is significant as it addresses the issue of labor shortage and increases productivity. It also has potential implications for industry stakeholders, such as reduced labor costs and improved safety for workers. Additionally, there is a growing interest in the use of AI and machine learning in industrial robotics, which can enhance decision-making and efficiency in the manufacturing process.

Local special circumstances: In Egypt, the Industrial robotics market is driven by the country's focus on developing its manufacturing industry and increasing automation in various sectors. The government's initiatives to attract foreign investment and promote local innovation have led to the growth of the market. Additionally, Egypt's strategic location and access to key markets in Africa and the Middle East make it an attractive hub for industrial robotics companies. The cultural emphasis on efficiency and productivity also plays a significant role in driving the adoption of robotics in the country. However, regulatory hurdles and limited skilled workforce remain key challenges for the market's growth in Egypt.

Underlying macroeconomic factors: The Industrial robotics Market within the Robotics Market is heavily impacted by macroeconomic factors such as technological advancements, government policies, and investment in industrial infrastructure. Countries with supportive regulatory frameworks and significant investments in industrial automation are experiencing faster market growth compared to regions with limited government support and outdated manufacturing processes. Furthermore, the rising demand for cost-efficient and high-quality production, coupled with the need to reduce human error and increase productivity, is driving the adoption of industrial robotics globally.

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.