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.
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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.
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
- Segment Covered-
o By Type
o By Deployment
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o 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.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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
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