Retail Automation Market Size to Grow by USD 8.80 billion | APAC to Notice Maximum Growth | Technavio
NEW YORK, May 26, 2022 /PRNewswire/ -- The retail automation market size is estimated to grow by USD 8.80 billion from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 10.2% during this period. The market has been segmented by type (point-of-scale, barcode and RFD, camera, and others), end-user (supermarkets, hypermarkets, single item stores, fuel stations, and retail pharmacies), and geography (APAC, North America, Europe, Middle East and Africa, and South America).
The high adoption of contactless payment solutions is driving the growth of the retail automation market. However, factors such as privacy and security concerns may challenge the market growth.
The high adoption of contactless payment solutions is driving the growth of the retail automation market. Mobile payment gateways, including Apple Pay and Samsung Pay, have made the process of paying bills easy. Hence, various retailers are adopting platforms such as NFC POS terminals, which facilitate mobile payments. The high adoption of contactless EMV cards will also encourage the implementation of NFC POS terminals. The increasing need for faster checkouts at retail outlets, high adoption of EMV cards, effective information management among retailers, and the growth in focus toward secure payments are some of the factors that will contribute to the growth of the global retail automation market.
The point-of-scale segment will have significant market share growth during the forecast period. POS offers various advantages compared to traditional cash registers. It can be used to store, share, and keep track of sales, payment, and customer information, thus saving time and increasing efficiency and accuracy. These factors will drive the growth of this segment during the forecast period.
Retail Automation Market: Segmentation by Geography
APAC will have the highest market share growth during the forecast period. The growth of the region will be driven by factors such as the growing level of urbanization and the increase in the disposable income of the people. Moreover, market growth in this region will be slower than the growth of the market in other regions. China and Japan are the key countries for the retail automation market in APAC.
Retail Automation Market: Major Vendors
The retail automation market is fragmented, and the vendors are deploying growth strategies such as increasing M&A activities to compete in the market. Some vendors that offer products directed at the process industries are trying to increase their market presence and market share by horizontally integrating with system integrators and regional automation service providers.
A few of the key vendors operating in the retail automation market include Datalogic Spa, Diebold Nixdorf Inc., ek robotics GmbH, FAMETECH INC., Fiserv Inc., Fujitsu Ltd., Grey Orange Pte. Ltd., Honeywell International Inc., iFuture Robotics, Infoplus Commerce, KUKA AG, Napse, NCR Corp., Posiflex Technology Inc., Pricer AB, Sea Point China Ltd., Simbe Robotics Inc., Toshiba Tec Corp., Vinculum Solutions Pvt. Ltd., and Zebra Technologies Corp., among others.
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 33%
Key consumer countries
US, China, Japan, Germany, and UK
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Datalogic Spa, Diebold Nixdorf Inc., ek robotics GmbH, FAMETECH INC., Fiserv Inc., Fujitsu Ltd., Grey Orange Pte. Ltd., Honeywell International Inc., iFuture Robotics, Infoplus Commerce, KUKA AG, Napse, NCR Corp., Posiflex Technology Inc., Pricer AB, Sea Point China Ltd., Simbe Robotics Inc., Toshiba Tec Corp., Vinculum Solutions Pvt. Ltd., and Zebra Technologies Corp.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
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Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Type
Exhibit 06: Executive Summary ? Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
4.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers ? Impact of key factors 2021 and 2026
4.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers ? Impact of key factors in 2021 and 2026
4.4 Threat of new entrants
Exhibit 21: Threat of new entrants ? Impact of key factors in 2021 and 2026
4.5 Threat of substitutes
Exhibit 22: Threat of substitutes ? Impact of key factors in 2021 and 2026
4.6 Threat of rivalry
Exhibit 23: Threat of rivalry ? Impact of key factors in 2021 and 2026
4.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Type
5.1 Market segments
Exhibit 25: Chart on Type - Market share 2021-2026 (%)
Exhibit 26: Data Table on Type - Market share 2021-2026 (%)
5.2 Comparison by Type
Exhibit 27: Chart on Comparison by Type
Exhibit 28: Data Table on Comparison by Type
5.3 Point-of-sale - Market size and forecast 2021-2026
Exhibit 29: Chart on Point-of-sale - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Data Table on Point-of-sale - Market size and forecast 2021-2026 ($ million)
Exhibit 31: Chart on Point-of-sale - Year-over-year growth 2021-2026 (%)
Exhibit 32: Data Table on Point-of-sale - Year-over-year growth 2021-2026 (%)
5.4 Barcode and RFD - Market size and forecast 2021-2026
Exhibit 33: Chart on Barcode and RFD - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Data Table on Barcode and RFD - Market size and forecast 2021-2026 ($ million)
Exhibit 35: Chart on Barcode and RFD - Year-over-year growth 2021-2026 (%)
Exhibit 36: Data Table on Barcode and RFD - Year-over-year growth 2021-2026 (%)
5.5 Camera - Market size and forecast 2021-2026
Exhibit 37: Chart on Camera - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Data Table on Camera - Market size and forecast 2021-2026 ($ million)
Exhibit 39: Chart on Camera - Year-over-year growth 2021-2026 (%)
Exhibit 40: Data Table on Camera - Year-over-year growth 2021-2026 (%)
5.6 Others - Market size and forecast 2021-2026
Exhibit 41: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 43: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 44: Data Table on Others - Year-over-year growth 2021-2026 (%)
5.7 Market opportunity by Type
Exhibit 45: Market opportunity by Type ($ million)
6 Market Segmentation by End-user
6.1 Market segments
Exhibit 46: Chart on End-user - Market share 2021-2026 (%)
Exhibit 47: Data Table on End-user - Market share 2021-2026 (%)
6.2 Comparison by End-user
Exhibit 48: Chart on Comparison by End-user
Exhibit 49: Data Table on Comparison by End-user
6.3 Supermarkets - Market size and forecast 2021-2026
Exhibit 50: Chart on Supermarkets - Market size and forecast 2021-2026 ($ million)
Exhibit 51: Data Table on Supermarkets - Market size and forecast 2021-2026 ($ million)
Exhibit 52: Chart on Supermarkets - Year-over-year growth 2021-2026 (%)
Exhibit 53: Data Table on Supermarkets - Year-over-year growth 2021-2026 (%)
6.4 Hypermarkets - Market size and forecast 2021-2026
Exhibit 54: Chart on Hypermarkets - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on Hypermarkets - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on Hypermarkets - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on Hypermarkets - Year-over-year growth 2021-2026 (%)
6.5 Single item stores - Market size and forecast 2021-2026
Exhibit 58: Chart on Single item stores - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Single item stores - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Single item stores - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Single item stores - Year-over-year growth 2021-2026 (%)
6.6 Fuel stations - Market size and forecast 2021-2026
Exhibit 62: Chart on Fuel stations - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Fuel stations - Market size and forecast 2021-2026 ($ million)
Exhibit 170: Validation techniques employed for market sizing
Exhibit 171: Information sources
12.5 List of abbreviations
Exhibit 172: List of abbreviations
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