Smart Shelves Market
Smart Shelves Market Size, Share & Trends Analysis Report by Component (Hardware(RFID Tags & Readers, Electronic Shelf Labels, IOT Sensors, and Others), Software and Services, and by Enterprise Size (SMEs and Large Enterprise )by Application (Planogram Management, Inventory Management, Pricing Management, Content Management, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
Smart shelves market is anticipated to grow at a significant CAGR of 21.4% during the forecast period. Smart Shelves are technology-enabled shelves used to automatically track inventory in retail stores. It enables retailers to check inventory levels and know when a product is out of stock. It enables real-time stock information and inventory management, correct product positioning and alerts if products are displaced real-time shelf tags updates, effective and customized product information display, optimized store performance, and enhanced customer service. Thus, increasing demand for real-time stock information and inventory management in the retail sector, growing implementation of technologies such as IoT and RFID in retail, and growing investment in Smart Shelves and related startups are factors driving the growth of the global smart shelves market. For instance, in May 2022, Avery Dennison Corporation shared details of major investments aimed at expanding its manufacturing capacity and improving factory efficiency in Europe to meet the growing demand for its label and packaging materials. The company announced an investment of USD 45.19 million for the expansion of its facilities at Champ-sur-Drac, France.
Segmental Outlook
The global smart shelves market is segmented based on the component, enterprise size, and application. Based on the component, the market is segmented into hardware (RFID tags & readers, electronic shelf labels, IoT sensors, and others), software, and services. Based on the enterprise size, the market is sub-segmented into SMEs and large enterprises. Based on the application, the market is sub-segmented into the planogram management, inventory management, pricing management, content management, and others. Among Hardware, electronic shelf labels are anticipated to have considerable growth during the forecast period.
The Large Enterprise Segmentis Expected To Hold The Significant Share In The Global Smart Shelves Market During The Forecast Period.
Among enterprise size, large enterprises are anticipated to have dominant growth during forecast period. Growing adoption of smart shelves among large enterprices, growing e-commerce, and competition among the enterprices are factors driving the growth of the large enterprises segment in global smart shelves market for the forcast period.
Regional Outlooks
The global smart shelves market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). Among regions, the Asia Pacific region is anticipated to register dominant growth in market size during the forecast period. The region includes countries with a large population, and growing economies such as China, India, and so on, also the expansion of large-scale retailers in this region, growing digital infrastructure, and adoption and implementation of smart shelves among end-users to gain competitive advantage are some of the primary factors for the growth of smart shelves market in the region.
Global Smart Shelves Market Growth, by Region 2022-2028
The Europe Regionis Expected to Hold the dominant Share in the Global Smart Shelves Market
Among regions, the Europe region holds the largest market size. The growth in this region is attributed mainly to the presence of key players in the region. The presence of well-developed digital infrastructure and adoption of smart technology-driven retail solutions among the end-users in the region are some of the factors driving the growth of the smart shelves market in the region. For instance, in June 2022, Pricer AB received an order of approximately 90 MSEK from the Dutch co-operative supermarket chain PLUS to equip 128 additional stores, previously under the Coop banner, with electronic shelf labels.
Market Players Outlook
The major companies serving the global Smart Shelves market include Honeywell International Inc, SOLUM Europe Gmbh, Happiest Minds Technologies, PCCW Enterprises Ltd., NXP Semiconductors N.V.and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. In June 2022, Lenovo Group Ltd. and PCCW Ltd. jointly announced that they have entered into definitive agreements to establish a strategic partnership to create a technology solutions business in the Asia Pacific region. The partnership, which will be known as PCCW Lenovo Technology Solutions Ltd. will leverage the combined strengths of Lenovo and PCCW to create compelling value for employees, customers, and shareholders of both companies.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart shelves market. Based on the availability of data, information related to new product launches, 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
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
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. Key Company Analysis
3.2. Avery Dennison Corporation
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. E INK HOLDINGS INC
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Intel Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Pricer AB
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. SES-imagotag S.A.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Smart Shelves Market by Component
4.1.1. Hardware
4.1.1.1. RFID Tags & Readers
4.1.1.2. Electronic Shelf Labels
4.1.1.3. IOT Sensors
4.1.1.4. Others
4.1.2. Software
4.1.3. Services
4.2. Global Smart Shelves Market by Enterprise Size
4.2.1. SMEs
4.2.2. Large Enterprise
4.3. Global Smart Shelves Market by Application
4.3.1. Planogram Management
4.3.2. Inventory Management
4.3.3. Pricing Management
4.4. Global Smart Shelves Market by e5
4.4.1. Pricing Management
4.4.2. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Diebold Nixdorf, Inc.
6.2. DREAMZTECH US INC.
6.3. Happiest Minds Technologies
6.4. Honeywell International Inc
6.5. Huawei Technologies Co., Ltd.
6.6. MAGO S.A.
6.7. NXP Semiconductors N.V.
6.8. PCCW Enterprises Ltd.
6.9. Samsung Electronics Co., Ltd.
6.10. Sennco Solutions, Inc.
6.11. Software AG
6.12. SOLUM Europe Gmbh
6.13. TroniTAG GmbH
1. GLOBAL SMART SHELVES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
2. GLOBAL SMART SHELVES FOR HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL SMART SHELVES FOR RFID TAGS & READERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL SMART SHELVES FOR ELECTRONIC SHELF LABELS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL SMART SHELVES FOR IOT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL SMART SHELVES FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL SMART SHELVES FOR SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL SMART SHELVES FOR SERVICES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL SMART SHELVES MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2021-2028 ($ MILLION)
10. GLOBAL SMART SHELVES FOR SMES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL SMART SHELVES FOR LARGE ENTERPRISE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL SMART SHELVES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
13. GLOBAL SMART SHELVES FOR PLANOGRAM MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL SMART SHELVES FOR INVENTORY MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL SMART SHELVES FOR PRICING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL SMART SHELVES FOR PRICING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL SMART SHELVES FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL SMART SHELVES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. NORTH AMERICAN SMART SHELVES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN SMART SHELVES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
21. NORTH AMERICAN SMART SHELVES MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2021-2028 ($ MILLION)
22. NORTH AMERICAN SMART SHELVES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
23. EUROPEAN SMART SHELVES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. EUROPEAN SMART SHELVES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
25. EUROPEAN SMART SHELVES MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2021-2028 ($ MILLION)
26. EUROPEAN SMART SHELVES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC SMART SHELVES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC SMART SHELVES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC SMART SHELVES MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC SMART SHELVES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
31. REST OF THE WORLD SMART SHELVES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
32. REST OF THE WORLD SMART SHELVES MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
33. REST OF THE WORLD SMART SHELVES MARKET RESEARCH AND ANALYSIS BY ENTERPRISE SIZE, 2021-2028 ($ MILLION)
34. REST OF THE WORLD SMART SHELVES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. GLOBAL SMART SHELVES MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
2. GLOBAL SMART SHELVES FOR HARDWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
3. GLOBAL SMART SHELVES FOR RFID TAGS & READERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
4. GLOBAL SMART SHELVES FOR ELECTRONIC SHELF LABELS MARKET SHARE BY REGION, 2021 VS 2028 (%)
5. GLOBAL SMART SHELVES FOR IOT SENSORS MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL SMART SHELVES FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL SMART SHELVES FOR SOFTWARE MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL SMART SHELVES FOR SERVICES BY MARKET SHARE REGION, 2021 VS 2028 (%)
9. GLOBAL SMART SHELVES MARKET SHARE BY ENTERPRISE SIZE, 2021 VS 2028 (%)
10. GLOBAL SMART SHELVES FOR SMES MARKET SHARE BY REGION, 2021 VS 2028 (%)
11. GLOBAL SMART SHELVES FOR LARGE ENTERPRISE MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL SMART SHELVES FOR O1 MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL SMART SHELVES FOR O2 MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL SMART SHELVES MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
15. GLOBAL SMART SHELVES FOR PLANOGRAM MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL SMART SHELVES FOR INVENTORY MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL SMART SHELVES FOR PRICING MANAGEMENT MARKET SHARE BY REGION, 2021 VS 2028 (%)
18. GLOBAL FOR PRICING MANAGEMENT SMART SHELVES MARKET SHARE BY REGION, 2021 VS 2028 (%)
19. GLOBAL SMART SHELVES FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
20. GLOBAL SMART SHELVES MARKET SHARE BY REGION, 2021 VS 2028 (%)
21. US SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
22. CANADA SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
23. UK SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
24. FRANCE SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
25. GERMANY SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
26. ITALY SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
27. SPAIN SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
28. REST OF EUROPE SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
29. INDIA SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
30. CHINA SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
31. JAPAN SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
32. SOUTH KOREA SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF ASIA-PACIFIC SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
34. REST OF THE WORLD SMART SHELVES MARKET SIZE, 2021-2028 ($ MILLION)
