Retail Automation Market
Global Retail Automation Market Size, Share & Trends Analysis Report by Component (Hardware and Software), and by End-User (Supermarkets/Hypermarkets, Convenience Stores, Fuel Stations, and Other) Forecast Period (2020-2026) Update Available - Forecast 2024-2030
The global retail automation market is expected to expand at a compounded annual growth rate (CAGR) of 12.5% during the forecast period. Customers’ evolving preferences and demands have led to complexities and variability in the supply chain. Moreover, concepts like ‘last-mile delivery’ and ‘delivery on-demand’ have become essential factors for the success of the e-commerce industry. To make allowances for these changes and to enhance productivity, companies are turning to retail automation solutions. The need for adaptable and flexible logistics has given rise to the concept of elastic logistics. Industries such as e-commerce, manufacturing, and aerospace are looking to automate their warehouses with identification and positioning systems to improve inventory tracking. The introduction of autonomous trucks has enhanced the logistics automation process by further reducing manual interventions. Also, monitoring and inventory tracking is much easier using these vehicles
Further, urbanization is at an all-time high with more and more people coming to live in the cities which allows the retailers to expand their horizons in the developing countries. Demand for luxury and ready-to-eat food items will result in higher spending on food and groceries, which, in turn, making the retailers go for automation solutions.
Segmental Outlook
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, and other hardware types. Software is further evaluated as workforce management software, supply chain, and 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.
Hardware-Based Retail Automation Systems to Lead the Market Share Owing to Increasing Warehousing Operations
The hardware segment is expected to have the highest market share throughout the analysis period. However, due to easier implementation and lower costs, the software segment is expected to have the highest growth rate. Even though automated retail equipment enhances efficiency, the high initial capital investments are a deterrent to the growth of the market. According to recent data, large enterprises that are willing to implement retail automation are eager to spend an average of 0.5 million on hardware related solutions. However, the total investment is expected to remain stable. Also, the market has a lot of opportunities since most large enterprises still have low to medium applicability of automated hardware, with only a few of them being completely automated. Automated conveyor systems, lift trucks, automated racks, and robotic picking are some of the top priorities of companies for investments in hardware for retail automation.
Regional Outlook
The global retail automation market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. The retail automation market in Europe and the Asia-Pacific is experiencing rapid growth and has a huge scope for enhancement. In addition, there is a positive return on investment in the automation processes as there is a strong opportunity for advancements in existing retailing operations, platforms, and solutions. The majority of the market players operating in this space are collaborating with numerous retailers, such as hypermarkets or supermarkets globally, which in turn is creating growth opportunities for players.
With 60% of the global population residing in Asia-Pacific, the prospect of growth for the retail automation market in the region is the highest. India and China are developing countries and are expected to contribute the most to the stimulating growth rate that is to be recorded in the Asia-Pacific. More and more key players are expected to plan the expansion of their retailing chains in India and China, with the opportunity of growing as the maximum.
Global Retail Automation Market Growth, by Region 2020-2026
Market Players Outlook
Large players in the retailing industry like Tesco PLC, Walmart, and Amazon are acquiring retail automation solutions companies that specialize in serving specific industries. The key players operating in the market include ABB, Daifuku Co., Ltd.; Datalogic S.p.A., ECR Software Corporation, Fiserv, Inc.; Fujitsu Limited, Honeywell International Inc., Jungheinrich AG, Microsoft Corporation, NCR Corporation, Toshiba Global Commerce Solutions, Toyota Industrial Equipment, and Zebra Technologies Corporation, among more.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global retail automation market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Datalogic S.p.A.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Diebold Nixdorf, Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Fiserv, Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Toshiba Global Commerce Solutions
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Toyota Industrial Equipment
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global Retail Automation Market by Component
5.1.1. Hardware
5.1.1.1. Radio-Frequency Identification (RFID) and Barcode Scanner
5.1.1.2. POS (Point of Sale) System
5.1.1.3. Vending Machine
5.1.1.4. Self-Checkout Systems
5.1.1.5. Other Hardware Types
5.1.2. Software
5.1.2.1. Workforce Management Software
5.1.2.2. Supply Chain and Inventory Management Software
5.1.2.3. Retails Apps and Online Store Applications
5.2. Global Retail Automation Market by End-User
5.2.1. Supermarkets/Hypermarkets
5.2.2. Convenience Stores
5.2.3. Fuel Stations
5.2.4. Other
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Daifuku Co., Ltd.
7.2. Datalogic S.p.A.
7.3. Diebold Nixdorf, Inc.
7.4. ECR Software Corp.
7.5. Emarsys eMarketing Systems AG
7.6. Fiserv, Inc.
7.7. Fujitsu, Ltd.
7.8. Honeywell International, Inc.
7.9. Jungheinrich AG
7.10. Kion Group AG
7.11. KNAPP AG
7.12. KUKA AG
7.13. Microsoft Corp.
7.14. Murata Machinery, Ltd.
7.15. NCR Corp.
7.16. Posiflex Technology, Inc.
7.17. System Logistics S.p.A.
7.18. Toshiba Global Commerce Solutions
7.19. Toyota Industrial Equipment
7.20. Xerox Corp.
7.21. Zebra Technologies Corp.
1. GLOBAL RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2019-2026 ($ MILLION)
2. GLOBAL HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
5. GLOBAL SUPERMARKETS/HYPER MARKETS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL CONVENIENCE STORES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL FUEL STATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. NORTH AMERICAN RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
10. NORTH AMERICAN RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2019-2026 ($ MILLION)
11. NORTH AMERICAN RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY IMPLEMENTATION, 2019-2026 ($ MILLION)
12. NORTH AMERICAN RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
13. EUROPEAN RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
14. EUROPEAN RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2019-2026 ($ MILLION)
15. EUROPEAN RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
16. ASIA-PACIFIC RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
17. ASIA-PACIFIC RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2019-2026 ($ MILLION)
18. ASIA-PACIFIC RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
19. REST OF THE WORLD RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2019-2026 ($ MILLION)
20. REST OF THE WORLD RETAIL AUTOMATION MARKET RESEARCH AND ANALYSIS BY END-USER, 2019-2026 ($ MILLION)
1. GLOBAL RETAIL AUTOMATION MARKET SHARE BY COMPONENT, 2019 VS 2026 (%)
2. GLOBAL RETAIL AUTOMATION MARKET SHARE BY END-USER, 2019 VS 2026 (%)
3. GLOBAL RETAIL AUTOMATION MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
4. THE US RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
5. CANADA RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
6. UK RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
7. FRANCE RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
8. GERMANY RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
9. ITALY RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
10. SPAIN RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
11. ROE RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
12. CHINA RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
13. INDIA RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
14. JAPAN RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
15. ASEAN RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
16. SOUTH KOREA RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
17. REST OF ASIA-PACIFIC RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
18. REST OF THE WORLD RETAIL AUTOMATION MARKET SIZE, 2019-2026 ($ MILLION)
