Robotics - Turkey

Turkey

Revenue in the Robotics market is projected to reach US$432.50m in 2024.
Service robotics dominates the market with a projected market volume of US$289.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.63%, resulting in a market volume of US$684.90m 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.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Robotics Market in Turkey has been experiencing subdued decline, affected by factors such as economic challenges, limited adoption of advanced technologies, and the dominance of traditional manufacturing methods. However, the increasing demand for automation and the growth potential of service robotics offer opportunities for growth in the future.

Customer preferences: As the use of automation and robotics continues to grow in Turkey, consumers are increasingly looking for more advanced and intelligent solutions in the market. This trend is driven by the need for increased efficiency, cost-effectiveness, and improved quality in production processes. Additionally, there is a growing demand for smart and connected devices that can be remotely controlled and monitored, allowing for greater flexibility and convenience in operations. This shift towards advanced technology is also influenced by the evolving lifestyle factors and the desire for convenience and ease in daily life.

Trends in the market: In Turkey, the Robotics Market is experiencing a surge in adoption of collaborative robots, also known as cobots, in manufacturing industries. These robots are designed to work alongside human workers, enhancing efficiency and safety in the workplace. This trend is expected to continue, with the Turkish government investing in research and development of advanced robotics technology. This is significant for industry stakeholders as it presents opportunities for increased productivity and cost savings. However, there are potential implications for employment as more tasks become automated, leading to a need for upskilling and retraining of workers.

Local special circumstances: In Turkey, the Robotics Market has been steadily growing due to the government's focus on promoting technological advancements and increasing investments in R&D. The country's strategic location between Europe and Asia also makes it a hub for international companies looking to expand into both markets. Additionally, Turkey's strong manufacturing sector and skilled labor force have led to the emergence of several local robotics players, catering to the country's unique needs and regulations.

Underlying macroeconomic factors: The growth of the Robotics Market in Turkey is also influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with a strong focus on innovation and investment in robotics technology are experiencing faster market growth compared to regions with limited technological advancements and government support. Additionally, the increasing demand for automation and efficiency in industries such as manufacturing and healthcare is driving the demand for robotics solutions, particularly in emerging economies like Turkey.

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.