The 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.
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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.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and 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
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 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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