Press release
Electronic Shelf Label Market to reach USD 3623.3 Bn by 2029, emerging at a CAGR of 20.3 percent and forecast 2023-2029
Electronic Shelf Label Market
Maximize Market Research Pvt Ltd, a leading market research and consulting firm, has released an in-depth report on the Electronic Shelf Label Market. According to the research, the market is projected to reach USD 3,623.3 million by 2029, with a remarkable compound annual growth rate (CAGR) of 20.3% during the forecast period. In 2022, the market value was estimated at USD 993.6 million.
The research report comprehensively covers the Electronic Shelf Label Market and its dynamics. It delves into market drivers, restraints, and regional insights, aiming to assist decision-makers in formulating strategies tailored to specific regions.
The report employs a robust research methodology to analyze the impact of COVID-19 lockdowns on market leaders, followers, and disruptors. It takes into account the varying implementations of lockdown measures across regions and segments, offering both short-term and long-term perspectives to guide strategic decision-making.
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Electronic Shelf Label Market Dynamics:
The Electronic Shelf Label Market has witnessed significant growth, driven by various factors such as increasing operational efficiency, improved product positioning, and the rise of retail automation. These electronic shelf labels play a pivotal role in displaying product prices and associated offers, controlled through a wireless communication network. A wide range of industries, including groceries, hardware, sports equipment, furniture, consumer appliances, electronics, and gadgets, have adopted these labels for enhancing their retail operations.
Despite the market's promising growth, it faces limitations due to the presence of low labor costs in economically developing countries like India, South Korea, Brazil, China, and South Africa, which may hinder its expansion during the forecast period.
Electronic Shelf Label Market Regional Insights:
Europe accounted for 33% of the ESL market in 2022, primarily due to a strong presence of domestic and multinational retailers. The region has been an early adopter of ESL technology since its introduction in France in 1991.
APAC is expected to secure a 28% market share, fueled by globalization and the growth of organized retail. Notable countries in the region with significant market potential include China, India, Japan, Australia, Singapore, and South Korea.
North America, with a 22% market share in 2022, is experiencing rapid adoption of IoT technology in retail, further boosting the growth of the ESL market.
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Electronic Shelf Label Market Segmentation:
by Component
• Displays
• Batteries
• Transceiver
• Microprocessors
• Others
by Product Type
• LCD ESL
• Segmented E-Paper ESL
• Full-Graphic E-Paper ESL
by Communication Technology
• Radio Frequency (RF)
• Infrared (IR)
• Near Field Communication (NFC)
• Other Communication Technologies
• Displays
• Batteries
• Transceiver
• Microprocessors
• Others
by Store Type
• Hypermarkets
• Supermarkets
• Non-Food Retail Stores
• Specialty Stores
• Other Store Types
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Electronic Shelf Label Market Key Players:
• Pricer (Sweden)
• SES-imagotag (France)
• Samsung Electro-Mechanics (South Korea)
• E Ink Holdings (Taiwan)
• Displaydata (UK)
• M2Communication (Taiwan)
• Diebold Nixdorf (Germany)
• Opticon Sensors Europe (Netherlands)
• Teraoka Seiko (Japan)
• NZ Electronic Shelf Labelling (New Zealand)
• Advantech Inc.,
• Altierre Corporation,
• Displaydata Limited,
• Herbert Retail Limited,
• M2COMM
• Opticon Sensors Europe B.V.
• SoluM,
• SES-imagotag
• Pricer AB.
• NZ Electronic Shelf Labelling (New Zealand)
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Table of content for the Electronic Shelf Label Market includes:
1. Global Electronic Shelf Label Market: Research Methodology
2. Global Electronic Shelf Label Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Electronic Shelf Label Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
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🌐 https://www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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