The Asia-Pacific retail automation market is expected to have the highest CAGR of 15.3% during the forecast period. The growth of the Asia-Pacific market can be attributed primarily to the increasing retailing sector, the rapid rise of e-commerce start-ups, and the influx of foreign players in the market. Secondary growth factors include increasing urbanization, disposable income, and growing economy that have also been contributing to remarkable growth in the Asia-Pacific retail automation market in the last few years. Investors in the region perceive retail to be a field that will have sizeable returns. Over the last decade, the industrial sector in Asia has grown by an average of more than 100 basis points each year, because of stronger income returns. As the retail sector matures in the Asia-Pacific, its performance is expected to match markets like that of the UK.

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The retail automation market is segmented based on components and end-user. Based on the component, the retail automation market is segmented into hardware and software. To sub-segmentize, the hardware is based on RFID and barcode scanner, POS systems, vending machines, self-scan checkout systems, other hardware types. Software is further evaluated as workforce management software, supply chain, inventory management software, retails apps, and online store applications. Based on this, the market is classified into supermarkets/hypermarkets, convenience stores, fuel stations, and others. Online retailing in the Asia-Pacific has perceived an exceptional rise in the last few years, especially due to the outbreak of the COVID-19 pandemic. This growth in online retailing has caused the e-retailers to adopt automation solutions for their platforms to enhance efficiency and profit returns. 

Country-wise, the market is segmented into China, Japan, India, and the Rest of Asia-Pacific. China is anticipated to lead the way with increasing industrialization and retailing. Although China is a major contributor to the global retailing industry, a high percentage of manual labor, has reduced the market share of the retail automation industry by a few percentage points. Further, India is the fastest-growing country in the retailing sector as investors are seeking development opportunities, which correspondingly boosts the retail automation market in the region. 

The region is home to some of the major retailing chains, such as Future Value Retail, Seven & I Holdings Co., Ltd., Star Bazaar (Tata Group), and Yonghui Superstores Co., Ltd., which provides a remarkable opportunity for the retail automation service providers to take advantage. The major retail automation service providers in the region include Capillary Technologies, Casio Computer Co., Ltd.; Fujitsu Limited, Murata Machinery, Ltd.; Orpak Systems Ltd., SAMSUNG, and Seiko Epson Corporation, among more.

Research Methodology

The market study of the Asia-Pacific retail automation market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Retail Automation Market Research and Analysis by Component
2. Asia-Pacific Retail Automation Market Research and Analysis by End-user

The Report Covers

• Comprehensive research methodology of the Asia-Pacific retail automation market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific retail automation market.
• Insights about market determinants which are stimulating the Asia-Pacific retail automation market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.