The global retail automation market size is expected to be worth around US$ 25.17 billion by 2030, according to a new report by Vision Research Reports.
The global retail automation market size was valued at US$ 9.90 billion in 2020 and is anticipated to grow at a CAGR of 9.7 during forecast period 2021 to 2030.
|Market Size||US$ 25.17 Bn by 2030|
|Growth Rate||CAGR of 9.7% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, End-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Datalogic S.P.A (Italy), Diebold Nixdorf, Incorporated (U.S.), First Data Corporation (U.S.), Fujitsu Limited (Japan), Honeywell International Inc. (U.S.), NCR Corporation (Georgia), Outerwall Inc. (U.S.), Pricer (Sweden), Toshiba Global Commerce Solutions, Inc. (U.S.), and ZIH Corp. (U.S.).|
The rising demand for features such as business optimization and improvement in service quality offered by retail automation is expected to propel the global market growth over the forecast period.
Automation is gaining significance as retailers are using a combination of mobile devices, self-checkout systems, digital kiosks, proximity beacons, and workforce and task management solutions to remain competitive in the market. Moreover, the market is expected to witness growth in the future owing to the growing adoption of the technology by a number of end users, such as hypermarkets, supermarkets, convenience stores, fuel stations, and retail pharmacies.
By Product Analysis
Based on product, the retail automation has been segmented into barcode and Radio-frequency identification (RFID), point of sale (POS), cameras, electronic shelf labels, autonomous guided vehicles, and others.
Self-checkout terminals have grown substantially due to the benefits that they offer for retailers in improving the customer experience.
RFID technology is enabling retailers to compete with online sellers as it helps facilitate regular inventory checks, which in turn leads to inventory accuracy.
By End-User Analysis
Based on end users, the market has been segmented into hypermarkets, supermarkets, convenience stores, fuel stations, and retail pharmacies.
The supermarket segment is anticipated to witness significant growth in the market by 2030. While there is an enormous demand for technologically advanced solutions, the need for cost-effective solutions has also increased.
Retail automation technology is witnessing increasing demand among the growing urban population since it offers improved service quality and instant access to everything ranging from carts to food.
By Regional Analysis
The North American region is estimated to remain the key regional segment over the forecast period, owing to well-established manufacturers and a large consumer base. The region accounted for the largest revenue share and is expected to grow at a CAGR of more than 7% from 2021 to 2030.
The Asia Pacific region is witnessing a rise in disposable income, which in turn is expected to drive market growth. Innovative technologies such as artificial intelligence (AI), machine learning, digital traceability, and robotics are the key factors driving the demand for retail automation over the projected period.
The market in South America is also expected to be promising over the forecast period, owing to falling inflation and the drop in interest rates. The increased demand for POS systems has significantly driven the growth of the regional market
Datalogic S.P.A (Italy), Diebold Nixdorf, Incorporated (U.S.), First Data Corporation (U.S.), Fujitsu Limited (Japan), Honeywell International Inc. (U.S.), NCR Corporation (Georgia), Outerwall Inc. (U.S.), Pricer (Sweden), Toshiba Global Commerce Solutions, Inc. (U.S.), and ZIH Corp. (U.S.).
Barcode and RFID
Electronic Shelf Labels
Autonomous Guided Vehicles
The Retail Automation market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Retail Automation market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Retail Automation market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Retail Automation market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Retail Automation market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Retail Automation capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Retail Automation by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Retail Automation market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Retail Automation market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Retail Automation market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Retail Automation industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Retail Automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Retail Automation market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Retail Automation market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Retail Automation market. These factors have benefited the growth of the global market for Retail Automation. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Retail Automation. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Retail Automation are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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