Commercial Service Robotics - MENA

  • MENA
  • Revenue in the Commercial Service Robotics market is projected to reach US$919.70m in 2024.
  • Other service robotics dominates the market with a projected market volume of US$493.20m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.04%, resulting in a market volume of US$1,853.00m 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 MENA is experiencing steady growth, driven by factors such as increasing automation in various industries, rising demand for efficiency and cost-effectiveness, and advancements in technology. However, the market is facing minimal decline in growth rate due to factors like high costs of implementation and lack of awareness.

Customer preferences:
As the demand for efficient and cost-effective solutions in the commercial sector continues to rise in MENA, the Service robotics Market within the Robotics Market is witnessing a shift towards autonomous machines and robotic automation. This trend is fueled by the need to streamline operations and reduce reliance on manual labor. Additionally, with increasing urbanization and a growing aging population, there is a growing demand for service robots that can assist with tasks such as cleaning, security, and personal care. This trend is expected to continue as businesses and individuals seek to incorporate advanced technologies into their daily operations and lifestyles.

Trends in the market:
In MENA, there is a growing demand for commercial service robotics in the healthcare sector, with hospitals and clinics increasingly adopting robots for tasks such as patient care and medical waste management. In the wider commercial service robotics market, there is a trend towards customization and integration of artificial intelligence, allowing for more advanced and efficient services. This trend is significant for industry stakeholders as it opens up new opportunities for innovation and cost savings, while also addressing labor shortages and increasing demand for high-quality services. However, it also raises concerns about job displacement and the need for proper regulation and training to ensure safe and ethical use of these technologies.

Local special circumstances:
In MENA, the Commercial service robotics market is driven by the increasing demand for automation and efficiency in industries such as oil and gas, construction, and logistics. The region's strong focus on innovation and technological advancement has created a favorable environment for service robotics adoption. Additionally, the cultural emphasis on hospitality and customer service has led to the development of service robots for the hospitality and retail sectors. However, strict regulations and cultural barriers in some countries may hinder the widespread adoption of service robotics in the region.

Underlying macroeconomic factors:
The growth of the Commercial service robotics market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in infrastructure. Countries with favorable business environments and strong investment in service robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in various industries, coupled with the rising labor costs, is driving the adoption of service robotics solutions.

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
  • Volume
  • Price
  • Analyst Opinion
  • Global Comparison
  • Methodology
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