Retail Automation Market [2023-2031] Industry Size, Share, Trends, Opportunities, Growth Analysis

The global retail automation market size was US$ 14.9 billion in 2021. The global retail automation market is forecast to grow to US$ 31.4 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.4% during the study period from 2022 to 2030.

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Retail automation encompasses a list of tasks, including staff management, store audits, inventory management, etc. Self-service procedures and freestanding kiosks are included in the process to enable autonomous retail establishments through software integrations.

Factors Influencing the Market
The expansion of e-commerce throughout the world has increased delivery competition among firms. The benefits of the automated device as it standardizes visual merchandising, streamlines tracking & reporting, manages high-risk orders, etc., will contribute to the market growth. Apart from that, automated devices significantly reduce the time to manage inventory and eliminate the out-of-stock situation in the sector. Thus, it is expected to boost the growth of the global retail automation market during the forecast period.
The rapidly growing retail industry will offer numerous growth opportunities for the automation retail market. Apart from that, the market will record high growth due to the growing user base on the internet.
On the contrary, the high initial investment for deploying automated devices for retail space may limit the growth of the market during the forecast period.

Regional Analysis
On the basis of region, Asia Pacific would experience the highest rate of growth during the projection period. It is due to rising consumer purchasing power and the onset of digitalization in the region. Moreover, businesses and governmental organizations are reshaping their strategies and driving towards automation, which will boost the market growth during the forecast period.
The increased demand for automated services in this area is further fueled by the expansion of a smart supply chain, where data is produced by ecosystems of providers, suppliers, retailers, and distributors.

COVID-19 Impact Analysis
The COVID-19 pandemic has positively influenced the global retail automation market, owing to the rise in the demand for contact-less deliveries. Moreover, the terror of the pandemic forced people to take serious precautions, which significantly increased the user base on e-commerce platforms. Long queues outside traditional retail stores were also dangerous, and companies started adopting automated technologies to maintain the safety of the visitors. Thus, the retail automation sector witnessed sudden acceleration in the growth graph during the pandemic.

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Competitors in the Market
• Honeywell International Inc.
• Fujitsu Limited
• Fiserv, Inc.
• Datalogic S.p.A.
• NCR Corporation
• Posiflex Technology Inc.
• Toshiba Global Commerce Solutions
• Zebra Technologies
• Diebold Nixdorf, Incorporated
• KUKA AG
• Other Prominent Players

The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.

As of the end of 2022, the Retail Automation industry experienced notable growth in its workforce. Starting in January, employment within the Retail Automation sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Retail Automation output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector's production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.

Forecasts indicate that the global Retail Automation output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Retail Automation market, remains both its largest producer and consumer. Remarkably, China's market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation's GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Retail Automation market.

Market Segmentation
The global retail automation market segmentation focuses on Type, Implementation, End-Users, and Region.
By Type Outlook
• Point-of-Sale (POS)
• Barcode & RFID
• Electronic Shelf Label (ESL)
• Cameras
• Autonomous Guided Vehicle (AGV)
• Others

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By Implementation Outlook
• In-store
• Warehouse
By End-Users Outlook
• Hypermarkets
• Supermarkets
• Single Item Stores
• Fuel Stations
• Retail Pharmacies
By Region
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

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Table of Contents:

Chapter 1: Introduction to the Global Retail Automation Industry

Chapter 3: Dynamics of the Market

Chapter 4: Profiles of Leading Companies

Chapter 5: Competition in the Global Retail Automation Market among Players

Chapter 6: Market Size across Global Regions

Chapter 7: Application Segments in the Global Market

Chapter 8: Segment Analysis of the Global Retail Automation Industry

Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers

Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders

Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors

Chapter 12: Evaluation of Market Impact Factors

Chapter 13: Forecasted Global Retail Automation Market Size (2023-2031)

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• Analyzing market trends to aid businesses in devising adaptive strategies.

• Guiding businesses in the optimal placement of their products.

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