A $21.3 Billion Global Opportunity for Retail Automation by 2026 - New Research from StrategyR

SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Retail Automation - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 5; Released: May 2021
Executive Pool: 5034
Companies: 28 - Players covered include AGS Transact Technologies Ltd.; Arkrobot.com; AURES Technologies SA; Datalogic SpA; E&K Automation GmbH; Fametech Inc. (Tysso); First Data Corporation; Fujitsu Ltd.; GreyOrange; Honeywell International, Inc.; KUKA AG; NCR Corporation; Olea Kiosks Inc.; POS -X; Posiflex Technologies, Inc.; Pricer AB; Probiz Technologies Prvt Ltd.; Seepoint Technology LLC.; Simbe Robotics, Inc.; Slabb Inc.; Toshiba Global Commerce Solutions Inc.; VeriFone Systems, Inc.; Wincor Nixdorf; Zebra Technologies Corporation and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Hypermarkets, Supermarkets, Single Item Store, Fuel Stations, Retail Pharmacies); Type (PoS, Barcode & RFID, ESL, Camera, AGV, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Retail Automation Market to Reach $21.3 Billion by 2026
Amid the COVID-19 crisis, the global market for Retail Automation estimated at US$12.2 Billion in the year 2020, is projected to reach a revised size of US$21.3 Billion by 2026, growing at a CAGR of 9.6% over the analysis period. PoS, one of the segments analyzed in the report, is projected to record a 10.2% CAGR and reach US$9.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Barcode & RFID segment is readjusted to a revised 9.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4 Billion in 2021, While China is Forecast to Reach $3.7 Billion by 2026
The Retail Automation market in the U.S. is estimated at US$4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.7 Billion by the year 2026 trailing a CAGR of 9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 7.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

ESL Segment to Reach US$912 Million by the year 2026
In the global ESL segment, USA, Canada, Japan, China and Europe will drive the 7.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$460.6 Million in the year 2020 will reach a projected size of US$786.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.