The global retail robotics market is anticipated to grow at a significant CAGR of 29.9% during the forecast period. Retailing is rapidly changing, especially among the brick and mortar industry. Furthermore, owing to the rise in COVID?19 infections, mobility changes, and other convenient buying options are driving retailers to accelerate change and adopt robots to enhance productivity. Several retail companies requires to change customer’s in?store experience, including aesthetics, convenience, and safety and security. Through the combination of technologies such as AI, IoT, and other powerful on?premises computers and autonomous robotics is enabling retailers to quickly and accurately understand store layout, merchandising, transactions, cleanliness, and safety options affect store visit frequency and duration and customers’ buying behaviors while in the store, which is a key factor propelling the growth of the market.
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The COVID-19 pandemic has resulted in the manufacturing and service sectors being badly hit globally. With the changes in people’s buying behavior caused by the COVID-19 pandemic, robots have been utilized in record numbers to allow for the fulfillment of orders in the e-commerce space while allowing for correct social distancing practices. Post-pandemic, large companies started to invest in retail automation and robotics to help make stores and warehouses more efficient. Now, as consumer demands have shifted in drastic and unpredictable ways, demand for automation is sky-high.
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Retail Robotics Market Report Segment
By Type
- Mobile Robotics
- Autonomous Robotics
- Semi-Autonomous Robotics
By Deployment
- Cloud
- In-Premise
- Third-Party Deployment Services
By Application
- Inventory Management
- Delivery Management
- In-Store Services
Global Retail Robotics Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global retail robotics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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