China retail automation is estimated to exhibit a sturdy CAGR of 15.8% during the forecast period (2020-2026). Increasing urbanization, abundant population, growing overall economy, premiumization, and increasing disposable income have been responsible for the growth of the retailing sector in China, which has made the retail automation market a lucrative space. Additionally, rising premiumization and increasing health consciousness among consumers are driving the growth of different retail channels, which has caused an increasing need for improved customer service, supply chain, and profit margins. Retailers are increasingly turning to automation solutions to not only increase their returns but also to significantly enhance their customer services.
Browse the full report description of "China 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)" at https://www.omrglobal.com/industry-reports/china-retail-automation-market
In China, retail value sales surpassed RMB 100 billion ($15 billion) in 2018, propelled by increasing urbanization, which has stirred the demand for automation solutions in the country. Supermarkets and hypermarkets will remain the main sales channels for retail for the near future, so the automation solution providers could focus on these channels to prevail in the ever-growing market. However, as a newly-emerging retail channel that is seeing rapid growth, internet retailing is predicted to play a more important role. It has been seen that numerous players have started offering automation solutions for e-commerce retailing. E-commerce tools that ease the operational processes and channels create high revenue opportunities, which in turn increase the demand for automation among the retailers. The e-commerce automation tools provide features such as inventory and order management system, to track the stock levels and inventory status digitally and notify the changes.
Market Coverage
Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region/segment
China Retail Automation Market Report Segment
By Product
o RFID and Barcode Scanner
o POS Systems
o Vending Machines
o Self-Scan Checkout systems
o Other Hardware Types
o Workforce Management Software
o Supply Chain and Inventory Management Software
o Retails Apps and Online Store Applications
By End-User
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