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Global Retail Automation Market Share, Size, Forecast: By Component: Hardware, Software; By Type: POS Terminal, Barcode and RFID, Electronic Shelf Label, Camera, Autonomous Guided Vehicle (AGV), Automatic Storage and Retrieval System (ASRS), Others; By Implementation; By End-User; Regional Analysis; Competitive Landscape; 2023-2028
Global Retail Automation Market Outlook
The global retail automation market size reached a value of around USD 16.9 billion in 2022. The market is expected to grow at a CAGR of 10.20% between 2023 and 2028, reaching a value of around USD 30.2 billion by 2028.
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Key Trends in the Market
Retail automation is the process of automating, streamlining, and simplifying manual and repetitive tasks in retail applications. A wide range of retail tasks and equipment can be automated ranging from POS terminals and barcode and RFID to cameras and automated storage and retrieval systems. They are simple to use and save time while lowering operating expenses, additionally, retail automation contributes to improving efficiency, decreasing human error, optimising customer experience, and maintaining real-time data updates.
- One of the key retail automation market trends is the growing consumer desire for quick and high-quality services. Factors including lower transaction costs for retailers, fast transaction times, and transaction accuracy have a favourable effect on the market. In addition, the widespread usage of wireless POS terminals in various industries is being positively impacted by the growing acceptance of digital payments.
- As per the retail automation market research, the use of radio frequency identification (RFID) technology to provide wireless fuel management and payment systems at gas stations is another development in the market. It streamlines operations in the downstream supply chain and helps firms create an infrastructure to meet a range of client demands.
- With the surging competition in the retail sector, retailers are investing in technologies and products that can help them provide improved services while reducing competition. The potential of retail automation in aiding retailers in gaining a competitive edge is positively influencing the retail automation market value. The growing affordability of retail automation is enabling smaller retailers to adopt technologies for automation.
Global Retail Automation Market Analysis
Based on component, the market is bifurcated into hardware and software. The retail automation market, on the basis of type, is segmented into POS terminal, barcode and RFID, electronic shelf label, camera, autonomous guided vehicle (AGV), and automatic storage and retrieval system (ASRS), among others. On the basis of implementation, the market is classified into in-store and warehouse. Based on end-user, the market is segregated into hypermarkets, supermarkets, single item stores, petrol pumps/fuel stations, and health and retail pharmacies. The regional markets for retail automation are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global retail automation market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Datalogic S.p.A.
- Diebold Nixdorf Inc.
- Fujitsu Ltd.
- Honeywell International Inc.
- NCR Corporation
- Posiflex Technology Inc.
- Toshiba Global Commerce Solutions
- Zebra Technologies Corp.
- SpotOn Transact, LLC
- RapidPricer
- Others
Retail Automation Market Share by Type
POS terminal type of retail automation is anticipated to witness fast growth in terms of CAGR. POS terminals have a key role in retail as they are used to process sales, and manage aspects such as inventory, order, fulfilment, and customer experiences. Through automation, POS operations can be improved in terms of speed and accuracy, resulting in faster transactions and fewer mistakes which improve the customer experience.
Barcode and RFID segment is anticipated to expand at a significant rate during the forecast period as they are increasingly being used for various logistics and tracking applications in retails. Companies are able to print their chip-less RFID tags owing to recent RFID advancements with electronic printing and conductive ink technology. Barcode and RFID technology makes routine inventory checks easier and increases inventory accuracy, improving management for retailers and enhancing convenience for customers.
Retail Automation Market Share by Region
Over the forecast period, North America is anticipated to account for a significant retail automation market share, as a result of the widespread retail network in the region and presence of major retailer brands. With a relatively higher budget, larger retail brands with multiple stores are likelier to adopt retail automation at a faster rate. Furthermore, the Latin America retail automation market is anticipated to witness growth over the forecast period due to rising awareness about the advantages of retail automation in the region.
In the Asia Pacific, the region's rapid expansion in infrastructure building projects and retail networks in countries such as India, China, and Japan, are anticipated provide lucrative opportunities for the market for retail automation. Also, the region's businesses are quickly picking up speed in adopting process management and automation solutions, which is further boosting the Asia Pacific retail automation market.
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Competitive Landscape
Datalogic S.p.A., with its headquarters in Bologna, Italy, is a global technology leader in automatic data capture and factory automation. The company, which was established in 1972, specialises in the development and manufacture of barcode readers, measurement and detection, RFID, portable computers, sensors for safety, and vision and laser marking systems.
Diebold Nixdorf Inc., based out of Ohio in the United States and founded in 1859, provides software, hardware, and information technology services. The company offers integrated mobile point of sale (POS) systems, physical security devices, intelligent deposit terminals, teller automation tools, and cash recyclers and dispensers. Diebold provides services including installation, maintenance, support, and value-added services.
Posiflex Technology Inc., headquartered in Taipei, Taiwan, and established in 1984, is a world leader in the development and production of OEM/ODM solutions for PCs, peripherals, and Point of Sale (POS) management systems. The POS systems from Posiflex are available in a variety of configurations and capabilities so as to suit the needs of various clients.
Other market players include Fujitsu Ltd., Honeywell International Inc., NCR Corporation, Toshiba Global Commerce Solutions, Zebra Technologies Corp., SpotOn Transact, LLC, and RapidPricer, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Type |
|
| Breakup by Implementation |
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| Breakup by End-User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Retail Automation Market Analysis
8.1 Key Industry Highlights
8.2 Global Retail Automation Historical Market (2018-2022)
8.3 Global Retail Automation Market Forecast (2023-2028)
8.4 Global Retail Automation Market by Component
8.4.1 Hardware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Retail Automation Market by Type
8.5.1 POS Terminal
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Barcode and RFID
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Electronic Shelf Label
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Camera
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Autonomous Guided Vehicle (AGV)
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Automatic Storage and Retrieval System (ASRS)
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Retail Automation Market by Implementation
8.6.1 In-Store
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Warehouse
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Retail Automation Market by End-User
8.7.1 Hypermarkets
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Supermarkets
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Single Item Stores
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Petrol Pumps/Fuel Stations
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Health and Retail Pharmacies
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.8 Global Retail Automation Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Retail Automation Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Retail Automation Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Retail Automation Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Retail Automation Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Retail Automation Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Datalogic S.p.A.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Diebold Nixdorf Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Fujitsu Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Honeywell International Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 NCR Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Posiflex Technology Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Toshiba Global Commerce Solutions
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Zebra Technologies Corp.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 SpotOn Transact, LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 RapidPricer
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Retail Automation Market: Key Industry Highlights, 2018 and 2028
2. Global Retail Automation Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Retail Automation Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Retail Automation Historical Market: Breakup by Implementation (USD Million), 2018-2022
5. Global Retail Automation Market Forecast: Breakup by Implementation (USD Million), 2023-2028
6. Global Retail Automation Historical Market: Breakup by End-User (USD Million), 2018-2022
7. Global Retail Automation Market Forecast: Breakup by End-User (USD Million), 2023-2028
8. Global Retail Automation Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Retail Automation Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Retail Automation Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Retail Automation Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Retail Automation Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Retail Automation Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Retail Automation Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Retail Automation Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Retail Automation Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Retail Automation Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Retail Automation Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Retail Automation Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Retail Automation Market Structure
Key Questions Answered in the Report
In 2022, the global market for retail automation attained a value of approximately USD 16.9 billion.
The market is projected to grow at a CAGR of 10.20% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 30.2 billion by 2028.
The major drivers of the market include the growing awareness and popularity of retail automation, rising adoption of automation technologies by major retailers, and increasing penetration of the Internet of Things (IoT).
The rising demand for quality and fast service by retail buyers, increasing adoption of digital payments, growing competition among retailers are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The advantages of automating retail include time and money savings, more employee productivity, improved customer experience, higher sales statistics, and a decrease in errors.
The different types of retail automation in the market are POS terminal, barcode and RFID, electronic shelf label, camera, autonomous guided vehicle (AGV), and automatic storage and retrieval system (ASRS), among others.
The significant components of the market for retail automation are hardware and software.
The major players in the retail automation market are Datalogic S.p.A., Diebold Nixdorf Inc., Fujitsu Ltd., Honeywell International Inc., NCR Corporation, Posiflex Technology Inc., Toshiba Global Commerce Solutions, Zebra Technologies Corp., SpotOn Transact, LLC, and RapidPricer, among others.
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