Latest added Retail Robotics Market research study by MarketDigits offers detailed product outlook and elaborates market review till 2027. The market Study is segmented by key regions that is accelerating the marketization. At present, the market is sharping its presence and some of the key players in the study are ABB Robotics, Honda Robotics, Locus Robotics, Soft Robotics, and Universal Robots A/S, Aethon, Alphabet Inc., Grey Orange, Softbank Group Corp. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
This report studies the Retail Robotics Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Retail Robotics Market by companies, region, type and end-use industry.
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Scroll down 100s of data Tables, charts and graphs spread through Pages and in-depth Table of Content on “Retail Robotics Market, By Type (Autonomous, Semi-Autonomous), Application (Delivery Robots, Inventory Robots, and In-Store Service Robots), Deployment (Cloud/Web-Based, In-Premise, Third Party Deployment Server): Global Forecast 2027”. Early buyers will get 10% customization on study.
To Avail deep insights of Retail Robotics Market Size, competition landscape is provided i.e. Revenue Analysis (M $US) by Company (2018-2020), Segment Revenue Market Share (%) by Players (2018-2020) and further a qualitative analysis is made towards market concentration rate, product/service differences, new entrants and the technological trends in future.
Unlock new opportunities in Retail Robotics Market; the latest release from MarketDigits highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider to gain better insights.
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Retail Robotics Market Size And Forecast
The Retail Robotics market size is estimated to grow from USD 6.30 Billion in 2019 to USD 42.62 Billion by 2027, growing at a CAGR of 32% during the forecast year from 2021 to 2027
Retail robots, which are artificial intelligence equipped systems are able to collect exponentially accurate data regarding buyers’ habits and preferences. This information allows retailers to grow their sales by recommended similar or suitable items to customers. These factors driving the growth of the market. The Global Retail Robotics Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Retail Robotics?
Retail robotics is no longer a concept of the past, the penetration of automation is increasing in several industries, of which its infiltration in retail can be seen to be increasing through retail robotics. The retail sector is one of the principal industries that has benefited from AI and robotics implementation. Through the implementation of automation and intelligence i.e. retail robotics, retailers are able to revise their strategies and become more customer-centric. These robots are also able to handle responsibilities such as inventory monitoring and fulfillment needs of today’s omnichannel orders. While concerns have arisen regarding automation leading to job losses, the increasing use of retail robotics, especially in high profile retailers are inevitable.
Currently, major robot tests are underway in retail stores, they have been witnessed to have transformed the supply chain operations in many retail warehouses and distribution centers. In addition, innovations in computer vision, AI, deep learning, and robotic mechanics are facilitating robots is becoming increasingly adept at performing traditionally harder-to-automate tasks.
Global Retail Robotics Market Overview
The transformation of the retail businesses through robotics can be attributed by a large part to robotics allowing brick and mortar stores to become more customer-oriented. Retail robots, which are artificial intelligence equipped systems are able to collect exponentially accurate data regarding buyers’ habits and preferences. This information allows retailers to grow their sales by recommended similar or suitable items to customers. Retail robots prove to be beneficial for in-store services as well as they can provide retailers with information for on the shelf inventory, price tags changes as well as changing customer preferences. Retail robotics gives rise to the scope for personalizing the products that are in stock as well, enabling restocking decisions to be better informed. Customers are able to directly benefit from machine learning systems by being able to use automated checkouts, helping buyers to avoid queues or getting quick support through digital kiosks.
However, for retail businesses that are just starting to introduce technologies into their business, the initial cost of retail robots can be high and therefore seem off-putting. The initial costs usually encompass customized software in order to eventually improve the business. Other costs that are connected to adopting robots include having to consider hiring specialists to maintain and service the systems. While initial rollouts of such developments come at a price, companies are looking at the long-term benefits and the overall effect on the business, aiding in overcoming this restraint.
Retail Robotics Market, By Type
- Mobile Robotics
- Stationary Robotics
Retail Robotics Market, By Application
- Inventory Management
- Delivery Management
- In-Store Services
Global Retail Robotics Market, By type, 2021 – 2027 (USD MILLION)
On the basis of Type, The Retail Robotics Market is segmented into Inventory management, Delivery management, In-Store services, and Others. The inventory management sub-segment is expected to hold the largest market in the global market.
Retail Robotics Market, By Geography
• North America
• Asia Pacific
• Rest of the world
Key Players in Retail Robotics Market
The “Global Retail Robotics Market” study report offers a valuable insight with an emphasis on the global market including some of the major players such Amazon Robotics, Bossa Nova, Simbe Robotics, ABB Robotics, Greyorange, Softbank Robotics, Honda Motor Co. Limited.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Development in Retail Robotics Market
ABB ROBOTICS: •ABB announced that it would invest US$150 million investment in Shanghai, China to build the world’s most advanced, automated and flexible robotics factory – a cutting-edge center where robots will make robots.
SIMBE ROBOTICS, INC.: SoftBank Robotics America (SBRA) and Simbe entered into a partnership to tackle the challenges retailers face in handling inventory dynamics in their stores
BOSSA NOVA: Bossa Nova also announced a new partnership with the CyLab Biometrics Center at Carnegie Mellon University. The lab will help the company by advance research in AI, analytics, and robot perception in retail and autonomous navigation
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
Retail Robotics Market research report genuinely attempts to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. Besides, the Retail Robotics Market report gives insights into revenue growth and sustainability initiative. With the global market data provided in this report, it has become easy to gain global perspective for the international business. The market report also performs study on production capacity, consumption, import and export for all major regions across the globe. An international Retail Robotics Marketing report aids to establish correlative relationship between the product brand and consumers’ needs and preferences.
Retail Robotics Market : Product Synopsis :-
Chapter 1 – Executive Summary
Chapter 2 – Market Overview
Chapter 3 – Market Analysis & Opportunity Assessment , By Product Type
Chapter 4 – Market Analysis & Opportunity Assessment , By Matrix Type
Chapter 5 – Global Retail Robotics Market Analysis & Opportunity Assessment , By Application
Chapter 6 – Market Analysis & Opportunity Assessment , By End User
Chapter 7 – Market Analysis & Opportunity Assessment , By Region
Chapter 8 – North America Market Analysis & Opportunity Assessment
Chapter 9 – Latin America Market Analysis & Opportunity Assessment
Chapter 10 – Western Europe Market Analysis & Opportunity Assessment
Chapter 11 – Eastern Europe Market Analysis & Opportunity Assessment
Chapter 12 – Asia Pacific Excluding Japan, China & South Korea Market Analysis & Opportunity Assessment
Chapter 13 – Japan Market Analysis & Opportunity Assessment
Chapter 14 – China Market Analysis & Opportunity Assessment
Chapter 15 – South Korea Market Analysis & Opportunity Assessment
Chapter 16 – MEA Market Analysis & Opportunity Assessment
Chapter 17 – Competition Landscape, Company Share and Company Profiles
Chapter 18 – Assumptions and Acronyms
Chapter 19 – Research Methodology
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