Product Code: RP-ID-10075755 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: ICT & Telecom |
Report ID: 10075755
Market Overview:
Retail Automation Market SHARE, TREND, OPPORTUNITY AND FORECAST
Retail Automation Market Overview
Retail automation refers to the use of technology to automate retail locations. Retail automation is a category of self service, standalone kiosks in heavily traded locations such as, airports, malls, resorts and convenience stores. Some of the advantages of retail automation are economic improvement, reduction in labor costs and faster production.
Market Size and Forecast
Global retail automation market is anticipated to flourish at a CAGR of 12.3% during the forecast period i.e. 2017-2024. Further, the market of retail automation was valued at USD 8.96 Billion in 2016 and is projected to garner USD 23.1 Billion by the end of 2024. Factors such as, increasing business optimization are making headway for the growth of the global retail automation market. Moreover, high demand for retail automation over the traded locations is anticipated to positively impact the growth of the global retail automation market.
Regionally, North America is expected to dominate the overall market of retail automation over the forecast period. Factors such as, increasing demand for highly sophisticated retail service are anticipated to fuel the growth of the North America retail automation market over the forecast period. Further, factor such as economic progress and rising purchasing power of consumers are envisioned to increase the growth of global retail automation market in North America over the forecast period.
Europe retail automation market is poised to record the fastest growth over the forecast period. Factor such as, several retail chains and multiple product lines are anticipated to drive the growth of the global retail automation market over the forecast period in Europe. Asia Pacific retail automation market is expected to witness sustainable growth over the forecast period. Increase in development of supermarkets and hypermarkets across the countries like China, Japan and India are anticipated to drive the growth of the global retail automation market over the forecast period.
Based on end user, retail automation market is segmented into hypermarkets, supermarkets, convenience stores, fuel stations and retail pharmacies, out of which, hypermarkets and supermarkets segments are expected to dominate the overall market of retail automation over the forecast period.
Market Segmentation
Our in-depth analysis has segmented global retail automation market into the following segments:
By Product Type
Point on Scale
Service Kiosks
Self-Checkout
Barcode and RFID Technology
Vending Machines
Cameras
Electronic Shelf Labels
By End User
Supermarkets
Hypermarkets
Fuel Stations
Retail Pharmacies
Convenience Stores
By Region
Global retail automation market is further classified on the basis of region as follows:
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers and Challenges
Increase in local retail and customer response across the globe is anticipated to intensify the growth of the global retail automation market. In addition, increasing adoption of technology is anticipated to positively drive the growth of the retail automation market.
Apart from this, increasing demand of IOT over e-retail industry is anticipated to be the dynamic factor behind the growth of the retail automation market. Further, factor such as abundant investment over automation products and services is anticipated to supplement the growth of the global retail automation market. Moreover, increase in responsive point on scale systems is likely to further strengthen the growth of the global retail automation market.
However, high enslavement over electricity and maintaining an eye over kiosks are some of the key factors which are expected to limit the growth of global retail automation market in upcoming years.
Key Players
Toshiba Corporation
Company Overview
Key Product Offering
Business Strategy
SWOT Analysis
Financials
Hydra SpA
First Data Corporation
Honeywell International Inc.
NCR Corporation
Zebra Technologies Corporation
Siemens
Wincor Nixdorf
Posiflex Technologies
Scope and Context
Overview of the Parent Market
Analyst View
Segmentation
The global retail automation market is segmented as follows:
By Product Type Market Size & Y-O-Y Growth Analysis
By End User Market Size & Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment.
Related Reports
Proof of Quality & Reliability
