Retail robotics is the intersection of technology, engineering, and science for producing robotic machines, which are used to replicate human actions. The key objective of the retail robotics technology is to enhance the performance of an organization and to produce better outcome. Retail robots offer wide range of applications such as inventory management, delivery management, in-store services, and others.
Rise in need for automation and safety in organizations and availability of affordable, energy-efficient robots drive the growth of the global retail robots market. In addition, increase in labor & energy costs and upsurge in usage of robotics technology in different industry verticals fuel the growth of the market. However, high initial cost of robots and lack of awareness among SMEs (Small and Medium Enterprises) is expected to hamper the growth of the market. On the contrary, surge in adoption of robotics technology in emerging economies and increase in use in diverse applications are the factors expected to provide lucrative opportunities for the growth of the market.
Market Dynamics
The retail robots market is expected to grow rapidly over the forecast period, driven by advantages such as cost reduction, improved efficiency, increased production, and improved health, and safety at work. The retail robots are used for a wide range of applications including back-office operations, store operations, merchandizing, sales and marketing, customer-facing experiences, etc. Robots provide higher quality products and services more effectively, with less wastage of resources and without causing physical harm to humans due to their autonomous nature. The growing use of retail robots in supermarkets and chain stores will augment the growth of the market in the future.
On the basis of application, the inventory management segment is expected to hold the largest market in the global retail robots market. Investing in warehouse robotics results in increased productivity and accuracy in inventory management. Human errors can be quite costly for businesses and can lead to lower customer satisfaction. The growth of inventory management automates the handling, picking, sorting, and replenishment of products with precision, thus guaranteeing high levels of accuracy in order fulfillment and warehousing operations.
Key features of the study:
- This report provides in-depth analysis of global retail robots market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021– 2028), considering 2020 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global retail robots market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include Amazon Robotics, Bossa Nova, Simbe Robotics, ABB Robotics, Greyorange, Softbank Robotics, and Honda Motor Co. Limited.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global retail robots market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global retail robots market
Detailed Segmentation
- Global Retail Robots Market, By Type:
- Mobile Robotics
- Stationary Robotics
- Semi-Autonomous
- Global Retail Robots Market, By Application:
- Inventory Management
- Delivery Management
- In-Store Services
- Others
- Global Retail Robots Market, By Region:
- North America
- By Type
- Mobile Robotics
- Stationary Robotics
- Semi-Autonomous
- By Application
- Inventory Management
- Delivery Management
- In-Store Services
- Others
- By Country
- Latin America
- By Type
- Mobile Robotics
- Stationary Robotics
- Semi-Autonomous
- By Application
- Inventory Management
- Delivery Management
- In-Store Services
- Others
- By Country
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- By Type
- Mobile Robotics
- Stationary Robotics
- Semi-Autonomous
- By Application
- Inventory Management
- Delivery Management
- In-Store Services
- Others
- By Country
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Type
- Mobile Robotics
- Stationary Robotics
- Semi-Autonomous
- By Application
- Inventory Management
- Delivery Management
- In-Store Services
- Others
- By Country
- India
- China
- Japan
- South Korea
- Australia
- New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- By Type
- Mobile Robotics
- Stationary Robotics
- Semi-Autonomous
- By Application
- Inventory Management
- Delivery Management
- In-Store Services
- Others
- By Country
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Company Profiles
-
- Amazon Robotics*
- Company Overview
- Product Portfolio and Specifications
- Financial Performance
- Strategic Overview
- Recent Developments/Updates
- Bossa Nova
- Simbe Robotics
- ABB Robotics
- Greyorange
- Softbank Robotics
- Honda Motor Co. Limited.
“*” marked represents Key Pointers are applicable to other companies as well