Service Robotics - Kazakhstan

Kazakhstan

Revenue in the Service Robotics market is projected to reach US$29.30m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$15.19m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.89%, resulting in a market volume of US$53.71m by 2029.
In global comparison, most revenue will be generated in the United States (US$8,681.00m in 2024).

Key regions: France, United Kingdom, United States, Canada, South Korea

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Analyst Opinion

The Service Robotics Market in Kazakhstan is facing a negligible decline in growth rate due to factors such as slow adoption of digital technologies, low health awareness among consumers, and limited convenience offered by online services. This is seen in both the Commercial and Consumer sub-markets.

Customer preferences: With the growing aging population in Kazakhstan, there has been a rise in demand for service robots that can assist with daily tasks and provide companionship to the elderly. Additionally, the COVID-19 pandemic has accelerated the adoption of service robots in the country, as they can minimize human contact and reduce the risk of infection. This trend is expected to continue as consumers prioritize safety and convenience in their daily lives.

Trends in the market: In Kazakhstan, the Service robotics Market within the Robotics Market is experiencing a surge in demand for automation solutions in various industries, such as healthcare, manufacturing, and logistics. This trend is driven by the need for cost efficiency, improved productivity, and reduced human error. As a result, there is a growing adoption of collaborative robots and autonomous mobile robots in the country. These trends are significant as they enable businesses to streamline operations, improve safety, and enhance overall efficiency. This can have potential implications for industry stakeholders, including increased competition among robotics companies and a shift towards more advanced and intelligent robotics solutions.

Local special circumstances: In Kazakhstan, the Service robotics Market is experiencing steady growth due to the government's focus on modernizing industries such as manufacturing, healthcare, and agriculture. The country's favorable business environment and strategic location along the Belt and Road Initiative also make it an attractive market for service robotics. Additionally, Kazakhstan's large and diverse landscape, with regions ranging from urban centers to remote rural areas, presents unique challenges and opportunities for service robotics companies to cater to a variety of industries and sectors.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in Kazakhstan is strongly influenced by macroeconomic factors such as government initiatives, technological advancements, and investment in automation solutions. With the increasing focus on improving industrial productivity and efficiency, the demand for service robots is expected to grow in the country. Moreover, the rising labor costs and aging population are also driving the adoption of service robotics in various sectors, including manufacturing, healthcare, and logistics. Additionally, the government's support for the development of the robotics industry and its efforts to attract foreign investments are expected to further boost the growth of the service robotics market in Kazakhstan.

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.