Saudi Arabia Industrial Robotics Market Size & Outlook
Saudi Arabia industrial robotics market, 2018-2030 (US$M)
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Saudi Arabia industrial robotics market highlights
- The Saudi Arabia industrial robotics market generated a revenue of USD 166.0 million in 2023 and is expected to reach USD 572.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 19.4% from 2024 to 2030.
- In terms of segment, electrical/electronics was the largest revenue generating end use in 2023.
- Chemical, Rubber, & Plastics is the most lucrative end use segment registering the fastest growth during the forecast period.
Industrial robotics market data book summary
| Market revenue in 2023 | USD 166.0 million |
| Market revenue in 2030 | USD 572.8 million |
| Growth rate | 19.4% (CAGR from 2023 to 2030) |
| Largest segment | Electrical/electronics |
| Fastest growing segment | Chemical, Rubber, & Plastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food |
| Key market players worldwide | ABB Ltd, YASKAWA Electric Corp, Mitsubishi Electric Corp, KUKA Robotics, Fanuc Corp, Denso Corp, Kawasaki Heavy Industries Ltd, OMRON Corp, Nachi Fujikoshi, Stellantis NV |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.5% of the global industrial robotics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa industrial robotics market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,002.2 million by 2030.
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Industrial Robotics Market Scope
Industrial Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia industrial robotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial robotics market will help companies and investors design strategic landscapes.
Electrical/electronics was the largest segment with a revenue share of 25.3% in 2023. Horizon Databook has segmented the Saudi Arabia industrial robotics market based on automotive, electrical/electronics, metal/heavy machinery, chemical, rubber, & plastics, food covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia recorded a significant market share of 14.5% in 2023. The region is expected to attract foreign investment in terms of technology and resources for the industrial sector that include automation and robotics to increase the production level in the country.
Furthermore, companies are collaborating to accelerate the use of robotics in the region. For instance, in September 2022, CNTXT and Boston Dynamics signed a memorandum of understanding to increase the adoption of industrial robotics, specifically its Spot robot, in Saudi Arabia.
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Our clientele includes a mix of industrial robotics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia industrial robotics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia industrial robotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia industrial robotics market size, by end use, 2018-2030 (US$M)
Saudi Arabia Industrial Robotics Market Outlook Share, 2023 & 2030 (US$M)
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