China Retail Automation Market Sluggish Growth Rate Foreseen by 2023-2030

China retail automation market is anticipated to grow at a CAGR of 15.8% during the forecast period. China is the fastest developing and most populous country in the world. Over the past few decades, modern grocery retailing has been expanding rapidly in developing countries including China itself. The Chinese retail industry is driven by abundant population, increasing urbanization, and the growing per capita disposable income of the middle-class populace, which in turn triggering China's demand for automation solutions for retail space, which is expected to grow at a steady pace. The consumers in China are increasingly demanding for improved services, which has caught retailers' attention and they are trying to cater to this demand by implementing automation methods.

Increased digitalization, 'new retail' model, growth of community and convenience stores, and expanding delivery service are some of the ongoing retailers' trends. Both online and offline (brick and mortar) new retail formats are data-driven and have steady footprints, and are expanding swiftly, forming new challenges and competitions for conventional retailers, which apparently increases the demand for retail automation in the country.

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. On the basis of, the market is classified into supermarkets, hypermarkets, convenience stores, fuel stations and other.

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China Retail Automation Industry Market Segmentation

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

By End-user

Supermarkets
Hypermarkets
Convenience Stores
Fuel Stations
Retail Pharmacies
Online Stores

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Company Profiles

DongGuan DYscan Technology Co., Ltd
Emerson Electric Co.
Hangzhou Hikvision Digital Technology Co., Ltd.
Honeywell (China) Co., Ltd.
Libiao Robotics
Orpak Systems Ltd.
Seiko Epson Corporation
Siemens AG
ZEBEX INDUSTRIES INC.
Zhejiang Dahua Technology Co., Ltd.

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