Global Retail Automation Market
Global Retail Automation Market
By Implementation (Warehouse, In-store), Type (Autonomous Guided Vehicle, Automatic Storage and Retrieval, Automated Conveyor, PoS, Barcode & RFID, Electronic Shelf Labels, Camera), End User (Fuel Stations, Retail Pharmacies, Hypermarkets, Supermarkets, Single Item Stores), and Regional Market Size, Status and Forecast to 2025
The Global Retail Automation Market was valued at USD 9.32 billion in 2016 and is projected to reach USD 23.55 billion by 2025, growing at a CAGR of 10.85% from 2017 to 2025.
Retail Automation is the category of self-service, standalone kiosks in heavily trafficked locations such as airports, malls, resorts and convenience stores. Retail automation system provides the client with several benefits including - better visibility into spend & reporting insights, increase operational efficiency, ensure compliance, brand preservation, better customer experience, automation of engagement, and responsive pos.
1. Market Drivers
1.1 Increasing demand for quality and fast services
1.2 Benefits of business optimization and reduced cost to retailers
1.3 Rising demand for retail automation products
1.4 High growth potential in emerging economies
1.5 Growing adoption of new retail automation products
1.6 Evolution of augmented reality and virtual reality in retail
2. Market Restraints
2.1 Poor knowledge about terminal operability
2.2 Theft risks at unattended terminals
2.3 High dependency on the internet and electricity
The Global Retail Automation Market is segmented on the implementation, type, end user, and region.
2. By Type:
2.1 Autonomous Guided Vehicle
2.2 Automatic Storage and Retrieval
2.3 Automated Conveyor
2.5 Barcode & RFID
2.6 Electronic Shelf Labels
3. By End User:
3.1 Fuel Stations
3.2 Retail Pharmacies
3.5 Single Item Stores
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Wincor Nixdorf AG
2. First Data Corporation
3. Honeywell Scanning and Mobility
4. Posiflex Technology Inc.
5. Fujitsu Limited
6. Datalogic S.P.A.
7. NCR Corporation
8. Toshiba Global Commerce Solutions Inc.
9. Kuka AG
10. Zebra Technologies Corporation
11. Pricer AB
12. E&K Automation GmbH
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Retail Automation Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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