Press release
Primary Catalyst Driving Retail Robotics Market Evolution in 2025: Automation Fueling Growth Of Retail Robotics Driver
Retail Coolers
The increasing demand for automation is expected to contribute to the growth of the retail robotics market. Automation, driven by advancements in robotics and artificial intelligence, is helping businesses improve efficiency and productivity. Retail robotics plays a key role in automating various retail processes, such as inventory management and customer assistance. According to the International Federation of Robotics in September 2023, the number of industrial robots installed worldwide increased by 5% in 2022. This growing demand for automation is supporting the retail robotics market.
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What is the projected compound annual growth rate (CAGR) of the retail robotics market from 2025 to 2034, and what factors influence it?
The retail robotics market has experienced exponential growth in recent years. It will grow from $24.93 billion in 2024 to $34.27 billion in 2025 at a CAGR of 37.4%. This expansion is due to increasing automation, the rise of retail stores, growing use of robotics, and a rise in robot implementations.
The retail robotics market is expected to see rapid growth, reaching $120.99 billion by 2029 at a CAGR of 37.1%. This expansion is driven by the rise in e-commerce, demand for mobile robotics, digital payments, online shopping preferences, and robot adoption. Trends include inventory monitoring development, IoT-enabled robots, automated solutions, AI integration, and facial recognition systems.
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How are the latest trends influencing the growth of the retail robotics market?
Companies in the retail robotics market are developing intelligent robots to revolutionize retail operations by offering real-time data analytics, personalized customer interactions, and efficient supply chain management. These AI-driven robots are designed to optimize inventory management, customer service, and data analytics. For instance, in December 2022, Adapta Robotics, a Romania-based robotics manufacturer, launched ERIS, an intelligent retail robot designed to assist customers by providing information, guiding them to products, and answering questions. ERIS also automates out-of-stock identification and product location, enhancing customer experience and store operations.
What are the major segments of the retail robotics market and their role in driving growth?
The retail robotics market covered in this report is 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
Subsegments:
1) By Mobile Robotics: Autonomous Guided Vehicles (AGVs), Delivery Robots, Service Robots
2) By Stationary Robotics: Shelf Scanning Robots, Inventory Management Robots, Price Labeling Robots
3) By Semi-Autonomous Robotics: Collaborative Robots (Cobots), Human-Assisted Robots, Pick-And-Place Robots
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Which regions are key players in the growth of the retail robotics market?
North America was the largest region in the retail robotics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for 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 AG, 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
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What Is Covered In The Retail Robotics Global Market Report?
•Market Size Forecast: Examine the retail robotics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the retail robotics market for a structured understanding.
•Key Players Overview: Analyze major players in the retail robotics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the retail robotics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the retail robotics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the retail robotics market.
•Industry Challenges: Identify potential risks and obstacles affecting the retail robotics market.
•Competitive Landscape: Review strategic developments in the retail robotics market, including expansions, agreements, and new product launches.
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