Service Robotics - Algeria | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$9.15m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$7.26m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.11%, resulting in a market volume of US$10.15m by 2029.
In global comparison, most revenue will be generated United States (US$8.68bn in 2024).

Definition:

The Service Robotics market presents the market size of robotics in service use cases, e.g., commercial service robots or consumer service robots. Service robots are intended for personal or professional use and are designed to assist humans in carrying out certain tasks.

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 Commercial Service Robotics and Consumer Service Robotics markets can be found within the Service Robotics market. The Commercial Robotics market is further split into a range of service industries that have the highest adoption of robots. This includes agriculture service robotics, logistics service robotics, medical service robotics, and all other service industries, which are all covered by the Other Industry Robotics market.

Additional information:

The market comprises revenues, volume, and the average price per new installed robot. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robot. It is shown in manufacturer prices. Software revenues are included as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Intuitive Surgical, ABB, and iRobot.

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

Commercial Service Robotics
Consumer Service Robotics

robots used in industrial use cases

The Service robotics market in Algeria is experiencing a mild decline in growth rate. Factors such as slow adoption of robotics technology, limited awareness about its benefits, and high costs are impacting the market's growth. However, with increasing demand for automation and efficiency in industries, the market is expected to see a gradual growth in the coming years.

Customer preferences: The service robotics market in Algeria is experiencing a shift towards automation and digitalization in various industries, including healthcare, manufacturing, and hospitality. This can be attributed to the rising demand for efficiency and cost-effectiveness, as well as the need for contactless solutions in the wake of the COVID-19 pandemic. Additionally, the country's young and tech-savvy population is driving the adoption of service robots, making it a promising market for service robotics companies.

Trends in the market: In Algeria, there is a growing trend of using service robotics in various industries such as healthcare, retail, and agriculture. This trend is driven by the government's initiatives to promote the adoption of automation and robotics in the country. The significance of this trend lies in its potential to improve efficiency, reduce costs, and enhance overall productivity. This trend also has implications for industry stakeholders, as they need to invest in advanced technologies and develop partnerships to stay competitive in the market.

Local special circumstances: In Algeria, the Service robotics market is still in its early stages due to limited awareness and adoption of advanced technologies. However, with the government's focus on modernizing industries and increasing investment in research and development, the market is expected to witness significant growth. Additionally, the country's large oil and gas sector presents opportunities for service robots in inspection and maintenance tasks. The cultural emphasis on hospitality and personalized services also creates a demand for service robots in the hospitality and healthcare industries.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in Algeria is greatly impacted by macroeconomic factors such as technological advancements, government policies, and investments in infrastructure. With the government's focus on promoting industrial development and innovation, the robotics market is expected to witness significant growth. Furthermore, the increasing demand for automation and efficiency in various industries, coupled with the country's favorable economic conditions, is driving the adoption of service robotics in Algeria. Additionally, the rising need for cost-effective solutions and the growing aging population are also contributing to the market's expansion.

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.