The global self-checkout system market is estimated to grow at a CAGR of over 9% during the forecast period. Self-checkout is used extensively in supermarkets, mass merchants/hypermarkets, convenience stores, and home improvement stores and has strong consumer acceptance. Since its inception, shoppers have gravitated towards self-checkout when they are purchasing a smaller basket, typically less than 15 items. Globally, consumers rely on self-checkout in case of less time, and long cashier queues. Self-checkout systems continue to evolve as the needs of both retailers and consumers change. Compact self-checkout designs were created to meet the needs of smaller store formats to minimize floor space requirements. 

In certain countries, such as UK, the use of debit and contactless payment is on the rise. To address this, new variations of self-checkout are available to give retailers a card only self-checkout option to save space, as well as to reduce the cost by removing the cash handling components. In many cases, the card-only self-checkout is used as an add-on to provide additional self-checkout capacity in addition to the more traditional cash and card self-checkout system. Thus, in the department and convenience stores, self-checkout systems are widely accepted and in turn, positively affect the market growth during the forecast period.

Segmental Outlook

The global self-checkout systems market is segmented on the basis of model type and application. Based on the model type, the market is segmented into cash-based self-checkout systems and cashless self-checkout systems. Based on the application, the market is segmented into supermarkets and hypermarkets, and convenience stores. 

Application Insight: Supermarket and Hypermarkets Segment to Hold a Significant Share in the Market

Amongst the application, the supermarket and hypermarkets segment is expected to hold the most significant share in the market. The primary factor to augment the segmental growth of the market includes the ease of purchasing and convenience offered by these stores. In addition, the self-checkout systems have grown due to higher consumer acceptance and the benefits that it offers in improving the customer experience. Some of the features offered by the systems include the convertible options to switch from customer-facing self-checkout to an assisted checkout during peak periods. Additionally, it enables placement throughout various points in the store instead of being restricted to just the front end. 

Global Self-Checkout Systems Market, by Application 2018 (%)

Model Type Insight: Cashless Model to Hold a Significant Share

Amongst the model type, the cashless model is expected to hold a considerable share in the market. The growth is accredited to the increasing trends of digitalization among the population, which is expected to drive the segmental growth of the market during the forecast period.

Global Self-Checkout Systems Market, by Model Type 2018 (%)

Regional Outlook

The global self-checkout system is geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America and Asia-Pacific regions are expected to contribute considerably to the global self-checkout system market. The regional growth is attributed to the presence of the highest number of supermarkets across the globe. For instance, 7-Eleven, a Japanese-American international chain of convenience stores, headquartered in Dallas, Texas has more than 15,000 outlets across the globe, which is expected to provide growth opportunities to the market. Further, the rising e-commerce market is also driving the market growth as it will lead to the adoption of advanced technologies which may enhance the regional growth. The European region is also projected to grow significantly in the global self-checkout systems market as countries such Germany is adopting new technologies.

Global Self-Checkout System Market, by Region 2018 (%)

Market Players Outlook

Some of the prominent players operating in the global self-checkout systems market include Advantech Co. Ltd., Diebold Nixdorf Inc., NCR Corp., Fujitsu Ltd., Posiflex Technology Inc., Digimarc Corp., IBM Corp., and Toshiba Corp. among others. The self-checkout systems manufacturers are adopting various strategies such as new product launches and approvals, merger and acquisition, partnerships and collaborations, and many others in order to thrive in a competitive environment. For instance, November 2017, Bitan Wines Group, owner of Mega Ba'Ir and Shuk Mehadrin, and one of the largest supermarket chains in Israel, collaborated with NCR Corp. to install NCR FastLane SelfServ Checkouts. NCR would tailor the new installation to Bitan Wines’ specific requirements.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global self-checkout systems market. Based on the availability of data, information related to pipeline 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.