Inventory Robots Market by Product and Geography - Forecast and Analysis 2022-2026

The inventory robots market share is expected to increase by USD 34.15 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.5%.

This inventory robots market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers inventory robots market segmentation by product (hardware and solutions) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The inventory robots market report also offers information on several market vendors, including Bastian Solutions LLC, Bossa Nova Robotics, Brain Corp., Fellow Inc., Grey Orange Pte. Ltd., Jabil Inc., Keonn Technologies, KION GROUP AG, MetraLabs GmbH, PAL Robotics SL, Simbe Robotics Inc., and Zebra Technologies Corp. among others.

What will the Inventory Robots Market Size be During the Forecast Period?

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Inventory Robots Market: Key Drivers, Trends, and Challenges

The increase in automation by retailers to combat competition is notably driving the inventory robots market growth, although factors such as the high cost of deployment, which is limiting the adoption by small retailers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the inventory robots industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Inventory Robots Market Driver

One of the key factors driving the global inventory robots market growth is the increase in automation by retailers to combat competition. Retailers have been focusing on strategies that can help them reduce the involvement of human workers in repetitive tasks owing to the high wages. Vendors in the global inventory robots market have introduced offerings that can enhance the customer experience by ensuring that products are always available in the right location. Retailers such as Walmart Stores, Adler Modemarket, Lowes, and Schnuck Markets have invested in robotics for inventory management. Thus, the increasing competition among the leading retail stores will lead to the introduction of innovative solutions, which will drive market growth during the forecast period.

Key Inventory Robots Market Trend

The emergence of advanced fleet management and visualization software is one of the key inventory robots market trends that is expected to impact the industry positively in the forecast period. For instance, SIMBE ROBOTICS offers fleet management tools to monitor inventory robots. Fetch Robotics FetchCore is a cloud-based software for deploying, operating, monitoring, and optimizing the company's robots. In addition, vendors are also increasingly focusing on developing software that can link theoretical AutoCAD drawings to theoretical planogram designs to accurately calculate the return on investment on the shelf space. For instance, 4D Technologies offers 4D Space Genius to help retailers in making informed decisions, factoring in parameters such as the optimal location for each product and the customer's shopping basket size to maximize sales based on the geospatial information. Such innovations will further support the market growth in the coming years.

Key Inventory Robots Market Challenge

One of the key challenges to the global inventory robots market growth is the high cost of deployment, which is limiting the adoption by small retailers. For instance, the hardware cost itself can go as high as around USD 45,000, and the costs incurred due to the additional software and services further add to the overall cost. Thus, to cater to smaller retailers, several vendors are modifying their business models to ensure that small retailers can adopt inventory robots despite their budgetary constraints. For instance, vendors are adopting the robotics-as-a-service (RaaS) model, in which robots can be rented or leased on a monthly or hourly basis, along with upgrades, maintenance, and other basic services, to end-users. However, the high deployment cost of inventory robots will limit the market growth during the forecast period.

This inventory robots market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global inventory robots market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the inventory robots market during the forecast period.

Who are the Major Inventory Robots Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Bastian Solutions LLC
• Bossa Nova Robotics
• Brain Corp.
• Fellow Inc.
• Grey Orange Pte. Ltd.
• Jabil Inc.
• Keonn Technologies
• KION GROUP AG
• MetraLabs GmbH
• PAL Robotics SL
• Simbe Robotics Inc.
• Zebra Technologies Corp.

 

This statistical study of the inventory robots market encompasses successful business strategies deployed by the key vendors. The inventory robots market is concentrated and the vendors are deploying growth strategies such as technological innovations to compete in the market.

Product Insights and News

• Bastian Solutions LLC - The company offers the Scallogs robotic system, which provides goods-to-person order fulfillment system that is designed with dynamic storage and picking functionalities; this helps in e-commerce, retail, and distribution operations to streamline order fulfillment for small products.
• Bastian Solutions LLC - Under the unified segment, the company offers material handling automation services and specializes in designing and developing supply chain software and technologies.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The inventory robots market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Inventory Robots Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the inventory robots market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Inventory Robots Market?

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38% of the market's growth will originate from APAC during the forecast period. South Korea, China, Taiwan, and India are the key markets for inventory robots in APAC. However, market growth in this region will be slower than the growth of the market in other regions.

Favorable government legislation and investments and the growth of the food and beverage, pharmaceutical, and cosmetics industries will facilitate the inventory robots market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 In 2020, the inventory robots market in the region witnessed certain challenges. The COVID-19 pandemic affected the economy of the region, supply chains, and the industrial and commercial sectors. To prevent the community spread of the disease in APAC, the governments of all the countries announced nationwide lockdowns, which resulted in the temporary closure of the automotive, electronics and semiconductor, metal fabrication, aerospace, and other end-user industries. However, in the second half of 2020, the lifting of lockdowns in many countries across the region resulted in the resumption of operations in the above-mentioned industries, which will help the market to recover in the coming years.

What are the Revenue-generating Product Segments in the Inventory Robots Market?

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The inventory robots market share growth by the hardware segment will be significant during the forecast period. The growth is attributed to the strategic initiatives by key vendors such as collaborations and new features in their product offerings. Technological improvements in inventory robot hardware will further support the market growth through this segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the inventory robots market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Inventory Robots Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 13.5%
Market growth 2022-2026	$ 34.15 million
Market structure	Concentrated
YoY growth (%)	12.37
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 38%
Key consumer countries	US, Canada, Germany, France, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Bastian Solutions LLC, Bossa Nova Robotics, Brain Corp., Fellow Inc., Grey Orange Pte. Ltd., Jabil Inc., Keonn Technologies, KION GROUP AG, MetraLabs GmbH, PAL Robotics SL, Simbe Robotics Inc., and Zebra Technologies Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Inventory Robots Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive inventory robots market growth during the next five years
• Precise estimation of the inventory robots market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the inventory robots industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of inventory robots market vendors

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