According to the latest report by IMARC Group, titled "Retail Automation Market Report by Type (Point-of-Sale (POS), Barcode and RFID, Electronic Shelf Label (ESL), Camera, Autonomous Guided Vehicle (AGV), and Others), Implementation (In-Store, Warehouse), End User (Supermarkets and Hypermarkets, Single Item Stores, Fuel Stations, Retail Pharmacies), and Region 2025-2033," the global retail automation market reached a value of USD 19.6 Billion in 2024. Retail automation is a technology that operates as a fully automatic retail store with software integration. It consumes less time while purchasing and consumers can browse the products using a touchscreen interface. It enables the selection of the product of their choice to pay for it using a debit or credit card. It assists in processing, triggering responses, communicating with other digital systems transactions, and manipulating data. Implementing retail automation offers various benefits, such as lower operational risks, reduced cost, better customer experience, and improved efficiency. Besides this, retail automation can reshape business models and provide broader value chain opportunities for players operating in the market.
Global Retail Automation Market Trends:
The global market is majorly driven by the rising demand for robotic process automation in the logistics industry. The emergence of industry 4.0 and a prominent shift in company business operations are creating a positive outlook for the market. Furthermore, rapid technological advancements have boosted the adoption of automation in retail industries. Also, the advent of autonomous mobile robotics and autonomous guided vehicle in the retail sector is catalyzing the market. Moreover, the growing need to enhance consumers' engagement in shopping or purchasing goods has propelled the retail industry to automate its operational processes. Additionally, the rapid integration of retail automation with machine learning to help advance the capabilities of software bots is positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of USD 39.1 Billion by 2033, exhibiting a CAGR of 8% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Type, Implementation, End User, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | AGS Transact Technologies Ltd., Diebold Nixdorf Incorporated, Fiserv Inc., Fujitsu Limited, Honeywell International Inc., NCR Corporation, Olea Kiosks Inc, Posiflex Technology Inc., Probiz Technologies Prvt, Sea Point China Limited, Simbe Robotics Inc. and Zebra Technologies Corporation |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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