The GMI Research expects the retail automation market to expand at a significant rate. From a regional perspective, North America is projected to dominate the market due to the growing living standards and the strong demand for advanced and cost-effective retail services across the region.
Request for a FREE Sample Report on Retail Automation Market
Retail Automation Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the significant factors surging the growth of the retail automation market size include the strong demand for retail automation products in the urban population and the growing introduction of automated technologies in the retail industry. Retail automation offers flexibility and ease for consumer’s solutions to the retailers by utilizing innovative technologies. The automation process allows easy managing of business platforms, enhances product supplies efficiency, and leads to faster sales processes. All these factors help retailers decrease their overall operational cost, thus promoting them to opt for retail automation to save their money and time. For example, automated guided vehicles are utilized to perform heavy-lifting tasks in the warehouses and production plants as these systems can continuously work with no breaks and perform repetitive tasks with improved efficiency and correctness. The rising use of autonomous mobile robotics (AMR) and autonomous guided vehicles (AGV) in the retail sector will encourage to opt for retail automation industry during the forecast period.
The rapid economic growth, the increasingly hectic lifestyle, particularly in emerging countries, including China and India, are promoting the consumers to significantly shift their preference towards conveniently packed food products. This drastic shift in the consumer’s choice will fuel the retailers to automate their selling process. Several multinational organizations are rapidly investing in research and development activities to improve the virtual marketing strategies, followed by the introduction of real-time analytics in the automation process will further open new doors for the growth of the market during the forecast period. The significant increase in the number of airports, malls, petrol pumps/fuel stations, supermarket & hypermarkets, and retail pharmacies will further contribute to the demand for retail automation to raise revenue and improve the customer experience. On the other edge of the spectrum, the factor hindering the growth of the market in the upcoming years includes the rising dependency of automated systems on electricity and the internet.
Retail Automation Market’s leading Manufacturers:
- Datalogic S.P.A.
- First Data Corporation
- Diebold Nixdorf, Incorporated
- Honeywell Scanning & Mobility
- Fujitsu Limited
- NCR Corp.
- Posiflex Technology Inc.
- Pricer
- Toshiba Global Commerce Solutions Inc.
- KUKA AG
Retail Automation Market Segmentation:
Segmentation by Type:
- POS Terminal
- Self-Checkout System
- Interactive Kiosk
- Camera
- RFID and Barcode
- Electronic Shelf Labels (ESL)
- Autonomous Guided Vehicle (AGV)
- Automatic Storage and Retrieval System (ASRS)
- Automated Conveyor
- Warehouse Robotics
Segmentation by Component:
- Hardware
- Barcode Scanner
- Vending Machines
- e-POS Systems
- Self-Scan Checkout systems
- Others
- Software
- Supply Chain and Inventory Management Software
- Workforce Management Software
- Retails Apps and Online Store Applications
Segmentation by Implementation:
- On-Store Premise
- On-Warehouse
Segmentation by Vertical:
- Hypermarkets
- Supermarkets
- Single-Item Stores
- Apparels
- Consumer Electronics
- Gadgets
- Quick-Service Restaurants
- Automotive
- Petrol Pumps/Fuel Stations
- Health and Retail Pharmacy
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
