Self-Checkout Systems Market by Offering (Hardware, Software, and Services), Mounting Type (Standalone and Wall Mounted & Countertop), Model Type (Cash Model and Cashless Model), End User, and Geography - Global Forecast to 2022

The self-checkout systems market was valued at USD 2.24 Billion in 2015 and is estimated to reach USD 4.58 Billion by 2022, at a CAGR of 10.7% during the forecast period. The base year used for this study is 2015, and the forecast period considered is between 2016 and 2022.

The objectives of the study are as follows:

• To define, describe, and forecast the market, segmented on the basis of offering, mounting type, model type, end user, and geography
• To define, describe, and forecast the global market in terms of volume
• To forecast the size of the self-checkout systems market, in terms of value, and its market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
• To identify the major market trends and factors driving or inhibiting the growth of the market and its submarkets
• To provide value chain analysis as well as the impact of the Porter’s five forces on the market 
• To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contribution to the overall market
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the self-checkout systems market
• To strategically profile the key players operating in the market and comprehensively analyze their market ranking and core competencies
• To analyze the strategic developments such as new product launches, alliances, joint ventures, and mergers and acquisitions in the market

The research methodology used to estimate and forecast the market begins with obtaining data on key vendor revenues through a secondary research. Some of the secondary sources used in this research include information from various journals and databases such as retail journals and magazines, IEEE journals, Factiva, Hoovers, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the self-checkout systems market from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews of the key industry experts such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of the primaries has been depicted in the figure below.

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The self-checkout system ecosystem comprises the vendors offering the hardware, software, and services related to the self-checkout systems such as NCR Corporation (U.S.), Toshiba TEC Corporation (Japan), Fujitsu Limited (Japan), and Diebold Nixdorf, Inc. (U.S.), among others, which sell these products and solutions to end users to cater to their requirements. The end users of self-checkout systems market comprise various formats of retail stores such as supermarkets, hypermarkets, department stores, convenience stores, and specialty stores, among others.

The Target Audience

• Providers of the hardware, software, and services related to the self-checkout systems
• Retail stores
• Research organizations and consulting companies
• Associations, organizations, forums, and alliances related to self-checkout systems
• Distributors and traders
• Government bodies such as regulating authorities and policy makers
• Venture capitalists, private equity firms, and startup companies

 “The study answers several questions for the target audiences, primarily which market segments to focus on in next two to five years for prioritizing the efforts and investments.”

Report Scope

In this report, the self-checkout systems market has been segmented into the following categories, which have been detailed below:

Market, by Offering

• Hardware
• Software
• Services

Market, by Model Type

• Cash Model
• Cashless Model

Market, by Mounting Type

• Standalone
• Wall Mounted and Countertop

Market, by End User

• Supermarkets
• Hypermarkets and Department Stores
• Convenience Stores
• Others (specialty stores, discount stores, pharmacies, home improvement stores, appliance stores, and warehouse stores)

Market, by Geography

• North America (U.S., Canada, and Mexico)
• Europe (U.K., Germany, France, and Rest of Europe)
• APAC (China, Japan, Australia, and Rest of APAC)
• RoW (Middle East & Africa and South America)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information: Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Year Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Breakdown of Primaries
                     2.1.2.3 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Self-Checkout Systems Expected to Have A Huge Growth Opportunity in APAC
    4.2 Self-Checkout Systems, By Mounting Type (2016–2022)
    4.3 Self-Checkout Systems, By Region and End User
    4.4 Self-Checkout Systems, By Model Type
    4.5 Self-Checkout Systems, By Region (2016)

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Self-Checkout Systems, By Offering
           5.2.2 Self-Checkout Systems, By Mounting Type
           5.2.3 Self-Checkout Systems, By Model Type
           5.2.4 Self-Checkout Systems, By End User
           5.2.5 Self-Checkout Systems, By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Increase in Checkout Speed
                     5.3.1.2 Reduces Operational Cost
                     5.3.1.3 Caters to the Labor Shortage Issues Across the Developed Countries
           5.3.2 Restraints
                     5.3.2.1 Reluctance to Use Self-Checkout Systems
                     5.3.2.2 Increased Risk of Loss of Inventory
           5.3.3 Opportunities
                     5.3.3.1 Growing Demand From Retail Stores Such as Convenience Stores and Specialty Stores
           5.3.4 Challenges
                     5.3.4.1 Successful Implementation of Self-Checkout Systems

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Model
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Market, By Offering (Page No. - 47)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Display Devices
           7.2.2 Price Readers
           7.2.3 Payment-Related Hardware
           7.2.4 Weighing Scales
           7.2.5 Others
    7.3 Software
    7.4 Services

8 Market, By Model Type (Page No. - 52)
    8.1 Introduction
    8.2 Cash Model Type
    8.3 Cashless Model Type

9 Market, By Mounting Type (Page No. - 56)
    9.1 Introduction
    9.2 Stand-Alone Mounting Type
    9.3 Wall-Mounted and Countertop Mounting Type

10 Market, By End User (Page No. - 60)
     10.1 Introduction
     10.2 Supermarkets
     10.3 Hypermarkets and DEPArtment Stores
     10.4 Convenience Stores
     10.5 Others

11 Market, By Geography (Page No. - 64)
     11.1 Introduction
     11.2 North America
               11.2.1 U.S.
               11.2.2 Canada
               11.2.3 Mexico
     11.3 Europe
               11.3.1 U.K.
               11.3.2 Germany
               11.3.3 France
               11.3.4 Rest of Europe
     11.4 Asia-Pacific (APAC)
               11.4.1 Japan
               11.4.2 China
               11.4.3 Australia
               11.4.4 Rest of Apac
     11.5 Rest of the World (RoW)
               11.5.1 South America
               11.5.2 Middle East and Africa

12 Competitive Landscape (Page No. - 86)
     12.1 Overview
     12.2 Market Ranking Analysis: Market
     12.3 Competitive Situation
               12.3.1 New Product Launches and Developments
               12.3.2 Partnerships, Agreements, and Collaborations
               12.3.3 Acquisitions, Contracts, and Joint Ventures

13 Company Profiles (Page No. - 92)
     13.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.2 NCR Corporation
     13.3 Diebold Nixdorf, Inc.
     13.4 Fujitsu Limited
     13.5 Toshiba Tec Corporation
     13.6 ITAB Scanflow AB
     13.7 ECR Software Corporation
     13.8 Pan-Oston Co.
     13.9 IER
     13.10 Computer Hardware Design, Ltd.
     13.11 PCMS Group PLC 
     13.12 Slabb Inc.

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 116)
     14.1 Insights of Industry Experts
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details

List of Tables (35 Tables)

Table 1 Self-Checkout Systems Market in Terms of Value and Volume, 2013–2022
Table 2 Self-Checkout Systems, By Offering, 2013–2022 (USD Million)
Table 3 Self-Checkout Systems, By Model Type, 2013–2022 (USD Million)
Table 4 Self-Checkout Systems for Cash Model Type, By Region, 2013–2022 (USD Million)
Table 5 Self-Checkout Systems for Cashless Model Type, By Region, 2013–2022 (USD Million)
Table 6 Self-Checkout Systems, By Mounting Type, 2013–2022 (USD Million)
Table 7 Self-Checkout Systems, By End User, 2013–2022 (USD Million)
Table 8 Self-Checkout Systems, By Region, 2013–2022 (USD Million)
Table 9 Self-Checkout Systems Market in North America, By Country, 2013–2022 (USD Million)
Table 10 Self-Checkout Systems in North America, By End User, 2013–2022 (USD Million)
Table 11 Self-Checkout Systems in North America, By Model Type, 2013–2022 (USD Million)
Table 12 Self-Checkout Systems in the U.S., By End User, 2013–2022 (USD Million)
Table 13 Self-Checkout Systems in Canada, By End User, 2013–2022 (USD Million)
Table 14 Self-Checkout Systems in Mexico, By End User, 2013–2022 (USD Million)
Table 15 Self-Checkout Systems in Europe, By Country, 2013–2022 (USD Million)
Table 16 Self-Checkout Systems in Europe, By End User, 2013–2022 (USD Million)
Table 17 Self-Checkout Systems in Europe, By Model Type, 2013–2022 (USD Million)
Table 18 Self-Checkout Systems in the U.K., By End User, 2013–2022 (USD Million)
Table 19 Self-Checkout Systems in Germany, By End User, 2013–2022 (USD Million)
Table 20 Self-Checkout Systems in France, By End User, 2013–2022 (USD Million)
Table 21 Self-Checkout Systems in Rest of Europe, By End User, 2013–2022 (USD Million)
Table 22 Self-Checkout Systems in Apac, By Country, 2013–2022 (USD Million)
Table 23 Self-Checkout Systems in Apac, By End User, 2013–2022 (USD Million)
Table 24 Self-Checkout Systems in Apac, By Model Type, 2013–2022 (USD Million)
Table 25 Self-Checkout Systems in Japan, By End User, 2013–2022 (USD Million)
Table 26 Self-Checkout Systems in China, By End User, 2013–2022 (USD Million)
Table 27 Self-Checkout Systems in Australia, By End User, 2013–2022 (USD Million)
Table 28 Self-Checkout Systems in Rest of Apac, By End User, 2013–2022 (USD Million)
Table 29 Self-Checkout Systems in RoW, By Region, 2013–2022 (USD Million)
Table 30 Self-Checkout Systems in South America, By End User, 2013–2022 (USD Million)
Table 31 Self-Checkout Systems in Middle East and Africa, By End User, 2013–2022 (USD Million)
Table 32 Ranking Analysis: Self-Checkout Systems Market
Table 33 New Product Launches and Developments, 2014–2016
Table 34 Partnerships, Agreements, and Collaborations, 2014–2016
Table 35 Acquisitions, Contracts, and Joint Ventures, 2014–2016
 
 
List of Figures (48 Figures)
 
Figure 1 Market Segmentation: Self-Checkout Systems
Figure 2 Self-Checkout Systems : Process Flow of Market Size Estimation
Figure 3 Self-Checkout Systems : Research Design
Figure 4 Bottom-Up Approach for Market Size Estimation: Self-Checkout Systems Market
Figure 5 Top-Down Approach for Market Size Estimation: Self-Checkout Systems
Figure 6 Data Triangulation
Figure 7 Self-Checkout Systems Market: Market Size Analysis (2013–2022)
Figure 8 Market for Supermarkets Expected to Dominate During the Forecast Period
Figure 9 North America Accounted for the Largest Share of the Self-Checkout Systems in 2015
Figure 10 Attractive Growth Opportunities in the Self-Checkout Systems Market
Figure 11 Self-Checkout Systems Market for Wall-Mounted and Countertop Systems Expected to Grow at A Higher CAGR Between 2016 and 2022
Figure 12 North America Expected to Hold the Largest Share of the Self-Checkout Systems in 2016
Figure 13 Self-Checkout Systems Market for Cashless Type Systems Expected to Grow at A Higher Rate During the Forecast Period
Figure 14 U.S. Expected to Hold the Largest Share of Self-Checkout Systems in 2016
Figure 15 Self-Checkout Systems Market, By Region
Figure 16 Drivers, Restraints, Opportunities, and Challenges for the Self-Checkout Systems Market
Figure 17 Value Chain Analysis: Major Value Addition Takes Place During the Manufacturing and Assembly, and Software Development Phases
Figure 18 Porter’s Five Forces Analysis
Figure 19 Porter’s Analysis: Market
Figure 20 Impact Analysis of Threat of New Entrants
Figure 21 Impact Analysis of Threat of Substitutes
Figure 22 Impact Analysis of Bargaining Power of Suppliers
Figure 23 Impact Analysis of Bargaining Power of Buyers
Figure 24 Impact Analysis of Intensity of Competitive Rivalry
Figure 25 Hardware Offerings Expected to Hold the Largest Size of the Self-Checkout Systems Market During the Forecast Period
Figure 26 Self-Checkout Systems Market, By Model Type
Figure 27 Cash Model Type Expected to Hold A Larger Size of the Self-Checkout Systems During the Forecast Period
Figure 28 Self-Checkout Systems Market, By Mounting Type
Figure 29 Stand-Alone Mounting Type Expected to Hold the Largest Size of the Self-Checkout Systems During the Forecast Period
Figure 30 Self-Checkout Systems Market, By End User
Figure 31 Market for Convenience Stores Expected to Grow at the Highest Rate During the Forecast Period
Figure 32 Geographic Snapshot (2015): APAC Countries Such as China and Japan Expected to Witness Significant Growth During the Forecast Period
Figure 33 Snapshot of the Self-Checkout Systems in North America: Convenience Stores Expected to Grow at A High Rate Between 2016 and 2022
Figure 34 Snapshot of the Self-Checkout Systems in Europe: Supermarkets Expected to Hold the Largest Size of the Market During the Forecast Period
Figure 35 Snapshot of the Self-Checkout Systems in Apac: Japan Expected to Hold the Largest Size of the Market During the Forecast Period
Figure 36 New Product Launches and Developments as the Key Growth Strategy Adopted By the Company (2014–2016)
Figure 37 Battle for Market Share: New Product Launches and Developments: Key Strategies Adopted By Major Players in the Self-Checkout Systems Market
Figure 38 Market Evaluation Framework: New Product Launches and Developments Fueled Innovation and Growth of the Companies Between 2014 and 2016
Figure 39 Geographic Revenue Mix of Top Market Players
Figure 40 NCR Corp.: Company Snapshot
Figure 41 NCR Corp.: SWOT Analysis
Figure 42 Wincor Nixdorf AG: Company Snapshot
Figure 43 Wincor Nixdorf AG: SWOT Analysis
Figure 44 Fujitsu Ltd.: Company Snapshot
Figure 45 Fujitsu Ltd.: SWOT Analysis
Figure 46 Toshiba Tec Corp.: Company Snapshot
Figure 47 Toshiba Tec Corp.: SWOT Analysis
Figure 48 ITAB Scanflow AB: SWOT Analysis

The self-checkout systems market was valued at USD 2.24 Billion in 2015 and is expected to reach USD 4.58 Billion by 2022, at a CAGR of 10.7% during the forecast period. The growth of this market is being propelled by the growing deployment of these systems in various formats of retail stores such as supermarkets, hypermarkets, department stores, and convenience stores. The major reason behind this increase in demand is the ability of these systems to help retailers in reducing the checkout time, providing more personalized services at the store, and reducing the operational cost of the stores.

The report covers the market segmented on the basis of offering, mounting type, model type, end user, and geography. The cash model type dominated the market because of their high popularity among the retailers and customers, as compared to the cashless model type. Most customers like to have option of making payment through cash or through the card, or both. The cash model type systems give the payment flexibility to the customers, thus increasing the popularity of these systems.

The self-checkout systems market for wall-mounted and countertop mounting type is expected to witness significant growth during the forecast period. The space required for installing the countertop or wall-mounted systems is usually less than that of stand-alone systems; this has led to the increased demand for the wall-mounted and countertop self-checkout systems from retail stores having space constraints.

The hardware segment held the largest size of the self-checkout systems market in 2015. The growing awareness about advantages of using self-checkout systems has led to the rise in demand for these systems and thereby increase in demand for self-checkout systems related hardware such as display device, price reader, payment related hardware, and weighing scale.

North America held the largest size of the self-checkout systems market in 2015. The leading position of North America can be attributed to the high demand for these systems in this region due to the presence of a large number of retail stores such as supermarkets, hypermarkets, department stores, and convenience stores, among others.

The key restraining factors for the growth of the market include the reluctance of customers to use self-checkout systems and the increased risk of loss of inventory of the retailers. This report describes the drivers, restraints, opportunities, and challenges pertaining to the market. Additionally, it analyzes the current scenario and forecasts the market till 2022, including the market segmentation based on offering, mounting type, model type, end user, and geography.

Some of the major companies operating in the self-checkout systems market include NCR Corporation (U.S.), Toshiba TEC Corporation (Japan), Fujitsu Limited (Japan), Diebold Nixdorf, Inc. (U.S.), and ITAB Scanflow AB (Sweden).

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