openPR Logo
Press release

ReportResearch Offers 10-Year Forecast on North America and Europe Retail Automation Market

06-29-2017 01:20 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

ReportResearch Offers 10-Year Forecast on North America

Overview

Automation is the latest advancement set to revolutionise the global retail market. The retail automation market is expected to witness steady growth, owing to such avant-garde collaboration between global retail and consumer goods sector, and the global electronics and IT industry. Considering the fact that retail industry drives the growth of several business and trade ventures around the world, the influence of automation will bring more efficiency to billions of retail transactions.

Visual merchandising, planogram, and big data in retail are the key trends fuelling the demand of automated services in retail markets. Effective automated products and programs that speed up the sales mechanism, create efficiency in product supplies, and develop easily-accessible business platforms that can produce a lucrative environment for the growth of the retail automation market globally.

The global market for retail automation is gaining traction in Asia Pacific, Western Europe, and Middle East & Africa (MEA). The two most lucrative regions for the growth of the global retail automation market are North America and Europe.

Request For Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-na-200

Retail Automation in North America

Of these two regions, North America is the current market leader, holding the greater pie of retail automation market share. The North American retail automation market is likely to register high growth rate during 2014-2020 period.

North America remains a lucrative market for retail automation globally, with the US and Canada witnessing steady demand. North American consumers have adopted the prominent trend of relying on retail automated products and services for business transactions, which has made an affirming impetus on the retail automation market. Economic progress and rising purchasing power of consumers are some of the trends, specific to North America, that make the outlook of retail automation market considerably positive.

The European Retail Automation Market

Europe, on the other hand, is closing in on North America in order to become the leading key region in the global retail automation market. Several retail chains and multiple product lines established in Europe are helping the setting up of retail automation in European nations. The European regional market is primarily segmented into UK, Germany, Spain, France and others. Britain’s exodus from EU is likely to impact the implementation of automation in UK’s retail market. But, the economic stability in other European countries is expected to create a supportive dais for building up the retail automation market.

Factors Benefiting the Growth of Retail Automation Market

North America and Europe, collectively, will continue their prominence in the global market, with respect to the market size, revenue share, and overall demand. The factors that will incite this growth are,

Growth of Local Retail & Customer Reception
Local retail markets are growing in several parts of North America & Europe. Combined with a positive consumer response, automated retail will continue flourishing in niche retail markets.

Overflowing Investments on Automation Products & Services
Retail giants dominating the existing retail market are investing in automated programs and devices for creating efficient output. The cost advantage is increasing the demand for automated retail services.

Proliferation of Shopping Centres and Supermarkets
Consumers in the US and European countries prefer buying from hypermarket and malls, which is great platform for automated retail kiosks.

Challenges in the Global Retail Automation Market

The retail automation market in North America and Europe is growing steadily, but there are a handful of factors that may restrain or slow down its growth. In the US and Canada, a key challenge for retail automation is its greatest disadvantage -- the loss of job. Labours and working professionals at retail outlets are a major contributor of the region’s economy. Rising unemployment levels could plunge the local economy, having a rippling effect on the national economies of North America.

In Europe, the instability of economies across its constituent nations is restraining the growth of its retail automation market. Improving financial conditions in Turkey, Russia and Poland could influence the expansion of automated retail products; however, theundulating economies of Spain, Italy as well as Britain, can impede the adoption of automation in European retail sector.

Besides, maintaining the continuous supervision of retail kiosks, high dependency on electricity and the implications arriving from variable internet regulations are some other restraints recoiling the progress of retail automation in Europe and North America.

Segmentation

The segmentation of the retail automation market is done on the basis of geography, the operator type and the product type.

Geographic Segmentation

North America (sub-segmented into United States, Canada & others)
Europe (sub-segmented into Spain, France, UK & others)
Operator Type Segmentation

Unattended Terminals
Human-Operated Terminals
Product Segmentation

Currency Counter
Barcode Reader
Bill Printer
Cash Counter
Cash Register
Card Reader
Self-Checkout System
Weight Scale
Kiosks/Vending Machine
Others

Request For TOC@ http://www.futuremarketinsights.com/toc/rep-na-200

Key Competitors

Electronic companies such as Seiko Epson, Fujitsu, First Data Corp., Siemens, Toshiba and Wincor Nixdorf are some of the top players in the global retail automation market. Most of these ICT companies are headquartered in Europe, making the region a credible platform for new manufacturers and startups in retail automation. Meanwhile, North American retail giants such as Walmart and Kroger are developing their own devices and services to reap benefits from the amalgamation of retail and automation.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release ReportResearch Offers 10-Year Forecast on North America and Europe Retail Automation Market here

News-ID: 601313 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for North

North America Epoxy Composites Market
North America Epoxy Composites Market, By Type (Glass Fiber, Cotton Fiber, Paper Fiber), Resin Type (Epoxy Resin, Phenolic Resin, Melamine Resin), Manufacturing Process (Layup Process, Compression Molding Process, Resin Injection Molding Process, Resin Transfer Molding Process, Filament Winding Process, Pultrusion Process), End User (Wind Energy, Aerospace and Defense, Sporting Goods, Automotive and Transportation, Electrical and Electronics, Pipe and Tank, Marine, Others), Country (U.S., Mexico, Canada) Industry Trends and Forecast to
North America Drone Simulator industry report - North America Drone Simulator Ma …
The drone simulator market in North America is expected to reach US$ 535.17 million by 2028 from US$ 251.38 million in 2021; it is estimated to grow at a CAGR of 11.4% from 2021 to 2028. The latest North America Drone Simulator Market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis
UberJets Helping People Get North!
In 2022 consumers have the freedom to purchase, order, or reserve, practically anything with a click of a button. Buying has never been more transparent through the utilization of mobile app technology. Typically, users can perform tasks such as book a hotel or purchase game tickets all from an app; so it only makes sense that one can order a private aircraft to get to anywhere, and anytime using the
02-07-2020 | Health & Medicine
CRIFAX
North America Apnea Monitors Market : North America Opportunity Analysis and Ind …
CRIFAX has recently announced its latest research report on 'North America Apnea Monitors Market, 2020-2028' to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated
North America Footwear Market -Consumers In North America Are More Inclined Towa …
In the last couple of years, North America has emerged at the forefront of the fashion and sports apparel industry. Not only has easy and uninterrupted internet access bolstered consumer awareness regarding the latest buzz in the fashion scenario, but it has also helped them shop for the products they want with a simple touch of their fingers on their smartphones or tablets. The developed countries in the region such
Electrical Fuses Market: Production Enterprise To Become Main Application Phase …
The North America electrical fuses market is likely to witness the advent of more compact and slimmer electronics with leading players vying to cater to ever-changing consumer preferences. The development of the latest technologies and innovation have thus emerged as the most defining trends in the market. The electrical fuses market in North America is primarily driven by the rising demand for electricity and efficient power delivery systems. Besides this,