Commercial Service Robotics - Jordan

  • Jordan
  • Revenue in the Commercial Service Robotics market is projected to reach US$5,950.00k in 2024.
  • Other service robotics dominates the market with a projected market volume of US$2,917.00k in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.40%, resulting in a market volume of US$15,690.00k by 2029.
  • In global comparison, most revenue will be generated in the United States (US$4,993.00m in 2024).

Key regions: Italy, Japan, France, United States, China

 
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Analyst Opinion

The Commercial Service Robotics Market in Jordan is experiencing rapid growth, driven by factors such as increasing demand for digital technologies, rising awareness of the benefits of service robotics, and the convenience of online services. The market's elevated growth rate can be attributed to the strong performance of sub-markets such as Agriculture, Logistics, Medical, and Other Service Robotics, which are all contributing to the overall expansion of the robotics industry in Jordan.

Customer preferences:
There has been a noticeable increase in the adoption of commercial service robotics in Jordan, as businesses seek to improve efficiency and reduce costs. This trend is driven by the growing preference for automation and advanced technology solutions in the country. Additionally, the rise of e-commerce and delivery services has led to a demand for robotic solutions in the logistics and warehousing sector. This shift towards automation is also influenced by the country's young and tech-savvy population, who are more inclined towards innovative and convenient solutions.

Trends in the market:
In Jordan, there is a growing demand for service robotics in the commercial sector, particularly in industries such as healthcare, logistics, and hospitality. This trend is driven by the need to increase efficiency and reduce costs, as well as the growing focus on providing a more personalized customer experience. As a result, there is an increasing adoption of robots for tasks such as inventory management, delivery, and customer service. This trend is expected to continue in the coming years, with service robotics becoming an integral part of the business operations in Jordan. This has significant implications for industry stakeholders, as they will need to adapt to this shift in technology to remain competitive in the market.

Local special circumstances:
In Jordan, the Commercial service robotics Market within the Service robotics Market of the Robotics Market is influenced by the country's growing focus on technological advancements and its strategic location in the Middle East. Jordan's government has been actively promoting entrepreneurship and innovation, leading to a surge in start-ups and investment in the robotics industry. Additionally, the country's favorable business environment and low labor costs make it an attractive market for service robotics companies.

Underlying macroeconomic factors:
The Commercial service robotics Market of the Service robotics Market within the Robotics Market is heavily impacted by macroeconomic factors in Jordan. The country's economic stability, government policies and regulations, as well as investment in technology and infrastructure, all play a crucial role in shaping the market. Additionally, the global economic climate and trends also have a significant influence, as Jordan is heavily reliant on imports and exports. Moreover, the country's healthcare sector is growing rapidly, with a focus on modernizing and digitalizing healthcare services, creating a conducive environment for the growth of the Commercial service robotics Market.

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.

Overview

  • Revenue
  • Key Players
  • Volume
  • Price
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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