Press release
Retail Automation Market Set to Reach $36.03 Billion by 2029 with 12.4% Yearly Growth
Retail Automation Market Research
The retail automation market has experienced rapid growth in recent years. It will increase from $20.07 billion in 2024 to $22.59 billion in 2025, at a CAGR of 12.5%. The growth is attributed to competitive pressures, increasing supply chain complexity, the growth of e-commerce, rising labor costs, and changes in consumer behavior.
The retail automation market is forecast to grow rapidly, reaching $36.03 billion by 2029 at a CAGR of 12.4%. This growth is driven by the shift toward omnichannel retail, a focus on customer experience, demand for contactless solutions, sustainability initiatives, regulatory compliance, and enhanced security measures. Key trends include the adoption of blockchain for supply chain transparency, growth in autonomous retail solutions, AR deployment, sustainability efforts, and the expansion of voice commerce.
What Are the Forces Behind the Rapid Growth of the Retail Automation Market?
The increasing consumer demand for faster and more efficient shopping experiences is projected to drive the growth of the retail automation market. Faster and seamless shopping involves quick transactions, streamlined processes, and minimal friction for consumers, including swift checkouts, easy product navigation, and seamless payments. Enhanced customer experiences, improved efficiency, and data-driven optimizations are driving retail automation, enabling businesses to innovate and expand. For instance, in February 2024, the US Census Bureau reported that fourth-quarter 2023 e-commerce sales grew by 7.5% compared to the same period in 2022, while total retail sales saw a 2.8% rise. Therefore, the increasing expectations for a seamless shopping experience are propelling the growth of the retail automation market.
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Who Are the Dominant Companies Influencing Retail Automation Market Trends?
Major companies operating in the retail automation market are Samsung Electronics Co. Ltd., Amazon Web Services Inc., Honeywell International Inc., Fujitsu Limited, Posiflex Technology Inc., NCR Corporation, Zebra Technologies Corporation, KUKA AG, Diebold Nixdorf Inc., Casio Computer Co. Ltd., Capillary Technologies, PAX Technology Inc., Datalogic S.p.A, Toshiba Global Commerce Solutions Inc., WiseTech Global group, First Data Corporation, Optimove Inc., Tecsys Inc., ECR Software Corporation, SandenVendo, E&K Automation GmbH, 6 River Systems LLC, Focus Softnet FZ LLC, Vinculum Solutions Pvt. Ltd., Pricer AB, Future Way Technical Services LLC, QR Retail Automation (Asia) Sdn Bhd, Napse, Kiosk & Display LLC, Wincor Nixdorf AG
How Is the Retail Automation Market Evolving?
Leading firms in the retail automation market are integrating robotics and automation to improve customer service and operational efficiency. Robotics and automation involve the application of robotic systems and automated processes across industries, including manufacturing and retail. For example, in August 2023, Dobot, a Japan-based robotics manufacturer, introduced the Nova collaborative robots for retail automation. The Nova Series features two models with 2 kg and 5 kg payload capacities for retail and physiotherapy applications. These robots incorporate multiple safety measures, including intelligent movement detection and collision response within 0.01 seconds. During power outages, Nova robots automatically freeze in position to ensure operational safety.
What Are the Different Segmentations in the Retail Automation Market?
The retail automation market covered in this report is segmented -
1) By Product: Point-Of-Sale (POS), RFID And Barcode, Camera, Electronic Shelf Label, Warehouse Robotics, Other Products
2) By Implementation: In-Store, Warehouse
3) By End-Use: Hyper markets, Single Item Stores, Super markets, Fuel Stations, Retail Pharmacies, Other End-Uses
Subsegments:
1) By Point-Of-Sale (POS): Traditional POS Systems, Mobile POS Systems, Cloud-Based POS Systems
2) By RFID And Barcode: RFID Tags And Readers, Barcode Scanners, Inventory Management Systems
3) By Camera: Surveillance Cameras, Smart Cameras For Analytics, Customer Behavior Tracking Cameras
4) By Electronic Shelf Label: LCD Shelf Labels, E-Paper Shelf Labels, Wireless Communication Systems
5) By Warehouse Robotics: Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), Robotic Picking Systems
6) By Other Products: Self-Service Kiosks, Digital Signage, Payment Solutions
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Which Region Is at the Forefront of the Retail Automation Market?
North America was the largest region in the retail automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retail automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Retail Automation Global Market Report?
- Market Size Analysis: Analyze the Retail Automation Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Retail Automation Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Retail Automation Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Retail Automation Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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