Wednesday, 25 April 2018

Robotic Bartender Market 2018-2022: Key Trends, Drivers & Challenges

Technavio recognizes the following companies as the key players in the Robotic Bartender Market: Barbotics, CARLORATTIASSOCIATI, and Party Robotics
Commenting on the report, an analyst from Technavios team said: The inclusion of self-learning capabilities by incorporating AI is positively affecting the market. AI is a technology that is fused in smartphones, home devices, advanced robots, and connected vehicles. AI allows the robot to analyze the customer/user and adapt accordingly.
According to the report, the adoption of technologies at bars and pubs will influence the market growth. 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 d├ęcor. These automated machine bartenders offer extended features such as preparing drinks with a mobile app and real-time monitoring of their working.
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Further, the report states that high cost of robotic arm bartenders affecting this market. 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The market is expected to grow at a CAGR of 10.23%
About Robotic Bartender
Robotic bartenders are advanced robotic solutions deployed in bars and pubs, which perform functions such as muddling, stirring, shaking, and straining of drinks, according to the orders of consumers.
Technavios analysts forecast the Global Robotic Bartender Market to grow at a CAGR of 23.27% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the robotic bartender. To calculate the market size, the report considers the revenue generated from the sales of robotic arm bartenders and automated machine bartenders.
The market is divided into the following segments based on geography:
·         Americas
·         APAC
·         EMEA
Technavio's report, Global Robotic Bartender Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
·         Barbotics
·         Party Robotics
Market driver
·         Bars and pubs leveraging the use of advanced technology
·         For a full, detailed list, view our report
Market challenge
·         High cost of robotic arm bartenders
·         For a full, detailed list, view our report
Market trend
·         Inclusion of self-learning technologies
·         For a full, detailed list, view our report
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