Product Code: PM2701
The global smart shelves market size is expected to reach USD 14.88 billion by 2030, according to a new study by Polaris Market Research. The report "Smart Shelves Market Share, Size, Trends, Industry Analysis Report, By Components (Hardware, Software, Services); By Enterprise Size (SMEs, Large Enterprise); By Application (Planogram Management, Inventory Management, Pricing Management, Others) By Region; Segment Forecast, 2022-2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing adoption of smart pricing and inventory management system for making smart restocking decisions and rising demand for supply chain optimization are collectively drives the market growth.
Electronic labels are anticipated to minimize the need for paper and make it easier to change the prices throughout the entire store quickly. As more and more businesses use cutting-edge technologies to replace paper labels, most supermarkets are beginning to embrace smart shelves with digital displays.
For instance, American retailer Kroger recently began utilizing the cloud-based display technology EDGE. The software shows prices, coupons, movies, and nutritional information together with adverts. Over the projected period, it is anticipated that this will significantly increase sales.
Retailers can also use smart shelf technology to detect theft of goods, minimizing losses and increasing profits. Furthermore, essential advantages including product placement, low stock warnings, shelf tag updates, stock information, product information, store performance, and customer service.
Additionally, businesses can use this technology to check inventory levels and determine when a product is out of stock. Technology for electronic shelves can also notify shops of product theft, lowering waste and increasing revenues.
Smart Shelves Market Report Highlights
The Hardware segment is expected to grow at a high CAGR. In particular, they are compact wireless display systems that can replace the conventional paper pricing systems used in retail establishments. These technologies enable businesses to cut labour costs and eliminate pricing mistakes. They also offer the additional benefit of increasing sales conversions and margins by making it simpler to adjust prices in reaction to price changes from suppliers and competitors.
SMEs accounted largest revenue share. As a result, growing e-commerce and business competitiveness are pushing the SME segment of the global market to rise over the forecast period.
Pricing Management accounted for the highest global revenue share. The shelf can be transformed into a holistic, multipurpose selling tool using digital signage, RFID technology, weight sensors, and other gadgets.
Europe is expected to grow at a high CAGR over the forecast period. Because of the high penetration in the retail sector, particularly in nations like France, Italy, Germany, and Central Europe.
Major players operating in the industry include Samsung Electronics Co. Ltd., Happiest minds, Avery Dennison, Huawei Technologies Co. Ltd, Nexcom International Co., Ltd., PCCW Solutions, Intel, Honeywell International Inc., SES-Imagotag, NXP Semiconductor, Samsung Electronics, E-Ink Holdings, Software AG, MINEW, TraxRetail, Pricer AB, and others.
Polaris Market Research has segmented the smart shelves market report based on component, enterprise size, application, and region:
Smart Shelves, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Hardware
Software
Services
Smart Shelves, Enterprise Size Outlook (Revenue - USD Billion, 2018 - 2030)
SMEs
Large Enterprise
Smart Shelves, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Planogram Management
Inventory Management
Pricing Management
Content Management
Others
Smart Shelves, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Smart Shelves Market Insights
- 4.1. Smart Shelves - Industry Snapshot
- 4.2. Smart Shelves Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Adoption of enhanced inventory management
- 4.2.1.2. Increased use of technologies like IoT and RFID retail
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Privacy concerns related to in-built data tags
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Smart Shelves Market Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Smart Shelves Market, by Component
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 5.3. Hardware
- 5.3.1. Global Smart Shelves Market, by Hardware, by Region, 2018 - 2030 (USD Billion)
- 5.4. Software
- 5.4.1. Global Smart Shelves Market, by Software, by Region, 2018 - 2030 (USD Billion)
- 5.5. Services
- 5.5.1. Global Smart Shelves Market, by Services, by Region, 2018 - 2030 (USD Billion)
6. Global Smart Shelves Market, by Enterprise Size
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 6.3. SMEs
- 6.3.1. Global Smart Shelves Market, by SMEs, by Region, 2018 - 2030 (USD Billion)
- 6.4. Large Enterprise
- 6.4.1. Global Smart Shelves Market, by Large Enterprise, by Region, 2018 - 2030 (USD Billion)
7. Global Smart Shelves Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 7.3. Planogram Management
- 7.3.1. Global Smart Shelves Market, by Planogram Management, by Region, 2018 - 2030 (USD Billion)
- 7.4. Inventory Management
- 7.4.1. Global Smart Shelves Market, by Inventory Management, by Region, 2018 - 2030 (USD Billion)
- 7.5. Pricing Management
- 7.5.1. Global Smart Shelves Market, by Pricing Management, by Region, 2018 - 2030 (USD Billion)
- 7.6. Content Management
- 7.6.1. Global Smart Shelves Market, by Content Management, by Region, 2018 - 2030 (USD Billion)
- 7.7. Others
- 7.7.1. Global Smart Shelves Market, by Others, by Region, 2018 - 2030 (USD Billion)
8. Global Smart Shelves Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Smart Shelves Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 8.3. Smart Shelves Market - North America
- 8.3.1. North America: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.3.2. North America: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.3.3. North America: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.3.4. Smart Shelves Market - U.S.
- 8.3.4.1. U.S.: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.3.4.2. U.S.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.3.4.3. U.S.: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.3.5. Smart Shelves Market - Canada
- 8.3.5.1. Canada: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.3.5.2. Canada.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.3.5.3. Canada: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4. Smart Shelves Market - Europe
- 8.4.1. Europe: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.4.2. Europe.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.3. Europe: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.4. Smart Shelves Market - UK
- 8.4.4.1. UK: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.4.4.2. UK.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.4.3. UK: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.5. Smart Shelves Market - France
- 8.4.5.1. France: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.4.5.2. France.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.5.3. France: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.6. Smart Shelves Market - Germany
- 8.4.6.1. Germany: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.4.6.2. Germany.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.6.3. Germany: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.7. Smart Shelves Market - Italy
- 8.4.7.1. Italy: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.4.7.2. Italy.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.7.3. Italy: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.8. Smart Shelves Market - Spain
- 8.4.8.1. Spain: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.4.8.2. Spain.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.8.3. Spain: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.9. Smart Shelves Market - Netherlands
- 8.4.9.1. Netherlands: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.4.9.2. Netherlands.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.9.3. Netherlands: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.4.10. Smart Shelves Market - Russia
- 8.4.10.1. Russia: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.4.10.2. Russia.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.10.3. Russia: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.5. Smart Shelves Market - Asia Pacific
- 8.5.1. Asia Pacific: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.5.2. Asia Pacific.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.3. Asia Pacific: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.5.4. Smart Shelves Market - China
- 8.5.4.1. China: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.5.4.2. China.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.4.3. China: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.5.5. Smart Shelves Market - India
- 8.5.5.1. India: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.5.5.2. India.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.5.3. India: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.5.6. Smart Shelves Market - Malaysia
- 8.5.6.1. Malaysia: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.5.6.2. Malaysia.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.6.3. Malaysia: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.5.7. Smart Shelves Market - Japan
- 8.5.7.1. Japan: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.5.7.2. Japan.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.7.3. Japan: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.5.8. Smart Shelves Market - Indonesia
- 8.5.8.1. Indonesia: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.5.8.2. Indonesia.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.8.3. Indonesia: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.5.9. Smart Shelves Market - South Korea
- 8.5.9.1. South Korea: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.5.9.2. South Korea.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.9.3. South Korea: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.6. Smart Shelves Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.6.2. Middle East & Africa.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.3. Middle East & Africa: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.6.4. Smart Shelves Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.4.3. Saudi Arabia: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.6.5. Smart Shelves Market - UAE
- 8.6.5.1. UAE: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.6.5.2. UAE.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.5.3. UAE: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.6.6. Smart Shelves Market - Israel
- 8.6.6.1. Israel: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.6.6.2. Israel.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.6.3. Israel: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.6.7. Smart Shelves Market - South Africa
- 8.6.7.1. South Africa: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.6.7.2. South Africa.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.7.3. South Africa: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.7. Smart Shelves Market - Latin America
- 8.7.1. Latin America: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.7.2. Latin America.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.3. Latin America: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.7.4. Smart Shelves Market - Mexico
- 8.7.4.1. Mexico: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.7.4.2. Mexico.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.4.3. Mexico: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.7.5. Smart Shelves Market - Brazil
- 8.7.5.1. Brazil: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.7.5.2. Brazil.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.5.3. Brazil: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
- 8.7.6. Smart Shelves Market - Argentina
- 8.7.6.1. Argentina: Smart Shelves Market, by Component, 2018 - 2030 (USD Billion)
- 8.7.6.2. Argentina.: Smart Shelves Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.6.3. Argentina: Smart Shelves Market, by Enterprise Size, 2018 - 2030 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Samsung Electronics Co. Ltd
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Happiest minds
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Avery Dennison
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Huawei Technologies Co. Ltd
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Nexcom International Co., Ltd
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. PCCW Solutions
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Intel
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Honeywell International Inc
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. SES-Imagotag
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. NXP Semiconductor
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Samsung Electronics
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. E-Ink Holdings
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Software AG
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. MINEW
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. TraxRetail
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Pricer AB
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development