Robotics - Tunisia

Tunisia

Revenue in the Robotics market is projected to reach US$12.59m in 2024.
Service robotics dominates the market with a projected market volume of US$7.32m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.19%, resulting in a market volume of US$19.54m 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.

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Analyst Opinion

The Robotics Market in Tunisia is experiencing subdued growth, influenced by factors such as slow adoption of digital technologies, limited health awareness among consumers, and lack of convenience in online services. This is seen across both the Industrial and Service sub-markets.

Customer preferences: The rising demand for automation and advanced technology has led to a growing interest in robotics in Tunisia. Consumers are increasingly seeking efficient and cost-effective solutions for tasks such as manufacturing, warehousing, and logistics. This trend is driven by the country's aging population and the need for increased productivity in various industries. Additionally, the shift towards automation is also influenced by cultural values that prioritize efficiency and precision in work processes.

Trends in the market: In Tunisia, the Robotics Market is experiencing a significant increase in demand for robots in the manufacturing sector. This trend is driven by the country's efforts to modernize its industries and increase productivity. Additionally, there is a growing trend towards the use of collaborative robots, which can work alongside human workers and improve efficiency. These trends have significant implications for industry stakeholders, as they can help decrease labor costs and improve overall production capabilities. However, there are also concerns about potential job displacement and the need for upskilling workers to operate and maintain these advanced robots.

Local special circumstances: In Tunisia, the Robotics Market is gaining traction due to the country's strategic location as a gateway to Africa and Europe, making it a prime location for international companies to establish a presence. The government has also been actively promoting the adoption of automation and robotics in various industries, such as manufacturing and healthcare, to boost productivity and reduce labor costs. Additionally, the country's growing technology sector and its young, highly educated workforce are contributing to the growth of the Robotics Market in Tunisia.

Underlying macroeconomic factors: The Robotics Market in Tunisia is greatly affected by macroeconomic factors such as technological advancements, government support, and investment in industrial infrastructure. Countries with favorable economic policies and advanced technological capabilities are experiencing faster market growth compared to regions with economic challenges and limited investment in robotics. Additionally, the increasing demand for automation and the need for efficient and cost-effective production processes are driving the growth of the Robotics Market in Tunisia.

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.