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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NOTES: Data was converted from local currencies using average exchange rates of the respective year.
MOST_RECENT_UPDATE: Aug 2024
SOURCE: Statista Market Insights
NOTES: Data was converted from local currencies using average exchange rates of the respective year.
MOST_RECENT_UPDATE: Aug 2024
SOURCE: Statista Market Insights
NOTES: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
MOST_RECENT_UPDATE: Mar 2024
MOST_RECENT_UPDATE: Dec 2024
SOURCE: Statista Market Insights
MOST_RECENT_UPDATE: Aug 2024
SOURCE: Statista Market Insights
NOTES: Data was converted from local currencies using average exchange rates of the respective year.
MOST_RECENT_UPDATE: Aug 2024
SOURCE: Statista Market Insights
The Industrial Robotics market in Kenya is experiencing subdued growth, influenced by factors such as the increasing adoption of digital technologies, rising awareness of the benefits of robotics in various industries, and the convenience of online services. The market encompasses various sub-markets, including Automotive, Chemical, Electric/Electronic, Food, Metal, and Other industries, each with its unique growth drivers. Despite the slower growth rate, the market is expected to continue expanding in the coming years, driven by advancements in technology and the need for automation in manufacturing processes.
Customer preferences: The industrial robotics market in Kenya has seen a significant increase in demand for automation solutions, driven by the need for improved efficiency and cost-effectiveness. This trend is particularly notable in the manufacturing sector, where there is a growing preference for robotic systems over manual labor. Additionally, as the country continues to experience rapid urbanization and a young, tech-savvy population, there is a growing interest in advanced robotics technologies that can enhance productivity and support sustainable development.
Trends in the market: In Kenya, the Industrial robotics market is experiencing a rise in the adoption of collaborative robots, also known as cobots, which are designed to work alongside humans in manufacturing processes. This trend is driven by the need for increased efficiency, productivity, and safety in the industrial sector. With the government's focus on promoting industrialization and technological advancement, the demand for cobots is expected to steadily increase, creating opportunities for stakeholders in the robotics market. Additionally, the use of mobile robots in logistics and warehousing is gaining traction, providing cost-effective and flexible solutions for businesses. This trend is expected to continue as the e-commerce sector in Kenya grows, creating a significant impact on the robotics market.
Local special circumstances: In Kenya, the Industrial robotics Market within the Robotics Market is driven by the growing demand for automation in various industries, such as manufacturing and healthcare. This is due to the country's favorable business environment and its position as a regional hub for technology and innovation. Additionally, Kenya's strong focus on sustainability and environmental conservation has led to the adoption of eco-friendly and energy-efficient robotic solutions. Furthermore, the government's initiatives to promote local manufacturing and reduce dependence on imports have also contributed to the growth of the market.
Underlying macroeconomic factors: The Industrial robotics market in Kenya is significantly influenced by macroeconomic factors such as technological advancements, government initiatives, and investment in industrial automation. As a developing country, Kenya has been actively investing in its infrastructure and technological capabilities to improve its economic performance. This has led to an increased demand for advanced robotics solutions in the manufacturing sector, where efficiency and productivity are key drivers of growth. Moreover, the favorable regulatory environment and government support for industrial automation have also contributed to the growth of the Industrial robotics market in Kenya. However, challenges such as limited access to financing and skilled labor shortage continue to hinder the market's growth potential.
NOTES: Data was converted from local currencies using average exchange rates of the respective year.
MOST_RECENT_UPDATE: Aug 2024
SOURCE: Statista Market Insights
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.NOTES: Based on data from IMF, World Bank, UN and Eurostat
MOST_RECENT_UPDATE: Jan 2025
SOURCE: Statista Market Insights
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