The “Retail Automation Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Retail Automation Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global retail automation market size was US$ 14.9 billion in 2021. The global retail automation market is forecast to grow to US$ 31.4 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.4% during the study period from 2022 to 2030. Retail automation encompasses a list of tasks, including staff management, store audits, inventory management, etc. Self-service procedures and freestanding kiosks are included in the process to enable autonomous retail establishments through software integrations.
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Factors Influencing the Market
The expansion of e-commerce throughout the world has increased delivery competition among firms. The benefits of the automated device as it standardizes visual merchandising, streamlines tracking & reporting, manages high-risk orders, etc., will contribute to the market growth. Apart from that, automated devices significantly reduce the time to manage inventory and eliminate the out-of-stock situation in the sector. Thus, it is expected to boost the growth of the global retail automation market during the forecast period. The rapidly growing retail industry will offer numerous growth opportunities for the automation retail market. Apart from that, the market will record high growth due to the growing user base on the internet. On the contrary, the high initial investment for deploying automated devices for retail space may limit the growth of the market during the forecast period.
Regional Analysis
On the basis of region, Asia Pacific would experience the highest rate of growth during the projection period. It is due to rising consumer purchasing power and the onset of digitalization in the region. Moreover, businesses and governmental organizations are reshaping their strategies and driving towards automation, which will boost the market growth during the forecast period.
The increased demand for automated services in this area is further fueled by the expansion of a smart supply chain, where data is produced by ecosystems of providers, suppliers, retailers, and distributors.
COVID-19 Impact Analysis
The COVID-19 pandemic has positively influenced the global retail automation market, owing to the rise in the demand for contact-less deliveries. Moreover, the terror of the pandemic forced people to take serious precautions, which significantly increased the user base on e-commerce platforms. Long queues outside traditional retail stores were also dangerous, and companies started adopting automated technologies to maintain the safety of the visitors. Thus, the retail automation sector witnessed sudden acceleration in the growth graph during the pandemic.
Competitors in the Market
? Honeywell International Inc.
? Fujitsu Limited
? Fiserv, Inc.
? Datalogic S.p.A.
? NCR Corporation
? Posiflex Technology Inc.
? Toshiba Global Commerce Solutions
? Zebra Technologies
? Diebold Nixdorf, Incorporated
? KUKA AG
? Other Prominent Players
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Market Segmentation
The global retail automation market segmentation focuses on Type, Implementation, End-Users, and Region.
By Type Outlook
? Point-of-Sale (POS)
? Barcode & RFID
? Electronic Shelf Label (ESL)
? Cameras
? Autonomous Guided Vehicle (AGV)
? Others
By Implementation Outlook
? In-store
? Warehouse
By End-Users Outlook
? Hypermarkets
? Supermarkets
? Single Item Stores
? Fuel Stations
? Retail Pharmacies
By Region
�?� North America
o The U.S.
o Canada
o Mexico
�?� Europe
Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
�?� Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
�?� Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
�?� South America
o Brazil
o Argentina
o Rest of South America
Retail Automation Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global Retail Automation Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global Retail Automation Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the Retail Automation Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global Retail Automation Market scenario, in terms of historical market revenues, and forecast till the year 2031.
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