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Retail Automation Market Size, Opportunities, Industry 2031
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Retail Automation Market Size, Opportunities, Industry 2031

Segments - Retail Automation Market by Implementations (Warehouse and In-store), Types (Autonomous Guided Vehicle (AGV), Camera, Electronic Shelf Label (ESL), Barcode & RFID, Point-of-Sale (POS), and Others), End-users (Retail Pharmacies, Fuel Stations, Single Item Stores, Supermarkets, and Hypermarkets), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

https://growthmarketreports.com/akash
Author : Akash Vedpathak
https://growthmarketreports.com/Vaibhav
Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-4496 | 4.6 Rating | 81 Reviews | 198 Pages | Format : PDF Excel PPT

Report Description


The retail automation market size was valued at USD 15.4 Billion in 2021 and is expected to reach USD 35.1 Billion by 2030, expanding at a CAGR of around 9% during the forecast period, 2022 – 2030. The growth of the market is attributed to the growing consumer desire for rapid and high-quality service.

The technology utilized in the retail industry to automate routine tasks is referred to as retail automation. It mostly consists of online retailers, service providers, and supermarkets. Examples of retail automation includes retail kiosk, self-checkout, service kiosks, and vending machines that improve productivity and save labor costs.

Retail Automation Market Outlook

Numerous advantages, including brand protection, greater operational effectiveness, and enhanced consumer satisfaction, have helped the retail automation market expand. It comprises software where managers can specify certain criteria to guarantee accurate and reliable task fulfilment.

Downtime is decreased when multiple technologies are automated concurrently and the next system is triggered as soon as one is finished. In order for a business to respond to demands more precisely and effectively, automation helps to boost its functionality and agility.

  • Increasing adoption of technology by several end-users such as retail pharmacies, fuel stations, convenience stores, supermarkets, and hypermarkets is projected to drive the market.
  • Factors such as transaction accuracy, quick transaction times, and low cost to retailers are estimated to fuel the market.
  • Lack of knowledge about the advantages of retail automation is expected to hinder the market growth.
  • Rising number of thefts has discouraged retailers adopt automation, which is restricting the market growth.
  • R&D investment and technological advancement in virtual marketing is anticipated to create immense opportunities during the forecast period.
  • The use of real-time analytics in automation is anticipated to offer lucrative opportunities for the market players.

Scope of Retail Automation Market Report

The report on the global retail automation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Retail Automation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022 – 2030

Segmentation

Implementations (Warehouse and In-store), Types (Autonomous Guided Vehicle (AGV), Camera, Electronic Shelf Label (ESL), Barcode & RFID, Point-of-Sale (POS), and Others), and End-users (Retail Pharmacies, Fuel Stations, Single Item Stores, Supermarkets, and Hypermarkets)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

First Data Corporation, Zebra Technologies, ZIH Corp., E & K Automation GmbH, Toshiba Global Commerce Solutions, Outerwall Inc., Posiflex Technology Inc., NCR Corporation, KUKA AG, Incorporated, Inc., Pricer AB, Honeywell International Inc., Fujitsu Limited, Fiserv, Diebold Nixdorf, and Datalogic S.p.A.

Retail Automation Market Segment Insights

Based on implementations, the market is bifurcated into warehouse and in-store. The in-store segment is projected to expand at a high CAGR during the forecast period. In developing countries, physical retail outlets are gradually growing in number.

Due to their simple accessibility, the large number of people prefer to purchase daily necessities from retailers in the densely populated developing regions. Thus, despite the development of e-commerce, some customers still like visiting and purchasing goods in stores. The increasing technologies in the retail sector is anticipated to attract large number of people into physical locations. Retailers have adopted automated technology in their physical stores as a result of their advantages.

Retail Automation Market Implementations

On the basis of types, the market is segregated into autonomous guided vehicle (AGV), camera, electronic shelf label (ESL), barcode & RFID, point-of-sale (POS), and others. The barcode & RFID segment is estimated to account for a major market share during the forecast period.

Retailers are able to compete with online vendors because to RFID technology, which makes routine inventory checks easier and increases inventory accuracy. Retailers need to feel confident about their inventory situation, including details like the size level and color, in order to operate a profitable business.

In terms of end-users, the market is fragmented into retail pharmacies, fuel stations, single item stores, supermarkets, and hypermarkets. The supermarkets segment is estimated to grow at a rapid pace during the forecast period.

Even though there is a huge market for technologically advanced products, cost-effective solutions are also in high demand. The expansion of the Internet of Things (IoT) and improved internet accessibility have also contributed to better Machine to Machine (M2M) communication via direct digital controls.

On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominated the market in 2021 and is projected to maintain its dominance during the forecast period owing to presence of key market players in the region. Growth of the segment is attributed to the existence of a well-developed IT infrastructure.

Retail Automation Market Regions

Segments

The global retail automation market has been segmented on the basis of

Implementations

  • Warehouse
  • In-store

Types

  • Autonomous Guided Vehicle (AGV)
  • Camera
  • Electronic Shelf Label (ESL)
  • Barcode & RFID
  • Point-of-Sale (POS)
  • Others

End-users

  • Retail Pharmacies
  • Fuel Stations
  • Single Item Stores
  • Supermarkets
  • Hypermarkets

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • First Data Corporation
  • Zebra Technologies
  • ZIH Corp.
  • E & K Automation GmbH
  • Toshiba Global Commerce Solutions
  • Outerwall Inc.
  • Posiflex Technology Inc.
  • NCR Corporation
  • KUKA AG, Inc.
  • Pricer AB
  • Honeywell International Inc.
  • Fujitsu Limited
  • Fiserv
  • Diebold Nixdorf
  • Datalogic S.p.A.

Competitive Landscape

Key players competing in the retail automation market include First Data Corporation, Zebra Technologies, ZIH Corp., E & K Automation GmbH, Toshiba Global Commerce Solutions, Outerwall Inc., Posiflex Technology Inc., NCR Corporation, KUKA AG, Inc., Pricer AB, Honeywell International Inc., Fujitsu Limited, Fiserv, Diebold Nixdorf, and Datalogic S.p.A.

Some of these players are using several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,

  • In January 2021, Leading supermarket e-commerce company Freshop was acquired by NCR Corporation.
  • In December 2020, New PoS systems were released by Posiflex Technology, Inc. The HS-3314A has a compact body, high-speed removable thermal receipt printer.
  • In March 2019, The Software Express was acquired by First Data. Through the acquisition, both companies will be able to increase their global reach, retail customers, financial institutions, and electronic payment activities.
Retail Automation Market Key Players

Frequently Asked Questions

KUKA AG, Incorporated, Inc., Pricer AB, Honeywell International Inc., Fujitsu Limited, Fiserv, Diebold Nixdorf, and Datalogic S.p.A. are some of the leading players in the retail automation market.

North America dominated the retail automation market in 2021.

The retail automation market is expected to reach USD 35.1 billion by 2030.

The retail automation market size was valued at USD 15.4 billion in 2021 and, expanding

The retail automation market is anticipated to expand at a CAGR of around 9% during the forecast period, 2022 – 2030.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Retail Automation Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Retail Automation Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Retail Automation Market - Supply Chain
  4.5. Global Retail Automation Market Forecast
     4.5.1. Retail Automation Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Retail Automation Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Retail Automation Market Absolute $ Opportunity
5. Global Retail Automation Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Retail Automation Market Size and Volume Forecast by Types
     5.3.1. Autonomous Guided Vehicle (AGV)
     5.3.2. Camera
     5.3.3. Electronic Shelf Label (ESL)
     5.3.4. Barcode & RFID
     5.3.5. Point-of-Sale (POS)
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Retail Automation Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Retail Automation Market Size and Volume Forecast by End Users
     6.3.1. Retail Pharmacies
     6.3.2. Fuel Stations
     6.3.3. Single Item Stores
     6.3.4. Supermarkets
     6.3.5. Hypermarkets
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Retail Automation Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Retail Automation Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Retail Automation Demand Share Forecast, 2019-2026
8. North America Retail Automation Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Retail Automation Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Retail Automation Market Size and Volume Forecast by Types
     8.4.1. Autonomous Guided Vehicle (AGV)
     8.4.2. Camera
     8.4.3. Electronic Shelf Label (ESL)
     8.4.4. Barcode & RFID
     8.4.5. Point-of-Sale (POS)
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Retail Automation Market Size and Volume Forecast by End Users
     8.7.1. Retail Pharmacies
     8.7.2. Fuel Stations
     8.7.3. Single Item Stores
     8.7.4. Supermarkets
     8.7.5. Hypermarkets
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Retail Automation Demand Share Forecast, 2019-2026
9. Latin America Retail Automation Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Retail Automation Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Retail Automation Market Size and Volume Forecast by Types
     9.4.1. Autonomous Guided Vehicle (AGV)
     9.4.2. Camera
     9.4.3. Electronic Shelf Label (ESL)
     9.4.4. Barcode & RFID
     9.4.5. Point-of-Sale (POS)
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Retail Automation Market Size and Volume Forecast by End Users
     9.7.1. Retail Pharmacies
     9.7.2. Fuel Stations
     9.7.3. Single Item Stores
     9.7.4. Supermarkets
     9.7.5. Hypermarkets
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Retail Automation Demand Share Forecast, 2019-2026
10. Europe Retail Automation Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Retail Automation Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Retail Automation Market Size and Volume Forecast by Types
     10.4.1. Autonomous Guided Vehicle (AGV)
     10.4.2. Camera
     10.4.3. Electronic Shelf Label (ESL)
     10.4.4. Barcode & RFID
     10.4.5. Point-of-Sale (POS)
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Retail Automation Market Size and Volume Forecast by End Users
     10.7.1. Retail Pharmacies
     10.7.2. Fuel Stations
     10.7.3. Single Item Stores
     10.7.4. Supermarkets
     10.7.5. Hypermarkets
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Retail Automation Demand Share Forecast, 2019-2026
11. Asia Pacific Retail Automation Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Retail Automation Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Retail Automation Market Size and Volume Forecast by Types
     11.4.1. Autonomous Guided Vehicle (AGV)
     11.4.2. Camera
     11.4.3. Electronic Shelf Label (ESL)
     11.4.4. Barcode & RFID
     11.4.5. Point-of-Sale (POS)
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Retail Automation Market Size and Volume Forecast by End Users
     11.7.1. Retail Pharmacies
     11.7.2. Fuel Stations
     11.7.3. Single Item Stores
     11.7.4. Supermarkets
     11.7.5. Hypermarkets
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Retail Automation Demand Share Forecast, 2019-2026
12. Middle East & Africa Retail Automation Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Retail Automation Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Retail Automation Market Size and Volume Forecast by Types
     12.4.1. Autonomous Guided Vehicle (AGV)
     12.4.2. Camera
     12.4.3. Electronic Shelf Label (ESL)
     12.4.4. Barcode & RFID
     12.4.5. Point-of-Sale (POS)
     12.4.6. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Retail Automation Market Size and Volume Forecast by End Users
     12.7.1. Retail Pharmacies
     12.7.2. Fuel Stations
     12.7.3. Single Item Stores
     12.7.4. Supermarkets
     12.7.5. Hypermarkets
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Retail Automation Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Retail Automation Market: Market Share Analysis
  13.2. Retail Automation Distributors and Customers
  13.3. Retail Automation Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. First Data Corporation
     13.4.2. Zebra Technologies
     13.4.3. ZIH Corp.
     13.4.4. E & K Automation GmbH
     13.4.5. Toshiba Global Commerce Solutions
     13.4.6. Outerwall Inc.
     13.4.7. Posiflex Technology Inc.
     13.4.8. NCR Corporat

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