Autonomous Inventory Management Is Fastest Growing Segment Fueling The Growth Of Retail Robots Market
Retail Robots Market The Global Retail Robots Market is estimated to be valued at US$ 15.63 Bn in 2023 and is expected to exhibit a CAGR of 30% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Retail robots are used in inventory management, warehousing, packing & sorting, and surveillance applications in retail stores. They help in automating tedious and repetitive tasks with high accuracy and efficiency while reducing operating costs. Market key trends: One of the major trends in the retail robots market is the increasing adoption of autonomous inventory management robots. These robots can navigate autonomously in retail stores to scan product shelves and identify out-of-stock products or expiry items. They send real-time inventory data and alerts to the store managers for replenishment. This has significantly improved inventory management and reduced manual labor costs for retailers. Segme...