Robotics - Kazakhstan

Kazakhstan

Revenue in the Robotics market is projected to reach US$32.89m in 2024.
Service robotics dominates the market with a projected market volume of US$29.30m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.80%, resulting in a market volume of US$60.07m by 2029.
In global comparison, most revenue will be generated in the United States (US$9,421.00m 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

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Analyst Opinion

The Robotics Market in Kazakhstan is experiencing a minimal decline in growth rate due to factors such as limited adoption of digital technologies, lower health awareness, and lack of trust in online services. However, the market is expected to grow with the increasing demand for industrial and service robotics in various industries.

Customer preferences: The Robotics Market in Kazakhstan is experiencing a notable shift towards automation and advanced robotics solutions, driven by the growing demand for efficiency and cost-effectiveness in various industries. This trend is also fueled by the country's focus on modernization and technological advancement. Moreover, the increasing adoption of artificial intelligence and machine learning technologies in the robotics sector is further propelling the market growth. This shift towards cutting-edge robotics solutions is also influenced by the country's strong engineering and IT talent pool and its government's support for innovation and digitalization.

Trends in the market: In Kazakhstan, the Robotics Market is experiencing a surge in demand for automation solutions in various industries, such as manufacturing, healthcare, and logistics. This trend is driven by the need for increased efficiency, cost reduction, and improved quality control. The trajectory of this trend suggests that there will be a continued adoption of robotics technology, with a focus on advanced features like artificial intelligence and machine learning. This trend is significant as it not only improves productivity but also creates new job opportunities in the field of robotics. Moreover, it has potential implications for industry stakeholders, including increased competition, the need for upskilling and reskilling, and the potential for collaboration between traditional and robotic workforce.

Local special circumstances: In Kazakhstan, the Robotics Market is growing due to the country's efforts to diversify its economy and embrace technological advancements. The government has implemented various initiatives to promote the use of robotics in industries such as manufacturing and agriculture. The country's strategic location between Europe and Asia also makes it an attractive market for robotics companies looking to expand their global presence. Additionally, the country's relatively low labor costs and skilled workforce further contribute to the growth of the Robotics Market in Kazakhstan.

Underlying macroeconomic factors: The Robotics Market in Kazakhstan is heavily influenced by macroeconomic factors such as technological advancements, government support, and overall economic stability. As the country continues to invest in research and development, the robotics industry is expected to experience significant growth. Additionally, favorable fiscal policies and a strong national economy provide a supportive environment for the market to thrive. The increasing demand for automation and efficiency in various industries also contributes to the growth of the robotics market in Kazakhstan.

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.