The China retail automation market is anticipated to grow at a CAGR of 15.8% during the forecast period. China is the fastest developing and most populous country in the world. Over the past few decades, modern grocery retailing has been expanding rapidly in developing countries including China itself. The Chinese retail industry is driven by abundant population, increasing urbanization, and the growing per capita disposable income of the middle-class populace, which in turn triggering China’s demand for automation solutions for retail space, which is expected to grow at a steady pace. The consumers in China are increasingly demanding for improved services, which has caught retailers’ attention and they are trying to cater to this demand by implementing automation methods.

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Increased digitalization, ‘new retail’ model, growth of community and convenience stores, and expanding delivery service are some of the ongoing retailers’ trends. Both online and offline (brick and mortar) new retail formats are data-driven and have steady footprints, and are expanding swiftly, forming new challenges and competitions for conventional retailers, which apparently increases the demand for retail automation in the country. 

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. On the basis of, the market is classified into supermarkets, hypermarkets, convenience stores, fuel stations and other.

Further, the consumers in China are increasingly urbane with hefty demands on their time. They are actively seeking out food products and services that are convenient and quick, that meets their demands. The ability to buy products using smartphone payment applications such as AliPay and WeChat Pay coupled with increased accessibility in retail outlets and online have been critical to successful products. The digital space is ever-increasing in the country, and more e-commerce vendors are adopting automation solutions to prevail in such a competitive environment.  

Research Methodology

The market study of the China 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 in 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 authenticity in 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. China Retail Automation Market Research and Analysis by Component
2. China Retail Automation Market Research and Analysis by End-User

The Report Covers

• Comprehensive research methodology of the China retail automation market.
• This report also includes a detailed and extensive market overview with the 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 China retail automation market.
• Insights about market determinants which are stimulating the China retail automation market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.