Robotic Coffee Bars: Market Outlook
Lately, with the advent of futuristic technology and systems, the world is witnessing the growing market of automated machines/robots that assist humans in their day-to-day activities that mostly include services like cleaning, transportation, and video recording. The rising popularity of vacuum cleaners, the next to impossible tasks performed by the robot dog, the astonishing artificial intelligence displayed by humanoids, and the use of drones and warehouse robots for performing tasks such as video recording, package delivery, and inventory management, has already left the world in awe, leaving a slight bit of in amazement for the robotic coffee bars.
The robotic coffee bars are cafés that provide service to its customers without the help of human intervention, that is, the owner of the coffee shop doesn’t require the assistance of human employee/staff to run their café except for the time of servicing in every few months and for cleaning and re-filling ingredients. Robotic coffee bars have automated kiosks that function as automatic vending machine that can be remotely operated using smart phone applications or touch screen panels. The other type of system that robotic coffee bars install is an automated kiosks with robots. This robot resembles a big robot arm that helps in manoeuvring operations such as handling a cup and other essentials. The other type of robot used in the robotic coffee bar is the latest of all, known as a barista bot. This barista bot is much swifter, quicker, and precise compared to its predecessor.
Technology has never failed to pique interests among the consumers and the same interest is observed for robotic coffee bars. The robotic coffee bars can be found in public places, airports, and office spaces. Coming with a whole lot of advantages related to costs, hygiene, shifts, and precision in food preparation, the robotic coffee bars market is bound to grow at a very fast pace. At present, the robotic coffee bars are installed in the U.S., Japan, South Korea, and some of the European countries.
The Robotic Coffee making Arm- Boon for the Owners of the Robotic Coffee Bars but a Bane to the Unrequired Employee
The robotic arm in the robotic coffee shop is able to provide precisely identical quantity of espresso shots, milk froth, or a sweet syrup as compared to the different brew made by the employee each time. Another advantage the robot has over a human is that it can work for 24/7, doesn’t take breaks (except for refilling and cleaning), and doesn’t fall sick or take leaves. This saves up a lot of costs related to labour and operations. In addition to this, the robotic arm, also known as robotic baristas, is able to multitask by collecting data on consumer traffic and popular products while serving the coffee to its customers. The benefits that come with installing a robotic coffee arm are bound to fuel the market’s growth consequently reducing the vacancy for human employees.
Global Robotic Coffee Bars: Market Segmentation
Based on Type, robotic coffee bars can be segmented as:-
- Automated Kiosks
- Automated Kiosks with Robots
- Barista Bots
Global Robotic Coffee Bars: Key Players
Some of the key players manufacturing and using robotic coffee bars are as follows – Café X, Briggo, Rozum Robotics, KUKA Robotics, Joe Yang’s coffee shop, Cafelat, and others.
Opportunities for Global Robotic Coffee Bars Market Participants:
Initially, the market players are expected to have a strong business opportunity in developed nations of North America, Europe, and East Asia. In the later phase, targeting the metropolitan areas of developing countries would be a wiser option to capture the market presence. Top players in the coffee industry such as Starbucks, Dunkin' Donuts, and others are ought to feel the threat form this revolutionary technology, this would eventually compel them to install this technology in their joints in the near future, thereby, opening up further possible business opportunities for coffee robot manufacturers. The market players also have a huge opportunity by investing in cleaning tech to make the robotic coffee bars almost entirely dependent on human staff.
As the other businesses and markets suffered dramatically, the COVID-19 pandemic in fact turned out to be a market booster for the robotic coffee bar business. The robotic coffee bars witnessed an abrupt rise in sales in 2020 owing to the top notch service, safe customer environment, and the guaranteed safety it provided to its customers. The latest implementation of robotic coffee bar was by a South Korean coffee shop that was witnessing the problem of social distancing.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.