Industrial Robotics - Uzbekistan | Statista Market Forecast

Revenue in the Industrial Robotics market is projected to reach US$5.55m in 2024.
Other industry robotics dominates the market with a projected market volume of US$2.73m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.13%, resulting in a market volume of US$8.20m 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 Uzbekistan is experiencing elevated decline, impacted by factors such as increasing adoption of automation, growing demand for efficient production in various industries, and advancements in technology. This market's growth is also influenced by the sub-markets of Automotive, Chemical, Electric/Electronic, Food, Metal, and Other industries, which drive demand for robotics solutions in their respective sectors. The convenience and efficiency offered by industrial robotics are key drivers of market growth in Uzbekistan.

Customer preferences: As the demand for automation and efficiency increases in the manufacturing sector, the use of industrial robotics has also seen a significant rise in Uzbekistan. This trend is driven by the need to reduce labor costs and improve product quality. Additionally, the growing focus on sustainable and eco-friendly production practices has led to the adoption of robotics in industries such as automotive, electronics, and food processing. This shift towards automation is also fueled by the country's young and tech-savvy population, who are more inclined towards advanced technologies in the workplace.

Trends in the market: In Uzbekistan, the Industrial robotics Market is experiencing a growing trend of incorporating artificial intelligence and machine learning capabilities into robotics systems. This is driven by the increasing demand for advanced automation solutions across industries such as manufacturing, logistics, and healthcare. As these technologies continue to evolve, they are expected to offer enhanced efficiency, precision, and flexibility in operations. This trend is significant for industry stakeholders as it presents opportunities for cost savings, improved productivity, and the ability to handle more complex tasks. However, it also raises concerns about potential job displacement and the need for upskilling and reskilling of the workforce.

Local special circumstances: In Uzbekistan, the Industrial robotics market is experiencing growth due to the government's push towards modernization and automation in industries. The country's strategic location along the Silk Road and its emerging manufacturing sector also contribute to the demand for industrial robots. Additionally, cultural factors such as the preference for high-tech solutions and the increasing use of robots in traditional crafts and agriculture industries further drive the market. However, strict regulations on foreign investment and limited access to skilled labor present challenges for market growth.

Underlying macroeconomic factors: The growth of the Industrial robotics market in Uzbekistan is heavily influenced by macroeconomic factors such as government investments in infrastructure, favorable regulatory policies, and technological advancements. As the country continues to experience economic growth and modernization, there is a growing demand for automation and advanced manufacturing processes. Additionally, the rising labor costs and shortage of skilled workers in the country are also driving the adoption of industrial robotics. Furthermore, global trends of increased automation in industries and the need for efficient and cost-effective production methods are also contributing to the growth of the Industrial robotics market in Uzbekistan.

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.