The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The retail robotics market has experienced exponential growth, with its size increasing from $18.23 billion in 2023 to $24.93 billion in 2024, at a compound annual growth rate (CAGR) of 36.7%. This growth is driven by increased adoption of automation, more retail stores, rising use of robotics, and more robot implementations. The market is expected to continue its exponential growth, reaching $88.27 billion by 2028 at a CAGR of 37.2%. This growth is supported by increasing e-commerce, higher demand for mobile robotics, a rise in digital payments, a growing preference for online shopping, and greater adoption of robots. Major trends in the forecast period include advancements in inventory monitoring, integration with IoT-enabled robots, development of automated robotic solutions, data analytics and AI integration, and advanced facial recognition systems.

The rising demand for automation is expected to propel the growth of the retail robotics market. Automation, involving technology and machinery to perform tasks with minimal human intervention, is in demand due to the need for efficiency and productivity. Retail robotics automates various processes in retail environments, such as inventory management and customer assistance. For instance, the International Federation of Robotics reported in September 2023 that 553,052 industrial robots were installed globally in 2022, a 5% increase from the previous year. Therefore, the rising demand for automation is driving the retail robotics market.

Get A Free Sample On The Retail Robotics Market Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=18452&type=smp

What Are The Key Trends That Influence Retail Robotics Market Share Analysis?

Major corporations operating in the retail robotics market are focusing on developing technologically advanced solutions, such as retail intelligent robots, to revolutionize retail by offering real-time data analytics, personalized customer interactions, and efficient supply chain management. The retail intelligent robot is an advanced AI-driven robotic system tailored for retail settings, optimizing inventory management, customer service, and data analytics tasks. For instance, in December 2022, Adapta Robotics, a Romania-based manufacturer of adaptable robotics, launched ERIS, the first retail robot. It is an intelligent retail robot designed to assist customers in retail stores by providing information, guiding them to products, and answering questions. The ERIS robot enhances the customer experience and streamlines store operations by automating out-of-stock identification, providing product information, directing customers to items, and answering questions using advanced sensors and cameras. It can provide information about product availability, pricing, and location and offer personalized recommendations based on customer preferences.

Which Market Players Are Driving Growth In The Retail Robotics Market?

Major companies operating in the retail robotics market are Honda Motor Co. Ltd., Siemens AG, Honeywell International Inc., ABB Ltd, FANUC Corporation, Zebra Technologies Corporation, Daifuku Co. Ltd., KUKA Aktiengesellschaft, Teradyne Inc., Dematic Corp., KNAPP AG, GreyOrange Pte. Ltd., Bastian Solutions LLC, Locus Robotics Corp., Bossa Nova Robotics Inc., Rapyuta Robotics Co. Ltd., Aethon Inc., Boston Dynamics Inc., Vecna Robotics Inc., RightHand Robotics Inc., InVia Robotics Inc., Simbe Robotics Inc., Knightscope Inc., Magazino GmbH

How Is The Global Retail Robotics Market Segmented?

1) By Type: Mobile Robotics; Stationary Robotics; Semi-Autonomous
2) By Deployment: Cloud Or Web Based; On-Premises; Third-Party Deployment Server; Other Deployments
3) By Application: Inventory Management; Delivery Management; In-Store Service; Other Applications
4) By End-User: Hypermarkets And Supermarkets; Specialty Stores; E-Commerce Retailers; Department Stores; Other End-Users

Read The Full Retail Robotics Market Report Here

https://www.thebusinessresearchcompany.com/report/retail-robotics-global-market-report

The Retail Robotics Global Market Report 2024 provides an overview of the retail roboticsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The retail robotics market forecast analyzes retail robotics market size, retail robotics market share, leading competitor and their market positions.

The Table Of Content For The Retail Robotics Market Include

1. Retail Robotics Market Executive Summary
2. Retail Robotics Market Segments
3. Retail Robotics Market Size And Template Market Growth Rate
4.  Key Retail Robotics Market Trends
5. Major Retail Robotics Market Drivers
……
25. Key Mergers And Acquisitions In The Retail Robotics Market
26. Top Retail Robotics Companies
27. Retail Robotics Market Opportunities And Strategies
28. Retail Robotics Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:

Online Travel Booking Platform Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/online-travel-booking-platform-global-market-report

Online Bookkeeping And Accounting Software Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/online-bookkeeping-and-accounting-software-global-market-report

K-12 Textbook Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/k-12-textbook-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: