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The global retail robots market was valued at US$ 7.1 Bn in 2020 and is expected to reach US$ 55.8 Bn by 2028 at a CAGR of 30.1% between 2021 and 2028.

Global Retail Robots Market, by Type (Mobile Robotics, Stationary Robotics, and Semi-Autonomous), by Application (Inventory Management, Delivery Management, In-Store Services, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) is estimated to be valued at US$ 7.1 billion in 2021 and is expected to exhibit a CAGR of 30.1 % over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights.

While retail workers can still be a necessary part of the process, many of these tasks can now be done by machines. The use of robots in the retail industry can help businesses understand and service customers better. Not only does it eliminate the need for human employees, but it also frees them from the monotony of routine work. And because retail robots are programmable, retailers can set the machines to perform specific tasks for them.

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Major players operating in the global retail robots market include – ABB Robotics, Amazon Robotics, Bossa Nova, Greyorange, Honda Motor Co. Limited, Ottonomy, Simbe Robotics, and Softbank Robotics.

Development and launch of new products is expected to propel growth of the global retail robots market over the forecast period. For instance, in December 2021, Addverb Technologies launched Veloce, its multi-carton picking mobile robot. Moreover, increasing investment in retail automation is also expected to propel growth of the global retail robots market over the forecast period. For instance, in December 2021, Walmart announced plans to open a 925,000 square-foot automated fulfillment center in Lebanon, Tennessee to support its retail and eCommerce business.

Geographically, the report examines production, consumption, revenue, market share, growth rate, and forecasts for the following regions:

North America (United States, Canada)

Asia Pacific ( China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

The Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Egypt, South Africa, Nigeria)

Globally, as of 5:15pm CET, 21 December 2021, there have been 274,628,461 confirmed cases of COVID-19, including 5,358,978 deaths, reported to WHO. As of 20 December 2021, a total of 8,387,658,165 vaccine doses have been administered. The pandemic has led to a significant change in consumer behavior, which has prompted adoption of automation in the retail sector. For instance, in November 2021, Central Food Retail Co., operator of Tops Supermarket, Food Hall and Tops Daily, launched an AI service robot witnessing change in consumer behavior.

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Some of the important questions answered in this report include:

What are the top five Retail Robots Market players?

What will the Retail Robots Market look like in the following years?

Which product and application will dominate the Retail Robots Market?

What are the Retail Robots Market’s drivers and restraints?

Which regional market will represent the highest growth?

What will be the CAGR and market size of the Retail Robots Market over the forecast period?

What is the present market size, what will it be in 2029, and what will be the growth rate?

What are the constraints to market growth?

What market opportunities and risks do the key companies face?

Who are the main competitors, and what is their strategic approach?

What are the market’s entry challenges for new players?

Major players operating in the global retail robots market are focused on launching new products to expand their product portfolio. For instance, in December 2021, Ottonomy launched Ottobots, a fleet of its fully autonomous delivery robots at Cincinnati/Northern Kentucky International Airport.

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Thank you for taking the time to read the research report. Kindly inform us for additional information about the customized report and customization plan, and we will provide you the most appropriate customized report.

Coherent Market Insights is a global market intelligence   and consulting organization, focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 32 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and start-ups looking to establish a foothold in the market. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele.

Mr. Shah US +12067016702 / UK +4402081334027 / JAPAN:+81-50-5539-1737

Coherent Market Insights Pvt Ltd, 1001 4th Ave,

Market Scale and Segment Analysis:

The post Global Retail Robots Market: Significant Change in Consumer Behavior Prompts Adoption of Automation in Retail Sector Top Players – ABB Robotics, Amazon Robotics, Bossa Nova, Greyorange, Honda Motor Co. Limited. appeared first on Gatorledger.

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