Retail Automation Market Research Report
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.
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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
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
Segmentation
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
Segmentation
by Implementation:
·
On-Store Premise
·
On-Warehouse
Segmentation
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
Segmentation
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)
About GMI Research
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