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Retail Automation Market Industry Analysis By Type (Point-Of-Sale (POS), Barcode & RFID, Electronic Shelf Label (ESL), Camera, Autonomous Guided Vehicle (AGV), And Others), Implementation (In-Store And Warehouse), And End User (Hypermarkets, Supermarkets, Single Item Stores, Fuel Stations, And Retail Pharmacies) & Region - Forecasts

  • PUBLISHED ON
  • 2024-01-01
  • NO OF PAGES
  • 277
  • CATEGORY
  • Retails & Consumer

 

Global Retail Automation Market Analysis by Component, Implementation, End-User, Type, Region and segments forecast till 2033

 

Market Overview

The retail automation market size was valued at USD 34,960 million in 2022, and is projected to reach USD 72,790 million by 2033, growing at a CAGR of 9.6%.

 

Report Scope

Report Attributes

Description

Market Forecast in 2022

USD 34,960 million

Market Forecast in 2033

USD 72,790 million

CAGR % 2023-2033

9.6%

Base Year

2022

Historic Data

2020-2021

Forecast Period

2023-2033

Report USP

Product, end-user industry, company share, company heatmap, company Capacity Technology Product capacity, growth factors and more

Key Companies

Diebold Nixdorf, Incorporated, Fiserv, Inc., Fujitsu, Honeywell International Inc., KUKA AG, NCR Corporation, Toshiba Global Commerce Solutions, Zebra Technologies Corporation, First Data Corporation, Pricer AB, Probiz Technologies Prvt Ltd., Olea Kiosks Inc., AGS Transact Technologies Ltd., Fametech Inc., SeePoint, LLC, Simbe Robotics, Inc., Arkrobot, Samsung Electronics Co. Ltd., GreyOrange pte ltd., Xerox Corporation, Tecsys Inc., Optimove Inc., Focus Softnet FZ LLC, Future Way Technical Services LLC, QR Retail Automation (Asia) Sdn Bhd, Microlistics, Napse, Vinculum Solutions Pvt. Ltd., Infoplus, Datalogic S.p.A., and Others

 

Global Retail Automation Market- Description

Retail automation is touted as the future of commerce by many. The system has been designed to automate various manual processes including book-keeping, inventory management, and accounting within the retail sector. The focus on improved customer services is expected to drive the retail automation market. The demand for retail automation is estimated to increase over time owing to several advantages it offers such as low cost, accuracy, speed and high-quality performance. The implementation of automated technologies in retail industry is one of the major factor driving the market growth.

Retail automation has revolutionized the retail operations. Technological advancements have proliferated adoption of automation in retail industries. The benefits of automated retail have increased the awareness about automation in retail operations that help optimize inventory, purchase or sales services, and others, which are expected to drive the growth of the market. For example, automated guided vehicles are adopted to perform heavy-lifting tasks in a warehouse as these systems can work continuously and perform the repetitive tasks with the same accuracy and efficiency. Hence, proliferation of autonomous mobile robotics (AMR) and autonomous guided vehicle (AGV) in the retail industry has boosted the adoption of automation, which in turn is expected to drive the growth of the global retail automation market during the forecast period.

 

Key Trends Of Global Retail Automation Market:

·         Economic Growth Of A Nation:

Growth of a nation is exponentially dependent on the buying or purchasing power of the consumers. Thus, need to increase engagement of consumers in shopping or purchasing goods has compelled the retail industry to automate its operational processes significantly. In addition, automation can reshape retail business models and provide broader value chain opportunities for players operating in the market. Therefore, factors expected to drive the growth of the global retail automation market in the coming years.

 

·         Lack Of Awareness About The Benefits Of Retail Automation:

Retail automation in developing economies is expected to restrain the growth of the global market. Furthermore, rise in R&D activities to enhance the virtual marketing scope in the retail sector is opportunistic for the global market. In addition, advent of real-time analytics in automation is further expected to provide significant revenue growth opportunities for players operating in the global market.

 

Segmental Analysis Of Global Retail Automation Market:

Based On Component:

 

 

 

    • Hardware

     o   Barcode Scanner

     o   E-POS Systems

     o   Self-Scan Checkout Systems

     o   Vending Machines

    • Software

     o   Supply chain and Inventory Management

     o   Workforce Management software

     o   Retails Apps and Online store application

    • Services

With the rising number of smartphone users each year, customers are becoming habitual of E-POS store debit or credit cards and even loyalty cards. Whilst digital payments enable easier and faster checkout. It also enables customers to track their spending budget and transactions.

 

Based On Type:

• Point-of-Sale (POS)

   o   Self-Checkout System

   o   Interactive Kiosk

• Barcode and RFID

• Electronic Shelf Label (ESL)

• Camera

• Automated Conveyor

• Automatic Storage and Retrieval System

• Autonomous Guided Vehicle (AGV)

• Warehouse Robotics

• Others

Point-of-Sale (POS) segment dominated the market and is expected to continue this trend during the forecast period. Rise in R&D has developed advanced POS systems such as RFID transponders and advanced one-click & contactless payment options, which is expected to drive the growth of the POS segment in the global retail automation market.

 

Based On Implementation:

• On-store Premise

• On-Warehouse

 

Based On End-User:

• Hypermarkets

• Supermarkets

• Single Item Stores

   o   Apparels

   o   Consumer electronics

   o   Gadgets

• Quick-service Restaurants

• Automotive

• Hospitality

• Fuel Stations

• Retail Pharmacies

 

Global retail automation market- Geographical ambit

The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Asia Pacific, Latin America, and Europe. Among these, North America dominated the overall retail automation market share, as several major players are operating from this region, owing to availability of well-developed IT infrastructure. Asia-Pacific is expected to exhibit high growth in terms of CAGR in the coming years owing to rise in adoption of digitalization in the retail industry in the region.

 

Global Retail Automation Market- Recent Developments

·         In February 2023, NCR Corporation, a leading provider of retail automation solutions, announced that it had acquired Zynstra, a UK-based provider of edge computing software for retail and hospitality businesses. The acquisition will enable NCR to offer a more comprehensive range of retail automation solutions.

·         In January 2023, Walmart announced that it had installed more than 1,000 autonomous floor-cleaning robots in its stores across the US, as part of its efforts to improve store operations and customer experience through retail automation.

 

Global Retail Automation Market: Company Profiles

·         Diebold Nixdorf

·         Incorporated

·         Fiserv, Inc.

·         Fujitsu

·         Honeywell International Inc.

·         KUKA AG

·         NCR Corporation

·         Toshiba Global Commerce Solutions

·         Zebra Technologies Corporation

·         First Data Corporation

·         Pricer AB

·         Probiz Technologies Prvt Ltd.

·         Olea Kiosks Inc.

·         AGS Transact Technologies Ltd.

·         Fametech Inc.

·         SeePoint, LLC

·         Simbe Robotics, Inc.

·         Arkrobot

·         Samsung Electronics Co. Ltd.

·         GreyOrange pte ltd.

·         Xerox Corporation

·         Tecsys Inc.

·         Optimove Inc.

·         Focus Softnet FZ LLC

·         Future Way Technical Services LLC

·         QR Retail Automation (Asia) Sdn Bhd

·         Microlistics

·         Napse

·         Vinculum Solutions Pvt. Ltd.

·         Infoplus

·         Datalogic S.p.A.

·         Others

 

Global Retail Automation Market: Regional Scope          

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         U.K.

·         Germany

·         France

·         Italy

·         Spain

·         Rest of Europe

Asia Pacific

·         China

·         India

·         Japan

·         South Korea

·         Australia

·         Rest of Asia Pacific

South America

·         Brazil

·         Argentina

·         Rest of South America

Middle East and Africa

·         Saudi Arabia

·         UAE

·         Egypt

·         South Africa

·         Rest of Middle East and Africa

 

Why to buy this Report?

Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of the market they are operating in or considering entering, and make more informed decisions based on data and analysis.

Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in the market.

Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.

Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

1. Global Retail Automation Market Introduction and Market Overview

1.1. Objective of the Market Research Study

1.2. Retail Automation Market Definition & Description

1.3. Research Data Parameters & Reporting Timelines

1.3.1. Historical Data Reporting Years – 2020 to 2021

1.3.2. Projected Data Reporting Years – 2022 to 2033

1.3.3. Reporting Data Parameters – Value (US$ Million)

1.4. Global Retail Automation Market Scope and Market Estimation

1.4.1. Global Retail Automation Overall Market Size (US$ Million), Market CAGR (%), Market Estimates & Forecast (2020 to 2033)

1.4.2. Global Retail Automation Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2020 to 2033

1.5. Retail Automation Market Segmentation

1.5.1. Component of Global Retail Automation Market

1.5.2. Type of Global Retail Automation Market

1.5.3. Implementation of Global Retail Automation Market

1.5.4. End User of Global Retail Automation Market

1.5.5. Key Regions of Global Retail Automation Market

 

2. Global Retail Automation Market - Executive Summary

2.1. Global Retail Automation Market – Summary & Snapshot

2.2. Global Retail Automation Market, By Component (US$ Million)

2.3. Global Retail Automation Market, By Type (US$ Million)

2.4. Global Retail Automation Market, By Implementation (US$ Million)

2.5. Global Retail Automation Market, By End User (US$ Million)

2.6. Global Retail Automation Market, By Geography (US$ Million)

2.7. Global Retail Automation Market Outlook & Future Opportunities

 

3. Retail Automation Market Trends, Outlook, and Factors Analysis

3.1. Global Retail Automation Market Industry Development Trends under COVID-19 Outbreak

3.1.1. Global COVID-19 Status Overview

3.1.2. Influence of COVID-19 Outbreak on Global Retail Automation Market Industry Development

3.1.3. Pre & Post COVID-19 Trends and Scenarios

3.2. Retail Automation Market Dynamics (Growth Impacting Factors & Rationales)

3.2.1. Drivers

3.2.1.1. Rise in demand for business process optimization in the retail industry

3.2.1.2. Globalization of e-commerce coupled with advent of IoT

3.2.1.3. Growing purchasing power of consumers and economic growth in developing regions

3.2.2. Restraints

3.2.2.1. High initial investment needed to deploy automation in retail

3.2.3. Opportunities

3.2.3.1. Technological advancements with real-time data and analytics

3.2.4. Impact Analysis of Drivers and Restraints

3.3. Ecosystem/ Value Chain Analysis

3.4. Porter’s Five Forces Analysis

3.5. SWOT Analysis

3.6. PEST Analysis

3.7. Average Selling Prices and Pricing Trends Analysis of Retail Automation Market

3.8. Technological Roadmap

3.9. Key Investment Pockets of Retail Automation Market

3.9.1. By Component

3.9.2. By Type

3.9.3. By Implementation

3.9.4. By End User

3.9.5. By Regions

 

4. Global Retail Automation Market: Estimates & Historic Trend Analysis (2020 to 2021)

4.1. Global Retail Automation Market, 2020 – 2021 (US$ Million)

4.2. Global Retail Automation Market, By Component, 2020 to 2021 (US$ Million)

4.3. Global Retail Automation Market, By Type, 2020 to 2021 (US$ Million)

4.4. Global Retail Automation Market, By Implementation, 2020 to 2021 (US$ Million)

4.5. Global Retail Automation Market, By End User, 2020 to 2021 (US$ Million)

4.6. Global Retail Automation Market, By Region, 2020 to 2021 (US$ Million)

 

5. Global Retail Automation Market Estimates & Forecast Trend Analysis, by Component

5.1. Global Retail Automation Market Share (%) Estimates and Forecasts, by Component, 2022 & 2033

5.2. Global Retail Automation Market Revenue (US$ Million) Estimates and Forecasts, by Component, 2022 to 2033

5.2.1. Hardware

5.2.1.1. Barcode Scanner

5.2.1.2. Vending Machines

5.2.1.3. e-POS Systems

5.2.1.4. Self Scan Checkout systems

5.2.1.5. Others

5.2.2. Software

5.2.2.1. Supply Chain and Inventory management software

5.2.2.2. Workforce management software

5.2.2.3. Retails Apps and online store applications

5.2.3. Services

 

6. Global Retail Automation Market Estimates & Forecast Trend Analysis, by Type

6.1. Global Retail Automation Market Share (%) Estimates and Forecasts, by Type, 2022 & 2033

6.2. Global Retail Automation Market Revenue (US$ Million) Estimates and Forecasts, by Type, 2022 to 2033

6.2.1. Point-of-Sale (POS)

6.2.1.1. Self-Checkout System

6.2.1.2. Interactive Kiosk

6.2.2. Barcode & RFID

6.2.3. Electronic Shelf Label (ESL)

6.2.4. Camera

6.2.5. Autonomous Guided Vehicle (AGV)

6.2.6. Automatic Storage and Retrieval System

6.2.7. Automated Conveyor

6.2.8. Warehouse Robotics

6.2.9. Others

 

7. Global Retail Automation Market Estimates & Forecast Trend Analysis, by Implementation

7.1. Global Retail Automation Market Share (%) Estimates and Forecasts, by Implementation, 2022 & 2033

7.2. Global Retail Automation Market Revenue (US$ Million) Estimates and Forecasts, by Implementation, 2022 to 2033

7.2.1. On-Store Premise

7.2.2. On-Warehouse

 

8. Global Retail Automation Market Estimates & Forecast Trend Analysis, by End User

8.1. Global Retail Automation Market Share (%) Estimates and Forecasts, by End User, 2022 & 2033

8.2. Global Retail Automation Market Revenue (US$ Million) Estimates and Forecasts, by End User, 2022 to 2033

8.2.1. Hypermarkets

8.2.2. Supermarkets

8.2.3. Single Item Stores

8.2.3.1. Apparels

8.2.3.2. Consumer Electronics

8.2.3.3. Gadgets

8.2.3.4. Quick-Service Restaurants

8.2.4. Automotive

8.2.5. Fuel Stations

8.2.6. Hospitality

8.2.7. Retail Pharmacies

 

9. Global Retail Automation Market Analysis and Forecast, by Region

9.1. Global Retail Automation Market Share (%) Estimates and Forecasts, by Region, 2022 & 2033

9.2. Global Retail Automation Market Revenue (US$ Million) Estimates and Forecasts, by Region, 2022 to 2033

9.2.1. North America

9.2.2. Europe

9.2.3. Asia Pacific

9.2.4. Middle East and Africa

9.2.5. Latin America

 

10. North America Retail Automation Market: Estimates & Forecast Trend Analysis

10.1. North America Retail Automation Market Assessments & Key Findings

10.2. North America Retail Automation Market Share (%) Estimates and Forecasts, 2022 & 2033

10.3. North America Retail Automation Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

10.3.1. By Component

10.3.2. By Type

10.3.3. By Implementation

10.3.4. By End User

10.3.5. By Major Country

10.3.5.1. The U.S.

10.3.5.2. Canada

 

11. Europe Retail Automation Market: Estimates & Forecast Trend Analysis

11.1. Europe Retail Automation Market Assessments & Key Findings

11.2. Europe Retail Automation Market Share (%) Estimates and Forecasts, 2022 & 2033

11.3. Europe Retail Automation Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

11.3.1. By Component

11.3.2. By Type

11.3.3. By Implementation

11.3.4. By End User

11.3.5. By Major Country

11.3.5.1. Germany

11.3.5.2. The U.K.

11.3.5.3. France

11.3.5.4. Italy

11.3.5.5. Spain

11.3.5.6. Rest of Europe (includes all other European countries)

 

12. Asia Pacific Retail Automation Market: Estimates & Forecast Trend Analysis

12.1. Asia Pacific Retail Automation Market Assessments & Key Findings

12.2. Asia Pacific Retail Automation Market Share (%) Estimates and Forecasts, 2022 & 2033

12.3. Asia Pacific Retail Automation Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

12.3.1. By Component

12.3.2. By Type

12.3.3. By Implementation

12.3.4. By End User

12.3.5. By Major Country

12.3.5.1. China

12.3.5.2. Japan

12.3.5.3. India

12.3.5.4. ASEAN

12.3.5.5. South Korea

12.3.5.6. Rest of Asia Pacific (includes all other Asia Pacific countries)

 

13. Middle East & Africa Retail Automation Market: Estimates & Forecast Trend Analysis

13.1. Middle East & Africa Retail Automation Market Assessments & Key Findings

13.2. Middle East & Africa Retail Automation Market Share (%) Estimates and Forecasts, 2022 & 2033

13.3. Middle East & Africa Retail Automation Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

13.3.1. By Component

13.3.2. By Type

13.3.3. By Implementation

13.3.4. By End User

13.3.5. By Major Country

13.3.5.1. GCC

13.3.5.2. South Africa

13.3.5.3. Egypt

13.3.5.4. Rest of Middle East & Africa (includes all other Middle East & Africa countries)

 

14. Latin America Retail Automation Market: Estimates & Forecast Trend Analysis

14.1. Latin America Market Assessments & Key Findings

14.2. Latin America Retail Automation Market Share (%) Estimates and Forecasts, 2022 & 2033

14.3. Latin America Retail Automation Market Size Estimates and Forecast (US$ Million) (2022 to 2033)

14.3.1. By Component

14.3.2. By Type

14.3.3. By Implementation

14.3.4. By End User

14.3.5. By Major Country

14.3.5.1. Brazil

14.3.5.2. Mexico

14.3.5.3. Rest of Latin America (includes all other Latin America countries)

 

15. Competitive Landscape

15.1. Retail Automation Market Revenue Share Analysis (%), by Major Players (2021)

15.2. Retail Automation Market Competition Matrix, by Leading Players

15.3. Retail Automation List of Emerging, Prominent and Leading Players

15.4. Major Mergers & Acquisitions, Partnership, Joint Venture, Expansions, Deals, Recent Developments, etc.

 

16. Company Profiles

16.1. Datalogic S.p.A.

16.1.1. Company Overview & Insights

16.1.2. Financial Performance

16.1.3. Product / Service Portfolio

16.1.4. Geographical Footprint & Share

16.1.5. Strategic Initiatives & Key Developments

*Similar details would be provided for all the players mentioned below

16.2. Diebold Nixdorf, Incorporated

16.3. Fiserv, Inc.

16.4. Fujitsu

16.5. Honeywell International Inc.

16.6. KUKA AG

16.7. NCR Corporation

16.8. Toshiba Global Commerce Solutions

16.9. Zebra Technologies Corporation

16.10. First Data Corporation

16.11. Pricer AB

16.12. Probiz Technologies Prvt Ltd.

16.13. Olea Kiosks Inc.

16.14. AGS Transact Technologies Ltd.

16.15. Fametech Inc.

16.16. SeePoint, LLC

16.17. Simbe Robotics, Inc.

16.18. Arkrobot

16.19. Samsung Electronics Co. Ltd.

16.20. GreyOrange pte ltd.

16.21. Xerox Corporation

16.22. Tecsys Inc.

16.23. Optimove Inc.

16.24. Focus Softnet FZ LLC

16.25. Future Way Technical Services LLC

16.26. QR Retail Automation (Asia) Sdn Bhd

16.27. Microlistics

16.28. Napse

16.29. Vinculum Solutions Pvt. Ltd.

16.30. Infoplus

16.31. Others

 

17. Assumptions and Research Methodology

17.1. Data Mining

17.2. Secondary Research

17.3. Primary Research

17.4. Subject Matter Expert Advice

17.5. Quality Check

17.6. Final Review

17.7. Data Triangulation

17.8. Bottom-Up Approach

17.9. Top Down Approach

17.10. Research Flow

17.11. Key Insights from Industry Experts

17.12. Data Sources

17.13. Assumptions

17.14. Limitations

 

18. Conclusions and Recommendations

18.1. Key Research Findings and Conclusion

18.2. Key Insights & Recommendations from Analysts

 

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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