Industrial Robotics - Morocco | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$55.57m in 2024.
Automotive industry robotics dominates the market with a projected market volume of US$20.67m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.53%, resulting in a market volume of US$62.97m 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.

For more information on the data displayed, use the info button right next to the box.

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 robotics market in Morocco is experiencing remarkable growth, driven by factors such as increasing adoption of automated technologies, rising demand for efficiency and productivity in various industries, and the convenience offered by robotic solutions. The sub-markets within this sector, such as automotive, chemical, electric/electronic, food, metal, and others, are also contributing to the overall growth rate. The market's extraordinary growth can be attributed to the country's growing industrial sector and government initiatives to promote automation.

Customer preferences: As Morocco continues to develop its industrial sector, there is a growing demand for advanced manufacturing processes and automation solutions. This has led to an increased adoption of industrial robotics in the country. Furthermore, with the rise of smart factories and Industry 4.0, there is a growing trend towards the integration of robotics and artificial intelligence in industrial processes. This is driven by the need for increased efficiency, productivity, and cost-effectiveness in manufacturing. Additionally, with a young and tech-savvy population, there is a growing acceptance and enthusiasm for industrial robotics among Moroccan consumers.

Trends in the market: In Morocco, the Industrial robotics market is experiencing a surge in demand for collaborative robots (cobots) due to their flexibility, affordability, and ease of use. This trend is expected to continue as more companies adopt automation to improve efficiency and reduce costs. Additionally, there is a growing focus on integrating artificial intelligence (AI) and machine learning (ML) capabilities into industrial robots, allowing for advanced data analysis and predictive maintenance. These advancements have significant implications for industry stakeholders, as they can improve productivity, reduce downtime, and enhance overall performance. As the use of cobots and AI-powered robots becomes more widespread, the Industrial robotics market in Morocco is expected to witness significant growth in the coming years.

Local special circumstances: In Morocco, the Industrial robotics market is seeing growth due to the country's strategic location as a gateway to Africa and Europe, and the government's focus on industrial development through initiatives such as the Industrial Acceleration Plan. Additionally, the cultural emphasis on craftsmanship and precision has created a demand for advanced robotics technologies, particularly in the automotive and electronics industries. However, the market is also impacted by regulatory challenges such as limited access to financing and lack of skilled labor, which can hinder growth and adoption of industrial robotics solutions.

Underlying macroeconomic factors: The growth of the Industrial robotics market in Morocco is influenced by macroeconomic factors such as technological advancements, government support, and investment in manufacturing infrastructure. Countries with favorable regulatory environments and strong investment in industrial automation 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, coupled with the growing need to reduce labor costs, is driving the adoption of industrial robotics in Morocco.

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.