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North America and Europe Retail Automation Market

Rising Investments and High Consumer Splurging have a Positive Impact on the Retail Automation Market: FMI forecasts to Flourish at a CAGR of 9.5% through 2032

North America and Europe Retail Automation Market by Geographic, Operator Type, Product & Region - Forecast 2022 - 2032

North America and Europe Retail Automation Market Outlook (2022-2032)

[324 Pages Report] The North America and Europe retail automation market is poised to increase at a CAGR of 9.5% from 2022 to 2032 to reach US$ 40.05 billion by 2032. The North America and Europe retail automation market was estimated to be worth US$ 16.16 billion in 2022.

Visual merchandising, planograms, and big data in retail are the main trends influencing demand for automated services in the retail sector. Effective automated products and programmes that accelerate the sales process, improve the efficiency of the product supply, and create easily accessible business platforms can help the retail automation market expansion globally.

With the aid of cutting-edge technologies, retail automation provides retailers and customers with flexible and straightforward solutions. The benefits of automated products, which include manageable business platforms, efficient product supply chains, and quicker sales processes, are driving up demand for them. By taking advantage of the cost advantage, this increases retailer revenues in addition to creating a favorable environment for North America and Europe retail automation market expansion.

Attributes

Details

North America and Europe Retail Automation Market CAGR (2022-2032)

9.5%

North America and Europe Retail Automation Market Size (2022)

US$ 16.16 billion

North America and Europe Retail Automation Market Size (2032)

US$ 40.05 billion

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Retail Automation: The Market's Gleaming Treasures in North America and Europe

North American retail automation

In terms of North America and Europe retail automation market share for retail automation, North America currently dominates these two geographical areas. The market for retail automation in North America is anticipated to grow rapidly between 2014 and 2020.

With steady demand in the US and Canada, North America continues to be a profitable venture for retail automation globally.

Consumers in North America have embraced the common practise of using retail automated goods and services for business transactions, which has had a positive impact on the retail automation market. The outlook for the retail automation market is remarkably positive due to trends that are unique to North America, such as economic growth and consumers' increasing purchasing power.

The Retail Automation Market in Europe

On the other hand, Europe is overtaking North America to take the top spot in the global retail automation market. The implementation of retail automation in European countries is being aided by a number of retail chains and product lines already established in Europe.

The UK, Germany, Spain, France, and other countries make up the majority of the regional European market segments. The implementation of automation in the UK's retail market is probably going to be impacted by Britain's exit from the EU. However, it is anticipated that the economic security in other European nations will create a supportive environment for the North America and Europe retail automation market expansion.

Impediments in the North American and European Retail Automation Markets

Although there are some factors that might hamper or slow down its growth, the retail automation market is expanding slowly but surely in North America and Europe. One of the main obstacles to North America retail automation market in the US and Canada is its biggest drawback, the loss of jobs.

The region's economy is significantly influenced by the labour force and professionals employed by retail establishments. Rising unemployment rates may cause the local economy to collapse, which will have an impact on the national economies of North America.

Europe's retail automation market isn't expanding as quickly as it could because of the instability of the economies of its member states. The growth of automated retail products may be impacted by enhancing financial situations in Turkey, Russia, and Poland. The adoption of automation in the European retail sector may be hampered by the sagging economies of Spain, Italy, and Britain, as well as by other factors.

Other obstacles halting the development of North America and Europe retail automation include maintaining the on-going supervision of retail kiosks, high dependence on electricity, and the effects resulting from inconsistent internet regulations.

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The Retail Automation Market's Indicators in North America and Europe

Real-Time Analytics and Technological Advancements

Future opportunities in the retail sector are anticipated to be numerous thanks to the integration of automation and analytics technologies. Retailers are expected to gain a competitive edge in the North America and Europe retail automation market thanks to analytical automation's capacity to make decisions based on analyzed data.

As a result, North America and Europe retail automation market growth in the upcoming years is anticipated to be driven by analysis of consumer purchasing trends. Additionally, the rise of data and analytics transformation activities in retail, such as recommendation systems, is another chance for the major players in the North America and Europe retail automation market to sharply boost their profits.

Comparative View of Adjacent North America and Europe Retail Automation Market 

North America and Europe Retail Automation Market:

Attributes

North America and Europe Retail Automation Market

CAGR

(2022-2032)

9.5%

Market Value

(2027)

US$ 25.44 billion

Growth Factor

One of the key factors boosting the retail automation market's expansion is the rise in business operations changes brought on by the pandemic-induced rise in work-from-home workers.

Opportunity

High potential for growth in emerging technologies

Key Trends

The global market for retail automation will be driven by rising consumer demand for these products.

Accounts Receivable Automation Market:

Attributes

Accounts Receivable Automation Market

CAGR

(2022-2032)

14.2%

Market Value

(2027)

USD 6.5 billion

Growth Factor

One of the main factors propelling market growth is the need to increase workforce productivity and efficiency.

Opportunity

To help finance and accounting executives increase their financial efficiency, vendors of accounts receivable automation solutions make investments in AI technology.

Key Trends

The demand for these solutions will likely be driven in the near future by the need for prompt invoicing to reduce payment delays.

Robotics and Automation Actuators Market:

Attributes

Robotics and Automation Actuators Market

CAGR

(2022-2032)

13.9%

Market Value

(2027)

USD 35.8 billion

Growth Factor

Actuators for automation and robotics are constantly improving.

Opportunity

The adoption of robotics and automation actuators with straightforward designs, simple controls, and low operating costs is anticipated across all industries and regions.

Key Trends

Globally, the development of smart cities is on the rise as a result of the ongoing, rapid urbanisation trend.

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Which is the Leading Segment in the North America and Europe Retail Automation Market by Product?

The bill printer segment dominated the North America and Europe retail automation market and is presumed to do so again during the anticipated period. In order to support the growth of the bill printer segment in the global retail automation market over the forecast period.

Rise in R&D has developed cutting-edge bill printer systems like RFID transponders and advanced one-click & contactless payment options. Additionally, biometric bill printer systems are streamlining the process for offering the end-user personalised payment options. This is then anticipated to accelerate the segment's North America and Europe retail automation market growth.

Which is the Leading Segment in the North America and Europe Retail Automation Market by Operator Type?

Human-Operated Terminals dominated the North America and Europe retail automation market. As the unattended terminals are challenging for the retailers to maintain a constant eye on these systems because they install their kiosk systems or vending machines in remote and isolated locations.

Due to their exposed nature, it becomes challenging to protect kiosks and vending machines from damages and thefts, and typically there isn't a provision to have a protective enclosure around the kiosk during non-working hours. One of the biggest challenges facing retailers in North America and Europe retail automation market is that thefts and damages can occasionally result in significant losses for them.

Many retailers are experimenting with various solutions to this issue. With the goal of enhancing kiosk security, Equip, Inc. (US), the industry leader in lockable covers that can be used in the absence of a salesperson, has been collaborating closely with retailers.

Although this option aids in securing automated systems to some extent, it is challenging for retailers with automated systems that are situated in remote locations and are in use constantly. Retailers are working to develop solutions that may lower the risks associated with theft and damage, even though cameras can be installed to keep a constant eye on the distant automated systems.

How is the Start-up Ecosystem in the North America and Europe Retail Automation Market?

When creating a new startup, there are many factors to take into account, including how to validate your idea, where to find funding, and what features the product should have.

  • The $260 million Series F investment round led by Sequoia Capital at Faire, the online wholesale marketplace that connects more than 200,000 retailers in North America and Europe with 20,000 brands from over 80 countries, has closed. The funding values Faire at $7 billion, nearly tripling its previous valuation of $2.5 billion announced just over six months ago. It includes all current investors in addition to new international investors Baillie Gifford and Wellington Management.
  • A $39 million Series B round of funding has been secured by Grabango, the industry's top supplier of checkout-free technology for existing grocery and convenience stores.
  • A leading global growth private equity firm, TA Associates, has made a $130 million strategic investment in Stackline, a Seattle-based technology company that develops subscription-based ecommerce tools for thousands of the biggest consumer brands and retailers.
  • To increase the use of digital cards across Europe, Mastercard and CleverCards have entered into a strategic partnership. The agreement, coupled with CleverCards' entry into Mastercard's Fintech Express programme, will enable businesses to instantly pay anyone, anywhere, at any time by using CleverCards to streamline the payments value chain throughout Europe.

How Competition Influences the North America and Europe Retail Automation Market?

Some of the leading players in the global retail automation market are electronic firms like Seiko Epson, Fujitsu, First Data Corp., Siemens, Toshiba, and Wincor Nixdorf. Since the majority of these ICT companies have their headquarters in Europe, the continent serves as a reliable foundation for new businesses and manufacturers in the retail automation industry.

While this is going on, North American retail behemoths like Walmart and Kroger are creating their own products and services in an effort to profit from the union of retail and automation.

The focus of Datalogic S.p.A. is on value creation through innovation and global expansion. To stay ahead in the cutthroat market, the company plans to implement a variety of strategies. The business intends to concentrate on ongoing process and product innovation to satisfy consumer and market demands.

One of the key forces behind the company's expansion and a tool for new product and process development is technology. Datalogic also intends to increase the number of its sales channels in order to take advantage of the high growth markets in China, Brazil, Turkey, and African nations.

Recent Development:

Date May 2020
Company Datalogic
Strategy Investment
Details The Datalogic has committed to investing in Adroit Worldwide Media Inc.'s (AWM) Smart Shelf in May 2020. It provides a full range of non-grocery and grocery-related retail sector solutions.
Date January 2021
Company Freshop Inc.
Strategy Purchase
Details Freshop Inc., a well-known grocery e-commerce company, was purchased by NCR Corporation in January 2021. With the addition of e-commerce to NCR Corporation's market-leading retail core POS platform, retailers will be able to respond to customer needs more quickly.
Date In December 2020
Company Posiflex Technology Inc.
Strategy Product Launch
Details Posiflex Technology Inc. has introduced a new line of point-of-sale (PoS) systems called HS-3314A, a 14′′ Android 9.0 Projected Capacitive Touch (PCAP) POS system. It has a high-performance Rockchip RK3399 processor, a built-in printer, and numerous peripherals.

Key Players 

Key Segments  

By Geographic Segmentation:

  • North America (sub-segmented into United States, Canada & others)
  • Europe (sub-segmented into Spain, France, UK & others)

By Operator Type Segmentation:

  • Unattended Terminals
  • Human-Operated Terminals

By Product Segmentation:

  • Currency Counter
  • Barcode Reader
  • Bill Printer
  • Cash Counter
  • Cash Register
  • Card Reader
  • Self-Checkout System
  • Weight Scale
  • Kiosks/Vending Machine
  • Others

Frequently Asked Questions

The North America and Europe retail automation market is predicted to grow at 9.5% CAGR through 2032.

The North America and Europe retail automation market size is anticipated to be over US$ 16.16 billion in 2022.

The North America and Europe retail automation market is expected to surpass US$ 40.05 billion by 2032.

Table of Content

1. Executive Summary

    1.1. Demand-side Trends

    1.2. Supply-side Trends

    1.3. Technology Roadmap Analysis

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. North America Retail Automation Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    4.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    4.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        4.2.1. By Country

            4.2.1.1. U.S.

            4.2.1.2. Canada

        4.2.2. By Operator Type

        4.2.3. By Product

    4.3. Market Attractiveness Analysis

        4.3.1. By Country

        4.3.2. By Operator Type

        4.3.3. By Product

    4.4. Key Takeaways

5. Europe Retail Automation Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    5.1. Historical Market Size Value (US$ Mn) Trend Analysis By Market Taxonomy, 2017-2021

    5.2. Market Size Value (US$ Mn) Forecast By Market Taxonomy, 2022-2032

        5.2.1. By Country

            5.2.1.1. Germany

            5.2.1.2. U.K.

            5.2.1.3. France

            5.2.1.4. Spain

            5.2.1.5. Italy

            5.2.1.6. Rest of Europe

        5.2.2. By Operator Type

        5.2.3. By Product

    5.3. Market Attractiveness Analysis

        5.3.1. By Country

        5.3.2. By Operator Type

        5.3.3. By Product

    5.4. Key Takeaways

6. Key Countries North America and Europe Retail Automation Market Analysis

    6.1. U.S.

        6.1.1. Pricing Analysis

        6.1.2. Market Share Analysis, 2021

            6.1.2.1. By Operator Type

            6.1.2.2. By Product

    6.2. Canada

        6.2.1. Pricing Analysis

        6.2.2. Market Share Analysis, 2021

            6.2.2.1. By Operator Type

            6.2.2.2. By Product

    6.3. Germany

        6.3.1. Pricing Analysis

        6.3.2. Market Share Analysis, 2021

           6.3.3.1. By Operator Type

           6.3.3.2. By Product

    6.4. U.K.

        6.4.1. Pricing Analysis

        6.4.2. Market Share Analysis, 2021

            6.4.2.1. By Operator Type

            6.4.2.2. By Product

    6.5. France

        6.5.1. Pricing Analysis

        6.5.2. Market Share Analysis, 2021

            6.5.2.1. By Operator Type

            6.5.2.2. By Product

    6.6. Spain

        6.6.1. Pricing Analysis

        6.6.2. Market Share Analysis, 2021

            6.6.2.1. By Operator Type

            6.6.2.2. By Product

    6.7. Italy

        6.7.1. Pricing Analysis

        6.7.2. Market Share Analysis, 2021

            6.7.2.1. By Operator Type

            6.7.2.2. By Product

    6.8. Rest of Europe

        6.8.1. Pricing Analysis

        6.8.2. Market Share Analysis, 2021

            6.8.2.1. By Operator Type

            6.8.2.2. By Product

7. Market Structure Analysis

    7.1. Competition Dashboard

    7.2. Competition Benchmarking

    7.3. Market Share Analysis of Top Players

        7.3.1. By Regional

        7.3.2. By Operator Type

        7.3.3. By Product

8. Competition Analysis

    8.1. Competition Deep Dive

        8.1.1. Seiko Epson

            8.1.1.1. Overview

            8.1.1.2. Product Portfolio

            8.1.1.3. Profitability by Market Segments

            8.1.1.4. Sales Footprint

            8.1.1.5. Strategy Overview

                8.1.1.5.1. Marketing Strategy

        8.1.2. Fujitsu

            8.1.2.1. Overview

            8.1.2.2. Product Portfolio

            8.1.2.3. Profitability by Market Segments

            8.1.2.4. Sales Footprint

            8.1.2.5. Strategy Overview

                8.1.2.5.1. Marketing Strategy

        8.1.3. First Data Corp.

            8.1.3.1. Overview

            8.1.3.2. Product Portfolio

            8.1.3.3. Profitability by Market Segments

            8.1.3.4. Sales Footprint

            8.1.3.5. Strategy Overview

                8.1.3.5.1. Marketing Strategy

        8.1.4. Siemens

            8.1.4.1. Overview

            8.1.4.2. Product Portfolio

            8.1.4.3. Profitability by Market Segments

            8.1.4.4. Sales Footprint

            8.1.4.5. Strategy Overview

                8.1.4.5.1. Marketing Strategy

        8.1.5. Toshiba

            8.1.5.1. Overview

            8.1.5.2. Product Portfolio

            8.1.5.3. Profitability by Market Segments

            8.1.5.4. Sales Footprint

            8.1.5.5. Strategy Overview

                8.1.5.5.1. Marketing Strategy

        8.1.6. Dieboldnixdorf

            8.1.6.1. Overview

            8.1.6.2. Product Portfolio

            8.1.6.3. Profitability by Market Segments

            8.1.6.4. Sales Footprint

            8.1.6.5. Strategy Overview

                8.1.6.5.1. Marketing Strategy

        8.1.7. Walmart

            8.1.7.1. Overview

            8.1.7.2. Product Portfolio

            8.1.7.3. Profitability by Market Segments

            8.1.7.4. Sales Footprint

            8.1.7.5. Strategy Overview

                8.1.7.5.1. Marketing Strategy

        8.1.8. Kroger

            8.1.8.1. Overview

            8.1.8.2. Product Portfolio

            8.1.8.3. Profitability by Market Segments

            8.1.8.4. Sales Footprint

            8.1.8.5. Strategy Overview

                8.1.8.5.1. Marketing Strategy

        8.1.9. Honeywell

            8.1.9.1. Overview

            8.1.9.2. Product Portfolio

            8.1.9.3. Profitability by Market Segments

            8.1.9.4. Sales Footprint

            8.1.9.5. Strategy Overview

                8.1.9.5.1. Marketing Strategy

        8.1.10. NCR Corporation

            8.1.10.1. Overview

            8.1.10.2. Product Portfolio

            8.1.10.3. Profitability by Market Segments

            8.1.10.4. Sales Footprint

            8.1.10.5. Strategy Overview

                8.1.10.5.1. Marketing Strategy

9. Assumptions & Acronyms Used

10. Research Methodology

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List of Tables

Table 1: North America Retail Automation Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 2: North America Retail Automation Market Value (US$ Mn) Forecast by Operator Type, 2017-2032

Table 3: North America Retail Automation Market Value (US$ Mn) Forecast by Product, 2017-2032

Table 4: Europe Retail Automation Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 5: Europe Retail Automation Market Value (US$ Mn) Forecast by Operator Type, 2017-2032

Table 6: Europe Retail Automation Market Value (US$ Mn) Forecast by Product, 2017-2032

Sudip Saha
Principal Consultant
LinkedIn
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List of Charts

Figure 1: North America Retail Automation Market Value (US$ Mn) by Operator Type, 2022-2032

Figure 2: North America Retail Automation Market Value (US$ Mn) by Product, 2022-2032

Figure 3: North America Retail Automation Market Value (US$ Mn) by Country, 2022-2032

Figure 4: North America Retail Automation Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 5: North America Retail Automation Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 6: North America Retail Automation Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 7: North America Retail Automation Market Value (US$ Mn) Analysis by Operator Type, 2017-2032

Figure 8: North America Retail Automation Market Value Share (%) and BPS Analysis by Operator Type, 2022-2032

Figure 9: North America Retail Automation Market Y-o-Y Growth (%) Projections by Operator Type, 2022-2032

Figure 10: North America Retail Automation Market Value (US$ Mn) Analysis by Product, 2017-2032

Figure 11: North America Retail Automation Market Value Share (%) and BPS Analysis by Product, 2022-2032

Figure 12: North America Retail Automation Market Y-o-Y Growth (%) Projections by Product, 2022-2032

Figure 13: North America Retail Automation Market Attractiveness by Operator Type, 2022-2032

Figure 14: North America Retail Automation Market Attractiveness by Product, 2022-2032

Figure 15: North America Retail Automation Market Attractiveness by Country, 2022-2032

Figure 16: Europe Retail Automation Market Value (US$ Mn) by Operator Type, 2022-2032

Figure 17: Europe Retail Automation Market Value (US$ Mn) by Product, 2022-2032

Figure 18: Europe Retail Automation Market Value (US$ Mn) by Country, 2022-2032

Figure 19: Europe Retail Automation Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 20: Europe Retail Automation Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 21: Europe Retail Automation Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 22: Europe Retail Automation Market Value (US$ Mn) Analysis by Operator Type, 2017-2032

Figure 23: Europe Retail Automation Market Value Share (%) and BPS Analysis by Operator Type, 2022-2032

Figure 24: Europe Retail Automation Market Y-o-Y Growth (%) Projections by Operator Type, 2022-2032

Figure 25: Europe Retail Automation Market Value (US$ Mn) Analysis by Product, 2017-2032

Figure 26: Europe Retail Automation Market Value Share (%) and BPS Analysis by Product, 2022-2032

Figure 27: Europe Retail Automation Market Y-o-Y Growth (%) Projections by Product, 2022-2032

Figure 28: Europe Retail Automation Market Attractiveness by Operator Type, 2022-2032

Figure 29: Europe Retail Automation Market Attractiveness by Product, 2022-2032

Figure 30: Europe Retail Automation Market Attractiveness by Country, 2022-2032

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North America and Europe Retail Automation Market