Dublin, July 05, 2024 (GLOBE NEWSWIRE) -- The "Shopping Assistance Robots - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Shopping Assistance Robots was valued at an estimated US$63.1 Million in 2023 and is projected to reach US$626.9 Million by 2030, growing at a CAGR of 38.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the shopping assistance robots market is driven by several factors. Technological advancements in artificial intelligence and machine learning have significantly enhanced the capabilities of these robots, making them more efficient and versatile. Additionally, the increasing adoption of automation in retail to improve operational efficiency and reduce labor costs is a crucial driver. Consumer behavior is also a significant factor, with modern shoppers increasingly expecting personalized and tech-enhanced shopping experiences.
The rising trend of smart retail and the integration of Internet of Things (IoT) devices in stores further boost the demand for shopping assistance robots. Furthermore, the competitive retail landscape compels businesses to differentiate themselves through innovative solutions, fostering greater investment in robotic technologies. The combination of these factors ensures that the market for shopping assistance robots will continue to expand, transforming the retail experience in profound ways.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Interactive Robots segment, which is expected to reach US$358.7 Million by 2030 with a CAGR of a 37.4%. The Robotic Shopping Carts segment is also set to grow at 41.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $16.6 Million in 2023, and China, forecasted to grow at an impressive 36.6% CAGR to reach $90.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Shopping Assistance Robots Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Shopping Assistance Robots Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Shopping Assistance Robots Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Amy Robotics, Badger Technologies, El sistema inteligente Suzhou Walklake Co., Ltd (Benebot), and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 129 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $63.1 Million |
| Forecasted Market Value (USD) by 2030 | $626.9 Million |
| Compound Annual Growth Rate | 38.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Shopping Assistance Robots - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- AI and Machine Learning Adoption Throws the Spotlight on Retail Transformation
- Personalized Shopping Experiences Drive Customer Satisfaction
- IoT Integration Expands Addressable Market Opportunity for Shopping Assistance Robots
- Conversational AI Enhances Customer Service
- Advancements in Autonomous Navigation Propel Growth in Retail Robotics
- Omnichannel Retail Strategies Sustain Growth in Shopping Assistance Robot Adoption
- E-commerce and Contactless Shopping Spur Demand for Retail Robotics
- Operational Efficiency Through Robotics Generates Cost Reduction Opportunities
- In-store Customer Engagement - The Story Behind the Rising Focus
- Inventory Management and Stock Replenishment Robots Accelerate Demand
- Seamless Checkout Experiences Drive Adoption of Shopping Assistance Robots
- Interactive Display Technologies Generate New Consumer Interaction Opportunities
- Innovations in Robot Design Propel Market Expansion
- Strategic Collaborations and Partnerships Drive Growth in Retail Robotics
FOCUS ON SELECT PLAYERS (Total 45 Featured):
- Amy Robotics
- Badger Technologies
- El sistema inteligente Suzhou Walklake Co., Ltd (Benebot)
- Fdata Co., Ltd.
- Five Elements Robotics
- LG Electronics, Inc.
- Lowe`s Innovation Labs
- PAL Robotics SL
- Promobot
- Pudu Technology, Inc. (Pudu Robotics)
- Robot Labs
- SoftBank Robotics America, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/3mz4ii
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