“Retail Robotics Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type (autonomous and semi-autonomous); application (delivery robots, inventory robots, in-store service robots, etc.) and geography”
Retail robots are no longer a phenomenon of the past, automation is increasingly being introduced in a variety of sectors, and its prevalence in the retail industry can be seen as increasing through retail robotics. The retail industry is one of the major sectors that has benefited from the introduction of artificial intelligence and robotics. Advances in the field of robotics have advanced to the point that the technology users have gained great advantage in the market through the use of robots.
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Companies included in this report include: ABB, Honda, Locus Robotics, and Soft Robotics Inc. and Universal Robots A/S, Aethon, and Alphabet Inc. and GrayOrange, Softbank Group Corp., and Robotiq
The increase in the tendency towards the use of innovative and advanced technology among the general public is affecting the retail industries to adopt retail robots for commercial purposes. Moreover, customers get excited when they are served by bots which in turn drive the demand for retail bots. In addition, retail bots facilitate faster deployment of services.
The global retail robotics market is segmented on the basis of type and application. On the basis of data type, the market is segmented as autonomous and semi-autonomous. On the basis of application, the market is segmented as delivery robots, inventory robots, in-store service robots, and others.
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The report provides a detailed overview of the industry including qualitative and quantitative information. It provides an overview and forecast of the global Retail Robots market based on different segments. It also provides the market size and forecast estimates from 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. The retail robotics market is subsequently segmented by region as per the respective countries and segments. The report covers analyzes and forecasts of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes the factors affecting the Retail Robots market from the demand and supply side and further evaluates the market dynamics influencing the market during the forecast period, i.e. drivers, restraints, opportunities, and future direction. The report also provides a comprehensive analysis of PEST for all the five regions which are; North America, Europe, Asia Pacific, the Middle East, Africa, and South America after evaluating the political, economic, social, and technological factors influencing the retail robotics market in these regions.
The reports cover key developments in the organic and inorganic growth strategies of the Retail Robotics market. Many companies focus on organic growth strategies such as product launches, product approvals, and others such as patents and events. The inorganic growth strategies activities witnessed in the market were acquisitions, partnerships and collaborations. These activities paved the way for the expansion of the business and customer base of the market players. The market players of the retail robotics market are expected to get lucrative growth opportunities in the future with the increasing demand of the retail robotics market. Below is a list of some of the companies operating in the retail robotics market.
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