Global Retail Automation Market, By Component (Hardware, Software), Type (Point of Sales, Barcode and RFID, Electronic Shelf Labels, Cameras, Autonomous Guided Vehicle, Automatic Storage and Retrieval System, Automated Conveyor, Warehouse Robotics, Others), Implementation (On-Store Premise, On-Warehouse), End User (Hypermarkets, Supermarkets, Single Item Stores, Petrol Pumps/Fuel Stations, Hospitality, Retail Pharmacies) - Industry Trends and Forecast to 2029
Market Analysis and Size
Retail automation assist in processing a triggering responses, communicating with other digital systems transaction, and manipulating data. The implementation of this software offer benefits such as lower operational risk, reduced cost, better customer experience, and improved efficiency.
Global retail automation market was valued at USD 15.29 billion in 2021 and is expected to reach USD 34.23 billion by 2029, registering a CAGR of 10.60% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Retail automation refers to the type of technology that operates as a fully automatic retail stores with the integrations of software. The retail automation consumes less time in purchasing and consumers can browse the products using a touchscreen interface. The retail automation enables the selection of the product of their choice to proceed to pay for it using debit or credit card.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to –2014- 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Component (Hardware, Software), Type (Point of Sales, Barcode and RFID, Electronic Shelf Labels, Cameras, Autonomous Guided Vehicle, Automatic Storage and Retrieval System, Automated Conveyor, Warehouse Robotics, Others), Implementation (On-Store Premise, On-Warehouse), End User (Hypermarkets, Supermarkets, Single Item Stores, Petrol Pumps/Fuel Stations, Hospitality, Retail Pharmacies)
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
Market Players Covered
Datalogic S.p.A. (Italy), First Data Corporation (US), FUJITSU (Japan), Honeywell International Inc. (US), NCR Corporation (US), Zebra Technologies Corp. (US), Pricer AB (Sweden), Posiflex Technology, Inc. (Taiwan), Diebold Nixdorf, Incorporated (US), Toshiba Global Commerce Solutions (US), E&K Automation GmbH (Germany), KUKA AG (Germany), Olea Kiosks Inc. (US), inMarket (US), POS Company (US), AGS Transact Technologies Ltd. (India), Fametech Inc. (Taiwan), SeePoint, LLC (US), Arkrobot (India), and GreyOrange pte ltd. (US), among others
Retail Automation Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Shift in Company Business Operations
The rise in shift in company business operations because of the pandemic-induced work-from-home is one of the major factors driving the growth of retail automation market. Also, the integration of cognitive technologies along with change in business processes across enterprises has a positive impact on the market.
- Need for Automating Redundant Tasks
The increase in need for automating redundant tasks accelerate the market growth. Automation induces execution, arrangement of the large volume of data in less time and quick implementation compared to mechanical procedure and reduces overhead expense for enterprises.
- Adoption of Advanced technologies
The rise in integration of retail automation with machine learning to help in advancing the capabilities of software bots further influence the market. Artificial Intelligence (AI) in RPA offers enhanced business insights, and improved data integrity.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the retail automation market.
Furthermore, emergence of industry 4.0 extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for robotic process automation in the logistics industry will further expand the market.
On the other hand, the dependency on the internet and electricity and lack of awareness are expected to obstruct market growth. Also, lack of skilled personnel is projected to challenge the retail automation market in the forecast period of 2022-2029.
This retail automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on retail automation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Retail Automation Market
The COVID-19 has impacted retail automation market. The limited investment costs and lack of employees hampered sales and production of retail automation market technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the hardware and software as it targeted the right audience. The increase in number of enterprises the globe is expected to further drive the market growth in the post-pandemic scenario.
Global Retail Automation Market Scope and Market Size
The retail automation market is segmented on the basis of component, type, implementation and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Barcode Scanner
- Vending Machines
- E-Pos Systems
- Self-Scan Checkout Systems
- Supply Chain and Inventory Managements Software
- Workforce Management Software
- Retails Apps and Online Store Applications
- Point of Sales
- Barcode and RFID
- Electronic Shelf Labels
- Autonomous Guided Vehicle
- Automatic Storage and Retrieval System
- Automated Conveyor
- Warehouse Robotics
- On-Store Premise
- Single Item Stores
- Petrol Pumps/Fuel Stations
- Retail Pharmacies
Retail Automation Market Regional Analysis/Insights
The retail automation market is analyzed and market size insights and trends are provided by country, component, type, implementation and end user as referenced above.
The countries covered in the retail automation market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
Asia-Pacific dominates the retail automation market because of the high penetration rate of process management and automation solutions among enterprises within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 because of the proliferation of technology in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Retail Automation Market
The 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.
Some of the major players operating in the retail automation market are
- Datalogic S.p.A. (Italy)
- First Data Corporation (US)
- FUJITSU (Japan)
- Honeywell International Inc. (US)
- NCR Corporation (US)
- Zebra Technologies Corp. (US)
- Pricer AB (Sweden)
- Posiflex Technology, Inc. (Taiwan)
- Diebold Nixdorf Incorporated (US)
- Toshiba Global Commerce Solutions (US)
- E&K Automation GmbH (Germany)
- KUKA AG (Germany)
- Olea Kiosks Inc. (US)
- inMarket (US)
- POS Company (US)
- AGS Transact Technologies Ltd. (India)
- Fametech Inc. (Taiwan)
- SeePoint, LLC (US)
- Arkrobot (India)GreyOrange pte ltd. (US)
Research Methodology: Global Retail Automation Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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