Retail Automation Market

Retail Automation Industry worth $44.3 billion by 2029

The report "Retail Automation Market by Product Type (Interactive Kiosk, Self-checkout System, Barcode, RFID, ESL, Cameras, AMR, COBOTS, AGV, ASRS, Conveyor & Sortation Systems), Implementation Type (In-house, Warehouse), End-user & Region - Global Forecast to 2029" The retail automation industry is expected to be valued at USD 27.6 billion in 2024 and is projected to reach USD 44.3 billion by 2029; it is expected to grow at a CAGR of 9.9% during the forecast period. The increasing demand rising demand for high-quality and fast service to consumers and the increasing adoption of integrated automated technology in warehouses are the key drivers fueling the expansion of the retail automation industry. Restraints such as regular maintenance and meeting regulatory compliance hinder market growth. However, factors such as increased transparency in supply chain management and enhanced retail experience for consumers by leveraging automation technologies provide lucrative opportunities for market players in coming years.

Browse 164 market data Tables and 60 Figures spread through 236 Pages and in-depth TOC on "Retail Automation Market by Product Type (Interactive Kiosk, Self-checkout System, Barcode, RFID, ESL, Cameras, AMR, COBOTS, AGV, ASRS, Conveyor & Sortation Systems), Implementation Type (In-house, Warehouse), End-user & Region – Global Forecast to 2029"
View detailed Table of Content here -

Retail Automation Industry Segmentation:

Based on product type retail automation industry for POS systems is expected to hold the highest market share during the forecast period.

POS systems include interactive kiosks and self-checkout systems. Self-checkout systems in retail automation have witnessed rapid growth due to their ability to reduce checkout time, improve efficiency, and provide a seamless shopping experience for customers. Additionally, they offer cost savings for businesses by reducing the need for cashiers.

Retail automation industry for the warehouse segment by implementation type to exhibit the highest market share during the forecast period.

Warehouse automation in retail has surged, employing technologies like robotics, automated storage, and picking systems, ensuring faster and more accurate order fulfillment while reducing labor costs and enhancing inventory management. This trend significantly improves supply chain efficiency and customer satisfaction, particularly in the retail industry.

By segment, Retail automation industry for hypermarkets to hold high market share during the forecast period.

With automated systems handling checkout processes, inventory management, and restocking, hypermarkets can reduce labor costs and improve inventory accuracy. This efficiency helps them compete more effectively with online retailers, offering competitive pricing and a wider range of products. Furthermore, automation allows hypermarkets to analyze customer purchasing patterns in real time, facilitating targeted marketing and optimized product placement. Moreover, it enhances overall shopping experience by minimizing checkout times and reducing the risk of human errors, thus promoting customer satisfaction and loyalty.

Regional Analysis of Retail Automation Industry

By region, Retail Automation industry for Europe region to second hold the largest share during the forecast period.

In Europe, retail automation is experiencing significant growth due to several factors. The adoption of automation is particularly pronounced in the areas of checkout processes, inventory management, and customer service. Increasing consumer demand for efficient and convenient shopping experiences has led retailers to invest in technologies like self-checkout kiosks, automated inventory management systems, and AI-driven recommendation engines. The widespread use of self-checkout kiosks, which not only reduce waiting times for customers but also help retailers save on labor costs. Automated inventory management systems have become essential tools for retailers to optimize their supply chains, reducing wastage and ensuring that popular products are always in stock.

Retail Automation Industry Key Players

The retail automation industry includes many major Tier I and II players like Honeywell International Inc. (US), NCR VOYIX Corporation. (US), Diebold Nixdorf, Incorporated. (US), Zebra Technologies Corp. (US), Hangzhou Hikvision Digital Technology Co., Ltd.  (China), and others. These players have a strong market presence in advanced packaging across various countries in North America,

Don’t miss out on business opportunities in Retail Automation Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Retail Automation Market Size,  Share & Growth Report
Report Code
SE 2991
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Retail Automation Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved Protection Status

Digital Virtual Assistant - MarketsandMarkets