Robotic Bartender Market by End-user and Geography - Forecast and Analysis 2022-2026

The robotic bartender market share is expected to increase by USD 678.8 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 24.27%.

This robotic bartender 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 the robotic bartender market segmentation by end-user (commercial and residential) and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The robotic bartender market report also offers information on several market vendors, including Barsys Industries LLC, Bartesian Inc, F&P Robotics AG, Foxtender, GKI Group, MAKR SHAKR srl, MIDEA Group Co. Ltd., Party Robotics, Richtech Robotics Inc., Robolab Technologies Pvt. Ltd., SirMixABot Inc., SmartBar USA, Somabar Inc, TendedBar Inc., and Yanu OU among others.

What will the Robotic Bartender Market Size be During the Forecast Period?

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Robotic Bartender Market: Key Drivers, Trends, and Challenges

The bars and pubs leveraging the use of advanced technology are notably driving the robotic bartender market growth, although factors such as the high cost of robotic arm bartenders 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 robotic bartender market industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Robotic Bartender Market Driver

The bars and pubs leveraging the use of advanced technology are one of the major drivers impacting the robotic bartender market growth. With people embracing intelligent automation, the adoption of technologies at bars and pubs has increased significantly over the past decade. The inclusion of advanced technologies such as AI and smart sensors is enabling bar and pub owners to enhance the customer experience by offering appropriate decor. For instance, SceneTap, a mobile application that provides real-time information about gender ratio, crowd size, and other aspects to end-users, is gaining traction at drink and dining places. Similarly, Grill in Long Island and LI Pour House Bar in New York, US, are using automated machines that allow them to make their drinks and pay for them. Due to this, automated machine bartenders are gaining traction among end-users. These automated machine bartenders involve high-cost investments; however, they also offer extended features such as preparing drinks with a mobile app and real-time monitoring of their work.

Key Robotic Bartender Market Trend

The inclusion of self-learning technologies is one of the major trends influencing robotic bartender market growth. The inclusion of self-learning capabilities by incorporating AI is gaining traction in the global robotic bartender market. AI is a technology that is fused into smartphones, home devices, advanced robots, and connected vehicles. Advances in AI have allowed digital devices to work on complex tasks through self-learning. Robotic bartenders are also made smarter with this technology. AI allows the robot to analyze the customer/user and adapt accordingly. Automated machine bartenders are capable of learning the habits and moods of their users over some time and preparing drinks accordingly. We expect that vendors will include swarm technology during the forecast period so that robotic bartenders can learn from each other distantly and enhance their competence themselves.

Key Robotic Bartender Market Challenge

The high cost of robotic arm bartenders is one of the major challenges impeding the robotic bartender market growth. The cost associated with robotic arm bartenders is very high compared with the low cost of employing human personnel at bars. Thus, many end-users do not prefer to make such a huge investment in robotic solutions due to the uncertain profitability perception. Though the prototype testing of these robotic solutions indicates a positive financial scenario, these solutions are yet to show their full market potential in real-world applications due to their limited adoption. Thus, it will be difficult for companies to accept these robots if there is no long-term project scope or a justified investment scenario. Robotic arm bartenders may provide advantages in enhancing customer engagement and loyalty; however, the complete system, along with robotic arm bartenders, costs millions of dollars. The entire system requires a huge space with several additional supporting systems such as automated bars, conveyors to supply drinks, LEDs for tracking orders, and mini-PCs for ordering drinks. In addition to these, the designing, installation, and integration of such a system further increase the associated costs of robotic arm bartenders.

This robotic bartender 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 robotic bartender 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 robotic bartender market during the forecast period.

Who are the Major Robotic Bartender Market Vendors?

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

• Barsys Industries LLC
• Bartesian Inc
• F&P Robotics AG
• Foxtender
• GKI Group
• MAKR SHAKR srl
• MIDEA Group Co. Ltd.
• Party Robotics
• Richtech Robotics Inc.
• Robolab Technologies Pvt. Ltd.
• SirMixABot Inc.
• SmartBar the USA
• Somabar Inc
• TendedBar Inc.
• Yanu OU

This statistical study of the robotic bartender market encompasses successful business strategies deployed by the key vendors. The robotic bartender market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from 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 robotic bartender 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.

Robotic Bartender Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the robotic bartender 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 the Robotic Bartender Market?

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35% of the market’s growth will originate from North America during the forecast period. The US is the key market for robotic bartender market in North America. Market growth in this region will be faster than the growth of the market in regions.

The growing consumption of alcoholic beverages and the inclination of customers for sophisticated decor will facilitate the robotic bartender market growth in North America 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

The outbreak of COVID-19 affected all countries in North America, especially the US, in 2020. It also hurt the robotic bartender market in the region. The rise in the number of COVID-19 cases in the first quarter of 2020 led to partial lockdowns in several countries, including Canada and Mexico. Hence, gatherings at clubs and other social venues declined to some extent, which adversely impacted the growth of the regional market in 2020 and Q1 2021.

What are the Revenue-generating End-user Segments in the Robotic Bartender Market?

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The robotic bartender market share growth by the commercial segment will be significant during the forecast period. It is anticipated that robotic bartenders will gain a foothold in the residential sector during the forecast period also as end-users seek more lavish drinking styles at social gatherings and homes.

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

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What are the Key Data Covered in this Robotic Bartender Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive robotic bartender market growth during the next five years
• Precise estimation of the robotic bartender market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the robotic bartender industry across North America, APAC, Europe, South America, and the 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 robotic bartender market vendors

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