Sold by: Next Move Strategy Consulting
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Next Move Strategy Consulting, a leading market research firm, has released a comprehensive study projecting the global Retail Automation Market to reach a value of USD 33.02 billion by 2030, with a CAGR of 11.67%. The report, which analyzes market dynamics, trends, competitive landscape, and geographical insights, highlights the significant factors driving and restraining market growth.
Overview
Retail automation is the amalgamation of technologies deployed to semi-automate or fully-automate the retail stores or warehouses, benefitting retailers with increased operational efficacy, reduced errors, quick & easy access, higher precisions, minimal human intervention, and consequently decreased labor cost.
The global retail landscape is undergoing a transformative shift, fueled by the increasing adoption of digital technologies and changing consumer behaviors. The surge in online shopping, with approximately 1.8 billion people making purchases online amounting to $2.8 trillion in 2018, is expected to propel the retail automation market forward. Forecasts suggest this figure will rise to $4.8 trillion by 2021, creating new opportunities for market growth.
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Factors such as the demand for merchandise optimization, the widespread adoption of AI, IoT, API, and robotics technologies, the emergence of logistic warehousing, and the growing trend of e-commerce and m-commerce are driving the expansion of the retail automation market. However, challenges such as high installation and maintenance costs, as well as a lack of awareness in budding economies, may impede market growth.
Competitive Landscape The retail automation industry boasts a highly competitive landscape, with key players including Diebold Nixdorf, Incorporated, Datalogic S.p.A., Fujitsu Limited, Fiserv, Inc., KUKA AG, Honeywell International Inc., Posiflex Technology Inc., NCR Corporation, Zebra Technologies, and Toshiba Global Commerce Solutions. These players are leveraging strategies such as product launches, acquisitions, and technical collaborations to strengthen their positions in the global market.
Market Segmentations and Scope of the Study The global retail automation market is segmented based on type, implementation, end-user, and geography. Types of automation analyzed include Barcode & RFID, Point-of-Sale (POS), Camera, Electronic Shelf Label (ESL), Autonomous Guided Vehicle (AGV), and others. The market is further divided based on implementation into in-store and warehouse automation. End-users of retail automation comprise hypermarkets, supermarkets, single-item stores, fuel stations, and retail pharmacies. Geographical analysis includes regions such as North America, Europe, Asia-Pacific, and RoW.
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Geographical Analysis North America has historically dominated the global retail automation market and is poised to maintain its leadership position, driven by well-established retail infrastructures, the presence of key manufacturers, and a large consumer base. Meanwhile, Asia Pacific is expected to witness rapid growth, fueled by increasing per-capita disposable income, evolving consumer preferences, digital transformations, and technological advancements.
The report provides valuable insights for stakeholders, investors, and market players aiming to capitalize on the lucrative opportunities offered by the retail automation market.
Access full report: https://www.nextmsc.com/report/retail-automation-market
About Next Move Strategy Consulting: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider committed to delivering high-quality market research reports. We assist multinational companies in gaining a competitive edge and expanding their industry presence by capturing a larger market share. Our research methodology combines primary research, secondary research, data mining, and data analytics to deliver reliable insights.
Over a decade, we have served over 1,000 global customers, including 90% of Fortune 500 companies. Our analysts constantly monitor high-growth markets and uncover hidden opportunities in various sectors. We offer top-quality syndicated and custom research reports across ten different industry verticals, catering to your unique business needs. Our industry-standard delivery solutions, from pre-consultation to after-sales services, ensure an exceptional client experience and support informed strategic decision-making.
Contact Us:
Next Move Strategy Consulting E-Mail: info@nextmsc.com Direct: +1-217-650-7991 Website: https://www.nextmsc.com/
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