Retail Automation Market – Global Opportunities and Forecast, 2020-2027

 The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.

Key Drivers of the Retail Automation Market:

The rising implementation of automated technologies in the retail sector and the swift increase in demand for retail automation products among the urban population are the major factors contributing to the growth of the retail automation market in the upcoming years. Retail automation offers flexibility and ease for consumer’s solutions to the retailers by using innovative technologies. The automation process allows easy managing of business platforms, enhances efficiency, and faster sales processes in product supplies. All these factors help retailers to reduce their overall operational cost, thus promoting them to adopt retail automation to save their time and money. For example, automated guided vehicles are often used to perform heavy-lifting tasks in the warehouses, followed by production plants as these systems can constantly work with no breaks and perform repetitive tasks with improved accuracy and efficiency. The rising usage of autonomous mobile robotics (AMR) and autonomous guided vehicles (AGV) in the retail industry will encourage automation in the retail sector during the forecast period.

The increasingly hectic lifestyle and the growing economic growth, particularly in developing countries such as India and China, are promoting the consumers to change their preference towards conveniently packed food products. This significant shift in the consumer’s choice will upsurge the retailers to automate their selling process. Numerous multinational giants are heavily investing in the R&D activities to improve the virtual marketing strategies, followed by the advent of real-time analytics in the automation process which will create new opportunities in the market, thus fuelling the demand of the global market. The drastic increase in the number of airports, malls, supermarket & hypermarkets, retail pharmacies, and fuel station/petrol pumps will positively influence the increasing demand for retail automation to raise revenue and improve the customer experience. On the other edge of the spectrum, the high dependency of automated systems on electricity and the internet will hinder the growth of the market in the upcoming years.

This report splits the Retail Automation Market as follows:

By Type:

·         POS Terminal

o    Self-Checkout System

o    Interactive Kiosk

·         Camera

·         RFID and Barcode

·         Electronic Shelf Labels (ESL)

·         Autonomous Guided Vehicle (AGV)

·         Automatic Storage and Retrieval System (ASRS)

·         Automated Conveyor

·         Warehouse Robotics

By Component:

·         Hardware

o    Barcode Scanner

o    Vending Machines

o    e-POS Systems

o    Self-Scan Checkout systems

o    Others

·         Software

o    Supply Chain and Inventory Management Software

o    Workforce Management Software

o    Retails Apps and Online Store Applications

By Implementation:

·         On-Store Premise

·         On-Warehouse

By Vertical:

·         Hypermarkets

·         Supermarkets

·         Single-Item Stores

o    Apparels

o    Consumer Electronics

o    Gadgets

o    Quick-Service Restaurants

o    Automotive

·         Petrol Pumps/Fuel Stations

·         Health and Retail Pharmacy

By Region:

·         North America

o   United States of America

o   Canada

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

Competitive Landscape:

The retail automation market report also scans the competitive landscape and profiles the major players operating in the market including First Data Corporation, Diebold Nixdorf, Incorporated, Datalogic S.P.A., Honeywell Scanning & Mobility, Posiflex Technology Inc., Pricer, Toshiba Global Commerce Solutions Inc., KUKA AG, and Fujitsu Limited, NCR Corp., among others.

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