Industrial Robotics - Qatar | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$4.13m in 2024.
Other industry robotics dominates the market with a projected market volume of US$2.83m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.99%, resulting in a market volume of US$5.52m 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 Industrial Robotics market in Qatar is witnessing significant growth, driven by factors such as increasing adoption of automation, growing demand for efficient and cost-effective production, and advancements in technology. With considerable growth rate, the market is also impacted by factors such as the rise in industrial activities, government initiatives to promote automation, and the need for precision and accuracy in various industries.

Customer preferences: With the growing emphasis on efficiency and precision in industrial processes, there has been a noticeable increase in demand for advanced industrial robotics in Qatar. This trend is driven by factors such as the rising adoption of automation in manufacturing, the need for increased productivity and cost-effectiveness, and the growing focus on workplace safety. Furthermore, there is a shift towards collaborative robots, or cobots, which can work alongside human workers, providing a more flexible and efficient approach to industrial automation. This trend is indicative of the growing preference for collaborative and human-centered solutions in the industrial robotics market.

Trends in the market: In Qatar, the industrial robotics market is experiencing a surge in demand for collaborative robots (cobots) due to their ability to work alongside humans and increase efficiency. This trend is expected to continue as more industries adopt automation to improve productivity and reduce labor costs. Additionally, there is a growing focus on implementing smart factories and incorporating artificial intelligence (AI) in industrial robots to enhance their capabilities and enable them to adapt to changing production needs. These developments have significant implications for industry players, as they will need to invest in advanced technologies and upskill their workforce to remain competitive in the market.

Local special circumstances: In Qatar, the Industrial robotics market is experiencing rapid growth due to the country's strong focus on diversifying its economy and reducing reliance on oil and gas. The government has implemented policies and initiatives to attract foreign investment in the robotics industry, leading to partnerships and collaborations with international companies. Additionally, Qatar's strategic location in the Middle East and its advanced infrastructure make it an ideal hub for robotics research and development. The country's cultural emphasis on innovation and technology also contributes to the flourishing robotics market.

Underlying macroeconomic factors: The industrial robotics market in Qatar is heavily influenced by various macroeconomic factors. Global economic trends, such as the increasing adoption of automation and the growth of the manufacturing sector, are driving the demand for industrial robotics in the country. Qatar's strong economic growth and stable political environment also contribute to the market's performance. Furthermore, government initiatives to diversify the economy and reduce reliance on oil revenues have led to increased investment in the industrial sector, creating a favorable environment for the use of robotics in manufacturing processes. Additionally, Qatar's strategic location and its well-developed infrastructure make it an attractive market for international robotics companies, further fueling the growth of the industrial robotics market in the country.

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.