The ‘Global Retail Automation Market Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global retail automation market, assessing the market on the basis of its segments like components, types, implementations, end-users, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

Retail Automation Market Price, Trends, Growth, Analysis, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): Around USD 16.9 Billion
• Forecast CAGR (2023-2028): 10.20%
• Forecast Market Size (2028): Nearly USD 30.2 Billion

A major factor driving the global retail automation market is the growing preference for quick and efficient services among customers. Automation systems facilitate rapid and cost-effective transactions, removing any hassle of waiting in a queue for cash payments. Moreover, it also benefits retailers as it eliminates the requirement for manual calculations, which can result in occasional errors while providing a seamless transaction.

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POS terminals are witnessing rapid demand owing to their functionalities such as management of inventory and order, sales processing, and better customer experience. POS terminals also enable swift transactions, and error-free calculations, significantly reducing waiting times of customers.

The growing demand for barcodes and RFID in tracking and logistics is further expected to positively influence the global retail automation market growth. Advancements in RFID printing and ink technologies have eased the printing of chip-less RFID tags. Additionally, barcode and RFID ease inventory checkups and support retailers to enhance their management efficiency. Meanwhile, the increasing construction and expansion of supermarkets and retail stores are also expected to boost the adoption of automation retail systems in the coming years.

Retail Automation Industry Definition and Major Segments

Retail automation refers to the usage of technology for automating and simplifying repetitive and manual retail tasks. It does not require constant human intervention, thereby providing a seamless customer experience, minimal possibilities of error, and ease of maintenance of real-time data records.

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On the basis of component, the market is classified into:

• Hardware
• Software

Based on type, the market is segmented into:

• POS Terminal
• Barcode and RFID
• Electronic Shelf Label
• Camera
• Autonomous Guided Vehicle (AGV)
• Automatic Storage and Retrieval System (ASRS)
• Others

On the basis of implementation, the retail automation market is categorised into:

• In-Store
• Warehouse

Based on end-user, the market is classified into:

• Hypermarkets
• Supermarkets
• Single Item Stores
• Petrol Pumps/Fuel Stations
• Health and Retail Pharmacies

Based on region, the market is divided into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Retail Automation Market Trends

A key trend propelling the growth of the global retail automation market is increasing investments in technologies by retailers that can help them gain a competitive edge. Many companies have started providing retail automation at affordable prices, which is expected to further boost the implementation of automation systems by small-scale retailers.

There is an increasing implementation of radio frequency identification (RFID) at gas stations to provide cashless and wireless payment methods and proper fuel management. Customers can also link RFID tags to their payment accounts, which can be read by an RFID reader in any fuel station and petrol pump to provide a speedy transaction.

North America accounts for a substantial share of the global retail automation market owing to the presence of large retail brands and companies in Canada and the United States. Large retailers are increasingly automating their stores to improve customer service. Meanwhile, the expansion of retail chains in the Asia Pacific due to the rise in infrastructural projects and rapid urbanisation provides lucrative growth opportunities to the market.

Key Market Players

The major players in the global retail automation market report are:

• Datalogic S.p.A.
• Diebold Nixdorf Inc.
• Fujitsu Ltd.
• Honeywell International Inc.
• NCR Corporation
• Posiflex Technology Inc.
• Toshiba Global Commerce Solutions
• Zebra Technologies Corp.
• SpotOn Transact, LLC
• RapidPricer
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

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