The US retail automation market is anticipated to grow at a CAGR of 12.0% during the forecast period. Given the unprecedented spike in unemployment figures and economic deterioration in the first quarter of 2020, retailers will look for solutions to give them an edge with lesser manpower. Logistics companies in the US are putting more emphasis on integration, not only within different technologies but also among different organizations in the same value chain. For instance, a recent investment (2019) of $450 million by XPO Logistics in logistics technology, and the large-scale expansion of Supply Chain Innovation Lab by Kenco Logistics shows that companies are keen on investing in this sector. 

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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 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 implementation, the market is bifurcated into in-store and warehouses. On the basis of, the market is classified into supermarkets/hypermarkets, convenience stores, fuel stations, and Other. In the US, the number of supermarkets in the largest among retailing space, which makes this segment the largest shareholder in the same. The implementation of retail automation solutions among online stores is expected to be the fastest in the country. 

The retailing giants such as Sysco Corporation, US Foods, Walmart, Inc., and WinCo Foods, Inc. reside in the US. These companies have been experiencing unusually strong traffic and sales, particularly in its stores for same-day services due to the outbreak of the COVID-19. Most of these companies have experienced strong sales in February, the COVID-19 pandemic triggered a significantly greater lift in sales across both physical retail stores and digital channels in March 2020. Sales sharply accelerated in March with identical retail supermarket sales, excluding fuel sales, up approximately 30%. Corresponding with increasing sales, these brands look for solutions to improve their operationality and profit margins.  

Research Methodology

The market study of the US 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. US Retail Automation Market Research and Analysis by Component
2. US Retail Automation Market Research and Analysis by End-user

The Report Covers

• Comprehensive research methodology of the US 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 US retail automation market.
• Insights about market determinants which are stimulating the US retail automation market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.