Robotics - Kazakhstan

Kazakhstan

Revenue in the Robotics market is projected to reach US$28.94m in 2024.
Service robotics dominates the market with a projected market volume of US$25.31m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 11.34%, resulting in a market volume of US$44.48m by 2028.
In global comparison, most revenue will be generated in the United States (US$9,716.00m in 2024).

Key regions: United States, China, South Korea, Japan, Germany

Definition:

The Robotics market refers to the industry that encompasses the design, development, manufacturing, and deployment of robotic systems and technologies. It involves the creation of machines that perform tasks autonomously or with minimal human intervention. These machines, also known as robots, mimic human actions and/or perform specialized functions in various sectors. These sectors include manufacturing, healthcare, agriculture, logistics, defense, and entertainment.

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.

Structure:

The Robotics market shows the market size of robotics in industrial and service use cases. In Industrial Robotics, there are six distinct markets:

The Automotive Industry Robotics market
The Chemical Industry Robotics market
The Electric/Electronic Industry Robotics market
The Food Industry Robotics market
The Metal Industry Robotics market
The Other Industry Robotics market

Service Robotics is further split into:

The Commercial Service Robotics market, which contains the Agriculture, Logistics, Medical and Other Service Robotics markets
The Consumer Service Robotics market, which contains the Domestic and Entertainment Robotics markets

Additional information:

Data includes revenues, volume, and the average price per newly installed robot. It also examines the level of automation, the share of collaborative robots, and investment in robotics, 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. Industrial Robotics does not include software revenues, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them. For Service Robotics, software revenues are considered, as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Kuka, ABB, Boston Dynamics, and Yaskawa Electric Corporation.

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Market

Region

Region comparison

Currency

Analyst Opinion

The Robotics market in Kazakhstan has been witnessing slow growth, influenced by factors such as limited adoption of advanced technologies, lack of awareness among consumers and high costs associated with implementing robotics solutions. This is especially evident in the Industrial and Service sub-markets. The overall growth rate has been affected by these challenges, leading to a negligible growth. However, as the country continues to develop and modernize, there is potential for increased adoption of robotics in various industries, driving future growth.

Customer preferences: As Kazakhstan's economy continues to grow and modernize, there has been a notable increase in demand for advanced robotics technology. This trend is driven by the country's strong focus on innovation and efficiency, as well as the need for automation in industries such as manufacturing, agriculture, and healthcare. Additionally, there is a growing preference for customizable and adaptable robotics solutions that can be tailored to specific business needs. This reflects the changing consumer mindset towards technology, where efficiency and flexibility are becoming key factors in decision-making.

Trends in the market: In Kazakhstan, the Robotics Market is experiencing a surge in demand for collaborative robots, also known as "cobots". These robots are designed to work alongside humans and are equipped with advanced sensors and safety features. This trend is significant as it allows for increased efficiency and productivity in industries such as manufacturing and logistics. Additionally, there is a growing trend of using artificial intelligence in robotics, allowing for more sophisticated and autonomous operations. This has the potential to disrupt traditional job roles and create new opportunities for skilled workers in the industry. As the use of robotics continues to rise, it is crucial for stakeholders to adapt and invest in training and development to keep up with the rapidly evolving technology.

Local special circumstances: In Kazakhstan, the Robotics Market is steadily growing due to the government's focus on modernizing industries and promoting innovation. The country's strategic location also makes it a key player in the Eurasian market, attracting foreign investments and collaborations. Additionally, the country's strong engineering and technical education system provides a skilled workforce for the robotics industry. However, the market is still in its nascent stage and faces challenges such as limited consumer awareness and high import costs for advanced robotics equipment.

Underlying macroeconomic factors: The Robotics Market in Kazakhstan is strongly impacted by macroeconomic factors such as technological advancements, government support, and investment in research and development. As the country continues to invest in cutting-edge robotics technology, it is expected to experience significant market growth. Additionally, the country's stable economic health and favorable fiscal policies create a conducive environment for market players. However, the market's growth may be hindered by the lack of skilled labor and high initial costs associated with robotics technology adoption.

Methodology

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.