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RFID Kanban System Market Challenges 2023 Growth, Industry Demand, Top Players Strategy, Size-Share Estimation and Forecast Report till 2031
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The increasing spending on digital transformation (DX) technologies and rising third-party logistics (3PL) industry worldwide as well as recent strategic initiatives from leading market players are factors that are accelerating the global market demand. For instance, according to Statista - In 2022, the worldwide spending on digital transformation (DX) is estimated at USD 1800 billion and the spending is projected to grow to USD 2800 billion by 2028. Furthermore, leading market players are working towards new acquisitions to increase their geographical footprints. For instance, in January 2022, Texas, US based Retail RFID (radio-frequency identification) technology and solutions provider SML acquired Sweden-based retail customer experience platform provider, Sumzed AB. Sumzed AB specializes in non-RFID and RFID solutions, including price checker, point of information, fitting room support, call for assistance and digital signage. This acquisition would enable SML to expand its market presence in Northern Europe. Also, growing penetration of e-commerce platforms coupled with rising automation across different industries are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, security concern associated with cyber-attacks impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global RFID Kanban System Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing automation across different industries and presence of leading market players in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of 3PL logistics sector and rising automotive sector in the region, would create lucrative growth prospects for the global RFID Kanban System Market across the Asia Pacific region.
Major market players included in this report are:
Brooks Automation Inc.
Datelka
Grifols S A
Hurst Green Plastics Ltd
LogiTag Systems
MATTTEO
MetraTec GmbH
Palex Medical SA (Bidco Palex S.L.)
Pepperl+Fuchs SE
Scan Modul B.V.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
Single Bin RFID Kanban System
Multi-Bin RFID Kanban System
By Component
RFID Box
RFID Base
RFID Shelf/Cabinet
Electronic Shelf Displays
Others
By Application:
Supply Chain Inventory Management
Equipment Identification
Track and Trace Solution
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
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Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global RFID Kanban System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Aim of the Report
This study aims to determine the market size of various segments and countries with forecast values for next ten years.
Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.
It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market's future growth.
The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players' products and the competitive landscape.
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