Robotics - Morocco

Morocco

Revenue in the Robotics market is projected to reach US$73.10m in 2024.
Industrial robotics dominates the market with a projected market volume of US$55.57m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.49%, resulting in a market volume of US$100.10m 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

Region

Region comparison

Currency

Analyst Opinion

The Robotics market in Morocco is experiencing significant growth, driven by factors such as increasing adoption of automation, rising demand for industrial and service robots, and government initiatives promoting technological advancements. This substantial growth rate is also influenced by the convenience and efficiency offered by robotic solutions in various industries.

Customer preferences: As the adoption of automation and digitalization accelerates in Morocco, there is a growing demand for robotics solutions in various industries. This is driven by the need for increased efficiency, productivity, and cost savings. Additionally, consumers are increasingly looking for smart home and personal assistant robots to simplify daily tasks and enhance convenience. Furthermore, the rise of e-commerce in the country has also fueled the demand for logistics and warehouse automation, leading to the development of advanced robotics solutions tailored for this sector.

Trends in the market: In Morocco, the Robotics Market is experiencing a surge in demand for robotic automation in various industries, such as manufacturing, healthcare, and agriculture. This trend is expected to continue as companies seek to streamline processes, increase efficiency, and reduce labor costs. Additionally, there is a growing focus on developing advanced robotics technology, such as artificial intelligence and machine learning, to further enhance the capabilities and applications of robots. This presents significant opportunities for industry stakeholders, but also poses challenges such as the need for skilled labor and potential job displacement. Overall, the trajectory of these trends is towards a more automated and technologically-driven market, with implications for both businesses and the workforce.

Local special circumstances: In Morocco, the Robotics market is experiencing growth due to the country's strategic location as a gateway between Europe and Africa, as well as its investment in developing its technology sector. Additionally, the government has implemented policies to support the growth of the robotics industry, such as tax incentives for companies investing in research and development. This has created a favorable environment for local startups and foreign companies looking to enter the market. Furthermore, the country's strong focus on education and training in STEM fields has resulted in a skilled workforce for the robotics industry.

Underlying macroeconomic factors: The Robotics Market in Morocco is heavily impacted by macroeconomic factors such as technological advancements, government support, and investment in infrastructure. Countries with strong government initiatives and investments in robotics technologies are experiencing rapid market growth compared to regions with limited government support and infrastructure. Furthermore, the rising demand for automation in various industries and the growing need for cost-effective and efficient solutions are driving the growth of the Robotics Market in Morocco. Additionally, the country's stable economic health and favorable business environment make it an attractive market for international robotics companies looking to expand their presence.

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.