Press release
Asia-Pacific Retail Automation Market Size, Competitive Analysis, Share, Forecast- 2020-2026
The Asia-Pacific retail automation market is expected to have the highest CAGR of 15.3% during the forecast period. The growth of the Asia-Pacific market can be attributed primarily to the increasing retailing sector, the rapid rise of e-commerce start-ups, and the influx of foreign players in the market. Secondary growth factors include increasing urbanization, disposable income, and growing economy that have also been contributing to remarkable growth in the Asia-Pacific retail automation market in the last few years. Investors in the region perceive retail to be a field that will have sizeable returns. Over the last decade, the industrial sector in Asia has grown by an average of more than 100 basis points each year, because of stronger income returns. As the retail sector matures in the Asia-Pacific, its performance is expected to match markets like that of the UK.Get Free Sample Copy @ https://www.omrglobal.com/request-sample/asia-pacific-retail-automation-market
The retail automation market is segmented based on components and end-user. Based on the component, the retail automation market is segmented into hardware and software. To sub-segmentize, the hardware is based on RFID and barcode scanner, POS systems, vending machines, self-scan checkout systems, other hardware types. Software is further evaluated as workforce management software, supply chain, inventory management software, retails apps, and online store applications. Based on this, the market is classified into supermarkets/hypermarkets, convenience stores, fuel stations, and others. Online retailing in the Asia-Pacific has perceived an exceptional rise in the last few years, especially due to the outbreak of the COVID-19 pandemic. This growth in online retailing has caused the e-retailers to adopt automation solutions for their platforms to enhance efficiency and profit returns.
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Country-wise, the market is segmented into China, Japan, India, and the Rest of Asia-Pacific. China is anticipated to lead the way with increasing industrialization and retailing. Although China is a major contributor to the global retailing industry, a high percentage of manual labor, has reduced the market share of the retail automation industry by a few percentage points. Further, India is the fastest-growing country in the retailing sector as investors are seeking development opportunities, which correspondingly boosts the retail automation market in the region.
The region is home to some of the major retailing chains, such as Future Value Retail, Seven & I Holdings Co., Ltd., Star Bazaar (Tata Group), and Yonghui Superstores Co., Ltd., which provides a remarkable opportunity for the retail automation service providers to take advantage. The major retail automation service providers in the region include Capillary Technologies, Casio Computer Co., Ltd.; Fujitsu Limited, Murata Machinery, Ltd.; Orpak Systems Ltd., SAMSUNG, and Seiko Epson Corporation, among more.
Market Segmentation
Asia-Pacific Retail Automation Market by Component
Hardware
• RFID and Barcode Scanner
• POS Systems
• Vending Machines
• Self Scan Checkout systems
• Other Hardware Types
Software
• Workforce Management Software
• Supply Chain and Inventory Management Software
• Retails Apps and Online Store Applications
Asia-Pacific Retail Automation Market by End-user
• Supermarkets/Hypermarkets
• Convenience Stores
• Fuel Stations
• Other
Company Profiles
• AGS Transact Technologies, Ltd.
• Capillary Technologies
• Casio Computer Co., Ltd.
• Daifuku Co., Ltd.
• Fujitsu, Ltd.
• Murata Machinery, Ltd.
• Orpak Systems, Ltd.
• Posiflex Technology, Inc.
• Probiz Technologies Pvt Ltd.
• Samsung Electronics Co., Ltd.
• SATO Holdings Corp.
• Seiko Epson Corp.
• Toshiba Global Commerce Solutions
• Toyota Industrial Equipment
• Zebex Industries Inc.
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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Contact Person: Mr. Anurag Tiwari
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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