Press release
Retail Automation Market to Reflect Massive Expansion by 2025 | Adaptation of Technologies & Innovations generate Incredible Possibilities & Growth (SandenVendo, Fuji Electric, N&W Global Vending, Selecta Group, Crane Co., Ingenico, Verifine, PAX Technolo
Owing to the increasing adoption of automation in the retail sector, the retail automation market size has ballooned to $18.37 billion as of 2020. Furthermore, the demand for automation in the retail sector is estimated to observe a healthy compound annual growth rate of 8.60% during the forecast period of 2020 to 2025.Key Players covered in Retail Automation Market report are SandenVendo, Fuji Electric, N&W Global Vending, Selecta Group, Crane Co., Ingenico, Verifine, PAX Technology, ATOS Worldline, and Castles Technology.
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The key application in the retail automation market is found to be the food and non-food services. This is because of the significant progress in the food & beverages industry that is leading to more cafeteria, restaurants, and franchisee.
Furthermore, the non-food services are making strides as a lot of retail vendors seek for solutions pertaining to in-store support, logistics, business and promotional planning, and product assessments which is having a positive impact on the revenues generated in the retail automation market. The application of retail automation in the food and non-food services is projected to witness a substantial CAGR of 8.80% through to 2025.
The industrial growth in APAC countries is reflecting on the growth prospects for automation in the retail sector. Some of the determinants for the impressive market size for the retail automation market in APAC are oil & gas production and the subsequent retail of the same, scope for opportunities in the textile industry, and substantial incorporation of the supermarket, departmental store, and malls. Moreover, a gamut of franchises are venturing into APAC owing to the projected propitious progress due to an upsurge in the disposable personal income (DPI) of residents that is chiefly supporting the retail sector, and subsequently, the vendors in the retail automation market are reaping benefits.
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Retail Automation Market Trends –
IoT & Robotics in Distribution Centers – In 2020, there will be a seismic shift in the retail automation with IoT & robots applications in distribution centers in order to execute operations such as pick & pack, inventory management, and others. This technology will be largely adopted in supermarkets worldwide.
In-Store Mapping: An Integral Part of Shopping Centers – Customer navigation has been identified as a serious concern in the retail sector. In-store mapping is an automation technology that will be seen customers directing towards their desired shopping section. This will reduce the mundane tasks of physically navigating the customers towards a particular section of the stores.
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
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The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Retail Automation market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period.
Table of Contents:
1. Retail Automation Market – Overview
2. Retail Automation Market - Executive summary
3. Retail Automation Market
4. Retail Automation Market Forces
5. Retail Automation Market -Strategic analysis
6. Retail Automation Market – By Component (Market Size -$Million / $Billion)
7. Retail Automation - By Geography (Market Size -$Million / $Billion)
8. Retail Automation Market – Entropy
9. Retail Automation Market Company Analysis
10. Retail Automation Market –Appendix
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