Retail Automation Market - Forecast (2020 - 2025)
|出版日||ページ情報||英文 106 Pages
|リテールオートメーション市場：コンポーネント、エンドユーザーおよび地域別分析 Retail Automation Market - Forecast (2020 - 2025)|
|出版日: 2020年03月11日||ページ情報: 英文 106 Pages||
The World Economic Forum has estimated that by 2030, 75 million to 375 million number of people will switch their occupational categories to adapt to the technological shifts that are occurring in various industries. Evidently, this remarkable change in professions of people is largely attributable to the penetration of automation in various sectors that also includes the retail automation market, which is highly susceptible to human errors and leads to losses. Owing to the increasing adoption of automation in the retail sector, the retail automation market size has ballooned to $18.37 billion as of 2018. Furthermore, the demand for automation in the retail sector is estimated to observe a healthy compound annual growth rate of 8.60% during the forecast period of 2019 to 2025.
The industrial growth in APAC countries is reflecting on the growth prospects for automation in the retail sector. Some of the determinants for the impressive market size for the retail automation market in APAC are oil & gas production and the subsequent retail of the same, scope for opportunities in the textile industry, and substantial incorporation of the supermarket, departmental store, and malls. Moreover, a gamut of franchises are venturing into APAC owing to the projected propitious progress due to an upsurge in the disposable personal income (DPI) of residents that is chiefly supporting the retail sector, and subsequently, the vendors in the retail automation market are reaping benefits.
Retail automation refers to the an automated retail system using a vending machine, SSI Schaefer Case Picking system, computer vision system, witrons order picking machinery, and other automation technology. Due to the adoption of technology in the retail sector, automation has paved its path into applications such as food/non-food, general merchandise, and hospitality services because it speeds up the process that takes a long time if executed by human workers.
The key application in the retail automation market is found to be the food and non-food services. This is because of the significant progress in the food & beverages industry that is leading to more cafeteria, restaurants, and franchisee. Furthermore, the non-food services are making strides as a lot of retail vendors seek for solutions pertaining to in-store support, logistics, business and promotional planning, and product assessments which is having a positive impact on the revenues generated in the retail automation market. The application of retail automation in the food and non-food services is projected to witness a substantial CAGR of 8.80% through to 2025.
According to the Organization of Petroleum Exporting Countries (OPEC), the population outflow is going to be the most important determinant for the augmented demand for fuel. Furthermore, the demand for oil is estimated to escalate with figures that translate to 86.5 mboe/d in 2015 to 92.3 mboe/d in 2020 and 100.7 mboe/d in 2040. This rise in demand for oil will have a subsequent effect on the fuel retail sector, and the world will observe incorporation of a myriad of fuel stations across the globe. These fuel stations invest a significant amount of money in automation owing to the extensive retail operations that are executed on a daily basis. The growing number of fuel stations will create lucrative opportunities in the retail automation market.
The growth prospects in the retail pharmacy sector is attributed to an upsurge in the size of the global pharmaceutical market which is projected by the International Federation of Pharmaceutical Manufacturer Association (IFPMA) to reach $1,430 billion by 2020. The future foresees an incremented emergence of more retail pharmacy outlets, and these shops will need retail automation for the documentation and accounting purposes that are susceptible to human errors. This happens to be one of the major factors that will drive the retail automation market.
The textile industry is on the rise and is also estimated to witness gainful growth in the future. This is because of the fact that the apparel segment of the industry is gaining traction from consumers with varied preferences. The most important factor pertaining to the textile retail is the fact that a noteworthy part of the global population still visits retail stores to purchase wearable as the e-commerce sector is yet to totally take over the apparel shopping segment. The preference for textile retail shops can be attributed to the concerns about the discrepancies in terms of color, size, and style that may emerge between the ordered and the received product. The flourishing textile retail sector is substantively supporting the retail automation market.
Retail Automation Market Trends -
Retail Automation Market Challenges -
The major challenge in the retail automation market is the absence of human touch in the operations. Furthermore, retail automation fails to identify the customer experience and subsequently, gauge the customer experience to make an alteration in modus operandi. This a major reason a lot of small and medium-sized players in the retail sector dither to install automation in daily operations. Customer retention and loyalty still rely on the humane interaction between the customers and the representatives. However, with the advent and discernible evolution of artificial intelligence and machine learning, these issues will be alleviated, and there will be a considerable increase in the number of retail stores with automation.
Retail Automation Market Key Players Perspective -
The major players striving to generate more revenues in the retail automation market are SandenVendo, Fuji Electric, N&W Global Vending, Selecta Group, Crane Co., Ingenico, Verifine, PAX Technology, ATOS Worldline, and Castles Technology.
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the retail automation market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The retail automation market research report also analyses the application of retail automation in the food/non-food services, general merchandise, hospitality, and others.
Retail Automation Market Report: Industry Coverage
This report also documents the product demand on the basis of equipment that includes vending machine, payment terminal, point-of-sale system, interactive kiosk, self-checkout, electronic shelf labels, automated guided vehicle, automatic storage & retrieval system, automated conveyor, and cameras. The retail automation market is segmented on the basis of component that includes hardware and software and type that include in-store and warehouse.
North America: The U.S., Canada, Mexico
South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark
APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
Middle East and Africa: Israel, South Africa, Saudi Arabia
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