Global Retail Robots Market Size Analysis, 2018-2028

REPORT ID: BKR671Domain: ICTPublished Date: April 2018

 

 

The Global Retail Robots Market Size is estimated to be valued at USD 20 billion in 2018 and will grow by 10X to create billion dollar opportunity for industry players including manufacturers and suppliers.

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Retail Robots Market

Retail Robots Market Report

Technological advancement along with the need for better sales strategy and inventory management has led to wide scale demand for robots in retail sector. Nonetheless to say, retail has always been at the forefront of adopting newer technology. The impact of robotics has always been multi-dimensional capable of turning out 10X to 30X higher productivity. Integration of analytics and cloud based services has further strengthened the base of robots as a future power-engine.

At a time, when retail industry is going through major structural transformation owing to competitive rivalry from e-commerce chains, there is a high need to pursue innovation to analyze the sales potential, cut down operational cost and enhance ROI. As such, retail companies are taking higher interest in deployment of robots to carry out wide range of activities.

Various steps towards robotic integration has already commenced. For instance, Tesco- leverages Radio Frequency Identification (RFID) robots for managing and scanning store inventories with high accuracy in lower turnaround processing time.

Cost reduction will continue to be the key driving factor for global retail robots market. At present, global retail robots market is at initial stage of growth matrix curve and will grow impressively during the forecast period. The consolidation in the industry is primarily dominated by North America and Japan based manufacturers. However, increase presence of China based players will led to a certain degree of fragmentation.

Product development and series funding are the notable trends visible in the global retail robots market. Recently, in 2017, Bossa Nova raised US$ 17.5 million in Series B round funding. This led to total funding close to USD 41.7 million. Similar such development is expected to take place in in near future too owing to increasing demand from end-use sectors. Demand will be potentially higher from the mega-industries. Recently, in 2017, Walmart expanded deployment of robotic arm in its stores to ensure higher profitability on long term forecast.

Global Retail Robots Market Analysis, By Product Type: Fully Autonomous Mobile Robot to Dominate the Global Sales by 2028

By 2028, fully autonomous mobile robots will account for over 65% of global retail robots market sales. Increasing penetration of AI based platforms along with technological advancement in maneuvering has created favorable environment for these robots. These fully autonomous mobile robots are primarily equipped with range of sensors including LiDAR, voice processing units, and 3-D cameras. These systems not only helps in inventory management but also responsive customer engagement.

In future, fully autonomous mobile robots will be staffed with humans to better engage the consumers. As such, there is large business opportunity for robot processing units in retail sectors.

Global Retail Robots Market Analysis, By Application: Inventory Robots to Dominate the Global Sales

Globally, inventory robots is expected to dominate the global retail robots market sales throughout the forecast period. It accounted for over 90% of global retail robots market share in 2017. Though, it will continue to dominate the sales, it will lose major chunk of the share to delivery robots and in-store service robots.

Delivery robots will register fastest growth and its usage will be particularly on a higher note among large scale enterprises. Demand for quick product delivery along with rising privacy concern will have a major impact on overall sales of such robots. In-store service robots will began to see its deployment on a mass scale post 2025.

Global Retail Robots Market Size and Forecast, Regional Analysis: Asia Pacific to take over North America in Retail Robots Deployment by 2025

North America region witnessed impressive amount of retail robots installation between 2015 and 2017. The region accounted for over 68% of global retail robots market share in 2017 followed by Western Europe and Asia Pacific. The trend is expected to be strong in near future too owing to ongoing large scale automation across various industry verticals in the region. The region has always been at the forefront of newer technology. End-use companies including Amazon and Walmart have good presence in the region. These companies have already started business with retail robots.

Western Europe region will witness majority of retail robots market share in EU-5 region. In Asia Pacific, China and Japan will account for over 90% of total deployment by 2028.

Global Retail Robots Market Size and Forecast: Competition Landscape

Some key retail robots market players are ABB Robotics, Aethon, Alphabet Inc., GreyOrange, Softbank Group Corp, Amazon Robotics, Bossa Nova, DJI, Rethink Robotics, Robotiq, Savioke, Simbe Robotics, Honda Robotics, Locus Robotics, Soft Robotics, and Universal Robots A/S.

Retail Robot Market Industry Segmentation

By Product Type:

  • Autonomous
    • Mobile
    • Stationary
  • Semi-Autonomous

By Application:

  • Delivery Robots
  • Inventory Robots
  • In-Store Service Robots

By Deployment:

  • Cloud/Web-based
  • In-Premise
  • Third Party Deployment Server

What Will You Discover in the Report?

  • An in-depth analysis of the Retail Robot market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Retail Robots market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Retail Robots market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Retail Robots industry during the forecast period
  • Who are the Retail Robots industry leaders and what are the key initiatives taken by them for long term growth

Analyst access with Bekryl Market Analysts

Purchasing of Retail Robots market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Retail Robots Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Retail Robots Market Value
    • Overall Market Forecast
    • Retail Robots Growth Outlook, By Segments
    • Retail Robots Growth Scenario, by Region
  6. The Retail Robots Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain
    • Growth Factor Analysis
    • Key Industry Players By Region
  7. The Retail Robots Industry Dynamics
    • Drivers
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition and Compliances, By Selected countries
  8. Global Retail Robots Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Industry Predictive Analysis
    • Retail Robots Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Retail Robots Market Size and Forecast, (2017-2027)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Retail Robots Industry Size and Forecast, By Segments

By Product Type:

  • Autonomous
    • Mobile
    • Stationary
  • Semi-Autonomous

By Application:

  • Delivery Robots
  • Inventory Robots
  • In-Store Service Robots

By Deployment:

  • Cloud/Web-based
  • In-Premise
  • Third Party Deployment Server
  1. North America Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • North America Retail Robots Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • North America Retail Robots Market, By Segments (As mentioned in section 10 of TOC)
    • S. Retail Robots Market Size and Forecast, By Segments
    • Canada Retail Robots Market Size and Forecast, By Segments
  2. Latin America Retail Robots Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Latin America (South America) Retail Robots Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
      • Latin America Retail Robots Market, By Segments (As mentioned in section 10 of TOC)
    • Brazil Retail Robots Market Size and Forecast, By Segments
    • Argentina
    • Mexico
    • Rest of Latin America

(Retail Robots industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Western Europe Retail Robots Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Western Europe Retail Robots Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Western Europe Retail Robots Market, By Segments (As mentioned in section 10 of TOC)
    • Germany Retail Robots Market Size and Forecast, By Segments
    • UK
    • France
    • Spain
    • Italy
    • NORDIC
    • Switzerland
    • Rest of Western Europe

(Retail Robots industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Central and Eastern Europe (CEE) Retail Robots Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Central and Eastern Europe Retail Robots Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Central and Eastern Europe Retail Robots Market, By Segments (As mentioned in section 10 of Retail Robots Market TOC)
    • Russia Retail Robots Market Size and Forecast, By Segments
    • Poland
    • Ukraine
    • Rest of CEE

(Retail Robots industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Asia Pacific Retail Robots Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Asia Pacific Retail Robots Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Asia Pacific Retail Robots Market, By Segments (As mentioned in section 10 of TOC)
    • Japan Retail Robots Market Size and Forecast, By Segments
    • China
    • India
    • South Korea
    • Australia
    • ASEAN
    • Rest of Asia Pacific

(Retail Robots industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Middle East Retail Robots Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Middle East Retail Robots Market Analysis
      • Industry Size and Forecast, (2017-2027)
      • Industry Share (%)
      • Industry Growth Forecast (%)
    • Middle East Retail Robots Market, By Segments (As mentioned in section 10 of TOC)
    • GCC Retail Robots Market Size and Forecast, By Segments
    • Israel
    • Rest of Middle East

(Retail Robots industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Africa Retail Robots Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Retail Robots Industry Size and Forecast, (2017-2027)
    • Africa Retail Robots Industry Share (%)
    • Africa Retail Robots Industry Growth Forecast (%)
    • South Africa Retail Robots Market Size and Forecast, By Segments
    • Algeria
    • Nigeria

(Retail Robots industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)

  1. Retail Robots Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • ABB Robotics,
      • Aethon,
      • Alphabet Inc.,
      • GreyOrange,
      • Softbank Group Corp,
      • Amazon Robotics,
      • Bossa Nova,
      • DJI,
      • Rethink Robotics,
      • Robotiq,
      • Savioke,
      • Simbe Robotics,
      • Honda Robotics,
      • Locus Robotics,
      • Soft Robotics,
      • Universal Robots A/S.
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Retail Robots industry TOC and sample research pages, download sample.

Retail Robots Market Report Structure

Retail Robots Industry Dynamics

This section enables Retail Robots industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Retail Robots market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Retail Robots industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Retail Robots Industry Trends
  • Retail Robots Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Retail Robots Industry Experts Market Opinion

Industry Analysis, By Segments

Industry stakeholders receive detailed analysis of the Retail Robots industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Retail Robots industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

 

Regional Market Analysis

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Retail Robots market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any

North America Retail Robots Market Size

  • S.
  • Canada

Latin America Retail Robots Market Size

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

(*Retail Robots Market value analyzed across each Latin America country)

Western Europe Retail Robots Market Size

  • Germany
  • UK
  • France
  • Switzerland
  • Spain
  • Italy
  • NORDIC
  • Rest of Western Europe

(*Retail Robots Market value analyzed across each Western Europe country)

Central and Eastern Europe Retail Robots Industry Analysis

  • Russia
  • Poland Meat
  • Ukraine Meat
  • Rest of Eastern Europe

(*Retail Robots Market value analyzed across each Central and Eastern Europe country)

Asia Pacific Retail Robots Industry Size

  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN Meat
  • Rest of Asia Pacific

(*Retail Robots Market value analyzed across each Asia Pacific country)

Middle East Retail Robots Industry Size

  • GCC
  • Israel
  • Rest of Middle East

(*Retail Robots Market value analyzed across each Middle East country)

Africa Retail Robots Industry Size

  • South Africa
  • Algeria
  • Nigeria
  • Rest of Africa

Retail Robots Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Retail Robots Market Growth Forecasting Methodology

In order to prepare historical data and analyze Retail Robots market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Retail Robots market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Retail Robots market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Retail Robots industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Potential Consumer Mapping

Retail Robots Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

 

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