Robot Autonomy and the Future of Outdoor Power Equipment Retailers
Overview
Robot autonomy is poised to revolutionize the market of outdoor power equipment (OPE), with an expected boom in autonomous lawnmowers and other equipment, leading to significant changes for Outdoor Power Equipment retailers. This guide explores the statistics surrounding the rise of robot autonomy in OPE, how it impacts retailers, and potential future consequences and adjustments required. Of critical note is that, as per Grand View Research, the global robotic lawn mower market alone is predicted to grow at a CAGR of 21.9% from 2020 to 2027.
The Rise of Robot Autonomy in OPE
Automation is swiftly altering the landscape of several industries, and Outdoor Power Equipment (OPE) is no exception. Technological advancements, particularly in the robotics domain, have resulted in increasing numbers of autonomous or semi-autonomous OPE. According to Grand View Research, the global robotic lawn mower market is estimated to reach $1.3 billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027. The rising acceptance of these autonomous solutions can be attributed to their attractive benefits such as precision, efficiency, and lower labor requirements.
Impact on OPE Retailers
As autonomous equipment becomes more prevalent, OPE retailers must adjust their strategies accordingly. Not merely a sales adjustment, it also encompasses adapting their customer service and maintenance protocols. Per the Outdoor Power Equipment Institute (OPEI), autonomous equipment currently constitutes roughly 15% of the OPE market, a figure expected to rise significantly over the next decade. This shift requires retailers to be knowledgeable about the functionality and benefits of these autonomous products to effectively market and support them.
Future of OPE Retailers
Looking at future trends, the evolution of robot autonomy in OPE suggests some serious considerations for OPE retailers. They must consider investing in training employees on functionality and maintenance of these autonomous equipment. According to a study by Mordor Intelligence, this market is projected to exhibit a CAGR of over 22% during 2021-2026. Leveraging this growth will require retailers not only to update their infrastructure but also adapt to the changing needs of consumers who prefer smart, autonomous solutions.
Key Takeaways
- Robot Autonomy is expanding rapidly within the Outdoor Power Equipment market, offering potential growth opportunities for retailers.
- Autonomous equipment, including robotic lawn mowers, are expected to take up a significant market share in the coming decade.
- OPE retailers will have to adjust their sales, customer service, and maintenance strategies in alignment with this shift towards autonomous solutions.
- Retailers must consider suitable training and infrastructure updates to effectively leverage this evolving market trend.
3Laws Robotics is a technology company developing innovative software to enhance the safety and reliability of robotic systems. As robot autonomy becomes more prevalent, the need for systems guaranteeing safety is paramount. Whether it be warehouse automation, human-robot interaction, or navigating dynamic environments, 3Laws Robotics' tailored software solutions such as the 3Laws Supervisor can significantly enhance safety and efficiency.
3Laws Robotics also addresses the significant challenge of certification, a pain point for many robotics companies. Its software is built on Control Barrier Functions (CBFs), a technology developed at Caltech that provides mathematically provable safety.
With a focus on minimizing downtime caused by unnecessary e-stops or collisions, 3Laws Robotics allows robots to operate closer to their peak capabilities while ensuring safety. Compatible with popular robotics middleware such as ROS and ROS2, and adaptable across platforms, 3Laws Robotics positions itself as a next-generation safety solution for the future of Outdoor Power Equipment retailers.