Robotics - Kenya

Kenya

Revenue in the Robotics market is projected to reach US$18.63m in 2024.
Service robotics dominates the market with a projected market volume of US$18.33m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.28%, resulting in a market volume of US$34.75m 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.

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

Market

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Analyst Opinion

The Robotics market in Kenya is experiencing subdued growth due to factors such as limited technological advancements, lower consumer awareness, and high costs of implementing robotics in industries and services. However, with increasing government initiatives and partnerships with global players, the market is expected to witness steady growth in the coming years.

Customer preferences: Consumers in Kenya are increasingly adopting robotics and automation technologies, driven by the need for efficiency and cost-effectiveness in industries such as manufacturing, agriculture, and healthcare. This trend is influenced by the country's growing economy and expanding middle-class population. Additionally, there is a rising interest in using robotics to address labor shortages and improve productivity. This shift towards automation is also fueled by the desire for increased accuracy and precision in various processes.

Trends in the market: In Kenya, the Robotics Market is seeing a surge in demand for automation solutions, driven by the country's push for industrialization and modernization. This trend is expected to continue as the government invests in infrastructure development and promotes the adoption of advanced technologies. Industry stakeholders are increasingly focusing on developing cost-effective and efficient robotics solutions to meet the growing demand. This trajectory is significant as it presents opportunities for local businesses to expand their offerings and tap into the global market. However, it also raises concerns about potential job displacement and the need for upskilling the workforce to adapt to a more technology-driven economy.

Local special circumstances: In Kenya, the Robotics Market is influenced by the country's growing tech industry and government initiatives to promote innovation. This has led to a rise in local startups and investment in research and development. Additionally, the country's agriculture sector has created a demand for robotics in farming, particularly in the coffee and tea industries. The presence of a large youth population and high mobile phone usage also presents opportunities for the adoption of robotics technology in education and healthcare.

Underlying macroeconomic factors: The Robotics Market in Kenya is significantly impacted by macroeconomic factors, such as technological advancements, government policies, and investment in manufacturing infrastructure. As a developing nation, Kenya has been investing in automation and robotics to improve productivity and reduce labor costs. Additionally, the country's strong economic growth and stable political environment have attracted foreign investment in the robotics industry. However, challenges such as high import duties and limited access to capital may hinder the market's growth. Nonetheless, the rising demand for automation in various industries, along with the government's efforts to promote innovation and industrialization, is expected to drive the growth of the Robotics Market in Kenya.

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.