Global Market for Retail Automation is Anticipated to grow at a Significant Pace i.e., USD 26.7 Billion during the Forecast Period 2021-2027

Published Date: Apr, 2022

The retail automation market is anticipated to grow at an 11.5% CAGR during 2021-2027 owing to the revolutionization of retail operations. Factors attributing to the growth of the retail automation market include rising demand to optimize businesses by retailers and reducing operational costs, increased demand for fast and quality services and rising demand for retail automation solutions globally. The adoption of innovative technologies like artificial intelligence (AI), machine learning, digital traceability, and robotics will fuel the demand for the global retail automation market during 2021-2027. Moreover, the increased purchasing power of consumers and economic growth in developed economies will further propel the growth of the retail automation market. Point-of-sale (POS), ordering software, and inventory, which manages stock and sales levels automatically, are all examples of widespread retail automation. Retail activities like procurement, data aggregation, and order fulfillment can all be automated using such technologies. Supermarkets, hypermarkets, single-item stores, and gas stations are increasingly adopting retail automation systems. Furthermore, automation aids the business's agility and functionality, allowing them to respond to requests more correctly and effectively. Nevertheless, the increased usage of artificial intelligence and augmented reality will create opportunities for major industry players in the global retail automation market.

In May 2021, Diebold Nixdorf, a global pioneer in enabling linked commerce in the retail and banking industries, has expanded its strategic partnership with bp to offer a comprehensive solution that includes hardware, software, and managed services.

The COVID-19 outbreak has resulted in lockdown in various countries and has disrupted business operations. This has resulted in the adoption of intelligent solutions like retail automation by business organizations. Furthermore, it helps in finding solutions for challenges like safety concerns, sustained revenues, shortage of labor, and supply chain management.

Browse 53 market data Tables and 35 Figures spread through 250 Pages and in-depth TOC on " Retail Automation Market by Type (POS Terminal, Self-Checkout System, Interactive Kiosk, Camera, RFID and Barcode, Electronic Shelf Labels (ESL), Autonomous Storage and Retrieval System (ASRS), Automated Conveyor, and Warehouse Robotics), by Implementation (In-Store Premises and On-Warehouse), by End User (Hypermarkets, Supermarkets, Single-Item Stores (Apparel, Consumer Electronics, Gadgets, Quick-Service Restaurant, and Automotive), Fuel Stations, and Retail Pharmacies), and Region - Global Forecast to 2027"

By type, the camera segment is anticipated to have a high CAGR during the forecast period.

Based on type, the global retail automation market is segmented into POS terminal, self-checkout system, interactive kiosk, camera, RFID and barcode, electronic shelf labels (ESL), autonomous storage and retrieval system (ASRS), automated conveyor, and warehouse robotics. The camera segment is anticipated to have a high CAGR during the forecast period due to the increased security concerns about thefts, inventory loss, administrative errors, and other security issues.  The long-term benefits of investing in cameras as a retail solution include raising shop revenues, lowering retail losses, reducing thefts, assessing employee activities, as well as knowing consumer buying behavior.

Global Retail Automation Market Segmentation Analysis

Segment

Categorization

Leading Category

Type

POS Terminal, Self-Checkout System, Interactive Kiosk, Camera, RFID and Barcode, Electronic Shelf Labels (ESL), Autonomous Storage and Retrieval System (ASRS), Automated Conveyor, and Warehouse Robotics

Diagnostic Retail Automation (Largest)

Beta Emitters (Largest)

Implementation

In-Store Premises and On-Warehouse

Thyroid Implementations (Highest)

Cardiology (Fastest)

End User

Hypermarkets, Supermarkets, Single-Item Stores (Apparel, Consumer Electronics, Gadgets, Quick-Service Restaurant, and Automotive), Fuel Stations, and Retail Pharmacies

Hospitals (High CAGR)

Region

North America, Europe, Asia-Pacific, and Rest of the World

North America (Largest)

Asia-Pacific

(High CAGR)

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“Asia-Pacific is anticipated to have significant growth during the forecast period 2021-2027.”

Asia-Pacific is anticipated to have significant growth during the forecast period owing to the rising development of supermarkets and hypermarkets in countries like China, India, and Japan and increased adoption of digitalization in the retail industry will envision the growth of the global retail automation market in Asia- Pacific region over the forecast period.

Some of the major players in the global retail automation market include Datalogic S.p.A., Diebold Nixdorf, Incorporated, ECR Software Corporation, NCR Payment Solutions, LLC, FUJITSU, Posiflex Technology, Inc., Toshiba Global Commerce Solutions, Honeywell International Inc, Zebra Technologies Corp., and KUKA AG.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Type, Implementation, End-User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Datalogic S.p.A., Diebold Nixdorf, Incorporated, ECR Software Corporation, NCR Payment Solutions, LLC, FUJITSU, Posiflex Technology, Inc., Toshiba Global Commerce Solutions, Honeywell International Inc, Zebra Technologies Corp., and KUKA AG

Global Retail Automation Market Coverage

Type Insight and Forecast 2015-2027

  • POS Terminal
  • Self-Checkout System
  • Interactive Kiosk
  • Camera
  • RFID and Barcode
  • Electronic Shelf Labels (ESL)
  • Autonomous Storage and Retrieval System (ASRS)
  • Automated Conveyor
  • Warehouse Robotics

Implementation Insight and Forecast 2015-2027

  • In-Store Premises
  • On-Warehouse

End User Insight and Forecast 2015-2027

  • Hypermarkets
  • Supermarkets
  • Single-Item Stores
    • Apparel
    • Consumer Electronics
    • Gadgets
    • Quick-Service Restaurant
  • Automotive
  • Fuel Stations
  • Retail Pharmacies

Geographical Segmentation

Retail Automation Market by Region

North America

  • By Type
  • By Implementation
  • By End User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Type
  • By Implementation
  • By End User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Type
  • By Implementation
  • By End User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Type
  • By Implementation
  • By End User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries