The global retail robotics market is anticipated to grow at a considerable CAGR of 29.9% during the forecast period. Startups and other key players are focusing on launching new products for specific applications among the market is fueling the growth. Such product launches majorly focuses on offering improved capabilities to improve productivity efficiently positively supporting market growth over the forecast. For instance, in September 2021, Wings, a robotics and AI startup developing autonomous businesses, released Nectar, a new category of autonomous sustainable retail powered by the company’s HiveRobotics, a collective of decentralized, self-organized robotic systems. Moreover, Nectar will offer personalized service for drinks, food, and merchandise without human intervention. The built-in inventory, production, recycling, packaging, and delivery features will make it one of the first locally-driven micro-factories for one-on-one service.
In addition, in December 2021, ANSCER Robotics, a Bengaluru-based startup that aims to democratize robotics technology for all, unveiled its range of autonomous mobile robots for the very first time in India warehousing. The company also displayed its mobile robot ‘brain’, the ANSCER Engine (AE), i.e. a combination of robust software and hardware that serve as a platform for the development of a multitude of service robots that can be used across industries, regardless of payload or application.
For instance, in October 2018, ABB outlined a plan to build the world’s most advanced robotics factory in Shanghai. ABB make a US$150 million investment in Shanghai, China, for an advanced, automated, and flexible robotics factory. It describes it as a cutting-edge center where robots will make robots.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Type
- By Deployment
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including ABB Ltd., Amazon Robotics LLC., Alphabet Inc., Robotiq Inc., Soft Robotics Inc., and Universal Robots A/S, among others.
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
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Retail Robotics Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Bossa Nova Robotics
- Fetch Robotics Inc.
- Geryorange Pte. Ltd.
- Honda Motor Co., Ltd.
- Locus Robotics
- Rethink Rob GmbH
- Savioke Inc.
- Softbank Robotics Corp.
- ST Engineering Aethon, Inc.
- Sz Dji Technology Co., Ltd.
- Universal Robots A/S
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