Key regions: France, Italy, United States, South Korea, United Kingdom
The Industrial Robotics market in Jordan is witnessing remarkable growth, fueled by factors such as increasing adoption of automation, growing awareness of efficiency benefits, and the convenience of online services. The outstanding growth rate can be attributed to the demand from various sub-markets, including automotive, chemical, electric/electronic, food, metal, and other industries.
Customer preferences: Industrial robotics have become increasingly popular in Jordan due to the country's growing manufacturing sector and the need for increased efficiency and productivity. This trend is also driven by the cultural value placed on precision and accuracy in production processes. Additionally, the rising labor costs and shortage of skilled workers in the country have led to a higher demand for automation solutions. As a result, there has been a notable increase in the adoption of industrial robots in various industries, such as automotive, electronics, and food processing. This shift towards automation is also seen as a way to improve working conditions and reduce the risk of workplace injuries.
Trends in the market: In Jordan, there is a growing trend of incorporating collaborative robots (cobots) in industrial settings. These robots work alongside humans, increasing efficiency and safety in manufacturing processes. This trend is expected to continue, with the country's government promoting the adoption of cobots through initiatives such as the National Robotics Initiative. This has significant implications for industry stakeholders, as it allows for cost-effective automation without the need for extensive reconfiguration of existing processes. Additionally, the use of cobots can help bridge the gap in the country's labor shortage, making it an attractive solution for businesses in the industrial sector.
Local special circumstances: In Jordan, the Industrial robotics market is experiencing growth due to the government's initiative to promote industrial automation and increase the country's competitiveness in the global market. The country's strategic location also makes it a hub for manufacturing and logistics, driving the demand for industrial robotics. Additionally, cultural norms that prioritize efficiency and precision in production processes have further boosted the adoption of industrial robotics in the country. However, strict regulations on foreign investments and limited access to skilled labor are challenges that could hinder the market's growth.
Underlying macroeconomic factors: The growth of the Industrial robotics market in Jordan is influenced by macroeconomic factors such as technological advancements, government initiatives, and investment in industrial infrastructure. Countries with favorable business climates and strong investment in automation technologies are experiencing faster market growth compared to regions with regulatory challenges and limited industrial development. Additionally, the rising demand for efficient and cost-effective manufacturing solutions, coupled with the need to enhance productivity and quality, is driving the adoption of industrial robotics in Jordan.
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.
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