Press release
Automation Fueling Growth Of Retail Robotics: The Driving Engine Behind Retail Robotics Market Evolution in 2025
Retail Robotics
Retail Robotics Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been a significant expansion in the retail robotics market's size. It is projected to elevate from $24.93 billion in 2024 to an impressive $34.04 billion in 2025, with an annual compound growth rate (CAGR) of 36.5%. The acceleration during the historic phase can be linked to the growing acceptance of automation, the surge in the number of retail stores, an increased dependency on robotics, and the rise in robot incorporations.
How Will the Retail Robotics Market Size Evolve and Grow by 2029?
Anticipated to experience rapid expansion in the upcoming years, the retail robotics market is projected to reach $119.68 billion by 2029, growing at a compound annual growth rate (CAGR) of 36.9%. Several factors contributing to this projected growth during the forecast period include a rise in e-commerce, expanding demand for mobile robotics, a surge in digital payments, increased inclination towards online shopping and more widespread use of robots. The main trends to watch during this period embrace the development of inventory monitoring technology, integration with IoT-enabled robots, the creation of automated robotic solutions, integration of data analytics and AI, and advancements in facial recognition systems.
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What Drivers Are Propelling the Growth of Retail Robotics Market Forward?
The escalating need for automation is anticipated to drive the expansion of the retail robotics market in the future. Automation involves leveraging technology and machines to carry out tasks with limited human interference, thereby enhancing efficiency, productivity, and accuracy across diverse industries and applications. This surge in demand is attributed to the quest for enhanced efficiency and productivity in various sectors, a feat made possible by developments in robotics and artificial intelligence. Retail robotics significantly contributes to the automation of numerous processes within retail settings. These processes range from controlling inventory and helping customers, to fulfilling orders and cleaning duties. As an example, data from the International Federation of Robotics, a non-profit entity located in Germany, revealed that global factories installed 553,052 industrial robots in 2022, a 5% increase from the previous year. Consequently, this escalating need for automation serves as a propellant for the retail robotics market.
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Which Fast-Growing Trends Are Poised to Disrupt the Retail Robotics Market?
Leading businesses in the retail robotics market are concentrating on innovating tech-savvy solutions like retail intelligent robots. Retail Intelligent Robots are essentially high-tech artificial intelligence-based systems designed specifically for retail applications. These robots contribute to revolutionizing the retail sector by providing instant data analytics, personalizing customer engagement, and streamlining supply chain management. For example, Adapta Robotics, a Romania-based adaptable robotics company, in December 2022, introduced ERIS, its inaugural retail robot. This sophisticated retail robot can guide customers around the store, answer their queries, and provide them with relevant information. Further enhancing the customer's shopping experience, ERIS, equipped with advanced sensors and cameras, can automate the process of identifying out-of-stock items, provide details about products, direct customers to products, and answer customer's queries. It can also furnish crucial data about product's availability, pricing, and location and make personalized suggestions based on the customer's inclinations.
What Are the Key Segments in the Retail Robotics Market?
The retail roboticsmarket 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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Who Are the Key Players Shaping the Retail Robotics Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Retail Robotics Market?
North America was the largest region in the retail robotics market in 2024. 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.
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