Robotic Bartender Market Report Overview
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The global robotic bartender market size was USD 590.4 million in 2021 and the market is projected to touch USD 4733.43 million in 2031, exhibiting a Compound annual growth rate (CAGR) of 23.18% during the forecasting period. The sudden rise in CAGR was brought on by the market's expansion and the demand levelling down after the pandemic is over.
Robot bartenders are cutting-edge robotic systems that are used in bars and pubs to serve customers' drinks by shaking, swirling, and straining them as directed. The market has been divided into commercial and residential segments based on end-user. During the projected period, the commercial segment will contribute the greatest share of the market. The market is driven by bars and pubs utilising cutting-edge technology, implementing robots to improve services in the hospitality sector, and utilising robotic bartenders due to their high repeatability, productivity, and consistency.
COVID-19 Impact: Lockdown Multiplied the Users and Escalated the Market Growth
The COVID-19 epidemic had a very positive impact on the market share for robotic bartenders. The epidemic caused unfavourable conditions for people to stay at home, but it also benefited robotic bartender services and made the setting favourable for contact-less deliverables. Robotics demand in supply chain and healthcare applications has increased as a result of COVID-19. Robotics manufacturers have shifted their justification for using automation away from labour shortages and toward the need for social isolation.Henceforth the COVID-19 turned out to be a major breakthrough in the robotic bartender market growth.
LATEST TRENDS
"The Fully Autonomous Artificially Intelligent Yanu to Allure the Market Demand"
A fully independent A.I. An intuitive cloud-based robot that is simple to monitor, clean, and refill. Robotic bartending equipment. It serves drinks, manages payments, recognises and interacts with customers. A skilled mixologist made to freely interact with people. There is no doubt that Yanu has a personality, even a soul. During order taking, you can feel the essence of the place. You have a conversation with something that is both very real and nearly supernatural. Yanu is a flawless contactless bartender that was created to provide quality. especially when serving you a drink just the way you like it. efficiently by selling more and more quickly than human bartenders. A captivating idea that attracts more people to your venue. A skilled mixologist made to freely interact with people. Artificial intelligent chatbot has potential for advertising.
Robotic Bartender Market Segmentation
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- By Type Analysis
Based on type, the market is subdivided into fully-autonomous bartending, semi-automatic bartending and other types.
- By Application Analysis
Based on the applications, the market is subdivided into bars, luxury hotels, restaurants and other commercial places.
DRIVING FACTORS
Increasing Adoption of Artificial intelligence and Digitalization to Accelerate the Market Growth
Across the nation, bars are experimenting with technology that can prepare customers' drinks. "Tipsy," a robot employed in a mall bar in Las Vegas, can grab a glass, fill it with ice, and prepare any drink the customer orders from a digital menu, operating much like a vending machine that dispenses alcohol instead of snacks. The robots can save high-traffic locations like pubs and sports stadiums both time and money, according to Anthony Pallino of the self-service establishment L.I. Pour House Bar and Grill in Long Island, New York. He claims that instead of needing five or six servers on a typical night, you now only need four, saving somewhere in the area of thousands of dollars annually for each automated server.
The expansion of the robotic bartender industry is being driven by clubs and pubs that are leveraging the utilisation of cutting-edge technologies. The customer experience can be improved by bar and pub operators with the aid of cutting-edge technologies like AI and smart sensors. Robots and automation are undoubtedly a quicker and easier approach. Automated machine bartenders offer capabilities like real-time monitoring and drink preparation using a smartphone app. Robotics and artificial intelligence are already being shaped by the amazing technology, where success depends on unwavering focus and audacious imagination. We invite both to the gathering. Literally. You can skip the line at the bar when you go to a party thanks to robotic bartender technology.
"Inclusion of Self Learning and Rigorous Improvements by Robots to Ensure the Market Growth"
Self-learning technologies are being incorporated more frequently. With the development of AI, digital gadgets can now self-learn and complete complicated jobs. Automated bartenders can learn the preferences and dispositions of their customers and make cocktails appropriately. Swarm technology, which enables robotic bartenders to learn from one another, is anticipated to be used by suppliers over the forecast period.
RESTRAINING FACTORS
"In Some Notions Human are Irreplaceable and this to Impede the Market Growth"
But other professionals claim that having a real bartender will still be valuable. According to Pamela Rutledge, a media psychology specialist, "there will be circumstances where deploying these robots will boost the quality of service, for example, in a busy, noisy atmosphere." However, it is clear that interacting with a real, live bartender "creates a kind of social connection, it makes you feel like you belong." As a result, consumers' perceptions of the value of humans are declining, which is limiting the robotic bartender market share.
Robotic Bartender Market Regional Insights
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"North America to Lead the Market With the Presence of Technological Advancements"
North America will have the largest robotic bartender market share of the market during the forecast period. The U.S. Department of Transportation (DOT) has made considerable investments in the research and development, use, and acceptance of robot bartenders. Due to the fragmentation of the robot bartender business, manufacturers are using both organic and inorganic expansion tactics to stay competitive. Most vendors have production bases and facilities in developed nations in North America and Europe. Robotic bartender development, design, and production are handled by renowned vendors. In order to increase the overall performance, safety, and dependability of robot bartenders, they deploy cutting-edge monitoring systems. They are concentrating on making robot bartenders easier to use so that widespread acceptance might occur. Additionally, well-known suppliers are concentrating on the fusion of AI with IoT.
KEY INDUSTRY PLAYERS
"Notable Players to Contribute in the Market Globally"
The report analyzes different market players in the industry. The information is published after proper research, analysis of trends, key developments, the introduction of new initiatives, and technological developments and innovations. Other aspects of the report include a study on the companies, regions, automation, technological developments, and the impact of newly emerging industries along with their risks. The facts in the report may be subject to change, given the situation of market players from time to time.
List of Market Players Profiled
- Barbotics (U.S.A)
- CARLORATTIASSOCIATI (Italy)
- Barsys (U.S.A)
- Makr Shakr (U.S.A)
- Nino (France)
- Monsieur (U.S.A)
- Hammacher Schlemmer (U.S.A)
- Party Robotics (U.S.A)
- Robolab (India).
REPORT COVERAGE
The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 590.4 Million in 2021 |
Market Size Value By |
US$ 2062 Million by 2031 |
Growth Rate |
CAGR of 23.18% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the robotic bartender market expected to touch by 2031?
The global robotic bartender market is expected to touch USD 4733.43 million in 2031.
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What CAGR is the robotic bartender market expected to exhibit by 2031?
The robotic bartender market is expected to exhibit a CAGR of 23.18% by 2031.
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What are the driving factors of the robotic bartender market?
Increasing adoption of artificial intelligence and digitalization also inclusion of self learning and rigorous improvements by robots are the driving factors of the robotic bartender market.
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Which are the top companies operating in the robotic bartender market?
Barbotics, CARLORATTIASSOCIATI, Barsys, Makr Shakr, Nino, Monsieur, Hammacher Schlemmer, Party Robotics, Robolab and others are the top companies operating in the robotic bartender market.