Electronic Shelf Label Market Study, Competitive Strategies, Key Manufacturers, New Project Investment by 2027

(3 June 2020) New research from The Insight partners, the electronic shelf label market on a global scenario was valued at US$ 406.6 Bn in 2018; it is expected to grow at a CAGR of 16.8% during the forecast period, to reach US$ 1,606.8 Bn by 2027.

Retailers use the electronic shelf label system for displaying product pricing on shelves. This system has benefits such as product pricing are automatically updated whenever a price is changed from a central control server. Hence its gaining popularity and boosting the need for the electronic shelf label market. The rising number of the supermarket, specialty store, and hypermarket are raising demand for the electronic shelf label market. US, China, Germany, France, and Japan are five major countries contributing to the highest revenue share in the electronic shelf label market.

The European region led the electronic shelf label market in 2018 and is projected to maintain its dominance over the forecast period 2019-2027. In the European market, digitization is making its significance in grocery stores. Some of the largest retail companies present in European territory are Ahold Delhaize, REWE Combine, Tesco PLC, IKEA Group, Inditex, LVMH Moët Hennessy-Louis Vuitton S.A., Carrefour, and Auchan Holding SA among others. Also, mentioned retail stores are amongst the top 25 retailers of the region; therefore, the installation of advanced IoT technologies would be gaining high momentum. Moreover, small retail traders such as mom and pop stores, corner shops endure being an optimistic entrepreneur in the region. Several new shops and retail stores are emerging in the region owing to the rising purchasing capacity of the masses.

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Electronics and Semiconductor, and many more. Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Electronic Shelf Label market globally. This report on ‘Electronic Shelf Label market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

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(178 – Pages, 54 – Tables, 61 – Figures)

The electronic shelf label market has been derived from market trends and revenue generation factors from five different regions across the globe namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America. The Asia Pacific is projected to be the fastest-growing region in the global electronic shelf label market. Whereas, Europe, followed by North America, holds the highest market share in the electronic shelf label market in 2018.

APAC is the fastest-growing electronic shelf label market worldwide. The presence of consumer electronics manufacturers in China, South Korea, Taiwan, and others, the scenario of the retail industry is changing. Samsung is one of the players in the ESL market. The booming retail industry supports the consumption of highly advanced ESLs. Also, Hanshow has developed a smart ESL solution that provides retailer owners with an opportunity to optimize their store management processes while reducing price-related grievances. These solutions offer owners the guidance to place items on appropriate shelves that improves shelf management efficiency. Such a positive outlook of the retail industry in Asian countries is projected to upsurge the growth of retail stores, and therefore, the installation of ESL would grow.

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Some of the other notable players in the global electronic shelf label market include Altierre Corporation, Diebold Nixdorf Incorporated, Displaydata Limited, E Ink Holdings Inc., M2Communication, NZ Electronic Shelf Labelling, Opticon Sensors Europe BV, Pricer, Samsung Electro-Mechanics, Ses-Imagotag, Teraoka Seiko, among others.

The report segments the global electronic shelf label market as follows:

Global Electronic Shelf Label Market - By Component

Displays
Battery
Transceiver
Microprocessor
Others

Global Electronic Shelf Label Market - By Product Type

LCD ESL
E-Paper based ESL

Global Electronic Shelf Label Market - By Store Type

Hypermarkets
Supermarkets
Non-Food Retail Stores
Specialty Stores
Others

Global Electronic Shelf Label Market - By Communication Technology

Radio Frequency
Infrared
Near Field Communication
Others

Global Electronic Shelf Label Market - By Geography

North America
U.S.
Canada
Mexico
Europe
France
Germany
Russia
U.K.
Italy
Rest of Europe
Asia Pacific (APAC)
China
India
Australia
Japan
South Korea
Rest of APAC
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
Rest of MEA
South America (MEA)
Brazil
Argentina
Rest of SAM

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

This release was published on openPR.