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
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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
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