Retail Automation Market by Global Demand and Competitive Analysis between Top Players 2021-2030

The Global Retail Automation Market size was valued at USD 12.29 billion in 2019 and is predicted to reach USD 33.02 billion by 2030, with a CAGR of 9.4% from 2020-2030.

Retail automation is the amalgamation of technologies deployed to semi-automate or fully-automate the retail stores or warehouses, benefitting the retailers with increased operational efficacy, reduced errors, quick & easy access, higher precisions, minimal human intervention, and consequently decreased labor cost.

Autonomous Guided Vehicle (AGV), Autonomous Mobile Robotics (AMR), automated retail kiosks, self-vending machines, online distribution channels, and other retail automations are gaining momentum in-stores as well as in warehousing, hence proliferating the growth of global retail automation market.

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Competitive Landscape

The retail automation market, which is highly competitive, consists of various market players. Some of the major market players include Diebold Nixdorf, Incorporated, Datalogic S.p.A., Fujitsu Limited, Fiserv, Inc., KUKA AG, Honeywell International Inc., Posiflex Technology Inc., NCR Corporation, Zebra Technologies, and Toshiba Global Commerce Solutions among others.

The key players are employing strategies such as product launches, acquisition, and technical collaboration, in-order to gain stronger position in the retail automation market.

For instance, in January 2020, Toshiba Global Commerce Solutions, a subsidiary of Toshiba Corporation, and one of the major players in the retail automation market, announced that it is helping Weis Markets to improve its customer experience. Toshiba offers a number of cash & cashless payment solutions, based on highly advanced self-service technology, thereby offering faster checkouts along with maximizing the utilization of each lane.

In January 2020, NCR corporation, one of the leading firms in the retail automation market, announced that BevMo, the specialty beverage retailer has selected NCR Emerald for driving its digital transformation, hence promoting a consistent customer experience across physical and digital channels. NCR Emerald shall run BevMo’s store operations like integrated payments, loyalty & promotions, merchandising, and self-service for consumers.

In March 2020, Fiserv, Inc., a global provider of financial services in the retail automation market, announced its acquisition over Bypass Mobile, an independent software vendor and pioneer innovator in enterprise point-of-sale systems. Fiserv aims at enhancing its omni-commerce capabilities, with Bypass providing its rich insight engines and robust back office management tools for national restaurant chains, sports & entertainment venues, and others. This acquisition shall lead Fiserv to deliver smooth customer experience spanning the physical and digital channels.

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Market Segmentations and Scope of the Study:

The global retail automation market share has been analyzed based on type, implementation, end user and geography.

Based on type, the retail automation market is segmented into Barcode & RFID, Point-of-Sale (POS), Camera, Electronic Shelf Label (ESL), Autonomous Guided Vehicle (AGV), and others. Based on implementation, the market is fragmented in-store and warehouse. Based on end user, the market is divided into hypermarkets, supermarkets, single item stores, fuel stations, and retail pharmacies. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America dominated the global retail automation market in the past, and is expected to maintain its dominance throughout the forecast period, owing to well-established retail infrastructures, presence of key manufactures, and a large consumer base.

Asia Pacific is expected to show rapid growth in the global retail automation market with substantial market share, owing to increase in per-capita disposable income, changing consumer preferences, increase in digital transformations, and technological evolution.

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