Press release
Global In-Store Robotics Services Market is projected to reach the value of $39.87 Billion by 2030.
In 2024, the Global In-Store Robotics Services Market was valued at $5.83 Billion, and is projected to reach a market size of $ 39.87 Billion by 2030. Over the forecast period of 2025-2030, market is projected to grow at a CAGR of 31.61%.Request Sample @ https://virtuemarketresearch.com/report/In-store-robotics-services-market/request-sample
The Global In-Store Robotics Services Market has witnessed significant growth over the years, driven by various factors. One of the long-term market drivers for this industry is the increasing demand for automation in retail stores. Retailers are increasingly adopting robotics services to enhance operational efficiency, reduce costs, and improve customer experience. The COVID-19 pandemic has further accelerated this trend, as retailers look for ways to minimize human contact and ensure the safety of both customers and employees.
In the short term, the market is driven by the need for contactless solutions due to the ongoing pandemic. Retailers are deploying robots for tasks such as cleaning and disinfecting, inventory management, and even customer service to minimize human contact. This has led to a surge in demand for in-store robotics services.
One of the opportunities in the Global In-Store Robotics Services Market is the integration of artificial intelligence (AI) and machine learning (ML) technologies. These technologies can enable robots to perform more complex tasks, such as analyzing customer behavior, optimizing inventory levels, and providing personalized recommendations. Retailers that adopt AI-powered robotics services can gain a competitive edge by offering more efficient and personalized services to their customers.
A trend observed in the industry is the use of robots for omnichannel fulfillment. Retailers are increasingly using robots to fulfill online orders from their stores, enabling faster and more cost-effective order processing. This trend is expected to continue as retailers look for ways to streamline their operations and meet the growing demand for online shopping.
Overall, the Global In-Store Robotics Services Market is poised for continued growth, driven by the increasing adoption of automation in retail stores. Retailers that invest in robotics services can benefit from improved operational efficiency, reduced costs, and enhanced customer experience.
Segmentation Analysis:
The global In-Store Robotics Services Market segmentation includes:
By Type: Mobile Robotics, Stationary Robotics, Semi-Autonomous Robotics.
Mobile Robotics In 2022, the mobile robotics segment held the highest market share in the global in-store robotics services market. This segment's growth can be attributed to mobile robots' ability to perform various tasks in retail stores, including customer services, stock management, and sales assistance. Mobile robots are equipped with computer vision capabilities, allowing them to accurately observe their environment in real-time, which is particularly beneficial in constantly changing settings. Additionally, mobile robots use onboard intelligence systems and artificial intelligence (AI) to learn about their surrounding environment, making it easier for them to adapt to new environments quickly.
Mobile Robotics Due to the increasing demand for in-store robotics services that can easily and quickly adapt to their surroundings, the mobile robotics segment is expected to expand at the fastest rate over the outlook period. Mobile robots remove the potential for human error by performing easily repeatable tasks, enhancing the overall safety of the retail store.
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By Function: Customer Service, Cleaning and Maintenance, Stock Management, Others.
Stock Management In 2022, the stock management segment held the highest market share in the global in-store robotics services market. This growth can be attributed to in-store robots' ability to easily perform tasks related to stock management, such as shelf scanning, product tracking, 3D location of goods, and stock replenishment. Robots help eliminate human errors, speed up order fulfillment, lower overhead and running costs, and facilitate better stock management, thereby increasing operational efficiency, customer loyalty, and store sales.
Customer Service Due to the increasing demand for robots in enhancing customer experience by providing personalized recommendations, product information, and sales assistance, the customer service segment is anticipated to expand at the fastest rate over the outlook period.
By Application: Convenience Stores, Hypermarkets or Supermarkets, Specialty Stores, Others.
In 2022, the hypermarkets or supermarkets segment held the highest market share in the global in-store robotics services market. This growth can be attributed to the increasing demand for robotics services in large retail facilities, which require vast inventory management, stock replenishment, customer service, cleaning and maintenance, and security.
Specialty Stores Due to the increasing demand for robots providing customers with personalized experiences and customized promotions in retail stores that offer unique products, the specialty stores segment is anticipated to expand at the fastest rate over the forecast period.
Regional Analysis:
In 2022, North America held the largest share of the global In-Store Robotics Services market. This growth can be attributed to the presence of a well-established retail sector in countries such as the United States and Canada, the high-adoption rate of in-store robotics services due to the increasing demand for automation and personalization in large retail facilities, and the increasing need for enhancing customer experience and operational efficiency. Additionally, the region is home to several significant market players, including Bossa Nova Robotics, Simbe Robotics, Inc., GreyOrange Pte. Ltd., Locus Robotics, and Brain Corporation.
Due to the increasing demand for robotics services in the growing number of retail facilities in countries such as China, Japan, India, and South Korea, the Asia-Pacific region is anticipated to expand at the fastest rate over the outlook period.
Latest Industry Developments:
1. Collaborations with Technology Providers: Companies in the in-store robotics services market are increasingly collaborating with technology providers to enhance their offerings. By partnering with AI and machine learning companies, robotics firms can integrate advanced capabilities into their robots, such as improved decision-making and autonomous navigation. These collaborations also help companies stay competitive by offering cutting-edge solutions to their customers.
2. Focus on Customization and Personalization: Another trend in the market is the focus on customization and personalization of robotics solutions. Companies are developing robots that can be tailored to specific store layouts and requirements, allowing for more efficient and effective operations. This trend is driven by the increasing demand from retailers for solutions that can adapt to their unique needs and deliver a more personalized shopping experience to customers.
3. Expansion into New Markets: Companies are also expanding into new markets to enhance their market share. This includes entering emerging markets where there is a growing demand for in-store robotics services, as well as expanding their offerings to new industries beyond retail. By diversifying their portfolio, companies can reduce their dependence on any single market and tap into new revenue streams.
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