Retail Robotics Market
Global Retail Robotics Market Size, Share & Trends Analysis Report by Type (Mobile Robotics, Autonomous Robotics and Semi-Autonomous), by Deployment (Cloud-Based, On-Premises, and Third-Party Deployment Services), and by Application (Inventory Management, Delivery Management, and In-Store Services) Forecast Period (2022-2028)
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.
Impact of COVID-19 Pandemic on Global Retail Robotics Market
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.
Segmental Outlook
The global retail robotics market is segmented based on the type, application, and deployment. Based on the type, the market is augmented into mobile robotics, autonomous robotics, and semi-autonomous robotics. Based on the deployment, the market is sub-segmented into the cloud-based, on-premises, and third-party deployment services. Based on the application, the market is further segmented into inventory management, delivery management, and in-store services. Amogn these, the mobile robotics is easy and quick to implement, thus considered to hold considerable market share. Autonomous mobile robots is integrated within the organization's operation for four to six weeks. However, the actual time varies based on the specifics of operation and software that robot will work with.
Global Retail Robotics Market Share by Type, 2021 (%)
The Autonomous Robotics Segment is Expected to Hold the Prominent Share in the Global Retail Robotics Market
Among the type segment, the autonomous robots segment is expected to hold a prominent share in the market over the forecast period. Autonomous robots is able to go into places and situations where humans cannot. Moreover, autonomous robots can improve the productivity of retailers’ workplaces in a variety of ways, but mainly to take the heavy lifting away from the human workforce.
Regional Outlooks
The global retail robotics market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The Asia-Pacific region is expected to grow at a substantial growth rate over the forecast period, as various innovation-based companies are increasingly using AI and connectivity to enhance ‘robot technology. Retailers are adopting robots and robotics in distribution, warehouses centers, and manufacturing units, to assemble, pack, and ship orders which helps to enhance productivity effectively and efficiently.
Global Retail Robotics Market Growth, by Region 2022-2028
The North America Region is Expected to Hold the Considerable Share in the Global Retail Robotics Market
Among these regions, the North America region is expected to hold a considerable share in the market over the forecast. The increasing adoption of automation technologies by key market players across the region is the key factor propelling the growth of the market over the forecast. For instance, in January 2021, Walmart started using robots to turn stores into automated fulfillment centers. Walmart stocks automated fulfillment centers with frequently purchased goods, including consumables (such as fresh and frozen items) and electronics. They’re meant to make order delivery and pick up a lot faster, and the Alphabet is a key element in making that possible.
Market Players Outlook
The major companies serving the global retail robotics market include ABB Ltd., Amazon Robotics LLC., Alphabet Inc., Robotiq Inc., Soft Robotics Inc., Locus Robotics., Rethink Rob Gmbh., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in December 2021, Robotics and automation firm Addverb Technologies launched multi-carton picking mobile robot 'Veloce' at the India Warehousing Show (IWS), which allows 100 % of higher utilization of space as compared to the conventional storage. The one-of-its-kind picking robot increases the storage density by higher utilization of the vertical space and increases the throughput multifold, thereby helping the customer save critical costs on the warehouse space and associated costly rentals. Moreover, its application is effective for retail, grocery, fashion & lifestyle, and e-commerce warehouses, and allows easy return handling.
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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Retail Robotics Market
• Recovery Scenario of Global Retail Robotics Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. ABB Ltd.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Amazon Robotics LLC
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Alphabet Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Robotiq Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Soft Robotics Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Retail Robotics Market by Type
4.1.1. Mobile Robotics
4.1.2. Autonomous Robotics
4.1.3. Semi-Autonomous
4.2. Global Retail Robotics Market by Deployment
4.2.1. Cloud-Based
4.2.2. On-Premises
4.2.3. Third-Party Deployment Services
4.3. Global Retail Robotics Market by Application
4.3.1. Inventory Management
4.3.2. Delivery Management
4.3.3. In-Store Services
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Bossa Nova Robotics
6.2. Fetch Robotics Inc.
6.3. Geryorange Pte. Ltd.
6.4. Honda Motor Co., Ltd.
6.5. Locus Robotics
6.6. Rethink Rob GmbH
6.7. Savioke Inc.
6.8. Softbank Robotics Corp.
6.9. ST Engineering Aethon, Inc.
6.10. Sz Dji Technology Co., Ltd.
6.11. Universal Robots A/S
1. GLOBAL RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL MOBILE RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL AUTONOMOUS RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL SEMI-AUTONOMOUS RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
6. GLOBAL CLOUD-BASED RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL ON-PREMISES RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL THIRD-PARTY DEPLOYMENT BASED RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
10. GLOBAL RETAIL ROBOTICS FOR INVENTORY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL RETAIL ROBOTICS FOR DELIVERY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL RETAIL ROBOTICS FOR IN-STORE SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
16. NORTH AMERICAN RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
17. NORTH AMERICAN RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. EUROPEAN RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
20. EUROPEAN RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
21. EUROPEAN RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. REST OF THE WORLD RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
28. REST OF THE WORLD RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT, 2021-2028 ($ MILLION)
29. REST OF THE WORLD RETAIL ROBOTICS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL RETAIL ROBOTICS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL RETAIL ROBOTICS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL RETAIL ROBOTICS MARKET, 2022-2028 (%)
4. GLOBAL RETAIL ROBOTICS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL MOBILE RETAIL ROBOTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL AUTONOMOUS RETAIL ROBOTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL SEMI-AUTONOMOUS RETAIL ROBOTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL RETAIL ROBOTICS MARKET SHARE BY DEPLOYMENT, 2021 VS 2028 (%)
9. GLOBAL CLOUD-BASED RETAIL ROBOTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL ON-PREMISES RETAIL ROBOTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL THIRD-PARTY DEPLOYMENT RETAIL ROBOTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL RETAIL ROBOTICS MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
13. GLOBAL RETAIL ROBOTICS FOR INVENTORY MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL RETAIL ROBOTICS FOR DELIVERY MANAGEMENT MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL IN-STORE SERVICE RETAIL ROBOTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL RETAIL ROBOTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. US RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
19. UK RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD RETAIL ROBOTICS MARKET SIZE, 2021-2028 ($ MILLION)
