Global Retail Automation Market, By Component (Hardware, Software), Type (Point of Sales, Barcode & 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), Country (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) Industry Trends and Forecast to 2028
The retail automation market is expected to witness market growth at a rate of 10.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on retail automation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of product in various industries globally is escalating the growth of retail automation market.
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.
The rise in demand for automation products in retail across the globe acts as one of the major factors driving the growth of retail automation market. The increase in the adoption of retail automation owning to the several advantages it offers such as low cost, accuracy, speed and high-quality performance, and high implementation of automated technologies in retail industry accelerate the market growth. The increase in use of automation to automate various manual processes such as inventory management, book-keeping, and accounting within the retail sector, and surge in the demand for quality and fast service further influence the market. Additionally, rising digitization, expansion of end use industry, concerns regarding security risks, such as theft and inventory loss, and emergence of industry 4.0 positively affect the retail automation market. Furthermore, rise in adoption of cloud-based POS system extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, the dependency on the internet and electricity and lack of awareness are expected to obstruct the market growth. Lack of skilled personnel is projected to challenge the retail automation market in the forecast period of 2021-2028.
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 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.
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 among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the retail automation market is segmented into hardware and software. Hardware is further segmented into barcode scanner, vending machines, e-pos systems, self-scan checkout systems and others. Software is further segmented into supply chain and inventory management software, workforce management software, and retails apps and online store applications.
- On the basis of type, the retail automation market is segmented into point of sales, barcode & rfid, electronic shelf labels, cameras, autonomous guided vehicle, automatic storage and retrieval system, automated conveyor, warehouse robotics and others.
- On the basis of implementation, the retail automation market is segmented into on-store premise and on-warehouse.
- On the basis of end user, the retail automation market is segmented into hypermarkets, supermarkets, single item stores, petrol pumps/fuel stations, hospitality, and retail pharmacies. Single-item stores are further segmented into apparels, consumer electronics, gadgets, quick-service restaurant and automotive.
Retail Automation Market Country Level Analysis
The retail automation market is analyzed and market size, volume information is provided by country, component, type, implementation and end user as referenced above.
The countries covered in the retail automation market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the retail automation market due to the high adoption of advanced technology and well-established infrastructure within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the expansion of large-scale retailers 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 Share Analysis
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, regional presence, 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.
The major players covered in the retail automation market report are Datalogic S.p.A., First Data Corporation, FUJITSU, Honeywell International Inc., NCR Corporation, Zebra Technologies Corp., Pricer AB, Posiflex Technology, Inc., Diebold Nixdorf, Incorporated, Toshiba Global Commerce Solutions, Probiz Technologies Prvt Ltd., E&K Automation GmbH, KUKA AG, Olea Kiosks Inc., inMarket, POS Company, AGS Transact Technologies Ltd., Fametech Inc., SeePoint, LLC, Simbe Robotics, Inc., Arkrobot, and GreyOrange pte ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Retail Automation Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.