Revenues from robotics implemented in retail stores to cross $8.4 billion by 2030

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As the world emerges from the global pandemic, retail is growing at levels not seen in the last two decades. Retail sales grew by 7 percent in 2020 and by over 14 percent in 2021, which is in stark contrast to the 3.7 percent annual growth between 2010 and 2019.

The increased demand for retail has put a strain on supply chains and retail operations worldwide. As a result, retailers and stakeholders are turning to automation solutions such as mobile robotics for operational ease.

According to global technology intelligence firm ABI Research, worldwide commercial robot revenue in retail stores will have a Compounded Annual Growth Rate (CAGR) of over 25 percent from 2022 to 2030 and exceed $8.4 billion by 2030.

Adhish Luitel, senior analyst, supply chain management and logistics at ABI Research, says: “There is the continued adoption of diverse technologies in the retail space.

“We can see incoming retail solutions within various points of the retail value chain, such as order fulfillment, in-store inventory check, coordination between store associates, or last-mile delivery. These solutions can directly or indirectly impact the wider supply chain management to retailers for the better.”