The global Retail Automation Market was valued at $10.04 Billion in 2018 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2026, culminating in 2026 global sales of $23.7 Billion.
Retail automation is the use of technology to automate retail locations like vending machine which dispenses products by the mode of self service. Retail automation is the advancement set to revolutionize the global retail market. retail automation is a balance act of providing making sales, customer service & maintain the security of the transaction or business. Retail automation has many benefits for business that stream line the current operations to save money on cash management & prevent loss like it improves efficiency, redirect labor force drive to sales, deducts cash management cost, increase security, improve employee retentions, focus on customer service. North America is the leading market of retail automation holding the maximum revenue share & is expected to grow a GAGR of more than 9.3 % is likely to register top growth rate during 2018-2026 period.
“Optimal Price Point (OPP) for Retail Automation Products”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in U.S.Retail Automation materials are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Retail Automation Market by “Product Categories”
We have segmented the Retail Automation based on product categories as Barcode and RFID, POS, Cameras, Electronic shelf labels, Autonomous guided vehicles, Others.
We have observed the significant growth of retail automation market by barcode & RFID products which dominate the market during the forecast period. Barcode are a universal technology in that they are norm of retail products which carry a barcode reader which can process barcodes from anywhere in the world which is anticipated to witness significant growth during forecast period. We have been observed the significant grow in RFID product accounted for the largest share by revenue & expected to grow at a CAGR of more than 8 % during the forecast period. RFID tags carry large data such as shipping histories, expiries date, product maintenance which can all be programmed to the tag
Retail Automation Market by “End-Use”
We have segmented the Retail Automation market based on End-Use are Hypermarkets, Supermarkets, Convenience Stores, Fuel Stations, Pharmacies.
We have been observed the rapid growth of retail automation by the end use of supermarket segment which dominate the market over the forecast period. In retail automation it improves efficiency in cash management which is accurate, fast, & safe since it eliminates all staff touch points associated with manual reconciliation and supervision, double count, shrinkage etc.which boost the market growth of retail automation during the forecast period.
U.S.accounted for the maximum revenue share of over xx% in 2018 due to increased demandof Retail Automation materials followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2018, North America held the largest share for Retail Automation market due to the demand for the product of Barcode and RFID, POS, Cameras, Electronic shelf labels, Autonomous guided vehicles, Others. Europe is expected to have the highest growth & this would be followed by Asia Pacific.
Rapid growth of industries in field of electronics and IT industryand availability of Hypermarkets, Supermarkets, Convenience Stores, Fuel Stations, Pharmacies option, create an impact in developing countries for demand of retail product such as Barcode and RFID, POS, Cameras, Electronic shelf labels, Autonomous guided vehicles,
“Competitive Landscape”and“Merger & Acquisition Insights”
The key market participants include Wincor Nixdorf, Toshiba, Siemens, First Data Corp, Fujitsu Limited,Seiko Epson, Honeywell International Inc, ZIH Corp, are few major players in Retail Automation markets. TheRetail Automation market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are the major focus area for dominant companies.
Retail Automation Market by Product Categories (Revenue, Million, 2018 – 2026)
- Barcode and RFID
- Electronic shelf labels
- Autonomous guided vehicles
Retail Automation Market by End-Use (Revenue, Million, 2018 – 2026)
- Convenience Stores
- Fuel Stations
Retail Automation Market Regional Outlook (Revenue, USD Million, 2018- 2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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