Global retail robots market is estimated to be valued at US$ 12.82 Billion in 2024 and is expected to reach US$ 79.74 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 29.8% from 2024 to 2031.

Retail robots are autonomous robots that are developed to work in retail stores and help customers. These robots bring efficiency to routine tasks like cataloging inventory, fetching products, and cashless checkouts. With advancements in AI and machine learning technologies, retail robots are evolving to take on more complex duties like assisting customers, answering queries, and providing personalized shopping experiences. Global retail robots market is expected to witness growth in the near future as retailers aim to streamline operations, enhance customer service levels, and gather analytical insights using robotics solutions.

Market Dynamics:

Global retail robots market growth is driven by factors like growing labor costs, need for efficient warehouse management, and demand for personalized shopping experiences. Retail automation helps to reduce costs associated with hiring and training human employees while boosting productivity. Thus, there has been huge demand for inventory tracking and order fulfillment robots from e-commerce retailers and warehouses. However, high initial investment requirements and technical challenges related to navigation can hamper the market growth.  Integrating advanced capabilities like computer vision, IoT, and AI into retail robots to make them smarter and more useful for interactive customer assistance roles can offer market growth opportunities.

Key features of the study:

• This report provides in-depth analysis of the global retail robots market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global retail robots market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include ABB Ltd., Addverb Technologies, Alphabet Inc., Amazon Robotics LLC., Bastian Solutions, Inc., Bossa Nova, Daifuku Co., Ltd., Dematic, DJI, Fetch Robotics, Inc., Grey Orange, KUKA AG, Locus Robotics, Onewell Intelligrated, Rethink Robotics, Robotiq Inc., Savioke, Siemens, Simbe Robotics, Soft Robotics Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global retail robots market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global retail robots market.

Detailed Segmentation-

• By Type
  • Mobile Robotics
  • Stationary Robotics
  • Semi-Autonomous
•  By Application
  • Inventory Management
  • Delivery Management
  • In-Store Services
  • Others
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Key Players Insights
  • ABB Ltd.
  • Addverb Technologies
  • Alphabet Inc.
  • Amazon Robotics LLC.
  • Bastian Solutions, Inc.
  • Bossa Nova
  • Daifuku Co., Ltd.
  • Dematic
  • DJI
  • Fetch Robotics, Inc.
  • Grey Orange
  • KUKA AG
  • Locus Robotics
  • Onewell Intelligrated
  • Rethink Robotics
  • Robotiq Inc.
  • Savioke
  • Siemens
  • Simbe Robotics
  • Soft Robotics Inc.