Market Size of Middle East and Africa Warehouse Robotics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 10.46 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Warehouse Robotics Market Analysis
The Middle East and Africa warehouse robotics market is expected to register a CAGR of 10.46% during the forecast period 2020 - 2025. The Middle Eastern region is highly dependent on food and beverage imports each year, due to low agricultural capacity. In July 2019, the Saudi Arabian government announced its third tender for 2019, to import 715,000 metric ton of wheat for supply during the period September-November 2019, distributed over 12 vessels. Thus, there is a rise in the demand for storage areas, which can be fulfilled by various warehouses which are using robotic systems.
- South Africa is one of the largest economies in the African continent. Intra-Africa trade is on the rise. African countries signed a trade agreement in March 2018 called the African Continental Free Trade Area Agreement (AfCFTA), which permitted countries to remove tariffs on 90% of goods, progressively liberalize trade in services, and address a host of other non-tariff barriers. These kind of agreements are expected to increase the need for robotics to ease the management of goods.
- South Africa, being a major tourist attraction in Africa, is investing heavily in airports, and is the single largest and fastest growing segment in the MEA. Three South African Airports, Cape Town, Durban, and Johannesburg's international airports, were considered to be the best in the world, as well as were awarded the 2019 Skytrax World Airport Awards.
- In 2019, Quicktron announced the launch of the first intelligent robot logistics center in the Middle East in Dubai, marking the success of Quicktron's global intelligent robot solutions across the Middle East and North Africa.
- The IQ Fullfilment project with Quicktron is located in Dubai investment park, and its business is through the use of advanced intelligent robot and advanced software platform for enterprise users with efficient and revolutionary innovation of supply chain logistics solutions, which help enterprises seamlessly integrate into the operation, reduce the financial burden on business performance, and to provide products and services of supply chain based on intelligent robot, including intelligent storage, intelligent sorting and selection, product quality inspection and measurement, brand service, etc.
- Moreover, with the spread of the Covid-19 pandemic, robots and automation are already playing a critical role in managing the situation. Further, the situation is likely to bring new opportunities to the market.
