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The robotics market share in Middle East is expected to increase by USD 385.74 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.75%.
This robotics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers robotics market segmentation in Middle East by application (services and industrial) and geography (Saudi Arabia, UAE, Egypt (Arab Republic of Egypt), Qatar, and Rest of Middle East). The robotics market report also offers information on several market vendors, including ABB Ltd., DENSO Corp., KUKA AG, LG Electronics Inc., Mitsubishi Electric Corp., NACHI-FUJIKOSHI Corp., OMRON Corp., Seiko Epson Corp., SoftBank Robotics Group Corp., and Yaskawa Electric Corp. among others.
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The growing demand for robotic automation processes is notably driving the robotics market growth in Middle East, although factors such as high cost associated with robotic systems may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the robotics industry in Middle East. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Robotics Market Driver in Middle East
The growing demand for robotic automation processes is a major factor driving the robotics market share growth in Middle East. Robotic industrial automation is changing the process of manufacturing and production in the industrial sector. Moreover, robotic process automation has created significant traction in the GCC. The economy in the Middle East is dependent on oil and is facing challenges due to fluctuating oil prices. This has increased the focus on cost rationalization and operational efficiency in the public and private sectors. Thus, robotic process automation is gaining traction in the region as it is efficient and safer. Additionally, the demand for automation processes through robots has increased in the healthcare and hospitality sector due to the outbreak of COVID-19. Governments in the region are integrating advanced technologies in their services to combat the spread of COVID-19. Thus, the increase in demand for automation of processes in the industrial, banking, hospitality, and healthcare sectors will drive the demand for robotics in the Middle East.
Key Robotics Market Trend in Middle East
The technological advances is another factor supporting the robotics market share growth in the Middle East. The increasing adoption of robotics in diverse fields of application will influence market growth in the Middle East. Robotics is used in different industries, including healthcare, hospitality, logistics, automotive, defense, and oil and gas. The use of robots makes processes faster and more efficient. Thus, the adoption of robotics is increasing in different application areas in the Middle East. For instance, in March 2020, Emirates Global Aluminium (EGA) announced that it would use a semi-autonomous robot concept designed and built by Abu Dhabi University's students at its smelters. The semi-autonomous robot concept will be used to capture thermal images of pot shells at EGA's reduction area, reducing EGA technicians' exposure to heat. Moreover, the growing emphasis on social distancing will be one of the major factors boosting the demand for mobile robots in the healthcare and hospitality sectors.
Key Robotics Market Challenge in Middle East
The high cost associated with robotic systems will be a major challenge for the robotics market share growth in the Middle East during the forecast period. As robots involve the use of sensors, software, and advanced technologies, their prices are considerably high and require a large initial one-time payment. This will be a major impediment for potential end-users. Investments required in the modification of infrastructure and facilities for the adoption of specific robots add to the costs. The costs also appreciate depending on the customization and other operational requirements based on the intended use of the robot. For instance, in the case of a telepresence robot, significant costs are involved in functions such as call monitoring, call scheduling, and maintenance of dashboards. Apart from equipment costs, there are certain accessories and add-ons along with maintenance costs in terms of servicing, electricity, and upgrades, which add significantly to the overall expenditure. The cost of a software robot ranges between $15,000 and $30,000. The high costs associated with the training of specialists and operators for the deployment of robots pose a major challenge for the growth of the robotics market in the Middle East.
This robotics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the robotics market in Middle East as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the robotics market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the robotics market encompasses successful business strategies deployed by the key vendors. The robotics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The robotics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the robotics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of global industrial machinery includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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The robotics market share growth in Middle East by the services segment will be significant during the forecast period. This can be attributed to factors such as increasing demand for robotic surgeries, government support for integration of robotics in hospitals and healthcare facilities, growing digitization, development and adoption of logistic robots in supply chain and logistics services, and rising demand for smart robots in retail and hospitality sectors.
This report provides an accurate prediction of the contribution of all the segments to the growth of the robotics market size in Middle East and actionable market insights on post COVID-19 impact on each segment.
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Robotics Market Scope in Middle East |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.75% |
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Market growth 2021-2025 |
$ 385.74 million |
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Market structure |
Fragmented |
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YoY growth (%) |
1.21 |
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Regional analysis |
Middle East |
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Performing market contribution |
Saudi Arabia at 29% |
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Key consumer countries |
Saudi Arabia, UAE, Egypt (Arab Republic of Egypt), Qatar, and Rest of Middle East |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., DENSO Corp., KUKA AG, LG Electronics Inc., Mitsubishi Electric Corp., NACHI-FUJIKOSHI Corp., OMRON Corp., Seiko Epson Corp., SoftBank Robotics Group Corp., and Yaskawa Electric Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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